Buying a house to settle in Greece (EU)

The Greek Golden Visa program, established in 2013 under Greek Law 4146/2013, is a residency through investment program for non-EU citizens. Here are some details about the program:

1. Investment Options :

   • Purchase real estate worth at least €250,000, increasing to €500,000 for certain areas such as Athens and Thessaloniki.
   • Invest at least €400,000 in Greek companies, real estate investment firms focused on Greece, or alternative investment funds.
   • Invest in government or corporate bonds, with a minimum investment threshold of €350,000 to €800,000.
   • Deposit a fixed amount of €500,000 in a Greek bank.

2. Benefit :

   • A residence permit is issued for 5 years and can be renewed every 5 years.
   • Visa-free travel is available within the Schengen area.
   • There is no minimum residency requirement in Greece.
   • Family reunification, including spouse, children under 21, and dependent parents.
   • The Greek real estate market has potential for growth and rental income.

3. Application Process :

   • Obtain a Greek tax identification number and open a bank account in Greece.
   • Prepare the necessary documents.
   • Make eligible investments.
   • Apply for and receive a Greek Golden Visa.

4. Permanent Residency and Citizenship :

   • After residing in the area for five years, investors can apply for permanent residency.
   • After 7 years, it is possible to apply for citizenship, which includes passing a test on Greek language and culture.

5. Condition :

   • Applicants must be non-EU/EEA citizens, over 18 years of age, have a clean criminal record, and have health insurance for themselves and their family.
   • For family reunification, proof of family relationship is required.

6. Expense :

   • The residence permit application fee for the principal applicant is €2,000, plus other costs for family members.
   • Legal and professional service fees vary depending on the service provider.

7. Restrictions on Eligibility :

   • Some nationalities, such as Russian and Belarusian, may not be eligible to participate in the program.

The Greek Golden Visa program stands out with its low investment threshold compared to other Golden Visa programs in Europe, its fast processing time, and the absence of a minimum residency requirement to maintain residency status. This offers significant flexibility for investors.

Greece attracts investors and those wishing to settle for a number of reasons, including:

1. Stable and Growing Real Estate Market : Greece boasts a rich and diverse real estate market, ranging from Mediterranean island resorts to historic areas in Athens. This market has experienced stability and growth, attracting the attention of international investors.

2. Diverse and Rich Living Environments : Greece offers a range of living options, from tranquil islands to vibrant urban areas, catering to a variety of lifestyles.

3. Friendly and Open Business Environment : Greece is known for the friendliness and openness of its people towards investors. The country has also implemented economic reforms to attract foreign investment.

4. Strategic Geographic Location : Greece is strategically located at the crossroads of Europe, Asia, the Mediterranean, and Africa, making it an international business hub and gateway to numerous markets.

5. Tax Advantage : Greece offers an attractive fixed income tax regime, especially for pensioners and those with foreign income, allowing them to enjoy a Mediterranean lifestyle without paying significant taxes on foreign income.

6. Golden Visa Program : This program provides a five-year, renewable residency right, along with unlimited travel within the Schengen area. Greece does not require Golden Visa holders to have a minimum residency period to maintain their residency status.

7. Foreign Community : Greece has a diverse foreign community, including Germans, French, and Americans, who are particularly interested in buying or renting property, as well as traveling and investing.

8. Modern Infrastructure : Greece has significantly upgraded its transportation, education, and healthcare infrastructure over the past two decades, providing high-quality services for residents and visitors.

With these advantages, Greece is not only an ideal destination for investment but also offers a high quality of life for those who wish to settle there.

KeyApply – The Gateway to the Future in Greece!

Are you looking for opportunities to settle in Greece? Let KeyApply be your guide! With our experience and professionalism, we provide top-tier investment immigration consulting services, helping you and your family open new doors in this beautiful country.

Greek Investment and Residency Consulting Services:

• We provide advice on selecting properties that fit your budget and requirements.
• Providing legal and financial support throughout the investment process.
• We will support you every step of the way through the residency application process.

Benefits of Investing for Residency Through KeyApply:

• The procedure is quick, simple, and transparent.
• A wide variety of property options are available, from modern apartments to luxurious villas.
• Full support from property search to receiving the keys.

KeyApply – Your Trusted Partner:

• A team of experienced and enthusiastic professionals.
• Reliability and effectiveness have been proven through numerous successful projects.
• Our attentive customer service team is always ready to assist with any of your requests.

Sign up for a consultation today! Contact us for detailed advice on the Greek investment residency program and begin your journey to a bright future in Greece!