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  • GREECE
  • Residency by Investment

GREECE

Greece is a country with 131,957 km² area and with the population of 10.8 million people. Greece is one of the most influential and ancient civilizations of the world. It is a cradle of democracy, philosophy, western literature, drama, mythology, science, Olympic Games etc… In addition, the beautiful beaches, food and cultural heritage make it one of the most visited places on earth. Natural beauty, sunny weather, white sandy beaches and beautiful hills give opportunity to any investor to enjoy there with his/her family. Greece is a country which can satisfy any tasty of the world people.

In recent years, in 2009 the country had a big economic crisis (known as Greek depression), which significantly hindered the country development. The economic crisis was mostly obvious in real estate market. In order to overcome the real estate crisis, in 2013 the Greek government established the Golden Visa program through Real Estate investment.

Legal Basis and procedure:

The Greek golden visa can be applied by non-EU citizens, who will invest at least 250,000 Euro in real estate located in Greece. The amount can be separated into several real properties. As Greece is a European Union (EU) member state since 1981, the Golden visa entitles the applicant to enjoy the status of EU resident. It has to be mentioned that Greek Golden Visa program is the cheapest way to become the EU resident compare to other southern European countries. It means that applicant and his/her family will be entitled to travel visa free to EU and Schengen countries.

The application procedure is as follows:

  • There is no need to reside in the country.
  • To finalize the procedure, it needs approximately 40 days, after making investment.
  • Spouse and children up to 21 years old can apply the program.
  • The applicant must have a medical insurance an clear criminal record.
  • Besides the mandatory amount of investment (250,000 Euro), the investor must pay additional taxes equal to 24 %.
  • There is no income tax on the income derived outside Greece. Rental income is taxed at rate between 11-33 %.
  • The residence permit is issued for five years. This five year period can be renewed with another five year.
  • Parents of investor and his/her spouse can also be included.

The applicant should be aware that residence permit does not give investor right to work, but it does not deprive the right to establish a business. Golden visa is one of the ways to get Greek citizenship. After 7 years, the investor can apply for the Greek citizenship.

Capital

Athens

Location

Located in the continent of Europe, Greece shares land borders with 4 countries: Macedonia, Albania, Bulgaria, Turkey.

Language

Greek

Currency

Euro (€) (EUR)

Government

Unitary parliamentary republic

Area

131,957 km2

Population

10,955,000

Time Zone

EET (UTC+2), Summer (DST) EEST (UTC+3)

  • Reasons to choose Greece?

    • Beautiful country with beautiful beaches
    • Opportunity to study, live and do business in EU member state
    • Family included
    • No minimum residency rule
    • Quick process that needs approximately 40 days
    • Obtaining Schengen residence card
    • Permanent residence permit, which renewable after 5 years. This leads to Greek citizenship after 7 years
    • The cheapest residency Programme in Europe
    • Free travel to EU Schengen member states
  • Visa Free

    Visa-Free/Visa-on-arrival: Albania, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Bermuda, Bolivia, Bonaire, Sint Eustatius and Saba, Bosnia and Herzegovina, Botswana, Brazil, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Cambodia, Cape Verde, Cayman Islands, Chile, Colombia, Comoros, Cook Islands, Costa Rica, Croatia, Curaçao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Estonia, Ethiopia, Falkland Islands (Malvinas), Fiji, Finland, France, French Guiana, French Polynesia, Gambia, Georgia, Germany, Gibraltar, Grenada, Guadeloupe, Guatemala, Guyana, Haiti, Honduras, Hong Kong, Hungary, Iceland, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Lithuania, Luxembourg, Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Montenegro, Montserrat, Morocco, Mozambique, Nepal, Netherlands, New Caledonia, New Zealand, Nicaragua, Niue, Norway, Oman, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Réunion, Saint Barthélemy, Saint Kitts and Nevis, Saint Lucia, Saint Martin (French part), Saint Pierre and Miquelon, Saint Vincent and the Grenadines, Samoa, Sao Tome and Principe, Senegal, Serbia, Seychelles, Singapore, Sint Maarten (Dutch part), Slovakia, Slovenia, Solomon Islands, South Africa, South Korea, Spain, Suriname, Swaziland, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Vanuatu, Venezuela, Wallis and Futuna, Zambia, Zimbabwe

    Electronic Authorization: Australia, Canada, Gabon, Guam, India, Kenya, Myanmar, Norfolk Island, Northern Mariana Islands, Puerto Rico, Sri Lanka, U.S. Virgin Islands, United States

    Visa required prior to arrival: Afghanistan, Algeria, American Samoa, Angola, Azerbaijan, Benin, Bhutan, Burundi, Cameroon, Central African Republic, Chad, China, Congo Republic, Cuba, Côte d'Ivoire, Democratic Republic of the Congo, Equatorial Guinea, Eritrea, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mongolia, Namibia, Nauru, Niger, Nigeria, North Korea, Pakistan, Russia, Rwanda, Saudi Arabia, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Turkmenistan, Uzbekistan, Vietnam, Yemen

    Entry denied: Libya

96.1
VISA FREE

1.0
ECONOMIC STRENGTH

77.1
HOUSING

66.4
COST OF LIVING

68.3
DOING BUSINESS

64.5
SAFETY & SECURITY

40.0
EDUCATION

71.6
HEALTHCARE

92.3
ENVIRONMENT

48.6
GROWTH RATE

  • MOBILITY: The number of countries you can travel visa-free.
  • ECONOMIC STRENGTH : How strong country’s economic is.
  • HOUSING: Prices of housing and real estate.
  • COST OF LIVING: How cheap goods and services are.
  • BUSINESS: Easiness of doing business.
  • SAFETY & SECURITY: Crime rates in the country.
  • EDUCATION: Primary and secondary education level.
  • HEALTHCARE: Healthcare system development.
  • ENVIRONMENT: Quality of country’s environment.
  • GROWTH RATE: How fast economic is growing.

CITIZENSHIP BY INVESTMENT PROGRAMS

ANDORRA

Residency By Investment

AUSTRALIA

Residency By Investment

BAHAMAS

Residency By Investment

BULGARIA

Residency By Investment

CANADA

Residency By Investment

COSTA RICA

Residency By Investment

GREECE

Residency By Investment

IRELAND

Residency By Investment

JERSEY

Residency By Investment

MALAYSIA

Residency By Investment

MONACO

Residency By Investment

MONTSERRAT

Residency By Investment

NETHERLANDS

Residency By Investment

NEW ZEALAND

Residency By Investment

PORTUGAL

Residency By Investment

SINGAPORE

Residency By Investment

SPAIN

Residency By Investment

SWITZERLAND

Residency By Investment

THAILAND

Residency By Investment

TIER 1 INVESTOR VISA UK

Residency By Investment

TURKS AND CAICOS

Residency By Investment

USA EB-5 VISA PROGRAM

Residency By Investment



 

ST. KITTS & NEVIS

Kennylin House, New Street
Basseterre, St. Kitts KN.


P.O.BOX
440

Tel
+(1869) 465 2878

Fax
+(1869) 465 6077

Email
skn@bayatgroup.com


 

ANTIGUA & BARBUDA

Roberts Building 60 Nevis Street,
St. John’s, Antigua.


P.O.BOX
1301

Tel
+(1268) 462 0076

Fax
+(1268) 462 3077

Email
atg@bayatgroup.com


 

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Montreal, Quebec, Canada H3A 1R8.

Tel
+(514) 845-0232

Fax
+(514) 845-0203

Email
mtl@bayatgroup.com


 

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1Barker Ave, White Plains,
NY 10601, United States.

Tel
+1 914-793-2626

Email
mtl@bayatgroup.com


 

PARIS (FRANCE)

91 , Rue de l' Université
75007 France.


Tel
+335 385 93 00

Fax
+334 551 0119

Mob
+336 801 7808

Email
paris@bayatgroup.com


 

DUBAI (U.A.E)

Suite 2302, Al Moosa Tower II, Trade
Centre area, Sheikh Zayed Rd, Dubai, U.A.E.


P.O.BOX
32422

Tel
+(9714) 355 4646

Mob
+(97150) 624 4646

Fax
+(9714) 355 2357

Email
dxb@bayatgroup.com


 

ABU DHABI (U.A.E)

Level 17, The Offices World trade Center Central Market, Al Markaziya, Abu Dhabi, UAE.


P.O.BOX
3876

Tel
+971 2 654 4086

Mob
+971 52 450 5922

Email
aud@bayatgroup.com


 

KUWAIT

Sahab Tower, level 18 Salhia,
Kuwait city, Kuwait.

 

Tel
2227 3887


 

ROSEAU (DOMINICA)

14 Great Marlborough, Roseau,
Commonwealth of Dominica.

Tel
+1 (767) 612 8290

Mob
+(1 767) 277 8399

Email
dom@bayatgroup.com


 

BEIRUT (LEBANON)

Suite 2029, Louis Vuitton Building
Allenby St. Beirut Souks Area,
Beirut, Lebanon

 

Tel
+(961) 1 957561

Email
bei@bayatgroup.com


 

JEDDAH (KSA)

Level 26 King’s Road Tower, King’s Road, Kingdom of Saudi Arabia.

P.O.BOX
Box 40469, Jeddah 21499

Tel
+966 (12) 229 3248


 

GEORGIA

Freedom Square 4a,
Tbilisi, Georgia.

Tel
+(995) 3 22 424252

Email
tbs@bayatgroup.com


 

KUALA LUMPUR (MALAYSIA)

Menara Standard Chartered,
Unit 35-3
.

Tel
+60 (32) 110 9000

Email
kul@bayatgroup.com