Greece is a country with a 131,957 km² area and with a population of 10.8 million people. Greece is one of the most influential and ancient civilizations in the world. It is a cradle of democracy, philosophy, western literature, drama, mythology, science, the Olympic Games, and much more. 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 the opportunity to any investor to enjoy there with his/her family. Greece is a country that can satisfy any palate in the world with its great cuisine.
Greece operates residency-by-investment (RBI) program since 2013, which offers non-EU nationals to obtain a permanent residency status or so called ‘Golden visas” in exchange of investment. Along with a purchase of a realty, other forms of investment are optional, like buying securities and bonds, bank deposits or direct capital transfers.
The Greek ‘Golden Visa’ scheme is one the least expensive program of its kind in the EU. Investors and their family members are eligible to apply for permanent residency status if they purchase a real estate, one or several in Greece with minimum value threshold of EUR 250,000.
Investors can opt for other forms of investments, such as bank deposit, purchase of Greek government bonds or shares in the enterprises or equity funds, but minimum investment requirement for these options starts from EUR400,000. Special lease agreements, valid for ten years, with hotel accommodations or furnished tourist residences, registered with Greek National Tourism Organization (GNTO) can also lead to the Greek ‘Golden Visa’. The Greek RBI program allows investing through corporate entities, with increased minimum threshold though.
- Visa-free access to the EU Schengen Area and right to settle and have a business in Greece.
- Eligible for the Greek citizenship after 7 years.
- Family inclusion.
- Quick and easy application process of 40 working days.
- Remote application and no residency requirement.
- Potential for ROI (return on investment).
- The right to have shares and get dividends from the company registered in Greece, but no right to be employed in Greece.
Bayat legal Services’ compliance team will conduct an internal due diligence.
Qualification assessment, KYC and background security check.
Study the application, sign the retainer agreement, prepare tailor made list of documents and application preparation.
Purchase the property, submission, file review, due diligence process.
Final decision, approval letter issuance.
Golden visa issuance.