5 Things to know about the Greece Golden Visa program​

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5 Things to know about the Greece Golden Visa
program

• PASSPORT LEGACY

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• One of the most popular investment visa programs
  in the EU is the Greece Golden Visa program. It's
  a residency-by-investment visa for non-EU people
  who contribute significantly to the Greek
  economy. 
• Greece has one of the longest coastlines in the
  world, second only to Norway in Europe. The
  country's natural beauty is unrivalled, and it
  offers a plethora of tourist, leisure, and
  adventure possibilities. Greece has a population
  of over 10,000,000 people, with Athens accounting
  for slightly over 3,000,000. The land is still
  sparsely populated and can provide a nice break
  from the rush and bustle of the twenty-first
  century's large cities.

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Here are 5 things you need to know about the
Greece Golden Visa program

• 1. The Greece Golden Visa program grants the
  investor and their immediate family instant
  five-year residence as well as unlimited travel
  inside the Schengen Zone.
• 2. There are alternative investment
  possibilities, such as
• Real estate investment - The investor must
  purchase real estate worth at least 250,000 EUR.
  The property must be owned by an individual or a
  legal entity based in Greece or anywhere in the
  European Union. They can choose to rent out their
  property once they've acquired it. A residential
  or commercial property might be used for this
  investment. Many Investors have found this
  investment choice to be one of the most
  appealing.
• Signing a 10-year lease agreement An investor
  can lease a hotel or furnished tourist
  accommodation in an integrated resort for a
  minimum of 250,000 EUR. In this scenario, the
  investor must make a single upfront payment equal
  to the lease's 10-year term.

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• Land or acreage ownership - The investor must
  have built a structure on the plot of land. At
  least 250,000 EUR should be spent on the plot and
  building.
• Possessing real estate in Greece, with a minimum
  value of 250,000 EUR, obtained through intestate
  succession, will, or parental concession.
• A timeshare contract must be signed for a minimum
  of 250,000 EUR. A single upfront payment is
  required by the applicant.
• Being the owner of real estate in Greece who has
  purchased the property prior to the enactment of
  Law 4146/2013 on the Greek Permanent Residence
  Permit Scheme the property acquired must be
  worth at least 250,000 EUR, or the current
  property value of the property must be at least
  250,000 EUR.

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• You can extend the visa to include members of
  your family, such as your spouse, unmarried
  children under the age of 21, and dependant
  parents of you or your spouse. Your child may be
  included in the Golden Visa application if they
  are between the ages of 21 and 24 and are
  enrolled in school or college. 
• You do not have to stay in Greece to renew your
  residence visa. However, you must provide proof
  of ownership of the real estate property or a
  formal declaration from the required
  representatives that the investment is still
  operational in order to renew your residence
  permit.
• You can become a Greek citizen by investing in
  Greece and obtaining a Golden Visa. You cannot
  apply for Greek citizenship without first
  residing in the country and paying taxes, unlike
  residency. It is important to reside in Greece
  for at least seven years before applying for
  citizenship. You must also be able to show that
  you have links to the country and that you have a
  basic grasp of Greek culture and language.
• Golden Visas, which are given by EU member states
  such as Greece, are quite popular since they may
  lead to citizenship and hence EU membership.