The country has worked hard on rebuilding its economy ever since. Learn more about how to apply remotely here. I bought a property in Greece last year and my gold visa program started. House in Crete with sea View and private pool For Sale. Greece provides the opportunity for its Golden Visa residents to apply for naturalization, but it doesn’t need to give it to you. Hello Tiffany, no, it is not possible to include your aunt in the application for the Greece Golden Visa. The investors of the program are allowed to invest in more than one property in the country. Contact us and talk to one of our experienced team members to help you with any and all your questions. Alternatively, buy a plot of land worth €250,000. You will need to spend at least €300,000 on a first-time sale property. Hi Qwais, thank you for reaching out to our company. You have to pay taxes only on the income you receive in Greece, thanks to the double taxation treaty. They must also certify the existence of bank accounts or other transferable securities. Hi! Depending on your country of residence and the amount of time you spend in Greece, it is likely that your international income may not be subject to taxation in Greece. You get the benefit of a citizenship by using the Investment Programs of Europe when you invest in real estate and be rewarded with a Europe visa . This leads to the revocation of the permit. Even though the minimum investment is €250,000, you can tack on an extra 3-4% for lawyer fees and doing all the paperwork. Please clarify. Step 1: Selection of investment route and property. However, we anticipate that in the years to come, more and more investors will opt for these alternative methods and their popularity will grow. Newly approved residents cannot work in Greece, but they are free to register and set up their own businesses in the country. Afterwhich, you’ll need to acquire the promissory sale and purchase agreement and the execution of a public deed. Put €400,000 into a real estate investment company that buys exclusively Greek properties (or buy its shares through a share-capital scheme), 2. You’re given residency for five years but can renew it for as long as you maintain your minimum investment. Unless you want to be chained to a desk and fill out paperwork, that is. (b) has personally the full ownership, possession and peaceful enjoyment of real estate property in Greece. The Golden Visa Program enables an entire non-EU family, including dependent children up to age 24 and the parents of both spouses, to obtain permanent residency status in Greece within just 3 months (in some areas it takes less time) with a real estate investment of just €250,000. Greece’s Golden Visa program is the cheapest one in Europe. Another purpose of your visit is to give power of attorney to a legal representative in Greece to take care of the rest of the paperwork for you. . . Hi Greg, no, there are no nationality restrictions in the Greece Golden Visa Program. I am inquiring about the 10 years lease contract in hotel or furnished tourist in integrated resort, In cases of joint ownership of the real estate property by spouses, the residence right is granted to both spouses. The world has pounced on the Greek golden visa program; Greece grants more investor visas than any other country in the world. When compared to other RBI programs currently operating, Greece’s property taxes are high. Even though Greece is known for its incredibly complex bureaucratic apparatus and relative inefficiency, getting a residence permit will take three months of your time – max. ). And as an optional step, you can have the execution of power of attorney. This was my question also. Hello. A Golden visa is a type of residence visa with added benefits, offered by several European countries including Greece. There are different incentive programs for retirees, digital nomads, and other particular expat segments. There are several investment types that qualify you for a Greece Golden Visa. As a non-Greek tax resident, you should appoint a tax representative and file tax returns with the Non- Greek Resident Tax Office, provided that you earn actual Greek source income. A Golden visa is a type of residence visa with added benefits, offered by several European countries including Greece. This one’s for the people who have a vested interest in becoming citizens of Greece. Dear Dr. Rimon, in the case of non-EU citizens who have signed a lease of at least 10 years for hotel accommodations or furnished tourist residences in integrated tourist resorts, provided the minimum value of the lease is €250.000, the contract must require a single payment of the lease for the equivalent of the ten-year leasing of the property. The program’s qualifying options are: Insurance contracts which have been signed-in Greece. So am I able to work and study in Greece or another European country with a greek residency? You need to provide your law firm in Greece with a Power of Attorney (PoA) to be able to do this. Theoretically, if you don’t live there, you will not be liable, but tax planning is still required. The residence given to you by the Greek government isn’t limited in any way. Yes, your spouse, parents (and parents-in-law), and children up to the age of 18 (21 if they’re studying) can all be added to the residence application under the same investment. Learn how your comment data is processed. Would I need to re-invest another €250k in my existing Greek property to qualify – or can I just apply (shortly) after having bought a villa outright two years ago? . . Poor track record of naturalizing people. Please contact me. Plus, property developers now have projects in Athens covering an area the size of Gibraltar. Go for Ireland if the holding period for your investment is important to you. Greece is of strategic importance and location, also among the top European countries in regards to investments in real estate property. Once I get the property and the residence permit, can I rent the property? But after purchasing the property, I want to live there. . All in all, budget for at least €25,000 in addition to the main investment when you apply for your Greek residency. Do you not have access to the European Union but think it would be a great Plan B for yourself and your family? If you don’t physically move to Greece or spend longer than half of the year there (183 days), you will not be liable to pay tax. In other words, you could become a naturalized citizen if you maintain your residency long enough and meet the other requirements for citizenship. We’ve left the oldest option, and the most popular Greek investment option for last: can also be bought; sign a 10-year agreement worth at least, Have medical insurance for yourself and your family. These are especially convenient since Greece has no physical residence requirement and a hands-off approach appeals to a number of investors. Or do you want to spend more time in Europe than your Schengen visa lets you? Numerous countries, including a number of European ones, offer legal residency to people who invest in their country. Every five years, you are required to renew your residence permit. In that case, does it have to be under registered company? The residence permit issued by the Greek authorities is permanent. There are number of golden visa programs operating in Europe, you may have heard a lot about Portugal and Greece but not Malta. You won’t be asked to simply donate money to a cash-strapped government. Or do I have to go back to my native country (Vietnam) and apply travel visa from there? Hi, if you are planning to include your family members into your application, you may apply together with them so that you can obtain your residence permits at the same time. Golden Visa in 2014 The Goverment of Greece introduced to Third -Country citizens, a procedure to obtain residence permit to those who wish to own real estate property with value of which exceeds €250.000. You can’t. So, you need to spend at least 183 days in Greece in order to become a tax resident. Plus, its Balkan peninsula mainland and the many thousands of picturesque islands are one of the world’s top holiday destinations. 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