Golden Visa Greece

06/03/2021

Greece is a unique destination and an ideal place to stay.

Despite its small size, the country features areas of exceptional natural wealth, ideal for escapes to both picturesque islands and imposing mountains.
The country’s stunning topography offers a wide range of entertainment options. Also, the Greek lifestyle, which blends ancient and modern culture, makes Greece an extraordinary destination.

Nowadays, Greece is an attractive place for investment, as it offers entrepreneurs a variety of investment opportunities that stem from the country’s strategic geographical location and unique competitive advantages. Greece is a natural gateway to the markets of Southeast Europe and the Eastern Mediterranean, areas with more than 140 million consumers and a GDP of almost 1 trillion euros.

04/03/2021

Why Greece?

With more than 16,000 kilometers of coastline, more than 6,000 islands and islets, and a well-established tourism industry, Greece presents a prime investment opportunity in the Tourism sector.

The country is one of the top global tourism destinations for sun and beach holidays and provides attractive propositions for year-round themed holidays. The competitive advantages of Greece, such as rich cultural heritage, natural beauty and geographical variety, have been attracting significant tourism investments in recent years, thus further strengthening Greece’s image as an ideal destination both for holidays and tourism-related investments.

Even during the financial crisis of the last decade, the tourism industry in Greece has been one of the mainstays of economic growth and employment, with a continued growth in tourist arrivals and revenues driven mainly by:

the determined efforts of Greek tourist authorities and associations to upgrade the tourist product offering the development of key, new markets such as Russia, Israel, Turkey and China.

The tourism industry is currently undergoing a major strategic improvement initiative, focusing on the expansion of the tourist period, the attraction of higher-value tourist segments, the increase of average daily spending and the opening of new tourist markets.

Over the next years, Greece is poised to make significant investments in the tourism industry, focused on transforming the traditional “sun & beach” tourist product into a number of higher-value, more focused products, centred around:

Thematic sun & beach tourism, where specific “themes” such as wellness, romance or luxury are used to add value and to extend the typical sun & beach holidays.

Nautical tourism, both in terms of attracting a larger amount of cruise liners and in terms of extending the offering for yachting/ sailing holidays.

City break tourism focused mainly around the two main cities of Athens and Thessaloniki.

Cultural and religious tourism, upgrading and leveraging the several historical, heritage and religious monuments and museums of Greece.
Medical tourism which presents an exciting growth opportunity, through leveraging the skilled Greek medical personnel combined with investments in existing facilities and infrastructure.

Meetings and Incentives (MICE) tourism positioning Greece as a major meeting and conference center for regional associations and companies.
Sports tourism (e.g. golf, training activities etc.), as tourism experience is increasingly associated with athletic activities, either directly or indirectly. This particular form of tourism has also proven helpful in terms of developing existing or new tourism destinations, attracting HNWI and eliminating seasonality.

Integrated resorts – holiday housing new developments in existing and new tourism destinations taking advantage of the existing legislation for the development of integrated resorts and for the acquisition of residence permits by non-EU citizens who invest in real estate.

The upgrading of the tourist product is supported by a number of initiatives by the Greek state, the Greek National Tourism Organization, the relevant business associations, and the regional authorities and municipalities, and is considered to be a strategic avenue for growth in the Greek economy.

03/03/2021

Who Is Eligible for a Greece Golden Visa?

Eligibility criteria for a Greek Golden Visa are:

You must be over the age of 18.

You must not have any history of criminal records, in any country in which you have lived.

You must make a significant investment in Greece (see the investment options below).

You must have obtained health insurance from a company operating in Greece.

Investment Options for the Golden Visa for Greece

To qualify for a Golden Visa for Greece, you must make one of the following investments:

Purchase a real estate property worth at least €250,000

Sign a lease agreement with a hotel or tourist establishment for at least 10 years

Make a capital investment of at least €400,000 in a company registered in Greece

Make a €400,000 investment in Greek government bonds.

Make a €400,000 investment in bonds or shares of real estate investment companies.

Make a €400,000 deposit in a Greek bank.

Make an €800,000 investment in corporate or government bonds.

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01/03/2021

There is no doubt that there is still a large market for Greek Golden Visas among well-off families in China. The value offered by the Greek investment visa could shift demand to Greece from less expensive programs in the Pacific and the Caribbean. Greece offers visa-free travel and residency across the Schengen area of the European Union.

https://greekreporter.com/2020/06/24/chinese-surge-for-greeces-golden-visa-expected-post-covid-restrictions/

28/02/2021

A. "Permanent residence permit of the investor." (Article 20)

1. 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.
(b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. In the case of jointly owned property, worth 250,000 euro, the right of residence is granted only if the owners of the property are spouses with indivisible shares in the property. 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.
(c) has the full ownership, possession and peaceful enjoyment of real estate property in Greece via a legal entity, whose shares are fully owned by him.
(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. 2 of Law 4002/2011 (Government Gazette 1, no 180).
(e) has concluded a time sharing agreement pursuant to the provisions of Law 1652/1986 "Time sharing agreement and related issues" (Government Gazette 1, no 167), which is in force.

2. The minimum value of the real estate property, as well as the contractual consideration of hotel accommodation or tourist residences leases of this Article, is determined at two hundred and fifty thousand (250,000) euro and must have been paid in full upon the signing of the contract.

“ The consideration is paid by a crossed bank cheque to a bank account of the beneficiary, held in a credit institution operating in Greece or with a credit transfer, as defined by Law 4537/2018 article 4, par. 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. 11 operating in Greece”.

By joint decision of the Ministers for the Interior and Finance, the value of the above real estate property may be adjusted and shall result from the property value stated in the contracts or from the lease agreements.

3. Το third country nationals, real estate property owners, the possibility of leasing that property is granted.

4. 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.
Family members shall mean:
a. Spouses
b. the other spouse or partner with whom a third-country national has a cohabitation agreement in Greece
c. The direct unmarried descendants of the spouses, who are under the age of 21
d. the direct unmarried descendants of the supporter or of the other spouse/partner , provided that their custody has been legally entrusted to the sponsor (for his/her children) and to the other partner (for his/her children), under 21 years of age
e. the direct relatives of the spouses in the ascending line.

5. 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. Periods of absence from the country shall not disrupt the renewal of the residence permit.
"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."

6. The residence permits, being granted pursuant to the paragraphs 1 and 4 of this Article, do not establish the right of access to any form of employment.

28/02/2021

Greece Golden Visa – How to Get Permanent Residency and Citizenship

The Golden Visa for Greece is one of the most popular investment visa programs in the EU. It is a residence-by-investment visa, issued to non-EU citizens who make a significant contribution to the Greek economy. There are several investment options, but the most common route is through purchasing real estate worth at least a quarter of a million.
Golden Visas issued by the EU Member States such as Greece are especially coveted, as they may eventually lead to citizenship and thus access to the EU.
The Greece Golden Visa offers immediate five-year residency to the investor as well as their immediate family members, as well as free travel in the Schengen Zone.

https://charitoslaw.gr/

28/02/2021

The minimum value of the real estate property, as well as the contractual consideration of hotel accommodation or tourist residences leases of this Article, is determined at two hundred and fifty thousand (250,000) euro and must have been paid in full upon the signing of the contract.

“ The consideration is paid by a crossed bank cheque to a bank account of the beneficiary, held in a credit institution operating in Greece or with a credit transfer, as defined by Law 4537/2018 article 4, par. 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. 11 operating in Greece”

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