Begin Your Journey to Greek Residency and Beyond 

Welcome to the Golden Visa Program in Greece, an extraordinary opportunity that invites you to discover the beauty, culture, and potential of this remarkable Mediterranean nation. Greece, known for its ancient history, captivating landscapes, and warm hospitality, opens its arms to those seeking a fresh start and new horizons.

As you explore this program, envision yourself in the heart of Greece, where your investment not only grants you residency but also paves the way to Greek citizenship. This journey is a tapestry of experiences, from the cobblestone streets of historic Athens to the sun-kissed islands of the Aegean. It's a chance to immerse yourself in Greek traditions, savor Mediterranean cuisine, and call this enchanting land your home.

Beyond the allure of residency, Greece's Golden Visa Program offers a pathway to full citizenship, connecting you to the rich heritage and potential of this ancient nation. Join us as we navigate this exciting voyage together, where investment opens doors to a brighter future.

Meeting the Requirements for Residency and Citizenship 

To secure your path to Greek residency and the potential for citizenship, it is essential to meet specific eligibility criteria. The Greek Golden Visa Program offers various investment options, each with its own set of prerequisites. Below, we outline the general eligibility requirements:

Investment Amount

• Investors are required to make a minimum investment in eligible assets within Greece. The investment amount varies depending on the chosen investment path, which may include real estate, financial assets, or other eligible categories.

Clean Criminal Record

• Applicants must provide evidence of a clean criminal record from their home country and any other countries where they have resided in the last five years.

Health Insurance

• Investors and their family members must possess valid health insurance coverage for their time in Greece.

Proven Source of Funds

• Applicants should demonstrate the legal and legitimate source of the funds used for the investment in Greece.

Medical Examination

• A medical examination is required to ensure that applicants do not have any contagious diseases or public health concerns.

Legal Representation

• Engaging legal representation in Greece is recommended to navigate the application process efficiently.

Inclusion of family members

Investors can include dependents in their application provided they fall into one of the following categories:

• Spouse
• Partner with whom the applicant has entered into a registered partnership in Greece or before the competent Greek Consular Authority
• Unmarried children under the age of 21
• Unmarried children of the dependant or his/her spouse or partner under the age of 21, provided that the right of custody has been legally granted to the applicant and to their spouse or partner for their own children
• Direct first-degree ascendants of the spouses or partners. They are granted residency under family reunification and are not permitted to engage in employment in Greece.

It's important to note that each investment category may have additional specific requirements. Our experienced team at Belalgarve Consultants can provide comprehensive guidance on eligibility criteria and assist you in meeting these requirements. Your journey to Greek residency and the potential for citizenship begins with understanding and fulfilling these prerequisites. 

Diverse Options for Residency and Citizenship in Greece 

The Greece Golden Visa program offers a range of investment options, allowing applicants to select the pathway that aligns with their investment goals and contributes to the growth of the national economy. Here are the official investment options available:

Real Estate Investment

• Invest in Greek real estate with a minimum value of €250,000 (or €500,000 in specific Greek municipalities). This option not only secures your residency but also offers potential rental income and property appreciation opportunities.

Hospitality Lease Agreement

• Sign a lease agreement with a hospitality establishment, such as a hotel, restaurant, or spa, valued at a minimum of €250,000. The lease agreement must have a validity period of at least 10 years, presenting a lucrative opportunity in Greece's thriving tourism industry.

Alternative Investment Fund

• Invest a minimum of €400,000 in an alternative investment fund based in Greece or another EU Member State, focusing on permanent property investments in Greece.

Greek Government Bonds

• Allocate at least €400,000 in Greek government bonds through a Greece-based credit institution. These bonds should have a maturity of at least three (3) years from the date of purchase, offering stable returns.

Shares and Bonds

• Invest a minimum of €400,000 in the acquisition of shares or bonds that can be traded on regulated markets or multilateral trading mechanisms based in Greece, providing investment flexibility.

Mutual Fund Investment

• Commit a minimum of €400,000 to a mutual fund incorporated in Greece or another country, focusing on corporate bonds, shares, or Greek government bonds.

Corporate Government Bonds

• Invest at least €800,000 in corporate government bonds that can be legally traded or are traded on regulated markets or multilateral trading mechanisms in Greece, offering potential high returns.

Each investment option presents unique advantages for investors. Real estate purchases can generate additional income through rentals and capital appreciation, while hospitality lease agreements tap into Greece's tourism potential. Bond investments offer financial stability, and mutual funds provide diversification opportunities.

Unlocking Opportunities in Greece 

The Greek Golden Visa program offers a multitude of benefits to its participants. By securing your residency or even citizenship through this program, you gain access to a wealth of opportunities in Greece and beyond. Here are some of the key advantages:

1. Residency and Citizenship: Obtain permanent residency for yourself and your family through the Greek Golden Visa program, with the possibility to apply for Greek citizenship after five years of permanent residency. This opens the door to the European Union and its privileges.

2. Visa-Free Travel: Enjoy visa-free travel within the Schengen Area, allowing you to explore 26 European countries without the need for additional visas.

3. Investment Flexibility: Choose from various investment options, including real estate, bonds, and more, tailored to your financial goals and preferences.

4. Property Ownership: Invest in Greek real estate, with the potential for rental income and property appreciation.

5. Access to Healthcare: Access Greece's high-quality healthcare system for you and your family.

6. Educational Opportunities: Enroll your children in Greek schools and universities, offering excellent education and cultural enrichment.

7. Business Ventures: Explore business opportunities in Greece and the EU, leveraging your residency or citizenship status.

8. Cultural Richness: Immerse yourself in Greece's rich history, culture, and Mediterranean lifestyle.

9. Tax Benefits: Benefit from Greece's favorable tax regime for residents and citizens.

10. Global Lifestyle: Enjoy the cosmopolitan lifestyle of Greece's cities and the tranquility of its islands.

The Greek Golden Visa program is your gateway to a world of opportunities, whether you're seeking a European base, a second home, or a strategic investment. Embrace the advantages and embark on your journey to a brighter future in Greece.

Your Path to Greek Residency and Beyond

Embarking on the application journey for the Greece Golden Visa is a straightforward and rewarding process. Here's a step-by-step guide to help you navigate your way:

1. Eligibility Assessment: The journey begins with an assessment of your eligibility. Our team of experts will evaluate your qualifications and guide you on the most suitable investment option.

2. Investment Selection: Choose from a range of investment options, including real estate, bonds, or alternative investment funds, that align with your goals and preferences.

3. Documentation Preparation: Collect the necessary documents and complete the application forms. Our experts will assist you in ensuring that all paperwork is accurate and compliant.

4. Investment: Make the required investment as per your chosen option. Your investment will play a crucial role in securing your residence in Greece.

5. Submission: Submit your application to the Greek authorities along with the supporting documents. Our team will facilitate this process on your behalf.

6. Approval: Once your application is approved, you will receive a residence permit, granting you the right to reside in Greece.

7. Residence in Greece: Enjoy the benefits of Greek residency, such as travel within the Schengen area and access to high-quality education and healthcare.

8. Citizenship Eligibility: After five years of permanent residency, you may become eligible to apply for Greek citizenship and further expand your horizons within the European Union.

The application journey for the Greece Golden Visa is designed to be efficient and seamless, ensuring a smooth transition to your new life in Greece and the EU. Our dedicated team is here to guide you at every step, making your experience hassle-free and rewarding. Begin your journey today!

Exploring the Expenses Beyond Investment

While the Greece Golden Visa program offers an enticing path to European residency, it's essential to unravel the costs involved in this journey. Understanding these expenses will help you plan your investment more effectively.

Unveiling Golden Visa Expenses

Beyond your initial investment, there are various expenses associated with the Golden Visa application process. These expenses fall into several categories:

1. Golden Visa Processing Costs:

The journey begins with essential costs related to the immigration process, regardless of whether you choose real estate or financial investments:

• Power of Attorney: Typically ranging from €300 to €400, this covers the legal documentation process.
• Interpreter: For translation and co-signing of important documents, expect an interpreter fee of around €100 to €200.
• Private Health Insurance: Costs vary by age, with rates starting from €100 to €350 per person.
• Immigration Government Fees: Main investor application or renewal comes with a €2,000 fee, while family members aged 13 or older pay €150 per person. Additionally, there's a €16 per person printing cost.

2. Real Estate Acquisition Costs:

If you're pursuing the Golden Visa through real estate, you'll encounter standard transactional costs mandated by law:

• Property Transfer Tax: A fixed percentage (currently 3.09%) of the property's value.
• Land Registry or Cadastral Office: Depending on the property, this ranges from approximately 0.475% to 0.575% of its value.
• Notary Public: Authentication of the property acquisition typically costs 1.5% to 2% of the property value, plus VAT.
• Real Estate Agency (Optional): If you engage a real estate agency, their fee is often around 2% of the property price, plus VAT.

These expenses collectively form the financial landscape of your Golden Visa journey in Greece. Keep in mind that the true property value is determined as the higher amount between the objective (tax) value and the actual price agreed upon.

Embark on your Golden Visa journey fully informed about these expenses, ensuring a smooth and budget-conscious path to European residency.