OFFICIAL WEBSITEGREECE ECONOMIC CITIZENSHIP BY INVESTMENT______________________. You are likely to be able to invest in publicly traded bonds and shares, as well as in Greek real estate, to get residence. Its official language is Greek and its official currency is the Euro (EUR). The above visa is issued free of charge, on the procurement of the decision of the Interministerial Committee of Strategic Investments, which characterizes the investment as "Strategic Investment" and the motion of the Secretary-General for Strategic and Private Investments referring to the relation of third country nationals with the entity realizing the strategic investment . Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Venture Capital Company (VCC) under article 5 of Law 2367/1995 (OJHR A-261) for the acquisition of stock, or capital contribution to a Venture Capital Fund (VCF) under article 7 of Law 2992/2002 (OJHR A-54) for the acquisition of stock, provided that the object of the said Alternative Investment Funds (AIF) is to invest exclusively in companies headquartered or established in Greece. (We are a designed Agent of the Government.). Enterprise Greece is the official agency of the Greek State, under the auspices of the Ministry of Foreigh Affair, to promote investment in Greece, exports from Greece, and make Greece more attractive as an international business partner. 8. The visa is granted for five years and renewed every five years if the property investment is retained. 6. The Golden Visa Program in Greece is an investor visa and it can be renewed indefinitely as long … Greece offers investors an affordable and straightforward option to acquire Greek residency and by extension, visa-free travel access to the Schengen countries and is one of the most effective residency by investment programmes. Full Investment: € 250,000: For a full breakdown of the government fees, legal fees and other fees payable, please contact us. Greece introduced the law No 4251/2014 that allows citizens from any non-European countries to acquire a European residence permit by investment, granting them free movement to travel within the Schengen Zone. "The resale of the real estate property during the period of validity of the residence permit, to another third-country national shall provide the right to the granting of residence permit to the new buyer with simultaneous withdrawal of the vendor's residence permit.". GCI - Global Citizenship by Investment is the first to offer this opportunity to secure a highly respected passport around the world. The Directorate for Migration Policy of the Ministry of Migration Policy is responsible for the examination of the application and the decision on the issue or the renewal of the residence permit for the realization of investment activity. The Immigration and Social Integration Code (Law 4251/2014, Government Gazette 1, no 80) contains provisions that facilitate the stay of third-country investors, whose investments are characterized as strategic investments, via the provision of extended stay time limits for the representatives of investment bodies and their partners. Greece is a member country of the Schengen Area since January 1, 2000. By decision of the Secretary General of the Decentralized Administration, residence permit for five years, subject to renewal, is granted to a third country national who: (a) has legally entered the country with any type of visa or legally resides in the country, even if the type of residence permit that he possesses, does not permit change of purpose. APPROVED INVESTMENT OPTIONS. €250,000 investment in real estate, anywhere in Greece Children under 21 included together with your spouse and both sets of parents 3 to 6 months to residency for the applicant and dependents The official language is Greek and English is the most widely spoken foreign language. Family members shall mean: a. 24 (Official Government Gazette Α΄ 84) to a beneficiary’s bank account held in a payment service provider, as defined by Law 4537/2018 article 4 par. The visa is granted for five years and renewed every five years if the property investment is retained. The political system is a parliamentary republic. The Gross Domestic Product (GDP) is €176.023 billion, as per 2015. In the residence permit of third-country nationals referred to in paragraph 1 of this Article, it shall be stated “Residence permit for investment activity "and in the" Remarks " the professional status of the holder shall be referenced. First of all, the applicant must apply for an entry visa to Greece through the standard visa procedure. 1, in the Joint Ministerial Decision. View costs. There is no minimum stay requirement and children up to the age of 21 are included in the family application. Greece holds 21 seats in the European Parliament and held the revolving presidency of the Council of the EU 5 times between 1983 and 2014. Residence permits to investors/real estate owners - Top 10 countries, Source: Ministry οf Migration and Asylum General Secretariat for Immigration Policy, Residence permits to investors/real estate owners per year, Source: Ministry οf Migration and AsylumGeneral Secretariat for Immigration Policy, Residence permits to investors/real estate owners and their families per year. III. Greece is one of the nicest country in Europe that has amazing investment opportunities. Our clients are successful businessmen and their families you think smart about their future. The above third-country national may be accompanied by the members of his family to whom, at their request, an individual residence permit is issued, that expires together with the residence permit of the sponsor. Above all, The program entails investing in Real Estate and some other forms of investment. Invest € 250,000 in real estate and get a residence … Please download here the whole of Law 4251/2014 "Immigration and Social Integration Code and other provisions", which includes all other categories of residence permits. Investing in Greece and especially Athens, has gained significant traction and popularity with the ever-increasing demand from International investors, to buy Greek properties as a tool to enter the Golden Visa residency-by-investment Programme. Residency by investment programme overview . The application and the required documents, as specified by the Joint Ministerial Decision, referred to in paragraph 12 of Article 136, are submitted to the Greek Consular Authority of the area of residence of the interested persons, which, within one month, forwards them to the Directorate of Foreign Investments of the Ministry of Economy and Development.The above Directorate, within a month, examines the application and forwards the relevant motion to the competent Consular Authority in order for the required national visas to be issued. 2. 3. The session cookie is required for authentication, preference tracking, and other necessary functions to fully engage with this website. The Greek Immigration by Investment programs provide for affluent persons of impeccable standing and repute, including their families, to receive the Greek residency or citizenship (EU passport) on the basis of an investment in Greece. Living & Working: Residents may only live in Greece. To the third-country national, to whom has been granted a visa for the realization of an investment, a residence permit shall be granted for the same reason, on procurement of the required documents. (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. Purchase of shares of an acquisition value of at least four hundred thousand (400,000) euros in a mutual fund, which has been established in Greece or another country and whose object is to invest exclusively in shares, corporate bonds or Greek Treasury bonds that are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece. Remove Cookies The Greek residency-by-investment programme is considered one of the most affordable programmes providing fast-track access to Europe within 2-3 months. Residency by investment in Greece. Click here to see full Cookies Table. GREECE PERMANENT RESIDENCY: Methods of Investment for Permanent residence permit : - Investment in real estate by 250,000 Euros. Greece citizenship is an perfect Option for EU and on the same Level of visa free Countries, like Germany. 2. In an effort to handle the ever-increasing demand for residency by investment applications, the Greek government has announced some interim measures in order to lessen the processing times of investor Golden Visa applications. The above permit may be renewed for an equal duration, each time, provided that the real estate property remains in the ownership and possession of the third-country national or the agreements of paragraph 1 of this remain in force and all other requirements, provided by law, are fulfilled. In all other cases of joint ownership, the right of residence is granted only if the joint ownership rate of each joint owner is worth 250,000 euro. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a company headquartered or established in Greece, except for Holding Companies and Real Estate Investment Companies, for the acquisition of stock in a capital stock increase or bonds upon the issuance of a bond loan, which are listed for trading in regulated markets or multilateral trading facilities operating in Greece. This decision can be reversed. It is a cradle of democracy, philosophy, western literature, drama, mythology, science, Olympic Games etc. TCME - Group worldwide with its Departments GCI - Global Citizenship Investment, Offshore Company Formation, Eastern European Investment, executive Search, IT & Cyber Security Protection, Foreign Economic Relationship is a global leader when it comes to this matter, they know everything about planning second residence and citizenship. Please download here a Brief Guide to Residence Permits for real estate owners in Greece, edited by Enterprise Greece, in the following languages:English, Greek, Chinese, Russian, Arabic and Turkish . Suitable for: Individuals who are looking for permanent residency for themselves and their families in an EU country, but who are also looking for opportunities that’ll yield good returns. Third country nationals, being subject to Chapters A and B of this Article and legally residing in the country, are not obliged to leave Greek territory in order to apply for a residence permit. This decision can be reversed. YOUR CHANCE FORA BETTER LIFE (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. Greece offers a straightforward residency route, with no minimum stay requirement. This is granted through the Greek embassy or consulate within the home country of the applicant. The lawyer will later assist in paying the taxes related to the property purchase. Greece is home to a population of around 11 million, known for embracing a peaceful and a culturally rich nation. 5. (d) has concluded an agreement for at least a ten year lease of hotel accommodation or furnished tourist residences in tourist accommodation complexes, pursuant to Article 8 par. The Greek Golden Visa Program is the lowest cost residency program within the European Union, offering fast access to the European Schengen Area. 3. The above third-country nationals, by way of derogation from the provisions of Article 70, par. Other important cities are Thessaloniki, Patras, Heraklion and Larissa. Term deposit of at least four hundred thousand (400,000) euros, in a domestic credit institution, for at least one year, with a standing renewal order. 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