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The Benefits of a Greek Residency by Investment

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The Benefits of a Greek Residency by Investment 1

The Benefits of a Greek Residency by Investment 2

Background on Greek Residency by Investment

Greece has been offering residency by investment since 2013. This program was created in response to the financial crisis that hit the country in 2010. The goal was to attract foreign investment and stimulate economic growth. The Greek residency by investment program offers non-EU citizens a five-year residency permit in exchange for a minimum investment of €250,000. Investors are allowed to renew their residency permit as long as they maintain their investment in Greece. Enhance your study and expand your understanding of the subject with this specially selected external content. residency by investment in greece https://mirabelloconsultancy.com/greece-golden-visa/, uncover fresh viewpoints and supplementary details!

Greece’s Strategic Location

Greece is strategically located at the crossroads of three continents – Europe, Asia, and Africa. This makes it an ideal location for investors who want to expand their business globally. The country has a highly-developed shipping industry and is becoming a hub for renewable energy investments. The Golden Visa program offers investors the ability to gain access to a market that is highly positioned for growth.

The Benefits of the Golden Visa Program

Greece offers a number of benefits to foreigners who invest in the country. One of the biggest advantages is the ability to live, work, and study in Greece, as well as travel within the EU Schengen zone without the need for a visa. The program also allows investors to bring their family members, including their spouse, children up to the age of 21, or dependent parents to live with them in Greece.

Real Estate Investment Opportunities

The most popular way to invest in Greece is through real estate. Property prices in Greece have been hit hard by the financial crisis, making it an affordable location for investors. With the residency by investment program, investors can purchase a property for a minimum of €250,000, which can be rented out, generating income while the investor maintains their residency permit. Investing in real estate in Greece also offers the potential for price appreciation as the economy continues to recover.

Investment Options

Aside from real estate investments, there are other options for investors who want to participate in the Golden Visa program. These include:

  • Investing at least €400,000 in Greek government bonds
  • Investing at least €400,000 in a Greek business or in a venture capital fund that will invest in Greek companies
  • Investing at least €800,000 in bank deposits, share capital, or other securities of Greek companies or funds investing exclusively in Greece
  • The Application Process

    The application process for the Greek residency by investment program is straightforward. Once an investor decides on the investment option, they must gather the necessary documents and submit them to the Greek authorities. The investor must then travel to Greece to complete the application process and submit biometric data. The entire process takes approximately two months, and once approved, the investor is granted a five-year residency permit.

    Conclusion

    Greece’s Golden Visa program is an attractive option for investors who want to establish a foothold in the European market. By investing a minimum of €250,000, investors can gain residency in Greece for themselves and their families. The country’s strategic location, affordable real estate prices, and investment opportunities make Greece an attractive option for investors. As the country continues to recover, investors who participate in the Golden Visa program stand to benefit from Greece’s economic growth. Complement your reading and broaden your knowledge of the topic using this handpicked external material. https://mirabelloconsultancy.com/greece-golden-visa/, discover new perspectives and additional information!

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