Greece Golden Visa

Golden Visa Greece program is a residency by investment program that provides opportunities for foreign investors to obtain Greek residency permits in exchange for investments in the Greek economy. The program was launched in 2013 and has since become one of the most popular residency by investment programs in Europe, attracting investors from all over the world.

What Is the Golden Visa Greece Program?

Golden Visa Greece program is a residency by investment program that offers foreign investors the opportunity to obtain Greek residency permits in exchange for investments in the Greek economy. The program was launched in 2013 and has since become one of the most popular residency by-investment programs in Europe, attracting investors from all over the world.

Under the program, foreign nationals who make qualifying investments in Greece are eligible to receive Greek residency permits for themselves and their families. These residency permits allow investors to live, work, study, and travel freely within Greece and throughout the Schengen Area—a group of 26 European countries that have abolished border controls between them.

What Are the Benefits of the Golden Visa Greece Program?

Greece Golden Visa provides investors with a number of benefits, including: 

• The ability to live, work, study, and travel freely within Greece and throughout the Schengen Area;

• Access to high-quality healthcare and education;

• A tranquil Mediterranean lifestyle;

And much more.

In addition, as Greece is a member of both the European Union (EU) and the Schengen Area, residents of Greece are also able to live and work freely in any other EU or Schengen country.

Who Is Eligible for the Golden Visa Greece Program?

To be eligible for Golden Visa in Greece, applicants must meet one of the following investment criteria:

• Purchase property in Greece worth €250,000 or more;

• Make a €400,000+ capital investment into a Greek company;

• Deposit €400,000 or more into a Greek bank account; or                              

• Invest €1 million or more intoGreek government bonds.

But that’s not all—applicants must also meet certain additional requirements, which include having a clean criminal record and being financially self-sufficient (i.e. having enough money to support themselves without working). Lastly, applicants must be physically present in Greece for at least seven days per year during their first two years as residents. After that period has passed, there is no minimum stay requirement.  

What Are the Requirements for the Golden Visa Greece Program?

Foreign nationals who wish to apply for Greek residency through the Golden Visa must meet certain requirements, which include making an eligible investment into the Greek economy and having a clean criminal record. In addition to meeting those requirements, applicants must also be physically presentinGreceforatleast part of each year during their first two years as residents. Permanent residency can be obtained after seven years, and after 10 years can obtain Greece citizenship by investment.

What About Taxes for Greece Golden Visa?

Many appealing tax rules have been enacted in order to attract international investment. The double taxation agreement is one of these laws. Apart from becoming a part of the ever-expanding Greek real estate industry and reaping the rewards that come with it. According to the Greek Double Taxation Treaty, money earned outside of Greece while resident in the country is not subject to taxation. That is, you may continue to operate any company you have from outside Greece while receiving tax-free foreign revenue. It appears to be too wonderful to be true, yet it is.

Theoretically, when you do not stay in Greece, you are exempt from paying taxes. However, tax preparation is still necessary, especially if you want to become a citizen. In that instance, you should pay the taxes for the next seven years.

This procedure might be perplexing, but with the correct expert assistance, has become simpler to traverse.

The Ministry of Finance recently introduced legislation that will adopt a 7% flat income tax rate for foreign retirees. Foreigners who relocate their tax domicile to Greece will profit from this law.

If you’re looking for an opportunity to invest in Europe while also enjoying all the benefits that come with living there—such as visa-free travel to more than 170 countries around the world—then you should definitely consider applying for Golden Visa in Greece. With its low minimum investment requirements and numerous benefits, it’s one of the most attractive residency by investment programs available today!

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Created on Nov 21st 2022 11:49. Viewed 276 times.

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