We’ll go through the application process for a Greek golden visa scheme in this post.
Besides that, we’ll cover other topics like:
- requirements for Greece Golden Visa
- Greece Golden Visa processing time
- Greece Golden Visa mortgage
- Greece Golden Passport
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This includes if you are looking for a second opinion or alternative investments.
Some of the facts might change from the time of writing, and nothing written here is formal advice.
For updated guidance, please contact me.
How do I get a golden visa for Greece?
- Secure a Greek tax ID number.
- Set up a bank account in Greece.
- Obtain the necessary paperwork, such as investment evidence, a current passport, a spotless criminal record, and health insurance.
- Select an investment option that qualifies, like buying real estate, leasing a hotel or other tourist destination, or investing capital in a business that is registered in Greece.
- Submit application for a Greek national visa.
- Finalize your Greek investment.
- Provide biometric information to the appropriate Greek authorities if the visa is granted.
- Await the processing of your visa and obtain your Golden Visa residency permit.
Greece Golden Visa Eligibility
Applicants must be at least 18, have no criminal history in any of their home countries, and exhibit good character to be qualified.
They, too, must make a qualifying investment in Greece as defined by the government and present documentation of it.
A private Greek health insurance policy that covers the applicant and their family is also required.
Greece Golden Visa Requirements
Among the necessary documents are:
- 2 copies of the application form
- The Schengen Visa requires four recent color passport photos.
- A certified copy of every page of a valid passport.
- If applicable, certified documentation of the applicant’s and their family’s current Schengen visa.
- Verified proof of the current health insurance from Greece of the applicants and their family members.
The Golden Visa program allows free travel within Schengen, plus residency for the investor and their immediate family for five years. Citizenship may be applied for following seven years of residency.
Greece Golden Visa Investment Options
Eligible investments include:
- buying property for at least 250,000 euros
- committing to a 10-year lease with certain facilities
- injecting at least 400,000 euros into a Greek-registered business, government bonds, or stocks and bonds issued by real estate investment firms.
Greece Golden Visa Processing Time
The average turnaround time from application submission to approval is three to four months.
It is regarded as one of the most affordable residency-by-investment programs that provides entry to Europe.
During this period, successful applicants and their families are granted entry to the Schengen Area without a visa.
Processing times might differ based on the accuracy of the application and the volume of work of the authorities.
Greece Golden Visa Mortgage
Local banks and financial institutions offer mortgages for real estate investing under the program.
Nonetheless, the investor’s personal assets or funding from abroad must cover the entire minimum qualifying real estate investment.
Only sums above the investment minimum required can be covered by Greek institution mortgages.
Greece Golden Passport
After seven years of residency, investors can apply for Greek citizenship through the Greece Golden Passport program. This grants:
- access to the local welfare system
- the ability to vote
- visa-free travel to 185 countries.
This scheme places more emphasis on citizenship while the golden visa program in Greece concentrates on residency.
This might be an alternative if you’re thinking about living in Greece.
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