Greece, with its beautiful natural landscapes, long history and rich culture, has attracted a large number of foreign investors andimmigrantsThis is especially true for the "Golden Visa" program, which is a means of obtaining residency. However, despite the relatively liberal immigration policies in Greece, many potential immigrants often fall into some misunderstandings during the application process, which can lead to failure or delays in the final application. In order to help youImmigration to GreeceThis article will revealImmigration to Greeceof the five most common misconceptions and offers suggestions for avoiding them.

I. Misconception one:Pros and Cons of Buying a Home in Greece

misinterpretation
Many people mistakenly believe that Greece's Golden Visa program is only about obtaining residency through the purchase of property. While investing through property is a common way of obtaining a golden visa, there are actually other ways for investors to obtain residency.

correct knowledge
According to Greece's Golden Visa policy, applicants can obtain residency in several ways:

1. Real Estate Investment: The purchase of a property worth at least €250,000 is suitable for those who wish to obtain residency by investing in property.
2. business investment: Investment of at least 400,000 euros for the establishment or expansion of a Greek company that creates jobs, suitable for those applicants with entrepreneurial plans.
3. Investment in financial assets: Investment in Greek financial instruments such as stocks, bonds, funds, etc., with an amount requirement of 400,000 euros.
4. Endowment-type investments: Residency is obtained by donating funds to the Greek government's cultural, educational or scientific programs.

suggestion
Before applying, it is best to choose the most suitable investment avenue based on one's financial situation, investment preferences, and long-term goals, not just limited to real estate investment.

Misconception 2: Thinking that a "Golden Visa" will automatically lead to permanent residence or citizenship

misinterpretation
Many applicants are under the misconception that upon obtaining a Golden Visa for Greece, the right of residence will automatically be converted to permanent residence or citizenship. This misunderstanding has led to many people not applying for the required extension or conversion of their residence status during the period of holding a Golden Visa.

correct knowledge
A Golden Visa is only a temporary residence permit; it is not the same as permanent residence. According toImmigration to GreeceIn accordance with the law, Golden Visa holders are required to renew their visas periodically and meet residency requirements in order to convert to permanent residency status.

• Golden Visa Renewal: The Golden Visa is a residence permit valid for five years and the applicant needs to renew it every five years.
• Conversion to permanent residence: Golden Visa holders can apply for long term residence or permanent residence status if they have resided legally in Greece for five years and fulfill the conditions.
• Transfer of nationality: Acquisition of Greek citizenship requires fulfillment of the legal residence requirement for at least seven years and passing of tests such as language and cultural tests.

suggestion
Make sure you understand the validity and renewal requirements of the Golden Visa and do not assume that the Golden Visa automatically converts to permanent residence or citizenship.

III. Myth 3: Ignoring Tax Obligations and Thinking You Can Save Money Because of Lower Taxes in Greece

misinterpretation
Many people apply forImmigration to GreeceAt the time, it was believed that taxes in Greece were relatively low, especially in terms of property tax and personal income tax, and therefore neglected its tax obligations, leading to unnecessary financial problems.

correct knowledge
Although Greek tax rates are relatively moderate within the EU, as an immigrant you still need to understand and fulfill your tax responsibilities.

• property tax: Greece charges a property tax for foreign investors who purchase property, the rate of which varies depending on the value and location of the property.
• personal income taxPersonal income tax in Greece is a graduated tax, with a maximum rate of 45%. If you reside in Greece for more than 183 days, you will be considered a tax resident and will be subject to tax on worldwide income.
• Other taxes: e.g. gift tax, inheritance tax, etc., may have an impact on immigrants' asset and wealth planning.

suggestion
existImmigration to GreeceBefore doing so, it is best to consult a tax expert to understand Greek tax policies and plan your taxes wisely to avoid future financial problems.

IV. Myth 4: Neglecting Greek and believing that English is passable

misinterpretation
While many people in big cities such as Athens and Thessaloniki are fluent in English, some immigrants underestimate the importance of learning Greek, believing that English can handle everything.

correct knowledge
Although the prevalence of English is higher in the big cities and tourist areas of Greece, in many places, especially in small towns and villages, Greek is still the main language of daily communication. Knowledge of Greek is essential for everyday life, administrative matters and integration into the local community.

• everyday lives: Knowing basic Greek can help you better communicate with your neighbors, stores, and service industry personnel.
• administrative affairs: Greek is still the official language for all formalities and many government documents and forms are only available in Greek.
• Cultural integration: Learning Greek will help you to better integrate into the local culture and community and increase your interaction and contact with the local population.

suggestion
suggestionImmigration to Greecepeople start learning Greek as early as possible, especially for basic conversation and vocabulary needed for daily life.

V. Misconception 5: Minimizing the preparation of application materials and legal procedures

misinterpretation
Many people applying for Greek immigration believe that they can successfully obtain a golden visa as long as they fulfill the investment requirements and provide some basic documents. In fact, the Greek immigration application process involves a number of legal procedures and complex material review, and applicants often underestimate the complexity of the process.

correct knowledge
Greek immigration law has strict requirements for application materials and procedures, and any omission may result in the rejection of the application. The documents that applicants need to prepare include:

1. Personal identification documents
2. Proof of source of investment funds
3. Relevant supporting documents for the investment property (in case of real estate investment)
4. Certificate of no criminal record
5. Health certificates, etc.

suggestion
To ensure a smooth application process, it is recommended that you seek the assistance of a professional immigration attorney or consultant who can help you prepare a complete application and ensure compliance with legal requirements.

summarize

even thoughGreece Immigration PolicyRelatively lenient, but it is very important to avoid the five major misconceptions mentioned above during the application process. It is only through a thorough understanding of Greece's immigration policies, tax obligations, language requirements, etc. that you will be able to successfully obtain residency and start a new life. We hope that this article will help you avoid common pitfalls and successfully realize your goal of immigrating to Greece. If you have any questions, consulting a professional immigration consultant or lawyer will provide you with clearer guidance on your immigration journey.