GREECE


GREECE RESIDENCY / CITIZENSHIP BY INVESTMENT

Security. Opportunity. Peace of mind.

European residency or citizenship for investors and their families. Live and work in the EU.

In an effort to support the country's economy, Greece, a Mediterranean country located in the center of Europe, is offering residency or citizenship status to foreign investors. The Greek passport is similar to the passports of Germany, France, or any other EU country; Greek passport holders may live, work or study in any country belonging to the European Union.

International business executives, investors, VIPs as well as affluent citizens worldwide consider an alternative residency or citizenship a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable.

LIVE, WORK OR STUDY IN ANY OF THE EU COUNTRIES

The Greek Immigration by Investment programs provide for affluent persons of impeccable standing and repute, including their families, to receive the Greek residency or citizenship (EU passport) on the basis of an investment in Greece. Once citizenship is granted, the applicant may live, work or study in any of the member countries of the European Union.

VISA FREE TRAVEL TO OVER 170 COUNTRIES, INCLUDING THE USA

The Greek residency (also know as the "Greek Golden Visa") provides for visa-free travel to the 26 member countries of the Schengen zone. The Greek citizenship offers full European Union benefits, including visa-free travel to more than 170 countries in the world, including the USA, Canada, Middle East, Africa, Asia, and most countries in North, Central and South America.

A BETTER QUALITY OF LIFE FOR THE FAMILY

Greece is a safe country that enjoys a low cost of living index. The country has long been a vacation spot for Europeans and high net worth individuals who flock to the island for its sunny and warm climate year-round. Greece offers a modern infrastructure ranging from reliable phone and internet service to secure banking to well-established air and sea routes connecting the island to the European mainland and international destinations.
Greece is a democratic and developed country with an advanced high-income economy, a high quality of life, and a very high standard of living. The economy is service-based, with tourism and shipping being two of the key industries.

Greece Golden Visa

Residency allows the applicant to live in Greece as long as desired. You are not required to live in Greece prior or during the Golden Visa residency application, or even after residency has been granted. The processing time for residency is about two months.

Residency can be obtained through an investment in Greek real estate valued at a minimum of EUR 250,000. The Golden Visa you obtain absolute ownership of your property and get your own title deed. The residency is permanent with renewal every 5 years and as long as you keep the property under your ownership.

You and your family will have free access to the Greek health system and also your children will be free to attend the Greek educational institutions (schools, universities etc.).

Greece (EU) Citizenship

Greek citizenship, meaning the EU passport, allows the applicant to live, work, and study in any of the EU member countries, not just Greece.  If desired, citizenship may be applied for after 84 months (seven years) in permanent residency status, having spent at least 180 days per year in Greece.


Please contact us for a detailed cost estimate or confidential consultation. Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Greece Residency / Citizenship by Investment programs.



GREECE RESIDENCY / CITIZENSHIP BY INVESTMENT

Program Information

The government of Greece is offering Greek residency and citizenship (European citizenship) to foreign investors who contribute to the country's economic development.

Greece, a Mediterranean country located in the center of Europe, has been a member of the European Union since 1981 and the Schengen Area since 2000. Greece became a Eurozone Member in 2001. The country has produced streamlined legislation to create an efficient process by which non-EU residents may obtain a residence permit - and citizenship if so desired - based on investment.

The Greek permanent residency program ("Greece Golden Visa") allow applicants to live in Greece indefinitely and lifts traveling restrictions and elaborate visa requirements across the EU. Permanent residency is granted on the basis of an investment in Greece.

The Golden Visa you obtain absolute ownership of your property and get your own title deed. You and your family will have free access to the Greek health system and also your children will be free to attend the Greek Educational institutions (schools, universities etc.). You are not required to live in Greece prior or during the Golden Visa residency application, or even after residency has been granted. The residency is permanent with renewal every 5 years and as long as you keep the property under your ownership.

The Greek Citizenship by Investment Program (CBI) offers affluent persons of impeccable standing to receive the Greek (EU) citizenship and passport after seven years in permanent residency status, having spent at least 180 days per year in Greece.

Qualified candidates include international business executives, investors, public figures, VIPs, and important persons - many of which are are active worldwide - who meet the minimum application requirements.

Applicants consider an alternative citizenship and passport a powerful tool for international tax planning and as a safety net should the living conditions at home become undesirable.

Application Requirements / Eligibility

The Greece Golden Visa Program is considered one of the most affordable residency by investment routes to Europe. The Program grants visa free access to the Schengen Zone to the applicant as well as the family within 2 months of submitting an application.

To meet the residency program requirements an applicant must invest in local real estate valued at no less than EUR 250,000. Further, the main applicant must be at least 18 years of age and have a clean criminal record. The main applicant may also add dependents to a residency or citizenship application, including his/her spouse, children, and parents.

Residency Investment Options

Applicants may acquire Greek residency through 1) a property purchase, or 2) a timeshare agreement, or 3) the purchase of a plot of land.

Investment Option #1: Real Estate Property Purchase. The applicant invests in property at a minimum value of EUR250,000 in any part of the country. This includes mainland Greece as well as the surrounding islands. Both residential and commercial buildings are eligible.

Investment Option #2: Timeshare Agreement. Instead of purchasing a property, an applicant may chose to sign a 10 year time-share agreement, provided the minimum value of this lease is EUR250,000.

Investment Option #3: Plot of Land Purchase. The third investment option entails the purchase of a plot of land. As with options 1) and 2), the value of this transaction must also total at least EUR250,000. Counting towards this sum are the value of the land plus the value of the development contract signed with a construction company.

The timeframe for application processing is approximately two months subject to having completed all documentation and the investment.

Applicants consider an alternative citizenship and passport a powerful tool for international tax planning and as a safety net should the living conditions at home become undesirable.

Eligibility for Greek Citizenship

To qualify under the regulations, a main applicant and his/her family may apply for citizenship after seven (7) years in permanent residency status.

Application Timeline

Step 1 - Review and Select Qualifying Investment. Please use our contact form to receive a complete checklist of application documents and cost estimate for you and your family. If you apply for more than one family ask us about a group discount. There is no fee for this initial consultation. Our team can advise you on unique/specific searches or present investment options taking into account your investment preferences.

Step 2 - Prepare Residency Application. Collection of documents such as birth certificates,
marriage and divorce certificates, as well as police clearance that must be submitted with the application. This step takes approximately two (2) weeks.

Step 3 - Application Review. The Greek Authorities issue a receipt of application which may be used as a temporary permit before the final residence permit is granted. The document is valid for a year. The application is reviewed and due diligence checks are carried out. This step takes approximately two (2) months.

Step 4 - Golden Visa Issued. The permanent residency document (Golden Visa") is issued after successful review of the application materials submitted to the government.

Step 5 - Citizenship Application. Following seven (7) years of residency, the applicant may file for Greek citizenship.

The application process for residency is expected to take about two months. Government filing fees and attorney fees are in addition to the investment minimums.

Why Greece?

With its warm and stable climate and convenient geographical position Greece is considered an attractive place for residence. Over 300 days of sunshine a year classify the island as one of the sunniest European locations.

Greece is a typical Mediterranean country in the center of Europe, with a history dating back to the 5th Century B.C. The economy is service-based, with tourism and shipping being two of the key industries.

Following an economic recession, Greece has embarked on an extensive reform effort, which is set to improve investor confidence and attract new business. At this time of recovery, the Greek real estate market offers unique investment opportunities for individuals and businesses wishing to access property in Europe at highly competitive prices.

Greece has a modern, free-market, service-based economy, with an effective and transparent regulatory and legal framework, giving international investors and businesses confidence to invest, grow and prosper

Advantages of Greek Residency

Living in Greece

The Permanent Residency Permit grants a Non-EU national the right to permanently reside in Greece with no renewal requirements. Once granted, the Permanent Residency Permit covers the whole family: the main applicant and spouse, their parents and children under 21 years of age.

You and your family will have free access to the Greek health system and also your children will be free to attend the Greek Educational institutions (schools, universities etc.).

You are not required to live in Greece prior or during the Golden Visa residency application, or even after residency has been granted.

Visa-Free Travel

Permanent residency lifts traveling restrictions and elaborate visa requirements across the EU, facilitating access to the Schengen zone. Visa-free travel covers a growing list of countries, including Germany, France, Italy, Luxembourg and the Netherlands. For other countries, a simplified visa is available to permanent residency holders. (Note: Greek citizenship allows visa-free travel across all 26 "Schengen Area" countries.)

Fast Track Application Processing

Fast track application procedure - all applications are reviewed by the Greek government within approximately two months from the date of filing. The application can be processed in the applicant's absence and filed on their behalf.

Favorable Tax Structure

Becoming a citizen of Greece does not have any tax implications unless you reside in the country for over 183 days during the year

Advantages of Greek Citizenship

No Donations

The Permanent Residency Permit grants a Non-EU national the right to permanently reside in Greece with no renewal requirements. Once granted, the Permanent Residency Permit covers the whole family: the main applicant and spouse, their parents and children under 21 years of age.

You and your family will have free access to the Greek health system and also your children will be free to attend the Greek Educational institutions (schools, universities etc.).

You are not required to live in Greece prior or during the Golden Visa residency application, or even after residency has been granted.

No Requirement to Physically Reside in Greece

The applicant and his/her dependents are not required to reside in Greece after obtaining Greek (EU) Citizenship. EU citizens are free to live in any EU member country.

Free Movement of Persons

Freely travel, reside, study and work within the 26 countries of the EU, as well as Switzerland, Norway, Iceland and Liechtenstein.

The whole family can obtain Greek Citizenship i.e. the main applicant, his/her spouse, children under 21 years. All can travel, reside, study and work freely within the EU.

Parents may be included in the application.

Free Movement of Services

Individual citizens and their companies can offer services within EU member states without obstacles. 

Free Movement of Capital

Greek passport holders can transfer funds between EU member states, purchase property in any preferred EU country, and invest in any type of business venture.

Free Movement of Goods

All goods produced in EU member states can be freely transferred between countries of the European Union.

High Standard of Living

Greece presents a high standard of living due to its access to reputable private schools, trustworthy private medical facilities and having among the lowest crime rates within Europe.

Visa Free Travel

Greek passport holders do not require a visa to travel within the EU and also to travel to over 170 countries.


Please contact us for a detailed cost estimate or confidential consultation. Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Malta Residency / Citizenship by Investment programs.


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CONTACT FORM



Migratas Holdings Ltd.


Spyrou Kyprianou, 84
4004, Limassol, Cyprus
Phone: +357 25 7310 35
Service Enquiries: service@migratas.com
General Counsel: legal@migratas.com
Company Registration No.: HE380748