According to the Greece Prime Minister, the minimum investment amount in specific areas will be raised to EUR 500,000 from May 1, 2023. Currently, the amount of investment in real estate option of Greece golden visa is EUR 250,000 with no regards to the region of the property. However, in order to make the housing more affordable for indigenous, there will be an increase in the investment amount of Athens and Thessaloniki – the two largest cities of Greece, and on the islands of Mykonos and Santorini.
As the investment amount remains still in other regions, Greece golden visa is considering an affordable investment route with many benefits, such as:
- Right to live, work and study in Greece
- Freedom of movement in Europe’s Schengen Area
- The right to stay in any Schengen country for up to three months every six months.
- Retain permanent residency without physical presence obligation
- Enjoy the high-quality healthcare service and excellent English, French and German schools, and universities.
- Benefit from the rental income properties in Greece.
- No tax on foreign income and activities in the primary country of residence.
On top of these benefits, The Hellenic Republic allows to obtain a residence permit not only for the investor but also for their immediate family members:
- A Spouse
- Children under the age of 21
- Parents of both spouses
It should be noted that the granted Residence Permit will be renewable unlimitedly provided that the investors do not sell the property.
Also, after seven years one can apply for Greece citizenship. Greece ranks among the world’s leading “residence by investment” programs and due to the decision of some countries to put a stop on their golden visa scheme such as Pohttps://mics.global/portugal/rtugal and Ireland, it will be no surprise for Greece to become the destination of choice for wealthy expats around the world.
In MICS Global, we can provide you the most suitable investment option according to you need. You can have a consultation with our experts and visit our website for more information https://mics.global/greece/.
