Golden Visa Programme
Are you looking to gain residency in Greece? Look no further than the Golden Visa Programme.
With a five-year residence permit on offer, this programme provides a pathway for third country nationals like yourself. Whether you invest in real estate or infrastructure projects, you can obtain a residence permit and enjoy the benefits of living in Greece. Your family members can also join you on this exciting journey. Explore the possibilities and experience the freedom of living in Greece through the Golden Visa Programme.
Eligibility Requirements for Golden Visa Programme
To be eligible for the Golden Visa Programme in Greece, you must meet certain requirements. Firstly, you need to have entered the country legally with an entry visa or be residing legally, even if your current residence permit doesn’t allow a change of purpose.
Secondly, the property you acquire should be worth at least 250,000 euros and belong to you by title, county, and possession. If you’re co-owning a property, it’s only eligible if you and your spouse own it in undivided ownership. Additionally, if you’re acquiring the property through a legal entity, you must wholly own the shares or corporate shares.
You can also be eligible if you own more than one property with a total value of at least 250,000 euros.
Now let’s explore the investment options available under the Golden Visa Programme in Greece. If you desire freedom and are looking to obtain a residence permit in Greece, you have several investment options to choose from. Firstly, you can acquire real estate worth at least 250,000 euros. Alternatively, you can invest capital ranging from 3 to 100 million euros in infrastructure projects or Greek companies, creating a minimum of 150 job opportunities.
You can also enter into a ten-year lease of hotel accommodation or tourist furnished houses, with a minimum lease amount of 250,000 euros. Furthermore, if you purchase a plot of land and proceed with the construction of a building, the combined value of the purchase and construction contracts should be at least 250,000 euros. These investment options provide you with the opportunity to secure a five-year residence permit and enjoy the freedom to explore and travel within the Schengen countries for up to 90 days per semester.
Property Ownership Criteria
If you want to qualify for the Golden Visa Programme in Greece, it’s important to meet the property ownership criteria. To be eligible, you must legally enter the country with an entry visa or reside legally with a residence permit that allows a change of purpose. The property should belong to you by title, county, and possession.
If you co-own a property worth €250,000, the right of residence is granted only if you and your spouse own the property together. If you acquired the property through a legal entity, you must wholly own the shares or corporate shares. You can also qualify if you own more than one property with a total value of at least €250,000.
Make sure to provide documents that prove your financial ability if you plan to enter with a type D visa. Remember, meeting these criteria will grant you the freedom to enjoy the benefits of the Golden Visa Program in Greece.
Visa Application Process
Start the visa application process for the Golden Visa Programme in Greece by gathering all the required documents and submitting them to the relevant authorities.
The application process requires you to provide proof of legal entry into the country, such as an entry visa or a valid residence permit. Additionally, you’ll need to demonstrate ownership of a property worth at least 250,000 euros or provide evidence of investment in Greek infrastructure or companies. If you’re purchasing a property, you must show documents proving your financial ability to cover the investment. For those who’ve entered into a ten-year lease of hotel accommodation or tourist furnished houses, proof of the rental agreement is required.
Once all the necessary documents are gathered, submit your application and wait for the relevant authorities to process it.
Family Members’ Eligibility
To continue the discussion on eligibility for family members in the Golden Visa Programme in Greece:
– You and your family can be accompanied by your family members who are granted an individual residence permit upon request.
– Family members include your spouse, the other spouse or partner with whom you have entered into a cohabitation agreement in Greece, unmarried children under 21 of the spouses or partners, and direct ascendants of spouses or partners.
– These family members have the possibility to enter Greece even after you, the main applicant, have entered.
– They’ll be granted a residence permit that’s valid for the same duration as yours, but it doesn’t provide access to the labor market.
– After the age of 21, the children can further renew their residence permits until the age of 24.
Duration of Residence Permit
The duration of the residence permit in the Golden Visa Programme in Greece is five years. During this time, you’ll have the freedom to access and move within all Schengen countries for up to 90 days per semester.
However, it’s important to note that the residence permit doesn’t grant you the right to work, except as a company shareholder, a member of the Board of Directors, or the CEO of a company.
The great news is that you can renew the residence permit as many times as you wish, as long as you continue to own the property and the necessary contracts/leases remain in force. Even periods of absence from the country won’t affect your ability to renew the permit.
Just remember, if you decide to sell the property, the new buyer won’t be entitled to a residence permit. Enjoy your five years of freedom and flexibility in Greece!
Renewal Process and Conditions
When renewing your residence permit in the Golden Visa Programme in Greece, it’s important to meet certain conditions. First, you must ensure that the real estate remains in your ownership and jurisdiction. Additionally, the prescribed contracts or leases must remain in force. It’s worth noting that any periods of absence from the country don’t impede the renewal of the residence permit.
However, it’s crucial to remember that the resale of real estate during the validity of the residence permit to another third-country national doesn’t entitle the new buyer to a residence permit.
Cost Calculation and Taxes for Golden Visa Programme in Greece
You can calculate the costs and taxes associated with the Golden Visa Programme in Greece by considering factors such as property value and transfer tax rates. The property’s annual ENFIA tax can be calculated using an application that takes into account the transfer tax and municipal charges.
VAT has been replaced by a lower transfer tax for property purchases, and the transfer tax can be zero if the property is the buyer’s primary residence. Municipal charges can increase the transfer tax by up to 10%.
To qualify for first residence acquisition, the buyer shouldn’t already own a property that meets their housing needs. Notary fees and additional expenses, such as fixed fees and proportional fees based on the total value declared in the contract, should also be considered.
So, if you’re looking for a way to obtain residency in Greece and enjoy the benefits of living in the Schengen area, the Golden Visa Program is the perfect solution for you.
With its eligibility requirements, investment options, and property ownership criteria, this program offers stability and the opportunity to explore all that Greece has to offer.
Don’t miss out on this chance to obtain your residence permit and start a new chapter in Greece.