Golden Visa.
What is a Golden Visa?
It’s a type of residency visa, with added benefits, offered by various countries throughout the world. Generally obtained through a form of financial investment in the country, ranging from hundreds of thousands to millions.
The Greek Golden Visa.
Considered to be one of the most desirable programs, the Greek Golden Visa is enticing more and more investment potential due to its current low property purchase threshold; just €250,000, making it one of the most attractive Golden Visas in the world and the lowest in the EU. In addition to this, the Greek lifestyle is one that many people are attracted to.
The Golden Visa offers residency rights for 5 years, and unlike some countries, staying in Greece is entirely optional, with no obligation to visit once you have the visa. You will need to ensure that your investment remains during this period to stay valid, and under the current rules, it may be renewed indefinitely on this basis.
It also offers choice and freedom to the visa holder and their immediate family. Allowing unlimited travel across all EU countries, that are part of the Schengen Zone (currently 26 participating member states), without the restrictive 90 days in every 180 days applying.
Once approved the holder and their immediate family also get access to European education, both schools and universities.
Help is on hand at Mantas.
We already have valuable experience in assisting buyers through the Greek Golden Visa process and can advise on the scheme relating to your specific purchase. No matter if it’s a villa, plot of land, or commercial premises. Our team is on hand to answer any questions that you may have to make the process as hassle-free as possible.
Frequently asked quetions.
Who can apply for Greek golden visa?
Citizens of countries, which are not European Union members.
What is the minimum value of the real estate property?
250.000 Euros. This sum concern one or more properties; It does not matter. Whether one or more properties, their total value must be at least 250.000 Euros.
What is the duration of the residence permit?
5 years.
Can the residence permit be renewed?
Yes, for another 5 years each time, provided that the applicant still owns the property.
Do persons holding a residence permit have the right to work in Greece?
No. Holders of the Golden Visa do not have the right to work in Greece, only residency.
What advantages provides to its holder a residence permit in Greece?
He/she may stay continuously in Greece for its whole duration
He/she may travel to other Schengen countries without a visa, but his/her stay
in those countries cannot exceed 90 days in each 6-month period.
He/she has access to health or education services, just like any Greek citizen.
How long can it take until the residence permit is issued?
It must be issued within 2 months from the day on which the application was
submitted or reached the Decentralized Administration.
Is it necessary to hire a lawyer to collect the documentation?
There is no legal requirement to collect and process the documents through a lawyer. In cases where the applicant does not speak Greek and / or is located outside of Greece, it may be preferable to ask for the support of a legal representative or proxy who is in Greece, to facilitate the process.
Can I travel to other countries within the EU with the residence permit for owners of real estate?
Yes. The residence permit and long-term visas are valid as far as the free movement of the person in the Schengen area is concerned. Any citizen who holds a long-term visa (such as the residence permits for real estate owners) which has been issued by a member state and are valid for one year, are a
Can I obtain more than one piece of property, the individual value of which is less than €250.000, i
You are entitled to residency rights irrespective of whether you own one or more properties, provided that their combined value is equal to or greater than €250.000.
Can I purchase a car with Greek license plates for my transportation needs in the country?
Yes, under the specific regulations of the Ministry of Transport, which apply to third country citizens.
Can I take a mortgage out on the property in order to receive a loan?
You can take a mortgage out on the property, in the same way as Greeks.