GREECE
Greece or the Hellenic Republic, the origin of Western civilization, is one of the safest and most popular tourist destinations in the world with the high civil security, modern healthcare infrastructure, and international education system in the European Union famous for its sunny climate, scenic landscape, Mediterranean’s gastronomy, heritage sites, and a mixture of ancient and modern culture. The Investment Residence Permits known as Golden Visa Program launched in 2013 provides permanent residency with unlimited renewable option every five years with no requirement to live in Greece to retain it. Applicants and their dependent family members can live and study in Greece and gain freedom of movement within the entire Schengen area with the option to obtain the seventh most powerful passport and Greek nationality if residing 183 days per year in Greece for seven years.
Capital : Athens
Language :Greek
Population : 10,300,000
Currency :Euro (EUR)
PROCESSING TIME
• 3 to 4 months
VISA FREE COUNTRIES
• Visa free access to the Schengen Area
INVESTMENT TYPE
• Real-estate investment
• Securities or Bank deposit investment
INVESTMENT AMOUNT
• Minimum property acquisition of EUR 250,000
• Minimum EUR 500,000 for other investment types
DEPENDENTS FAMILY
• Spouse, children under 21*, dependent parents and in-laws
*Can be renewed until the age of 24.
KEY BENEFITS
• Right to live, work and study in Greece
• Freedom of movement in Europe’s Schengen Area
• Retain permanent residency without physical presence obligation
KEY FACTS
Obtain permanent residence in Europe in a fast, reliable, and flexible process.
The possibility of an unlimited renewable residence permit (each time for 5 years).
No physical presence obligation to retain permanent residency.
Citizenship for adults residing in Greece 183 days per year for 7 years.
Citizenship for children under 18 studying in Greece for 6 years in a row.
No need for an interview, language, education, managerial or business experience for permanent residency.
The option to transfer the property to the child aged 24 and more and have parents’ residency through family reunification.
High-quality healthcare service and excellent English, French and German schools, and universities.
GLOBAL MOBILITY
The right to live, work and study in Greece.
Visa-free travel to the Schengen Area.
The right to stay in any Schengen country for up to three months every six months.
Visa-free travel to +180 countries including the United States of America with the Greek passport.
ASSET PROTECTION
No tax on foreign income and activities in the primary country of residence.
No income tax for non-residents, residing less than 183 days per year in Greece, except on the property rent income.
No VAT on the properties built before 2006
Rental income of 2.5-4.5% on residential property and 5-7% on commercial property.
Low-cost European permanent residency program.
INVESTMENT TYPE AND AMOUNT
TIMELINE
After retaining MICS and paying its initial professional fee, the first step is to choose the investment type and sign the property reservation agreement and pay the 10% deposit of the property in real estate acquisition type.
The applicant can choose the property in person or via a video call.
For the online acquisition the applicant needs to sign the power of attorney (POA) in the Greek embassy in his country of residence.
MICS will provide required documents to complete this procedure at the pertinent Greek embassy.
Greek immigration facilitates the procedure by simple documentation list.
The only required documents are the civil documents.
The applicant must pay the property funds remaining balance in full within maximum 6 weeks to have the application ready for submission.
The MICS processing team can prepare the application after having civil documents and the receipt of property payment.
At this stage, MICS second professional fee will be due.
The permanent residence application results in blue paper issuance within 24 hours.
The client needs to travel to Greece for in-person biometric data and fingerprints collection.
The clients and family members can enter Greece and stay in the country as long as they wish, with the blue paper, regardless of the country of the origin if they need the Greek temporary visitor visa or not.
Once the PR cards are issued, they can be collected in the MICS head office, or they can be delivered to the applicants by registered mail.
This is when the payment of MICS professional fee balance will be due.
