Greece Golden Visa: double cost from May!
Published at: 11/04/2023 09:15 am
Hurry up if you want to become a resident in Greece under the Golden Visa Program! The most popular real estate purchase option's cost doubles and will be half a million euros from 1 May 2023!
As the other EU Member States are cancelling their residency through investment programs, Greece has become the most popular choice among the wealthy third-country nationals who wish to become residents in Europe. It's not a coincidence that the minimum investment amount for real estate increases but only in Athens, Thessaloniki, Mykonos and Santorini. These are the most popular locations, and the government wish to make housing more affordable for the locals.
The Greek Golden Visa started ten years ago, in 2013, and it attracts foreigners with a five years residency visa who are not allowed to work in Greece. Greece's permanent residency has a lot to offer. The applicant and their family can reside in Greece and travel visa-free in the Schengen zone. Moreover, one real estate investment covers you, your spouse, your children, and even your parents. There is no physical presence minimum time requirement, and you can rent your property and earn money. Not only real estate investment may lead to the resident status in Greece. Entrepreneurs, top managers and other applicants also qualify for the EU member state's residency permits. Worth to note that the number of applicants almost doubled in 2022, and most of the investors arrived from China and the United States.
However, as the other European nations slowly cancelled their residency by investment programs, Greece doubled the minimum amount of investment in real estate, which increased to a minimum of half a million euros. You still have time to start your process and become a resident in Greece for the reduced amount. Do not hesitate; it's time to begin your process to become a resident in the European Union through the Greek Golden Visa Program!
Our experts are available to provide you with all the necessary information and support. Read more here about the Greek residency by investment program!