GOLDEN VISA

 

GREEK PROPERTY OWNERSHIP BY NON EU NATIONALS OFFERS SCHENGEN VISA

  • Buying one or more properties with a minimum total value of 250.000 Euros.
  • 5 Years Residence Permit in Greece and Schengen Area countries ( Schengen Area consists of 22 European Union member states and four European Trade Association member states).
  • Renewal every 5 years for the same period under the circumstance that the ownership status remains unchanged.
  • Legal right to rent the property.
  • Free Entry and Exit in Schengen Area which includes : Greece, Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland.
  • No required minimum or maximum period of staying in Greece or number of revisits.
  • Joint ownership is allowed, if each of the co-owners invests at least 250.000 Euro.
  • No knowledge of Greek Language is required as most of the people speak English. ( English language is mandatory taught at Greek schools, starting from elementary school).
  • Freehold ownership; No time limit to the period of ownership.
  • Fast Track Procedures; only 2-3 months estimate time for the initial grant of residence permit.

 * Foreigners who buy properties for visa immigration in non Schengen countries like Cyprus, UK, Ireland need additional permissions to travel in Schengen Area.

 

 

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COMPARISON OF REAL ESTATE INVESTMENT IMMIGRATION PROGRAMS OF SOUTHERN MEDITTERANEAN COUNTRIES: GREECE, CYPRUS, SPAIN, PORTUGAL

                                                                                                                                                                     

  GREECE CYPRUS SPAIN   PORTUGAL
Schengen Country  Yes No Yes Yes
Free travel to Shengen Area  Yes No Yes Yes
Minimum Investment (in Euro)  250,000 300,000 500,000 500,000
Compulsory period of staying   No Yes Yes Yes
Minimum period of staying   No No 183 days 1st year 7 days 1st year/ 14 days the following 2 years
Number of Revisits  None Once every 2 years     - Once 1st year/ once

 

 

Additional Notes:

Renewal period  of the Residence in Greece is every five years.

The issuance of the Title Deed in Greece will take 4 to 6 days while in Cyprus can take months.

In Greece there is no minimum bank deposit to open a bank account while in Cyprus it is required to deposit 30.000 euros at least.