What Do You Need to Obtain a Residency by Investment in Greece?

With its breathtaking landscapes and vibrant culture, Greece is quickly becoming a magnet for investors eager to secure residency through investment. The Greece residency by investment program, known as the Golden Visa, presents a unique chance for individuals and their families to savor the privileges of European living. This initiative, overseen by the Greek government, stands out as one of the most approachable options in Europe. Collaborating with experts like Astons ensures your journey through this exciting opportunity is smooth and rewarding.

What is the Golden Visa Program in Greece?

The Golden Visa program in Greece opens the door to an exciting opportunity for non-European Union citizens looking to invest in this enchanting country. Investors can enjoy the freedom to travel throughout the Schengen Zone, settle long-term in Greece, and immerse themselves in its rich culture and vibrant lifestyle. It’s no wonder that this program is a magnet for investors from around the globe seeking a new adventure!

Essential Steps for Securing Residency in Greece via Investment

1. Invest in Property. An applicant must invest in real estate valued at a minimum of €250,000. Whether you choose a cozy residence or a bustling commercial space, it can be located anywhere in Greece’s beautiful landscapes.
2. Consider other assetsts. Lease a hotel or tourist accommodation for at least 10 years, purchase shares in Greek companies or opt for bonds issued by the Greek government.
3. Requirements. To qualify, applicants must be non-EU citizens, over 18, and have a clean criminal record. Additionally, investment funds should be sourced legally.
4. Inclusion of Relatives. One of the highlights of the Golden Visa is its generous family provisions. It covers you and extends to your immediate family, including your spouse, children under 21, and dependent parents.

Application Process: A Detailed Guide

The process of applying for residency in Greece through investment is simple and can usually be finalized within a few months:

• Initial Consultation and Preparation

Start by contacting professionals, such as Astons, to determine your eligibility and explore the best investment options. They will guide you in gathering the necessary documentation and legalizing your funds.

• Property Selection and Investment

Plan a visit to Greece to view properties and make your purchase. You must sign a Power of Attorney to enable legal processes, including registering your property.

• Submit Application

Submit your Golden Visa application with the appropriate Greek authorities. Include all required documents.

• Biometric Collection and Approval

You must attend a biometric appointment at a designated location in Greece. Once your application is approved, you’ll receive your residency permit, which is typically valid for five years and can be renewed as long as your investment is maintained.

Advantages of Obtaining Residency in Greece

Embarking on the journey to Greek residency through investment opens up a world of exciting possibilities:

• Wander Freely

Explore 26 countries within the Schengen Zone without the hassle of extra visas, making travel a breeze.

• Residency on Your Terms

You can enjoy the benefits of Greek residency without being tied to living in Greece full-time.

• A Gateway to Citizenship

You can apply for Greek citizenship, should you choose to.

• Embrace the Good Life

Immerse yourself in Greece’s outstanding healthcare, top-notch education, and the vibrant Mediterranean lifestyle.

Frequent Obstacles and Strategies to Conquer Them

While the program is open to you, there are a few hurdles to overcome, such as understanding legal nuances and selecting the ideal investment. Collaborating with specialists at Astons will help streamline paperwork, ensure compliance, and facilitate property acquisition, allowing you to focus on what matters most with complete assurance throughout the journey.