A successful investor is one with a diversified portfolio. In this respect, not only the old-fashioned bonds, stocks, and commodities worth giving a shot but also the golden visa. Despite being in the market for quite a few years, it was not until recently that it became known to the wider audience. Not without a reason, given the multiple benefits it provides to its owner.
What are the benefits of a golden visa?
- Fast-track access to permanent residency or citizenship in most countries.
- Tax incentives, including preferential tax rates. Especially with the Greek residence by investment program, the investor has the benefits of the non-dom tax regime. This applies to those who pay a fixed tax of €100,000/tax year, regardless of their total income earned abroad.
- Visa-free travel to all countries- members of the Schengen zone, plus 4 more EU members (Bulgaria, Romania, Cyprus, Ireland).
- Possibility to purchase property and benefit from increased capital appreciation.
- Access to high-standard education and healthcare in Europe.
- Ability to establish a business provided the golden visa owner invests a certain amount.
- Possibility to bring family members to the country.
- Increased political and economic stability.
- Access to quality education and healthcare.
- Ability to work and live in a country with a different culture and language.
- Opportunity to explore new places, meet new people, and experience new cultures.
- Potential to save money on taxes and other expenses.
- Looking for citizenship in Europe? Golden Visa Greece is your ticket
With Golden Visa Greece the investor has the potential to gain permanent residency or citizenship. This program is a residency and not a citizenship-by-investment program. Despite that, one may apply for citizenship in Greece after 7 years, provided one meets the following criteria:
- Living in Greece for seven years
- Be a tax resident during this period
- Pass a Greek language test
- Have a genuine interest in Greece or a connection to the Greek culture
Who can apply for a golden Visa Greece?
In order to apply for any golden visa program, you must meet the criteria of the particular country you are applying for. Generally, golden visas are open to foreign investors, entrepreneurs, and those with high net worth. Depending on the country, you may also need to meet certain requirements related to income, assets, or job skills. Additionally, you may need to provide proof of financial means, such as bank statements or a business plan, in order to qualify.
What’s more, you may need to meet other requirements, such as having a certain amount of money in an investment fund or having a certain amount of capital to invest in the country.
What about Golden Visa Greece requirements?
Once you are interested, you should seek advice from the respective Ministry regarding the Golden Visa Greece requirements. Generally, golden visa programs are available to foreign investors who are willing to invest a significant amount of money in a country's economy. Common requirements include:
- Substantial financial investment in the country's economy, usually in the form of a business start-up, real estate purchase, or government bonds.
- Proof of financial stability, such as bank statements or other financial documents.
- A valid passport.
- A clear criminal record.
- Documentation to prove the applicant meets all legal requirements and is eligible for a golden visa.
- Evidence of health insurance and/or a medical exam.
- A valid visa issued by the relevant government agency.
Are there any restrictions to issuing golden visa?
Yes, there are restrictions when applying for a golden visa. Depending on the country, applicants may need to meet certain requirements related to income, assets, job skills, financial means, investment funds, and capital investments. Additionally, applicants may need to provide evidence of their financial status, such as bank statements or a business plan. Certain countries may also have restrictions on the type of investment that is allowed or require applicants to prove that they have a legitimate source of income.
This is why it is crucial prior to applying for this type of program to find a respectable law firm. Experienced lawyers will provide consults on all sorts of matters regarding how to get golden visa. After all, as mentioned above every investor benefits from a diversified portfolio.
