While vacationing in the Greek Republic, many travelers think about acquiring citizenship. In Greece, obtaining a special status has many advantages and brings various privileges and benefits. However, getting it is accompanied by paperwork and financial expenses. The obtaining procedure has been made as easy as possible thanks to the “Golden Visa” program. Strangely enough, the Greek Republic is great for implementing business ideas and spending the best years of one’s life.
Choosing the program “Golden Visa,” where you will learn not only the rules but also the options for obtaining a residence permit, from which you can choose an acceptable option for yourself. The most common way to receive special status in the country is to purchase residential or commercial property worth more than 250,000 €. According to statistics of a reasonably well-known company, Immigrant Invest, Greece put the minimum financial investment for purchasing housing among other EU countries in its conditions. Therefore, it is the best option for those wishing to get a Greece residency without huge expenses.
1. Opportunities To Stay Legally In Greece
Not all companies whose offers you see on the Internet can guarantee you relocation. One of the most common ways to obtain the right to be legally present in Greece is to reunite with your relatives, which does not affect the commercial system. However, such a long-term process has many nuances that can be futile. It is believed that commercial activity in Greece is more effective and provides a 100% guarantee. Among the specific ways to acquire a special status, it is worth noting the following:
- conducting financial activities;
- to purchase private housing;
- investing personal funds in any area of the country’s economy;
- university education;
- purchase of securities or opening a bank deposit of more than 400,000 euros.
All these options have many advantages, which Greece uses for the country’s development, attracting investors from different parts of the world. By choosing one of the mentioned above types of cooperation under the program, you get an opportunity to stay in the country for an unlimited period and obtain a Greek residency.
2. Golden Visa, What It Is, And Its Requirements
Greece RP by investment program allows any non-resident of the country to reside in the land of ancient myths. Since 2014, the country’s economy has taken a new turn, and visa holders were allowed to invest their funds in housing construction, the price of which is 250,000 euros. Investor can also include their family members in this program. When applying for a visa under the Golden Visa system, it is essential to be financially able to invest in different areas of the country and meet the requirements. Immigrant Invest, represented by Victoria Atanasova, has prepared a list of requirements that must be met by those who wish to participate in this program:
- people from countries that are not part of the European Union;
- adults (18 years old);
- absence of criminal record;
- health insurance for all family members.
Since 2021, the Greek authorities have decided that it is possible to apply for a visa under the program remotely using a laptop computer and the Internet.
The registration process takes up to six months, and the absence of the rule that you have to be in the country all the time attracts those wishing to apply for a permit to visit the country with a future Greece Residence Permit.
3. Standards For Obtaining A Permit Card Allowing One To Stay In Greece
Ways to get Greece residency include a specific algorithm of actions, which under any circumstances should be performed. The company providing services for obtaining Greece RP prepares the potential immigrant in advance for the following development of events:
- Collection of documents for D visa. Such a visa is valid for one year and allows the holder to enter the country and apply for special status in Greece. If you have obtained a D visa, you can easily visit other Schengen countries.
- Once you have received your visa and purchased your ticket to Greece, you can apply for unique residency upon arrival. Your presence is required when applying since your fingerprints will be taken. Without biometric data, the card will not be issued.
- Submitting a package of documents and biometric information, waiting for a confirmation from the state.
- Obtaining a special status card and doing business in the country of financial or regular employment activities.
These steps are done with complete digitalization, allowing you to see your applications online within the specified time frame.
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4. Special Status In Greece For Investors
The most popular purposes for obtaining a residence card are marriage, admission to institutions of higher education and schools, and employment. However, if you need a different option, consider that Greece has special conditions for business people, investors, and specialists in various fields.
Above, we listed what options can help you get special status. Let’s look at them in more detail. If you buy real estate worth 250,000 € or more, you automatically get the opportunity to get a green card. In this case, you can rent your home for a certain period and, after receiving a residence permit, sell the property and not lose Greece residency.
Investing in the Greek economy can fulfill your goals for your stay in the country by contributing to its development. Most European states allow you to open your businesses and new jobs. However, the land of Greek myths is notable for its particular ease of both making a profit and applying for citizenship.
Citizenship status can be obtained within two to three months without a language test, which is a huge plus. However, a minimum period of residence in this country is required, namely up to 7 days per year, which can be combined with your vacation on the sandy beach. The main advantage of investing is that in addition to the residence permit, you acquire the tax benefits that are usually absent when you get a residence permit. Here, every investor in the Greek economy and real estate sector can count on loyal treatment and a comfortable stay in the country.
Special status is the first step to obtaining a green card for Greece. After receiving it, you can apply for permanent residency after three or more years, depending on conditions, which gives you quite a few more benefits and opportunities. For example, benefits and social packages, the ability to leave the country at any time or live without restrictions, work in any field, etc. Obtaining a permanent residence permit in Greece is the last step before obtaining citizenship. If you have it, congratulations – you are a successful investor or businessman in a Schengen country; hundreds of doors are open to you, so go for it.
