Greece Golden Visa
Greece is strategically located at the crossroads of Europe, Asia and Africa and is often referred to as the cradle of democracy and the birthplace of western civilization.
Due to its unique position, you can reach within 1-hour flight 3 different continents, and in 3 hours max you can reach any part of Europe. This is just one of the reasons Greece has become a major European business centre and is regarded as one of the world’s top holiday destinations and is ranked as the 7th most visited country in the European Union and 16th in the world.
Its capital, Athens, can be found on its mainland, however, Greece also features a vast number of islands. Whether you prefer calm secluded beaches and villages, the bright lights of the modern city or your passion is within the art, you can find it all here.
The climate of Greece is primarily Mediterranean, featuring mild, wet winters and hot, dry summers. With an average of 300 days of sun per year, Greece offers mild conditions all year-round.
The official language is Greek, but a large portion of the population speaks English. As a member of the EU and various other international organizations, securing Greek Residency allows visa-free travel, family security and access to highest standards of healthcare, education and business opportunities.
To find out more about Greece, check out this YouTube video from Visit Greece
RESIDENCY BY INVESTMENT
On the 18th April 2013, Greece introduced Law 4146/ 2013 that offers a renewable five-year Greek residency visa to foreign nationals who invest at least a minimum of €250,000 Euros into residential real estate in Greece.
A residence permit of five (5) years is issued and can be renewed indefinitely.
Citizenship is possible, only after completing the necessary requirements as per the Greek Nationality Code (Law 3284/2004) via the process of naturalization.
In accordance with these regulations, applicants may apply for citizenship after residing in Greece for seven years.
REAL ESTATE OPTION
A minimum investment of €250,000 in real estate (residential or commercial)
Additional fees:In addition to the investment, the necessary Government & legal fees, there is VAT of 24% to pay in Greece on new property purchases.
Rental income from property in Greece is taxed at rates, 15% for the first €12,000, 35% between €12,000 – €35,000, and 45% thereafter. Certain expenses are deductible from the gross income. Capital gains tax (CGT) is charged at 15% on property sales.
- Visa free travel throughout the Schengen Zone.
- Reside anywhere in the European Schengen zone for up to 3 months in every 6 month period.
- No need to reside in Greece.
- Residence permits can be acquired within 30–60 days.
- Residents have the same education rights as Citizens.
- Unlimited expiry date of residence permit.
- Residency is applicable to the whole family (married spouse, children under 21 years old, and parents of the main applicant and spouse).
- Open to all nationalities.
- Citizenship can be obtained providing physical residence requirements are met.
- Citizens have the right to live and work anywhere within the 34 countries of the European Union (EU).
An initial pre-screen and consultation will take place with one of our advisors to discuss the programme and personal circumstances in detail, along with advice and assistance in selecting the required investment.
An application for an entry visa to the Greek consulate in your country of origin is required. Either, a type C Schengen visa, or a type D national visa is required to purchase a property in Greece.
All applicants must travel to Greece to stamp passports prior to residence application. Here you will meet with our local legal team for an in-depth consultation.
KCS will endeavour to provide you with a property portfolio based on your preferences.
Once you have selected the property we will assist in negotiation, review and signing of legal documents with our attorney, and paying the required deposit.
We will also apply for your tax file number, bank account opening, and assist with all required document collection.
Transfer the payments for property.
The legal team will sign the purchase contract with developer on the behalf of client.
The application is then submitted to ‘Greece’s Aliens and Immigration of the Decentralized Authority’ agency.
Once the application is approved it will be verified.
Once verified you will be invited to Greece to finalise the biometrics.
Residence permits will be issued.
VISA FREE TRAVEL
Those who hold Permanent Residence in Greece are eligible to travel visa free throughout the Schengen.
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