Greece
Permanent Residency in Greece
Permanent Residency in Greece offers the lowest investment option in all the similar programs of the European Union. Greece is located at the crossroads of Europe, Asia, and Africa. Greece has the longest coastline in the Mediterranean Basin and the 11th longest coastline in the world. Greece is a developed country with an advanced high-income economy, along with a high quality of life; it offers a very high standard of living. The country provides free healthcare services for all citizens, residents of Greece, EU citizens, and even expats, and its low crime rate creates a safe environment for families and individuals. Also, the strategic location of Greece gives easy access to the rest of Europe, making it a prime spot for both travel and business.
Greece Residency Benefits
- Visa-free travel in the Schengen Area
- One visit every year
- Lowest investment option in EU
- Earn rental income from your investment
- Fantastic tourist destination
- Fast-track process
Greece Investment Residence Card
The Greece Investment Residence Card, also known as the Greece Golden Visa, was launched in 2013 as a residency-by-investment program. Investing a minimum of €250,000 in real estate gives non-EU citizens a five-year residence permit, which can be renewed as long as you maintain the investment. After five years of holding the residence permit, investors can apply for permanent residency if they have continuously and legally lived in Greece during this time. Through a Greek Golden Visa, you and your family members are given the opportunity to live in Greece and travel across the Schengen region without needing a visa.
Studying in Greece
Another popular way to get a Permanent residency in Greece is to start studying there. From Business Management to Literature, there are around 178 degrees available in Greece. To pursue permanent residency in Greece through education, follow these steps:
- Enroll yourself in a Greek Educational Institution
- Obtain a student residence permit to live in Greece for the duration of your studies.
- After completing your studies, you are eligible to apply for a work permit or other residency options. Continuous legal residence and integration into Greek society can help you take a permanent Greek visa.
Working in Greece
The demand for IT jobs, customer support, healthcare, and tourism in Greece is high. Getting a job is a popular way to secure residency through the EU Blue Card. This card is made for highly skilled professionals from outside the EU. To be eligible, they need a valid work permit, show continuous employment in Greece for atleast five years, and meet other residency criteria. The one who holds this can work and live in any of the 26 member states without needing extra visas or permits.
Being related to a Greek citizen
If you are a close relative of a Greek citizen, you can become a Greece permanent resident. To start the process, the applicant must acquire a temporary residence permit. After living for five years in Greece on this permit, they can apply for permanent residency. During this period, an applicant cannot leave the country for more than two years at a time. Once they have permanent residency, they can stay out of Greece for up to two years and still keep their permanent residency status.
The list of relatives who can apply for this program includes:
- Spouse,
- Partner if registered in Greece,
- Dependent parents or spouse’s parents,
- Dependent children under 21 years old, as well as those of a partner,
- Children who have been adopted by a Greek citizen or their spouse or partner.
Greece Investment Residence Card
Grekodom Development has been operating in the investment market in Greece for over 13 years, offering its clients a full range of development services available to date in the country. Among the investment projects of the company, aiming at ensuring a stable income for the owner, investments that are worth highlighting are those into the hospitality industry, purchase of a ready business, commercial properties and apartments that will be resold or leased.
Greece is first of all a country of an unsurpassed turquoise sea and beaches with golden sand, awarded with “Blue Flags” by the EU for their cleanliness and safety, so an increased demand of investors for purchase and construction of real estate located on the coastline and not far from popular vacation spots, is quite logical. Investing in real estate in Greece is one of the most profitable investment types.
Real estate investment starts at only Euro 250,000 plus taxes & fee.
Benefits of choosing Permanent Residency in Greece
Tax Optimization
New taxpayers can benefit from a preferential tax system for 15 years. Instead of paying up to 45% of their global income, they only pay a flat rate of €100,000 each year.
Affordable
For individuals who want affordable yet high-quality living standards, Greece is the best place for them. The prices of all the things are lowxCompared to many other European countries. Consumer costs in Greece, including rent, are 41.5% cheaper than those in the United States, while grocery prices are 39.9% lower.
Visa-Free Travel
Permanent residents of Greece can enjoy visa-free travel throughout Europe. They can stay in other countries of the Schengen Area for up to 90 days every 6 months. Also, they have visa-free entry to some EU states that are not part of the Schengen Agreement, including Romania, Cyprus, and Croatia.
Can Open a Local Bank Account
If you obtain a Greece Permanent Residency, you can open a bank account at a local bank. With the help of a local bank, you can easily manage your money and do business with people in other countries. Also, you can use euros for transactions, and get good interest for saving money in a trustworthy local bank.
Visit wonderful Places
Greece has many amazing places to visit, such as Athens, to see the ancient Acropolis, enjoy beautiful sunsets in Santorini, or relax on the beaches of Crete. In Thessaloniki, there are cultural attractions. Mykonos is great for nightlife and views, and the Meteora rock formations have lovely landscapes and monasteries. Each place shows off Greece’s rich history and natural beauty.
