The pandemic of 2020 and the new trends it set in motion redefined the investment decisions in permanent residence programs for non E.U. citizens at a global scale. These are the reasons to invest in Greece and apply for a Greek Golden Visa.

1.- Low cost access to European residence program (Golden Visa)

Greece has one of the most low cost residence programs in Europe (trhough real estate investment) where the minimum property value is only €250,000 in comparison to €500,000 that Portugal/Spain require. The Greek Golden Visa extends to include immediate family as parents, spouse and children.

2.- Access to Shengen Zone countries

With a Greek Golden Visa the holder can enjoy the same travel privileges as a Greek citizen in all the Schengen Zone countries (Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland). As a holder of a Greek Golden Visa one can travel directly from their country of origin to any Schengen Zone country without lengthy customs checks and reside in any other Schengen country for up to three months every six months, with the right of multiple entries.

3.- Economic Stability

Greece is enjoying the full trust of international investors, demonstrating a very healthy growing rate. The strong economic recovery in Greece in 2021, coupled with accommodative monetary and fiscal policies to mitigate the impact of the COVID-19 pandemic, contributed to improved liquidity conditions.

4.- Strategic Position of Greece

The position of Greece at the crossroads of Africa, Asia, and Europe undeniably plays a large role as it is possible to easily reach any of these continents.

5.- No minimum stay requirement

There is no minimum stay requirement for applicants to retain or renew the residence permits and no obligation to visit Greece again to maintain the residency right. In the meantime the Golden Visa holder can visit any Schengen country.

6.- No language requirement

Without any language requirements, Greece allows the investor to include their immediate family members in their Golden Visa application making also communication easy and enjoyable since a large segment of the population speaks English.

7.- Sunny weather

Greece enjoys on average more than 250 days of sunshine making it one of the most sunniest countries in the world and the most sunny in Europe. Greece is a diverse country that follows a typical Mediterranean climate pattern with hot, dry summers and mild rainy winters.

8.- Hospitality

“Philoxenia” (the Greek word for hospitality), literally translates as “friend to a stranger” and refers to the act of welcoming and caring for a stranger in one’s home. In ancient Greece, it was an act of virtue to welcome and care for strangers in their home as they thought they were sent by the gods. Hospitality remains in the modern world an important value for Greeks.

9.- Eligibility to citizenship

Following a 7 year residence permit, if one decides to live permanently in Greece and learn the language, one could become a Greek citizen and consequently a European Union citizen, having the right to live and work in any of the 27 European Union countries.

If you are interested to know more about investing in Greece (Magnesia, Volos, Pelion, Skopelos, Skiathos, Alonissos) and applying for a Greek Golden Visa please contact Law Office Stathaki