Greece

Greece, officially the Hellenic Republic is located at the crossroads of Europe, Asia and Africa. Considered the cradle of western civilization, Greece is where democracy was born. The country is known for its contribution to western philosophy, science, literature, mathematics, astronomy and art. It’s rich cultural heritage is reflected in the fact that the country is home to 18 UNESCO World Heritage sites. Olympic Games were first held in Greece, at the city of Olympia in 700 BC.

With a population of just over 10 Mn., Greece is a Parliamentary Republic with its capital at Athens. It boasts of the longest coastline in Europe and is also one of Europe’s most mountainous regions.

A founding member of the United Nations, Greece was the tenth member to join the European Communities (precursor to the European Union). Greek is the official language. The country offers high levels of safety and security, excellent healthcare and a robust legal environment.

The city of Athens was also at the heart of Ancient Greece, a powerful civilization and empire. It is still dominated by 5th century BC landmarks, including the Acropolis, a hilltop citadel topped with ancient buildings like the colonnaded Parthenon temple. The Acropolis Museum, along with the National Archaeological Museum, preserves sculptures, vases, jewellery and more from Ancient Greece.

Santorini is where many Hollywood and Bollywood movie scenes have been shot - a Greek island in the middle of the Aegean Sea. In the 14th century, a massive volcanic eruption caused the middle of the island to fall into the sea. It left a steep-edged crater known as a caldera peeping above the waves, which to-date is one of the most spectacular sight from the island’s clifftops. It is one of world’s top-10, most photographed spots.

Top reasons why foreign investors choose Greece Residency:

  • Visa-free travel within Europe’s Schengen Area
  • Strategically located in the Mediterranean - great business location and warm climate
  • The program allows renting out the investment property/ies
  • No requirement to reside in Greece
  • Quick processing - approvals received within 90 days
  • Residence applicable to the whole family (married spouse, children under 21 years old, and parents of the main applicant and spouse)

Golden Visa Program

The Greece Golden Visa Program is considered one of the most affordable residence-byinvestment programs that provide access to Europe. Successful applicants and their families are able to benefit from visa-free access to Europe’s Schengen Area within two months of applying. The processing times for this program varies from 30-90 days from application. This program is most beneficial for foreign investors who would like to travel visa-free in the EU and trade with other businesses in the region. The program does not allow the investor to be employed in Greece.

Key Requirements

Investment
€250,000 (+ applicable taxes) in real estate
24% VAT for new properties built after 2006
3.09% Property Transfer Tax for older properties (built before 2006)
3.09% Property Transfer Tax for all resale properties
Minimum Age
21 years
Must Haves
Health Insurance for the entire family at all times Valid Schengen Visa to commence the process at Greece Clear background check
Includes
Spouse/partner and any children under the age of 18
Investment Period
Permanent
Permanent Residency
Permanent (No expiry date, does not have to be renewed periodically)
Stay Requirement
None
Citizenship
After 7 years of Permanent Residency Have integrated into the Greek society, both financially and socially Have adequate knowledge of Greek