Conditions of the Greece Golden VISA With Family 2025 : Traveling

Conditions of the Greece Golden VISA With Family 2025

Due to its stunning landscapes, rich history, and vibrant culture, Greece has always been a favorite destination for people looking to relocate. People from outside the EU have a fantastic opportunity to live in Greece by investing in real estate under the Greece Golden Visa residency-by-investment scheme.
This program’s ability to allow owners to bring their families along is one of its strongest features. People can now live in Greece and travel within the Schengen Area without a visa thanks to this. Additionally, Greece’s Golden Visa differs from other EU Golden Visas due to its better conditions and lower spending requirement.

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The article will talk about the pros and cons of the Greece Golden Visa, the most recent changes, and how to apply for it in 2024.

Purpose:

Greece created the Golden Visa program to boost the country’s economy by luring in foreign real estate investment. In exchange for significant real estate investments, the program grants people the ability to reside in the nation, which benefits the housing market and general financial well-being. Investors receive all the benefits of residing in an EU member state in return, including the ability to travel throughout the Schengen Zone without a visa, live in Greece, receive healthcare, and attend school.

Can You Bring Your Family to Live in Greece?

Yes, one of the best things about the Greece Golden Visa is how easy it is for families to get back together. Along with the main application, the Golden Visa lets the following people join:

Spouse: Your spouse is eligible to join you under the Golden Visa.
Dependent Children: Children under 21 years old can be included, and even up to 24 if they are full-time students.
Parents: Both your parents and your spouse’s parents can also be included.

The Greece Golden Visa is a good option for people who want to move to Greece and make sure their family can enjoy the benefits of living in a European Union country.

Can You Work in Greece with a Golden Visa?

Living in Greece is permitted by the Golden Visa, however working there is not immediately granted. However, you can conduct business-related tasks like establishing a corporation, and in certain cases, you can even be able to work independently. According to Greek labor legislation, you may be eligible to work in that capacity if you are a leader of a business in which you have invested. However, additional work permits would be required for normal jobs.

Minimum Investment for the Greece Golden Visa:

The Greece Golden Visa program added new investment limits. These limits depend on the type and area of the property:

€800,000: This investment applies to properties located in high-demand areas, including:

Athens
Thessaloniki
Mykonos
Santorini
Larger islands
- €400,000: This is true for homes in other parts of Greece besides the popular ones.
- €250,000: This minimum investment remains for specific property types, such as:
Commercial buildings that have been turned into homes
Industrial buildings that haven’t been used in five years are being turned into homes.
Listed houses that are being fixed up

Additional details:

Homes that cost between €400,000 and €800,000 must be at least 120 square meters in size.
For the €250,000 investment, the property doesn’t have to be a certain amount.
For homes bought through the Golden Visa program, short-term rentals like Airbnb are not allowed. However, long-term renters are still allowed.

Step-by-Step Application Method for Greece’s Golden Visa:

1. Choose Your Investment Path

Choose whether you want to put your money into real estate, government shares, a business, or something else.
You can choose between €250,000, €400,000, or €800,000 for real estate, depending on your needs and where the house is located.

2. Set Up Legal and Financial Infrastructure

Obtain a Greek Tax Identification Number (AFM).
Open a Greek bank accountfor handling transactions.
Hire a lawyer to help you buy a house and apply for a Golden Visa.

3. Make the Investment

Do your research on the land you want to buy if you decide to buy real estate.
Finish buying the land and get the title deed to ownership.

4. Prepare Documentation

Gather the necessary documents, including:

Passport and recent passport-sized photos.
Proof of health insurance.
Financial documents proving the investment.
Criminal record certificate.
All documents must be translated into Greek and certified.

5. Submit the Application

Use the website https://migration.gov.gr/en/golden-visato send in your application.
Give your biometric information and the necessary paperwork to the local customs office.

6. Await Decision

Expect a decision within a few months.
At that point, you will get a residence pass that is good for two years and can be renewed every two years.

7. Maintain the Golden Visa for 7 Years

To keep the visa, you must stay in Greece for at least seven days every year.
Make sure you keep meeting the standards for residency and investment in order to renew.

8. Pathway to Citizenship (Optional)

If you live in Greece legally for seven years, you can apply for Greek citizenship as long as you meet the language and integration standards.

How Greece’s Golden Visa is Better Compared to Other EU Countries?

Greece’s Golden Visa offers several advantages compared to other EU countries’ residency-by-investment programs:

Lower Investment Threshold: In Greece, the lowest amount you can invest in real estate is €250,000, but in some places, it goes up to €500,000. This is a lot less than the minimum amounts needed in other EU countries, like Spain or Portugal, where investments usually start at €500,000 or more.
Fast Processing: Applications for a Greek Golden Visa are handled quickly—usually in a few months. Other EU countries, on the other hand, may take longer, sometimes over a year.
Minimal Residency Requirements: For the investor to keep their visa, Greece only needs them to be in the country seven days a year. Other EU programs may have stricter residency requirements, sometimes needing up to 183 days of stay each year to keep the visa or renew it.
Family Inclusion: Greece’s Golden Visa lets more family members join, like the parents of both the applicant and the spouse, as well as children under a certain age who count on them. In a lot of other EU countries, family members are limited to the nuclear family, which includes spouses and children under 18.

Family vacation packages

Conclusion:

The Greece Golden Visa may be of interest to non-EU investors who wish to reside in a stunning and historically significant nation. It differs from other residence-by-investment programs in Europe due to its benefits for families, cheap investment requirements, speedy processing, and minimal residency restrictions. Whether you’re interested in the culture, the business prospects, or the ease of travel inside the Schengen Area, Greece’s Golden Visa is a good opportunity to begin a new life in one of the most intriguing countries in Europe.

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Disclaimer!!!

This information is based on personal research and experience, please kindly do your own research and cross-check all the details before making your decisions.

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