If you don’t physically move to Greece or spend longer than half of the year there (183 days), you will not be liable to pay tax. You can include your family in the residency program. Hello Z. Eagy, please fill out the contact form on our website so one of our consultants can reach out to you regarding your inquiry. Required fields are marked *. 335,000€ - Property for Golden Visa in Greece, Villas for Sale Greece. Go for Ireland if the holding period for your investment is important to you. Spain Can UK Citizens apply for Greece Golden Visa after Brexit? Greece is of strategic importance and location, also among the top European countries in regards to investments in real estate property. The editor of the article is Christian Nesheim. Is there any indication of changes to the Golden visa policy / requirements for Retirees to Greece Post Brexit? as well clear their motive, and that is also happening Third-country citizens can obtain a residency permit in Greece – popularly known as a ‘Golden Visa’ by purchasing real–estate property in Greece for a value that exceeds 250,000 Euros. Thank you! They must also certify the existence of bank accounts or other transferable securities. How many days in a calendar year constitutes “most of the year”? Each of the Golden Visa programs has its own pros and cons. What happens in the cases where someone tarnishes their criminal record, either in their country of origin or in Greece. The Greek ‘Golden Visa’ gives you this opportunity for a meager €250,000, which is the lowest investment requirement in Europe. Hope this was helpful and best of luck…, Your email address will not be published. Can you do this with having a mortgage? Not only has the Golden Visa program helped people live and work in the area, but it has also done wonders for the local economy. I will also want to get residence permit for my children. Buy €400,000 worth of Greek state bonds (maturity 3 years), 4. The Golden Visa program in Greece is the investors’ means to become European residents, travel freely within the Schengen area, start a new life in Greece if they wish and most importantly earn income from their return on investment. It would be good if someone answers from company. ). It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. Launched in 2013, the Greek Golden Visa Program grants a five-year residence permit in exchange for as low as a 250,000 Euro real estate investment in Greece. The Greece Golden Visa for Israeli citizens, is one of the most popular programes amongst the EU countries, granting residency in Greece, enabling an entire non-EU family, including dependant children, up to the age of 24 and the parents of both spouses. This will bring the added benefits of being able to not just travel to but also live and work anywhere in the European Union. Whether that’s Greece or some other Golden Visa country, we can help you unravel it all. Hello, I heard that it is not allowed to apply for golden visa programs of some countries like Malta for Iranian citizens. Greek Exclusive Properties offers you the best Apartments for sale in Athens for Gold Visa (Golden Visa Greece), Ideal for EU Residency Visa or for Airbnb use. Your entire family can become Greek residents. You do not need to go through Greece first. The program has already raised over $3 billion (2020). I am South African on an EU residence permit in the Netherlands and we have visa-free travel as the residence permit replaces your visa in a sense. The Greek Golden Visa program requires the lowest investment compared to other real estate residency visa programs in Europe, making it the most popular one. Greek Golden Visa Law changed on 23.12.2020: You can now apply for the program completely remotely. If you’ve been a permanent resident of Greece for a minimum of seven years, you will be able to apply for its citizenship. and the real estate sector was at a stalemate. . So, you may buy a property in Corfu and apply for the Golden Visa. Save my name, email, and website in this browser for the next time I comment. Greece is reopening the golden visa scheme which has been suspended currently due to coronavirus outbreak, with more relaxed rules to stop the slowdown of real estate market in Greece. And as an optional step, you can have the execution of power of attorney. Now is a great time to buy real estate in Greece for highly attractive prices. This program doesn’t require the investor to live there. The applicant must prove their income by documentation that proves their capacity. Numerous countries, including a number of European ones, offer legal residency to people who invest in their country. Please clarify. Hi Shanon, We’ve got the solution. It also allows your entire family to travel visa-free to any of the 27 European countries within 2-3 months. The program’s qualifying options are: How will my income got taxed if we move to Greece? By decision of the Secretary General of the Decentralized Administration, residence permit for five years, subject to renewal, is granted to a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. Golden Visa offers the option of acquisition of citizenship in Greece and that of Greek-European Passport and after seven years’ time from the time of acquisition of Golden Visa. Thank you. , but it can easily be renewed if you continue to hold the minimum needed investment. The Golden Visa Greece program has been around since 2002 and was created as a way of enabling non-EU citizens the right to gain a residence permit in exchange for a 5-year real estate investment. The world has pounced on the Greek golden visa program; Greece grants more investor visas than any other country in the world. Your email address will not be published. Alternatives to the Greek Golden Visa Program. Yes, your spouse, parents (and parents-in-law), and children up to the age of 18 (21 if they’re studying) can all be added to the residence application under the same investment. Hello Phyllida, Greece Golden Visa gives you the right to live in Greece for as long as you want, with no restrictions. The country actually raised property taxes by some 700% during the economic crisis, and no one can be sure it won’t do it again. Thanks to a change made in the Greek Golden Visa program on December 23rd, 2020, you can now apply for the Greek Golden Visa program completely remotely. . How long do i have to stay in Greece for citizenship? Getting a residence permit is fast. Greece plans to relaunch its much-criticized Golden Visa Program, becoming one of the first European countries to reopen its immigration process, after being among the first European countries to close it due to the situation created by the Coronavirus pandemic. The Greece Golden Visa program is not a citizenship by investment program. Keep in mind that you will need to become a tax resident and physically spend time in the country for most of those seven years to be granted citizenship. I would like my aunt to be a part of the program with me. So my question is if after I become a Greek resident and I want to travel abroad outside Schengen countries, can I use my Greek residency permit to apply for the visa to travel to that destination country? (Should I set up an official “corporation”?) If you live in Greece for seven years and are its tax resident, you will be eligible to apply to obtain Greek citizenship. You won’t be able to legally work in the EU. Yes, you can. The investors of the program are allowed to invest in more than one property in the country. Can i use my residence permit anyhow i want or do i need to enter Schen gen area only from Greece ? Greece provides the opportunity for its Golden Visa residents to apply for naturalization, but it doesn’t need to give it to you. Or do I have to go back to my native country (Vietnam) and apply travel visa from there? in 2019 expanded also to other investment such us Government Bonds, deposit through Greek Bank institutes and etc, allowing third country citizens to obtain the Golden Visa in Greece. Golden Visa. Finally, a word about the fees. Do you think so? It received 364 applications in 2014, and 7,550 in just the first quarter of 2020 – more than twenty times as many. Greece at the moment requires 250.000 euros invested in property market to get a five year golden visa. Golden Visa in 2014 The Goverment of Greece introduced to Third -Country citizens, a procedure to obtain residence permit to those who wish to own real estate property with value of which exceeds €250.000. Contact us and talk to one of our experienced team members to help you with any and all your questions. I’m a little confused.. at the beginning to state: “For a mere €250,000 investment – the lowest required investment in Europe – the Greek ‘Golden Visa’ allows you to become a resident of the Schengen area. (ie, can I keep adding till I have 250k? A golden visa is a permanent residency visa issued to individuals who invest, often through the purchase of property, a certain sum of money into the issuing country.. While the residency and the benefits it brings are the things most often highlighted when talking about RBI programs, don’t forget about the investment part either. Foreign investors will be allowed to apply through … Greece. The flexibility of the real estate investment itself (and the fact that you will have full ownership of your property and a title deed). (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. Investors who own real estate have the right to rent their property. This was my question also. They sure can. Certification by an insurance agency for the cost of hospitalization and medical care; Insurance contracts that are signed outside of Greece, provided that they explicitly mention that they cover the interested party for the duration of their stay in Greece. As of recently, you can also invest in bonds, stocks, make deposits, and utilize other financial instruments too. In 2014, the Greek Government introduced a law that allows non-EU citizens from around the world to acquire a Greek residency by investment. Depending on your country of residence and the amount of time you spend in Greece, it is likely that your international income may not be subject to taxation in Greece. I would suggest talking to our team in Lisbon. Then, if you’re not using your real estate, you can rent it out. Make sure and check with your certified financial advisor to see if you can benefit from any of these incentives. Whether that’s Greece or some other Golden Visa country, we can help you unravel it all. Business Opportunities: St. Kitts & Nevis Citizenship by Investment, New Greek Government Should Boost the Golden Visa Program, Malta Officially Updated Its Residency Visa Program, Prima Collection Lisbon Square by Optylon Krea: The Definitive Review, Number of people that applied, when they applied, and their nationalities, Eligibility for the Golden Visa in Greece, Step by Step Process and Required Documents, Have medical insurance for yourself and your family, 10 years of a lease agreement, whether signed for hotel accommodations or furnished tourist residences in integrated tourist resorts, Bonds or shares of real estate investment companies in Greece, Shares and bonds of venture fund and private equity which have headquarters in Greece, The real estate property must be owned by and still in possession of you, If the owner has acquired the property through a legal entity, the applicant must own 100% of the company shares, The contract must cover a minimum duration of 10 years and 250,000 Euros in rental amount, The contract must require a single payment of the rent for the equivalent of the ten-year leasing of the property. We have a local office in Athens, Greece with legal professionals and chartered real estate professionals in our team. Greece, the cradle of democracy and the origin of western civilization, truly has an illustrious past. The Greece Golden Visa a residency by investment program launched in 2013. However, the applicant can set up a business in Greece. Do I need to travel to Greece to apply for a Golden Visa or Can I apply remotely? You can invest in real estate, such as villas, plots of land, timeshares – both residential and commercial – to obtain your residency. Have you always wanted to have access to Europe to enjoy its lifestyle and investment opportunities, but the price tag of getting a, Numerous countries, including a number of European ones, offer legal residency to people who invest in their country. Invest at least €250,000 in Greek real estate. This document will be valid for a year, allowing you to live in Greece and to freely travel in the Schengen area. The reopening of golden visa scheme with new set of rules proposed, likely coming to effect in May. Greek Golden Visa recipients are taxed on their income generated in Greece, but not on income earned outside the country. During the period when their Greek residence permit is valid? Do you not have access to the European Union but think it would be a great Plan B for yourself and your family? אישור לחיות, ללמוד ולנפוש עם כל. After you get your Greek Golden Visa, you should be able to apply for a non-Schengen country visa in their corresponding embassy in Greece. Hello Mark, that is right, Greece allows the proprty purchase to be in any of its islands as well. Hi! Poor track record of naturalizing people. Living there for seven years and paying taxes would make you eligible to apply for citizenship and the greek passport. Once I get the property and the residence permit, can I rent the property? The country has numerous initiatives and you can read all about them on their official website. A Golden visa is a type of residence visa with added benefits, offered by several European countries including Greece. You get the benefit of a citizenship by using the Investment Programs of Europe when you invest in real estate and be rewarded with a Europe visa . Your entire family can become Greek residents. Does “you can set up business”include freelance activity? They don’t really like naturalizing people who are not of Greek origin. The country actually raised property taxes by some 700% during the economic crisis, and no one can be sure it won’t do it again. The confidence that investors have in the country has been fully restored, as illustrated by the ever-growing numbers of people applying for the Greek Golden Visa program. Real estate can be located on the mainland or on any of the Greek islands. Every five years, you are required to renew your residence permit. The Greece Golden Visa program enables non-Eu citizens and their families to obtain a five year renewable Greece residency status with a real-estate investment of 250.000 euros. Even though Greece is known for its incredibly complex bureaucratic apparatus and relative inefficiency, getting a residence permit will take three months of your time – max. The Golden Visa gives you the freedom to travel across the Schengen zone without the need for an additional visa. If you are interested in obtaining residence in Europe, Golden Visa programs are the way to go as they will allow you to capitalize on your investment. +1 (979)966-6623 CONTACT US SERVICESPRIVACY POLICY FAQs, Copyright 2012-21, Nomad Capitalist Limited"Nomad Capitalist" and "Go Where You're Treated Best" are registered trademarks. There are different incentive programs for retirees, digital nomads, and other particular expat segments. Golden Visa Greece. All of the documentation must be certified and officially translated into Greek. Thank you. I know ‘citizens’ do but have not found the resident rights yet. Visas This section includes detailed information on visas for Greeks travelling abroad (visa requirements by country of destination, Authority responsible for issuing visas to Greeks) and for foreigners wishing to visit Greece and, by extension, the Schengen Area (visa requirements by country of origin, Greek or foreign Authorities that issue visas for Greece abroad). I am considering about Greece Golden Visa but I have a question. אישור תושבות גם לילדים עד גיל 21 ולהורי המשקיע. An RBI golden visa with Schengen Zone access across Europe. Golden Visa Greece, Αθήνα (Athens, Greece). We are individuals from Greece and we promote a real estate opportunity for people who want to come and invest in Greece. Needless to say, not many people have been able to take advantage of these options purely because they are so new and the financial organizations haven’t been able to adapt their offering to foreign investors. Living in Greece is optional if you’re a resident of the country. Put €400,000 into a real estate investment company that buys exclusively Greek properties (or buy its shares through a share-capital scheme), 2. The Greek Golden Visa Program. This leads to the revocation of the permit. The Power of Attorney for the appointment of a proxy, must be signed before a Greek Consular authority. Plus, its Balkan peninsula mainland and the many thousands of picturesque islands are one of the world’s top holiday destinations. If you fulfill the investment requirements, your spouse, all children under the age of 21, parents, as well as parents-in-law can be added to the application. “You won’t be able to legally work in the EU.”. If you do not have a law firm in Greece, we would be more than happy to direct you to one with Golden Visa experience. Download Free Brochure And, if you want to apply for citizenship, you will need to pay Greek taxes for seven years. As part of the European Union since 1981, the Schengen area since 2000, and a Euro-adoptee since 2001, Greece is a country that’s safe, accessible, under a dependable rule of law, and has a relatively low cost of living. Dear Lena, you may be eligible for a Golden Visa with a property that you acquired previously. The Cheapest Golden visa program in Europe is Malta. Buy €400,000 worth of shares in an Alternative Investment Organization in Greece or another EU member-state that buys Greek real estate. Golden Visa Greece by Energopiisi S.A is a branch of our investment consultancy Energopiisi founded in 2012. Learn more about how to apply remotely here. My family and I have almost completed the application for Golden Visa of Greece. Does the amount of €250,000 include the Value Added Tax? Some people say you are considered as a tax resident of Greece once you spend more than 183 days per year in Greece but idk. As a high-net-worth individual or a family, you should take advantage of the Greek residence by investment (RBI) program. “I didn’t have a year to spare to get a European passport, so I opted for a residency in Greece instead. You won’t have to pay Greek tax. . Hi Greg, no, there are no nationality restrictions in the Greece Golden Visa Program. The main applicant can include their spouse, children under the age of 21, parents, and parents in law. Can your family join you? Can UK Citizens owning a property purchased for 250k euros in 2019 apply for a golden visa now even though the Brexit transition period lasts until the end of 2020 and the post Brexit rules are unclear. The residence by investment program set out the guidelines on how non-EU citizens could obtain permanent residence in the country by investing €250,000 in Greek real estate. You can be a resident of Greece and not pay its tax if you don’t physically live there for at least 183 days a year. Even though it’s a developed country that offers a high standard of living, not all is a bed of roses when it comes to the economy of Greece. If i get residence in Greece will my children have a right to study in eu univesities ? The Greek Golden Visa allows you to live in Greece and travel across the Schengen region, without a visa. This site uses cookies in order to improve your user experience. Thank you so much for your comment and for pointing out our mistake. If you’re a legal resident of Greece, you will be able to travel anywhere in the Schengen area without needing a visa. Rest assured, no other country lets you have free reign over what property makes you eligible for their RBI program. The residence by investment program set out the guidelines on how non-EU citizens could obtain permanent residence in the country by investing, It had the lowest investment required in Europe, It received 364 applications in 2014, and 7,550 in just the first quarter of 2020 – more than, as many. Certified copy of a valid passport or travel documents recognized by Greece, A fee paid and obtained through the “e-Paravolo” platform, Roughly amounts to €500 for residence permits of up to a five-year duration, A processing fee paid and obtained through the “e-Paravolo” platform, Roughly amounts to €16, concerning the printing of the separate document (electronic residence permit). The average rental yields in Greece hover around the 4-5% mark. Here are the main ones. Learn how your comment data is processed. This means that the principal applicant’s parents and parents-in-law can also receive cards without any further requirements. 285,000€ - Luxury Villas Greece, Property for Golden Visa in Greece, Villas for Sale Greece. It is designed to attract foreign non-Eu citizens to obtain the right of residency and/or citizenship in Greece. I own a property in Greece through donation, value 90,000euro. It had the lowest investment required in Europe, 2. Given the relatively low investment requirement, combined with the fact that no minimum in-country stays are enforced, the program is an excellent option for families wishing to gain a back-up … Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. Here’s a graph detailing the steps and timeline: A successful Golden Visa Program application requires the following documents: In some cases, the authorities may request additional documentation. There is no minimum stay requirement and children up to the age of 21 are included in the family application. As always, you should consult a professional before you choose which investment is the right one for you, as well as choosing where to obtain your residency. . However, I would suggest having a more detailed conversation related to your inquiry before finalizing your decision. Golden Visa Greece The GOLDEN VISA PROGRAMME offered by the Hellenic Republic is designed to give you and your family members a unique opportunity: live and travel around Europe in total freedom, thanks to the most affordable Permanent Residence Permit (PRP) available in Europe. There are other, and pricier, investment options available too. Can a non-EU investor travel to other countries within the EU with the Greek permit for owners of real estate? Yet, seeing how foreign investors often prefer to invest in financial instruments other than real estate investments, Greece introduced seven more investment options at the end of 2019. In other words, do I have to pay the full 10 years rent in single payment, or the rent should be anually (25,000) then repeating the payment each year. If you live in Greece for seven years and are its tax resident, you will be eligible to apply to obtain Greek citizenship. In addition to the other Golden Visa programs, the Greek program provides an Extended Family benefit. There are several investment types that qualify you for a Greece Golden Visa. In fact, applicants spend 20% more than the bare minimum on real estate in Greece, at approximately €300,000. המשפחה ביוון למשך 5 שנים עם אופציה לחידוש. Since the program only started seven years ago and takes seven years to get citizenship, this is a relatively new opportunity with not much information on it. The Greek property market took a big hit in the 2008 financial crisis and suffered for more than a decade. ie once outside Greece as a UK citizen you are not restricted by the 90 in 180day law? The residence scheme allows you to include your spouse and children under the age of 21 in the program. Established in July 2013, the Greek residency by investment program, more commonly known as the Greece Golden Visa Scheme, is one of the most affordable EU residency programs available to South Africans. You can probably remember the stand-off between the leaders of the European Union and Greece when the Greek Debt Crisis hit back in 2008. It’s cheap. There are several investment options, but the most common route is through purchasing real estate worth at least a quarter of a million. Here you will be able to buy real estate for €250,000 real estate plus property taxes and legal costs around 10%. The investment is slightly more at €330,000 and the process takes a bit longer (3-4 months). Process of issuing Golden Visa. What’s the next step to start with this option?? Does my wife and my step daughter will count as famil members? The authorities do this step, your Golden visa application will be approved, and then you’ll be issued a Golden Visa Residence Card. The Greek Golden visa programme is a scheme launched by the Greek government, offering permanent residence to property buyers or investors of non-EU origin, who purchase property in Greece that exceeds €250.000 in value.Compared to other European countries, Greece offers the most financially beneficial residency permit. I want to apply for a Golden Visa Program. The Greek Golden Visa program launched in July 2013. Please check with your lawyer that the value of the transaction was officially recorded above 250,000 Euros and that all other details check. The country has numerous initiatives and you can read all about them on their. Good Evening, I understand that the Golden Visa gives you free visa to travel in the EU but is that unlimited? These include: If you chose to proceed with the purchase of a property; In the case of an applicant who has signed a lease of a hospitality accommodation: You may renew your Golden Visa residence permit every five years. But after purchasing the property, I want to live there. Is it possible to buy a property with a business partner and apply for a Golden Visa for both of our families? This provision also includes visa-free travel to Switzerland, Liechtenstein, Norway, and Iceland. It is very important to understand the important difference between the two programs. Thanks! It’s not a donation you’re making. There is little wonder that the balmy Mediterranean climate, fresh food, turquoise waters, and exceptional hospitality have attracted high-net-worth individuals from all over the world to Greece. . We arrange all paperwork, documents and procedures for obtaining your Residency and Citizenship. Many thanks. GET A GOLDEN VISA FOR GREECE Invest in the right time, in the right place, for the right reason INVESTMENT OPPORTUNITIES IN GREECE. When you get to Greece, it would be ideal to already have some real estate properties lined up for you to visit. The highest number of applicants came from: In order to qualify for a Golden Visa in Greece, you must meet the following requirements: As of 2021, you no longer need to visit Greece in person in order to apply for your Golden Visa. Dear Dr. Rimon, in the case of non-EU citizens who have signed a lease of at least 10 years for hotel accommodations or furnished tourist residences in integrated tourist resorts, provided the minimum value of the lease is €250.000, the contract must require a single payment of the lease for the equivalent of the ten-year leasing of the property. Keep in mind that being a tax resident is a requirement to apply for citizenship. As far as requirements go, they are pretty basic. It is an investment scheme that ensures visa-free travel in the Schengen zone to non-European investors and their families. Nick Kampouris-Mar 10, 2019. Golden Visa in Greece video tutorial ; Golden VISA Investement (for more details, please click here) Golden Visa in Greece – Residence by Investment (for more details, please click here) Legal guidance on residence permits designated for non EU citizens owning property in Greece of a value exceeding €250.000 We Speak The Same Language . Hopefully, now you’re able to see just how flexible the Greek Golden Visa program is when it comes to its real estate investments. Can the applicant take a mortgage out on the property to receive a loan? If I obtain the Greek golden visa and become a resident, do I have to pay taxes there? 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