Investment programs in Greece: The real benefits
There are several reasons why a person should go after a golden visa or residence/ citizenship by investment programs as also known. Global volatility, a world that is constantly shifting and fiscal uncertainty are part of the modern era reality. The need for a safety plan emerges and motivates investors to proceed with golden visa programs.
First things first, let’s see how it all began. Investment programs such as these are neither new nor exclusively European. It all began back in the 1980s when Pacific and Caribbean countries, such as St. Kitts and Navis offered to wealthy foreigners citizenship or residency programs. It was a matter of time that the programs would become widespread since they are mutually beneficial. The developing countries have been flourishing and the investors have gained a wide variety of benefits such as below mentioned.
Return on Investment
The gains when investing in a program like that are noticeable especially when one chooses to invest via the real estate sector. Not only can one make a safe placement of his money, but also have property in another country. In fact, in several cases it is not required to visit the respective country and the investor is allowed to sublet the property.
Golden Visa Greece: Move all over Schengen area
When one chooses a golden visa Greece gains access to a beautiful country like Greece. Additionally, one can travel from their country of origin to any other Schengen zone country (Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and Switzerland) most of which are members of the European Union, except for 4 of them (Iceland, Norway, Switzerland, Liechtenstein).
Citizenship in 7 years
Should you obtain a Greek golden visa, you have the right to apply for citizenship after having resided in the country for 7 years. This way you become an EU citizen. Simply put you can live, study, and work in any other EU country and you can travel all over Europe without the need for a visa. What’s more, all dependent members of a family can apply after the main applicant, if they are under 18 and not married.
Golden Visa Greece requirements
First of all, after your application is filed, it takes only two months to be issued. Especially in case you work with a trusted and flexible law firm, which conducts the procedure having as top priorities the principles of transparency and safety.
Now, when it comes to the golden visa Greece requirements first and foremost you shouldn’t be an EU or a European Economic Area citizen. Secondly, you should be at least 18 years old. Additionally, you should have a clear criminal record for yourself and your family. In addition, there are several different requirements depending on the type of investment you choose; real estate or other financial investment.
1)Real Estate Investment
A minimum of 250,000€ purchase of a property in Greece. This might be in one property or a combination of properties, whose total equals to 250.000€. There are now prerequisites regarding the state of the properties, or how old/ new they should be. There is also the option to invest in land, in residential or commercial properties. In case you buy land, the total investment value (including the construction) should be more than 250.000€. When it comes to commercial properties, there is the possibility of either buying a leased property or renting it. The latter case could be either accommodation for denizens or tourist residences.
2) Other financial investments
These include a minimum 400.000€ investment in Greek Government bonds, bonds or shares of real estate companies in Greece, or shares and bonds of funds and private equity with headquarters in Greece.
It might seem that there’s a lot of paperwork and a combination of laws to be followed to proceed in such an investment. But if you turn to a Law Firm with expertise on how to get golden visa, you may rest assured that everything will be in order.