The Greece Golden Visa program has emerged as an attractive option for individuals seeking residency in Europe. This article delves into the specifics of the Greece Golden Visa, highlighting its key features, benefits, and the application process.
What is the Greece Golden Visa?
The Greece Golden Visa program was initiated in 2013, offering residency permits to non-European investors and their families in exchange for specific investments within the country. It provides an opportunity for individuals to obtain a European residence permit and access to the Schengen Area.
Key Features of Greece Golden Visa
1. Investment Options
Under this program, investors can qualify for a residence permit by investing in real estate, with options including property acquisition valued at €250,000 or more.
2. Family Inclusion
The Greece Golden Visa extends to the investor’s spouse, children under the age of 21, and parents of both the investor and their spouse.
3. Residency Rights
Holders of the Greece Golden Visa enjoy the right to reside in Greece and can travel freely within the Schengen Area for up to 90 days within a 180-day period.
Application Process for Greece Golden Visa
1. Property Selection
Investors need to identify eligible real estate properties meeting the specified investment threshold and legal requirements.
2. Due Diligence and Documentation
Completion of due diligence procedures and submission of necessary documentation, including proof of investment, background checks, and a clean criminal record, are crucial steps.
3. Residency Permit Issuance
Upon approval, investors and their eligible family members receive a five-year residency permit, renewable every five years if the investment is maintained.
Conclusion
The Greece Golden Visa presents an enticing opportunity for non-European investors seeking residency in a European Union country. Its straightforward investment options and inclusion of family members make it an attractive pathway to European residency. Understanding the application process and complying with the requirements are essential for a successful and fulfilling experience.