4 major benefits for the Golden Visa Greece owners
The short answer to why one should issue a golden visa is the possibility of visa-free travel throughout Europe, tax relief, and acquiring European citizenship at a relatively low price. And if you were already impressed by the benefits, see the rest in detail below.
Visa-free travel in Europe
All residents of a European country, including golden visa holders, have the possibility to travel without a visa to all countries that are part of the Schengen Agreement, but also to 6 European countries that are not part of the Agreement. Said applies to short visits of up to 90 days every six months.
The length of stay is calculated cumulatively for all Schengen countries. For example, within half a year one can travel 30 days to Greece, 15 to Spain, 10 to Italy, 5 to France, 10 to Austria, 10 to Germany, and 5 to the Czech Republic. The flexibility of visa-free travel in the European Union is an incentive for most people interested in these programs.
Golden visa Greece: Possibility of permanent residence
However, in addition to traveling to all Schengen Zone countries, some residency by investment programs have special advantages. For example, a golden visa Greece holder can travel visa-free to Croatia, Cyprus, and Romania. What’s more, the investor can stay in each of them for 90 days.
In addition, holders of a Greek Golden visa can obtain a permanent residence permit. To do this, they must be in possession of the investment they made and reside in the country for at least five years. During these five years, they must be present in the country. If they leave, their absence should not last more than six months. Within five years, they can be absent for ten months in total.
Tax relief
Another great advantage that results from participating in a residency by investment program. For example, Greek golden visa holders transferring their tax domicile to Greece pay only €100,000 a year, whatever their income from global activities may be. If you have other family members in the country such as children, spouses, and biological parents, you pay €20,000 for each member.
To become a tax resident one must spend 183 days in the country. This particular advantage makes Greece very popular with IT specialists who can work remotely.
Tempted already? Find out golden visa Greece requirements
If you are tempted, visit the Hellenic Ministry of Migration and Asylum to learn more about golden visa Greece requirements. Consequently, seek a trustworthy and experienced law firm distinguished for its integrity and efficiency to assist you with the required procedure.
The prospect of acquiring European citizenship
A European citizen is undeniably a citizen of the world. Why not have that quality too? Whichever residency by investment program you invest in, you can obtain European citizenship. For example, in the case of the Greek golden visa, things are quite simple: €700 fee and two simple conditions are enough to be a Greek citizen.
- Continuous stay in the country for seven years. The holder of a golden visa receives a residence permit for 5 years, which must be renewed only once. The conditions for his relatives, who wish to obtain citizenship are different, as they must stay for at least 12 years.
- Creating ties with the country and integrating into it. To do this investors take exams in language, culture, history, geography, and government structure. The exam consists of 40 questions, an essay, and an oral exam.
Investing in such a program comes with several benefits for the investor. In most cases, the process is simple and fast. So all you have to do is look for how to get golden visa and enjoy the advantages of being a European citizen.
