Alternative Immigration Solutions Through Investment

In an era where the path to changing one's place of residence often involves bureaucracy and difficulties, golden visa programs offer quick and simple options.

They enable individuals with available resources to obtain a residence permit or even citizenship by investing in:

• Real estate and buildings

• Business activities

• Government funds and reserves

Despite the tightening of rules in many countries, opportunities remain open to those seeking a new identity or a country with greater freedom of movement.

Golden Visa in Greece
New Law (from 2024): Allows third-country nationals to obtain a residence permit through investment in intangible securities traded on the Greek stock exchange, such as:

• Greek government bonds

• Shares of Greek companies

• Bonds of Greek businesses

Minimum investment: €800,000
(As of March 31, 2024, increased in specific areas, such as Attica, Mykonos, Santorini)

New Requirements and Clarifications
Value and Size Restrictions:
Investment in a single property, with a minimum area of 120 m².
Co-ownership is allowed, with proportional costs.

Areas with stricter criteria:
For areas such as Attica and Thessaloniki, the minimum value is €800,000.
In other areas, the threshold is €400,000.

Investment Options:

• Conversion of use to residential (minimum value: e.g., €500,000)

• Properties in listed or under restoration buildings

• Industrial buildings, with a 5-year restriction on non-operation

Process and Transitional Provisions
Renewals and Permits:
The residence permit is valid for 5 years and can be renewed.
Regular leasing is permitted, but not through platforms like Airbnb (short-term rentals).

Purchase and Payment Conditions:
The price must be paid in full before submitting the application.
For purchases made until the end of 2024, special transitional provisions apply, with a 10% deposit.

Opportunities and Advantages of the Greek Permanent Residency Policy
Global Leadership: The Greek program is considered one of the most attractive worldwide, offering flexibility and opportunities to investors.

Quick Response: The application is approved quickly, with the issuance of a temporary card, and there is no requirement for a specific length of stay.

Flexibility in Transfer: Property can be passed on to children, even those over 24, ensuring family continuity.

Boosting Economic Activity: The owner can rent out their property, increasing the financial return on the investment.

Access to European Countries: With Greek permanent residency, one gains access to 26 Schengen countries, with freedom of movement and numerous professional opportunities.

Ability to Apply for Citizenship: After a stable period of residence, holders can acquire Greek citizenship, gaining full rights and protection.

Instructions and Requirements
Residence Requirements: Adults must live in Greece for at least 183 days a year for 7 years.

Children and Family: Children under 18 can study and stay in Greece for at least 6 years before applying for citizenship.

Process: After submitting an application, a temporary card is issued immediately, and full citizenship is obtained after language tests and residence.

Recent News and Transitional Provisions
New Requirements: From 2024, investment limits will be stricter, with certain areas selected for higher limits.

Extensions and Renewals: The residence permit can be renewed, while the buying and selling of properties continue to be facilitated with specific rules.

Investor Protection: Investors have the opportunity to complete their investments within specific timeframes, even if changes to their plans arise.

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