The Ultimate Guide to the Greece Golden Visa for 2025
Greece Golden Visa: Key Updates and Benefits
Updates to the Greece Golden Visa Program (September 2024)
The Golden Visa Greece program has seen notable changes, including higher investment thresholds and new options. However, investors can still secure a five-year residence permit by investing €250,000 in existing real estate, such as converting commercial properties to residential use or restoring listed buildings.
What is the Greece Golden Visa?
The Greece Golden Visa residency-by-investment program allows non-EU nationals to acquire Greek residency by investing in real estate or other assets. The Greece Golden Visa allows you to add your spouse and children under 21 to the residency program. This residency is extended to family members, allowing them to reside in Greece and travel freely within the Schengen area.
Is the Greece Golden Visa a Citizenship-by-Investment Program?
While the Greece Golden Visa does not grant citizenship, it provides a pathway to Greek naturalization. After seven years of residency, including being a tax resident and passing a language test, applicants may qualify for Greek citizenship and a passport.
Rights and Benefits of the Greece Golden Visa
Golden Visa holders and their families can reside in Greece with no minimum stay requirement, enjoying benefits like public healthcare and education. Additionally, Greece Golden Visa holders can travel freely within the 26 countries of the Schengen zone without a separate visa.
Family Reunification
The Greece Golden Visa allows you to include your spouse and children under 21 in the residency program. Furthermore, the program extends to parents and parents-in-law of the lead applicant, enabling family reunification without additional prerequisites.
Real Estate Investment in Greece
The Greece Golden Visa offers the lowest investment requirement in Europe, with an investment of just €250,000 in Greek real estate. Despite setbacks following the 2008 financial crisis, Greece’s real estate market has been steadily recovering and trending upward since 2023.
Greece Golden Visa and Taxation
As a resident in Greece, foreign income may not be taxed depending on your duration of stay. Greece offers various tax incentives for foreign nationals, including retirees, digital nomads, and specific expat groups. Consult with a qualified financial advisor to explore tax benefits and determine your eligibility.
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Conclusion
The Greece Golden Visa provides an accessible pathway to residency and potential naturalization, offering a range of benefits, including family reunification and the opportunity to invest in Greece’s growing real estate market.