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Greece is a beautiful country famous for its architecture, history and vibrant culture. Many people across the world wish to travel and live in Greece. With the Greece Golden Visa, they can live and invest in properties in Greece.
This blog enumerates every important detail that you need to know about this visa. Read on.
The Greece Golden Visa Program was launched nine years back, in 2013. It is a residence permit allowing you to live in Greece for 5 years. Moreover, you can include your family as well. However, in exchange, you need to make real estate investments in Greece.
Given below are the eligibility requirements for Indians to qualify for Greece Golden Visa –
Given below are the details of the investment options that qualify for this visa:
A Greece Golden visa applicant needs to invest a minimum of €250,000 in real estate property in Greece, with 3% to 24% taxes.
Additionally, if the applicant wishes to invest in hotel accommodation or tourist residences, he/she would need 10 years of lease agreement.
The applicant can invest in government bonds. He/she needs to buy Greek government bonds valued at € 400,000 from an authorised institution in Greece. One can also buy corporate bonds or shares, the valuation of which will have to be € 800,000.
If someone wishes to opt for a capital contribution, he/she needs to submit a minimum of €400,000 to an authorised Greek company. These companies can include close-ended investment companies, real estate companies or any Greek-government authorised company.
A person can deposit a minimum of € 400,000 at a bank in Greece. But he/she needs to hold the deposits for a minimum of one year.
Given below are the terms and conditions associated with the purchase of properties in Greece:
Given below are the steps you can follow for applying for this visa:
You might be required to apply for a Greek Schengen Visa for visiting Greece. This visa is valid for 90 days. You can use this visa to visit the country and explore investment possibilities. You can opt for a national D visa, valid for 365 days, in case you need more time. Please remember that you need to submit the Greece Golden Visa application before the current visa expires.
This is optional. You can choose to deal with the entire application and investment on your own. But many agencies provide free consultations. These agencies analyse whether you are eligible to invest in Greece or not. They also check investment options for you. These agencies ensure that your Greece Golden Visa application doesn't get rejected.
It's time to visit Greece and check the properties that are suitable for you to invest in. Depending on your preferences and circumstances, you can opt for options other than real estate. Now, you also have the option to select the properties remotely.
You can obtain a Greek Non-Resident Tax Number. Open a bank account in Greece. You can opt for the execution of power of attorney.
Your legal representative can execute the property's 'legal due diligence'. Then you need to obtain the promissory sale, the purchase agreement and the execution of a public deed.
Once you have finalised your investment option, collect the required documents and apply for a Greece Golden Visa. Make sure you have filled up all the details accurately. Submit the application with the required documents.
The processing of the visa application will take a minimum of 3 months. If you receive a positive response from the consulate, you must travel to Greece to submit your biometric information.
After the entire process is completed, you will receive the Greece Golden Visa, valid for 5 years.
Given below is the list of documents required for the visa application:
The application costs up to €300 to process your request. However, there are associated expenses as well. For example, you need to invest a minimum of €250,000 in Greece. However, if you wish to invest in shares and government bonds instead, you must spend €400,000.
Only if you have made investments of the required amount will you become eligible for applying for a Greece Golden Visa.
This residency program enables you to travel across the Schengen Area countries without a visa. But this is one of its many benefits. Let's delve deep.
It's time to take a look at benefits of Greece Golden Visa –
The validity period of this particular visa is five years. You can easily renew the visa after five years.
Moreover, if you fulfil the requirements, you can apply for Greek citizenship after seven years.
This blog provided the crucial details related to Greece Golden Visa, which carries many benefits. People, who wish to apply for this particular visa, need to first invest in Greece. The specified investment amounts have been detailed in the blog.
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Disclaimer -
Your policy is subjected to terms and conditions mentioned in your policy schedule and policy wording. Please go through the documents carefully.
The information mentioned here about the countries, visa fees and others is taken from different sources. Digit Insurance is not promoting or recommending anything here. Please verify the same before you book your tickets, apply for a visa, buy a travel policy or make any other decision.
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