Published at: 25/01/2023 01:06 pm
The Greek government will double the minimum amount of real estate investment from 250,000 euros to half a million euros in 2023. Hurry up, you still have time to apply under the lower amount!
There are also other options under the Greek Golden Visa Programme:
The Golden Visa of Greece allows the investor and their family to receive a renewable five-year permanent residence permit.
The investment amount calculation is based on the total value of the purchased real estate. It means you do not have to buy one real estate; you can purchase several properties. In this case, the price can be more reasonable.
The estimated value of the real estate may be higher than the market price. It means that the authorities calculate the investment amount of the estimated value, which can be significantly higher than the market value of your property. Practically, you can buy a property for only 150,000 euros if the estimated value of the real estate is a minimum of 250,000 euros.
As there is no physical presence requirement under the residency by investment program, you can renew your permits after five years without living in Greece. This issue allows you to rent your property and receive additional European income.
As a permanent resident, you do not have to become a tax resident in Greece and can pay your taxes elsewhere. In this case, the single tax you must bear in Greece is the property tax, which is around 300 euros per year for real estate valued at 250,000 euros.
Discus Holdings Ltd has supported applicants for the Greek Golden Visa since the scheme's introduction in 2013. Click here for detailed information and hurry up to become a resident of Greece under the lower amount!