As the locals call the country, Hellas is located in the south of the European Union and is washed on all sides by the waters of the seven seas. It is a fairy tale amid reality, where you will want to be not only a tourist but also a citizen. The islands are drowned in the green of olive trees and vineyards, clean multi-colored beaches with turquoise water beckon to enjoy the rest, and the Mediterranean cuisine amazes with its variety.
There are many ways to become a legal resident, but all of them are long and complicated. If you take advantage of a simple and convenient scheme for foreign investors, you can obtain a national visa and citizenship. Greece RP by investment program is available for financial requirements. We offer a detailed overview of the options and advantages of this method to get a "pass" to the territory of the cradle of one of the ancient civilizations and become one step closer to your goal.
Overview of Greek Residency Program
The Balkan Peninsula state demonstrates a great interest in tourists and permanent residents of other countries every year. The essence of the program of obtaining Greece residency by investment is that a foreign investor sends finances to the national economy for the amount established by law. The minimum threshold for real estate purchase is at least 250,000 €.
Since 2023, the minimum cost has been increased to 500 thousand euros in some parts of the Greek archipelago. The main ways to channel funds are:
- - into real estate;
- - bank deposit;
- - securities;
- - business.
The system is characterized by fast application processing and the absence of the need to know the country's history and reside on its territory. In addition, the main applicant can make immediate relatives residents and become a full-fledged citizen of the Mediterranean state in the future.
Greece Golden visa is one of the simplest and most accessible from the legal and economic point of view ways of moving to the EU territory. It is designed for third-country nationals who have the money to make large transfers from abroad.
Eligibility and Requirements for Greek Residency
Living in the territory and visiting the municipality regularly to invest is unnecessary. You can apply remotely through professionals, lawyers, and a migration company. As Zlata Erlach, a specialist of the Immigrant Invest agency, points out, the right to a "permit" to cross borders, live, and work is granted to adults from neighboring countries that are not part of the EU who can support themselves and prove the existence of their capital for a certain amount. Contributing to the country's economy is the applicant's main requirement.
Another essential condition is to be legally present on a visa on the country's territory to qualify for permanent residence and any business activity.
Investment Options for Obtaining Greek Residency
According to statistics, the purchase of real estate is the most popular basis to obtain residency. The demand for this immigration option is explained by the fact that a person quickly obtains an ID card, becomes the owner of the liquid property, and moves to a lighter taxation model. Other variants are also available.
Investing money in the amount of 400 000 € in:
- - government bonds;
- - investment fund (IFN)
- - shares in investment companies;
- - making a deposit in a Greek bank.
For those with sufficient free capital, a term deposit or the purchase of securities is ideal. Immigration through entrepreneurship is suitable for applicants who want to scale their business to a pan-European level.
Advantages of Holding Greek Residency
If you want to go to Hellas as soon as possible, it is worth taking the chance to redirect your finances by following the rules and conditions of the Greece residency program. In the meantime, we have highlighted many benefits of buying an authorization stamp in a personal document for a foreigner. These are:
- - five-year term of use of the card;
- - transfer by inheritance to children and grandchildren;
- - it is allowed to take dependents;
- - there are no requirements for permanent residence;
- - it is mandatory to visit the country only once for biometrics;
- - after 7 years, you can apply for a second passport, which guarantees visa-free access to more than 180 countries.
The pass is one of the most inexpensive when compared to England and the USA. The applicant can get it even when applying online. Three months after approval, the applicant can become a full-fledged resident according to the law. By passport power comparison, Greek is in 28th place in terms of freedom of movement, as evidenced by data from a reliable source.
Conclusion
The country surrounded by seas is the most attractive for foreigners. The possibility of obtaining citizenship and the absence of strict requirements for investors make the program popular. Note that if you later get passport in exchange for assets, you can travel around Schengen and permanently live in a European country, develop business, and enjoy a soft taxation system. Minimize your expenses and save your own time - seek help from a professional agency. This way you will get the desired result much faster.
