Nowadays, many investors turn to Golden Visa programs to gain the right to free movement in Europe and establish an alternative lifestyle. So, what is the Golden Visa, and who can benefit from this program?
What is the Golden Visa?
The Golden Visa is a program that grants foreign investors a residence permit and, in some cases, citizenship in exchange for a specific investment. Many European countries offer such programs to stimulate economic growth. Greece is one of these countries, allowing investors to obtain a Golden Visa by making a real estate investment worth 250,000 EUR.
Advantages of the Golden Visa
Freedom of Movement: Golden Visa holders can travel visa-free within the Schengen Zone.
Residence and Work Permits: You gain the right to reside in Greece, and under certain conditions, obtain a work permit.
Family Inclusion: Your spouse and children under 21 can also benefit from the program.
Tax Benefits: Greece offers specific tax exemptions for non-resident investors.
Affordable Investment Threshold: 250,000 EUR is one of the lowest investment requirements among European Golden Visa programs.
Who Can Apply for a Golden Visa?
To qualify for the Golden Visa, you must:
Be over 18 years old,
Have a clean criminal record,
Invest a minimum of 250,000 EUR in real estate,
Maintain the investment while holding the visa, without a requirement to physically reside in Greece.
Why is Greece's Golden Visa Program Popular?
Low Investment Requirement: Compared to other European countries, Greece’s 250,000 EUR threshold is quite affordable.
Fast Process: Golden Visa applications are typically processed within 3 to 6 months.
European Lifestyle: Greece offers a high quality of life with excellent social facilities and a rich cultural heritage.
Rental Income Potential: The invested property can generate strong rental income, especially in tourist hotspots.
The Golden Visa not only provides free movement within Europe but also offers long-term financial security for investors. In our next blog, we will discuss Why Invest in Kavala? and explore the opportunities the city offers for investors.