How to Obtain Greek Citizenship By Descent Written by Jovana Vojinovic. Greece offers a residency by investment program to non-EU citizens who splash $300,000 (£225k) or more on property in the country. Minimum investment required is €250,000, making it Europe’s cheapest. GCI by TCME Group Worldwide is a global leader when it comes to this matter, we know everything about planning second residence and citizenship. Greece’s passport is one of the most interesting citizenship by investment program because it has some of the most beautiful real estate investments in Europe. 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. Greece Citizenship by Investment provides a Golden Visa Program as an avenue or method of obtaining Permanent residence in Europe by investing in real estate in Greece. While Cyprus’ investment citizenship program has been suspended, its residency by investment program, or “Golden Visa”, remains intact. The property that you invest in can be anywhere on the Greece mainland or the islands and can be residential or commercial. There are however some key differences between the two. May I purchase a combination of … This is part of the new renewed efforts by the newly elected Greek government aiming to achieve significant FDI in the country to achieve 3% GDP growth. Greek Golden Visa Program started in 2013 and is considered as one of the most affordable residency by investment programs that provide visa-free travel in Europe. It’s continuing to increase in popularity. They first started their CBI program in 2013. Also, when you gain citizenship, you have several EU rights as well. It is known that Greece is one of the harder countries to get actual citizenship. As of 2018, Greece has become one of them most popular and cheapest golden visa schemes in Europe. This means he is able to purchase property and apply for his residence permit from outside of Greece, from his home country. The country welcomes investments to boost their real estate industry. This represents 80.8% of the world’s wealth measured by GDP and 92.5% of worldwide travel popularity based on international visitors.The 198 total destinations include 170 countries and 28 overseas territories. In July 2015, Greece introduced new amendments to Law 4251/2014 under the Law 4332/2015, giving Non-EU citizens the right to obtain citizenship with all the European benefits LEGAL BASIS The Greece Golden Visa Program is the most affordable and fastest Residency by Investment … The program ultimately awarded its investors with a Greek residence permit but not citizenship. The Greek residency by investment program was established in July 2013. Greece recognizes dual citizenship; Investors can renew their 5-year Residency Permit indefinitely, provided they meet the renewal requirements per the programme; You, your spouse and children younger than 21 years old can acquire Residency Permits provided they meet certain criteria; GREECE RESIDENCY BY INVESTMENT PROGRAMME BENEFITS It has the longest coastline in the Mediterranean Sea. Sure, you can invest in Greek real estate and obtain citizenship that way – in fact, Greece is one of the cheapest places where you can get a residence by investment. Following the launch of several European investment visa programmes it was introduced by the Greek government in 2013 to encourage investment into Greece. This allows the investor to apply for citizenship after seven years of … i. Well, I’d rather n… Many overseas investors have already purchased property for permanent residency. We will reply to your inquiry by email within one hour! The application process takes approximately 40 days from the time of investment until the Residency Permit is issued. Greece is also planning to introduce EUR 2 million citizenship by investment program by 2020 to attract more foreign investment in the country; 1. The Greek government announced it may expand the scheme by introducing government bond and bank deposit options for €400,000 Greece is one of the nicest country in Europe that has amazing investment opportunities. Despite the recent global financial crisis, the country’s economy is thriving and its tourism industry, agriculture and service are booming. This is largely due to the two programs being similarly priced and having similar requirements. “Thank you for your excellent service. The Greek Government established this program in 2013 as a means of supporting foreign investment. Iceland. Update: Greece has abandoned plans to launch a citizenship by investment scheme on or after 2020. You have access to Greek education and healthcare; Duration of a Greece Golden Visa. Invest € … The applicant must: Be over 18 years of age; Have a clean criminal record; Not have been previously deported from Greece; Have legally resided in Greece for at least seven years (in some cases the term is reduced to … However the option for citizenship is there for those committed to living in Greece. Social & political security! Yes. This is one of the main reasons why citizenship by investment programs are so popular and also less time consuming. Permanent Residency in Greece may be obtained through a secure €250,000 (excluding VAT), or more, investment in real estate. Athens. It has unique cuisine, culture, architectural wonders, language and beaches. Greece offers many benefits to high net worth individuals who wish to attain Greece citizenship by investment in real estate. Between January and June 2020, over 22,500 residence permits were granted to non-EU and non-EEA investors and their families who made a property investment of at least €250,000. The golden visa program in … There is also an option of combining many properties to make up the €250,000 minimum … Greek Golden Visas have been very popular among foreign investors for quite some time now. The golden visa program in Greece offers an affordable real estate investment route to permanent residency in Europe. Apart from purchasing real estate, … European Citizenship, From €350,000 An investment in multiple real estates with values exceeding €250,000 (excluding VAT) can also be made to qualify. Greece golden visa is an extremely attractive program which lets an entire non-EU family, which includes the investor’s children aged up to 24 along with the parents of both spouses. Our clients are successful businessmen and their families think smart about their future. However, unlike residency, you cannot apply for Greek citizenship without actually living there and paying taxes. The Greek government introduced the Greece Golden Visa in 2013 to encourage investment into Greece and help restabilize the economy. Receive Greek residency or Greek citizenship (Greek passport) by investing in Greek real estate. Greece Visa Free Access. Citizenship by Investment in Greece; Citizenship by Investment in Ireland; Citizenship by Investment in IRISH; Citizenship by Investment in Malta; Citizenship by Investment in Portugal Golden Visa ; Citizenship by Investment in Portugal ; Citizenship by Investment in Spain ; firstname.lastname@example.org +91-80-8801-8801. Investor Visa Greece Program Overview . The … Greece. It is a fast and affordable program, and that in itself is a huge … Although you can't get greek citizenship by investment since Greece does not have such programme like Malta or Cyprus, any foreign national is … GREECE RESIDENCY BY INVESTMENT PROGRAMME. Visa Free Travel Greece Citizenship by Investment. Gaining visitor visas to travel to Europe and the Schengen zone has become problematic from many countries in the Middle East, Asia and Africa. Greece offers a fully legal residency by investment program; I covered it in a video here. I actually know an attorney who attempted to create an Iceland citizenship by investment program during the height of the economic crisis there; he was ultimately unsuccessful. Greek-Americans are flocking to consulates in the United States and applying for Greek citizenship — even during the pandemic — in hopes that they can more easily travel there in the future. 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