Greece, as a country with a long history, pleasant climate and cost-effective living, has in recent years attracted a large number ofimmigrantsWhether through the "Golden Visa" program, investment companies or other residence programs, more and more people are choosing to settle in Greece. More and more people are choosing to settle in Greece, whether through the "Golden Visa" program, investment in businesses or other residency programs. HoweverImmigration to GreeceThere's more to it than just "buying a house and getting a visa" - there's a lot more to it than just the investment. This article will revealImmigration to GreeceThe complete budget needed, with a focus on analyzing the updated list of costs for 2024, including hidden costs, so you can be fully financially prepared.

One,Immigration to GreeceThe basic cost of property investment and capital requirements

1. Golden Visa Investment: Buying Real Estate
   For those immigrating to Greece through the Golden Visa program, the primary investment avenue is the purchase of property. According to the 2024 policy, applicants must purchase property worth at leastEuro 250,000The property. This is the minimum requirement for obtaining residency in Greece, but the exact price of the property varies from region to region.

• Big City Real Estate: Real estate in large cities such as Athens and Thessaloniki is more expensive, with a two-bedroom apartment in the city center costing aroundEuro 300,000 to Euro 500,000The
• Travel Hot Area Real Estate: Tourist destinations such as Crete and Rhodes, for example, may have slightly higher prices, but investment options that meet the requirements of the Golden Visa can usually be found.

2. Other investment avenues
   In addition to property investment, the Greek Golden Visa also allows investment through other means:

• business investment: at leastEuro400,000The program is used to open or invest in businesses in Greece and to create jobs.
• financial investment: Purchase at leastEuro400,000of financial products such as bonds, stocks or funds.

3. Surcharge for family members
   A Golden Visa application usually includes the principal applicant and his/her immediate family members (spouse, children, etc.). There are additional fees for each additional family member:

• Spouse: approximatelyEuro500 to Euro1000of the application fee.
• Children (under 18): usually500 eurosThe

Two,Immigration to GreeceFormalities and administrative costs: Visa processing and legal services

1. Visa Application Fee
   The Golden Visa application involves a number of administrative procedures and each applicant pays a visa application fee of aboutEuro2,000 to Euro3,000The exact cost depends on the number of family members of the applicant.
2. Attorney and consulting fees
   Since the immigration process involves cumbersome legal documents and complex application procedures, many people will choose to hire a professional immigration lawyer or consultant to help with the process. Attorney fees are usually in the range ofEuro 1500 to Euro 5000Between, the exact price depends on the service and the experience of the lawyer.

• Content of legal services: Includes preparation of application materials, translation of legal documents, notarization, and communication with government agencies.

3. Translation and notarization costs
   When applying for a Golden Visa, all documents that are not in Greek need to be translated into Greek and notarized. The cost of translation and notarization is approximatelyEuro100 to Euro500The exact cost depends on the number of documents and the complexity of the translation.

III. Expenditures for life after migration: housing, medical care, daily expenses

1. Housing costs
   When you immigrate, you will need to pay for housing to settle into your life. If you choose to buy a property, there will be associated property taxes and maintenance costs. If you choose to rent, you will need to pay a monthly rent:

• rents: The monthly rent for a one-bedroom apartment in the center of Athens is aroundEuro400 to Euro800In the more distant suburbs, rents can be reduced to as low asAround 300 euros.. Rents are generally lower in other cities and regions.
• property tax: Property taxes in Greece are relatively moderate and are calculated based on the value of the property, typically ranging from **0.1% to 0.2%** per year.

2. medical cost
   Greece's public healthcare system provides residents with basic healthcare coverage, but many immigrants choose to purchase private health insurance to ensure higher quality care.

• public health care: Medical costs are usually cheaper for long-term residents, but will be higher if you choose a private healthcare provider.
• Private health insurance: The cost of private insurance is approximatelyEuro300 to Euro1000Annually, the exact price depends on the coverage and the choice of insurance company.

3. Daily living expenses
   Daily living expenses in Greece are relatively lower than in other Western European countries. Below are some common living expenses:

• food expenses: A couple's monthly food budget is aboutEuro250 to Euro400The amount of food that is consumed depends on the dietary habits of the family and the area in which it is located.
• Transportation costs: In Athens, a one-way subway ticket costsEUR 1.40The price of a monthly pass is approximately30 euros. If you choose to purchase a car, the price of gas will be approximately1.6 Euro/liter, Monthly gas costs vary based on usage.
• Utilities: The cost of utilities for a household is approximately $10,000 per month.Euro100 to Euro150The exact cost depends on the size of the family and the size of the house.

IV. Hidden costs: minor expenses requiring attention

1. property management costs
   If you buy a property with the intention of renting it out, you will need to pay for property management costs. These fees usually include services such as cleaning, maintenance, and repairs, and cost aroundEuro100 to Euro300 per monthThe
2. Education costs
   If you have children and plan to send them to an international school, the cost of education is an important factor to consider. Tuition fees at international schools are usually in the range ofEuro 5,000 to Euro 15,000Between, depending on the reputation of the school and the academic section.
3. Travel costs
   After immigrating to Greece, many people will plan to travel in other European countries. Due to Greece's location in the heart of Europe, international flights from Greece are relatively affordable. Each year it is necessary to budget approximatelyEuro 1000 to Euro 3000of travel expenses.

V. Summarizing: Budgeting for the total cost of emigrating to Greece

Cost of Immigration to GreeceIt varies depending on the family members, the type of investment chosen and living habits. Based on the situation in 2024, the basic budget for immigration to Greece is roughly as follows:

• Golden Visa Investment: MinimumEuro 250,000(Real Estate Investments).
• Visa Application and Legal Services:: ApproximateEUR 3,000 to EUR 10,000The
• Annual living expenses:: ApproximateEuro 15,000 to Euro 25,000(Including housing, medical care, education and daily expenses).

Therefore, the total initial cost of immigrating to Greece (excluding additional costs for family members) will cost approximatelyEuro 300,000 to Euro 400,000, depending on the individual's choice of investment and standard of living.

suggestion: Before emigrating, it is recommended that you plan your finances well in advance and consult with an immigration advisor, tax expert, etc. to ensure that your budget is adequate and to avoid potential cost pitfalls.