In recent years, with the globalimmigrantsWith the rising trend, Greece has attracted a large number of investors due to its unique geographical location, long history and culture, as well as the relatively low cost of immigration.Greece Golden VisaThe Golden Visa Program has been of particular interest, as it not only provides a low-barrier to entry into the U.S., but also offers the opportunity to obtain a visa.investment immigrationThe program also makes it easy for applicants and their families to obtain European residency. In this article, we will explain in detail the details of this program and discuss how to achieve yourImmigration to EuropeLiving the dream.

I. What is the Greek Golden Visa?

The Greek Golden Visa was introduced by the Greek government in 2013 as ainvestment immigrationprogram, which aims to boost the country's economy by attracting overseas investment. The core elements of the visa are:

• By purchasing Greek property or other designated investments, non-EU citizens can obtain a residence permit.
• Holders of a Golden Visa can travel freely within the 26 countries of the Schengen area.
• The visa has minimal residency requirements and applicants do not need to reside in Greece for a long period of time.

II. Main requirements for the Golden Visa

To successfully apply for a Greek Golden Visa, the applicant needs to fulfill the following conditions:

1. Investment thresholds
Applicants are required to invest in Greece a minimum ofEuro500,000of the property (adjusted to this threshold from August 2023, with the €250,000 criterion remaining in some areas).

2. Forms of investment

• Purchase of residential or commercial real estate
• Purchase a portfolio of multiple properties
• Long-term lease of a hotel or tourist facility (for a minimum of 10 years)

3. Family members
The main applicant may bring the following family members with him/her

• mate
• Unmarried children under 21 years of age
• both parents

4. No background check required
Applicants are required to provide proof of a clean criminal record, but there is no strict means test or language requirement.

III. Application Process Details

The application process for a Greek Golden Visa is relatively simple and quick, and is usually completed in just the following steps:

1. Pre-consultation and property inspection

• Determine a budget and filter the types of properties that qualify.
• Applicants are advised to visit Greece in person in order to understand the investment environment and the potential of the property.

2. Signing of the purchase contract and payment of a deposit
Work with local Greek lawyers to complete the signing of the purchase contract and legal due diligence to ensure that the property is free from any disputes or debt issues.

3. Opening of bank accounts and tax identification numbers
Applicants are required to open a bank account in Greece and obtain a Greek tax ID number (AFM). These steps are usually done with the assistance of a lawyer.

4. Submission of application materials
This includes, but is not limited to, the following documents:

• valid passport
• Real Estate Contracts and Proof of Payment
• Certificate of no criminal record
• Medical insurance certificate

5. Visa authorization and fingerprinting
After submitting the application, there is usually a waiting period of 2-3 months. Upon approval, the applicant is required to travel to Greece to complete the fingerprinting process, after which the residence card can be collected.

IV. Advantages of the Greek Golden Visa

The Greek Golden Visa program is currently the world's most popular due to its unique benefitsinvestment immigrationOne of the projects.

1. Expedited processing

• The approval cycle is short, usually 2-3 months to get the residence card.

2. No residency requirement

• Golden Visa holders are not required to take up permanent residence in Greece and can renew their visas by simply maintaining their investment.

3. Unimpeded access to the European Union

• Visa holders have visa-free access to the Schengen countries and enjoy easy access to transportation and business networks within the European Union.

4. Shared benefits for family members

• The spouse, children and parents of the principal applicant are entitled to the right of abode and the whole family benefits together.

5. Stable return on investment

• The Greek real estate market has seen a strong recovery in recent years, especially in Athens and popular tourist cities, where there is great potential for property appreciation.

6. Flexibility in long-term planning

• After 7 years of holding a Golden Visa, eligible applicants can apply for Greek citizenship and further obtain an EU passport.

V. Cost details

The cost of the Greek Golden Visa is divided into two parts: direct investment costs and additional expenses:

1. Direct investment costs

• Real estate investment: minimum 500,000 euros
• Taxes: approximately 3%-24% of the property price, depending on property type and area

2. Additional expenditures

• Attorney's fees: approximately 1%-2% of the price of the property
• Land registration fee: about 0.5% of the house price
• Visa application fee: EUR 500 per applicant
• Medical insurance: approximately 300-500 euros per year

VI. Considerations for 2024

1. Adjustment of investment thresholds
The investment threshold for the 2023 Greek Golden Visa has been raised from 250,000 euros to 500,000 euros. This adjustment is mainly for popular regions such as Athens and Mykonos, and applicants need to be aware of the specific regional requirements.

2. Careful choice of property
As the market heats up, property prices are growing rapidly. When choosing a property, it is advisable to focus on location and rental returns to ensure the value of your investment.

3. Possible further policy tightening
In the future, the Greek government may tighten the Golden Visa policy, including further raising the threshold or increasing the residency requirement. Early action is recommended.

Seven,Immigration to GreeceLife experience after

1. High quality of life
With its rich natural beauty, history and culture and comfortable Mediterranean climate, Greece is an ideal place to live.

2. Education and health
Greece has a high level of international schools and a well-established healthcare system, providing families with quality education and healthcare.

3. Diversified business opportunities
As a crossroads between Europe and the Middle East and North Africa, Greece is rich in business opportunities, especially in the tourism and real estate sectors.

summarize

The Greek Golden Visa is a fast track to achieving European residency, and its low threshold, fast approval and multiple advantages make it theinvestment immigrationThe Greek Golden Visa is a popular choice for those seeking European living opportunities or asset enhancement. The Greek Golden Visa is certainly an opportunity worth seizing for those seeking European living, educational opportunities or asset enhancement.

If you plan toImmigration to GreeceWe recommend contacting our professional team as early as possible to ensure a smooth application process and a new chapter of life in Europe for you and your family!