Does Greece Golden Visa Lead to Citizenship?
Greece Golden Visa Program offers the most affordable route to permanent residence permit in the EU. For this reason, the Greece’s program is one of the most popular golden visa programs among the investors. The applicants may consider the Greece Golden Visa Program an advantageous one because along with its relatively low required investment amount, it gives access to European Union and all of the benefits that come with it. Visa free travel within the Schengen area is one of the most the major advantages that attract the applicants. The applicants may want to upgrade their residence permit to a second citizenship in certain circumstances. There has been an uncertainty around whether if Greece Golden Visa leads to citizenship or not.
The Requirements for Greek Permanent Residency
The applicants are required to invest a minimum of € 250.000 for Greek real estate. The Greek permanent residence permit should be renewed every five years and the applicants have the unlimited right to renew their permit. Also,there is no minimum residence requirement to maintain the residence permit.
Greek Citizenship through Greece Golden Visa
According to Greek Nationality law, Greek citizenship can be received through naturalization after 7 consecutive years of real residency. The applicants are required to succeed in culture and language tests. The authorities expect the applicants to prove their vital interests on Greece for instance becoming a tax resident in Greece. The minimum stay requirement can for the naturalization can be accepted as 6 months per years, but still the decision is left national authorities at the end of the day.
The Future of Greece Golden Visa
Although it would be wrong to state that Greece Golden Visa Program directly leads to second citizenship, it is actually legally possible if the applicants complete certain additional requirements. A simplified way for the Golden Visa holders to complete the process of naturalization remains as one of the expectations for the program.