For everyone, who has always wanted to access Europe with utmost ease, you have the most incredible opportunity of all the time. With several Golden visa programs getting launched in the last few years by some European countries, it seems like the world is at our feet now.
In simplest of words, anyone, from any part of the world, can now apply for the Golden visa of Spain, Greece, and Portugal to settle in Europe. You can live the European life to the fullest through the various investment options these countries offer.
If you are wondering, what the Golden Visa program is, you will understand it through this guide. Besides, you will get all the answers about which all country residents can apply for this and how?
So, without further ado, let’s begin.
Greece Golden Visa program in a nutshell
Being a member of the EU, Greece has started a residency-by-investment program to support the country’s economy. The Greece Golden Visa program worked miraculously and gave thousands of eligible investors an excellent opportunity to settle in the country.
The program was launched in 2013 by Enterprise Greece and grants a renewable five-year residence in return for a real estate investment. The foreign capital holders can invest in real estate, public bonds, funds, local companies, and other types of assets. However, there is a set of rules and regulations along with the eligibility criteria to apply for it. If an applicant fails to qualify, he won’t be entitled to the Greece Golden Visa.
So, who all are eligible for this program?
Anyone who meets the following requirements can be granted a visa.
- Buy a real estate property valued at a minimum amount of €250,000
- Obtain a lease agreement and retain it for at least ten years
- Make a capital investment of at least €400,000 in a registered Greek company
- Invest at least €400,000 in Greek government bonds.
- Investment of minimum €400,000 in shares of real estate investment companies.
- Deposit €400,000 in a Greek bank.
- Make an €800,000 investment in corporate or government bonds.
Apart from this, the principal applicant must be above 18 years and have a clean criminal record in any country he has lived in.
Also, don’t forget to obtain health insurance covering the entire duration of your stay in Greece.
Besides, you also require the following documents
- Latest passport size photographs (colored)
- A valid passport
- Government-issued ID cards
- Completely filled application
Once you have satisfied the requirements mentioned above, you are almost halfway there to your next home. You will be verified, and upon successful approval of the application, you will receive your visa within three months of the procedure.
Furthermore, no matter which country you belong to, you can register yourself for the Greece Golden Visa. So, does this mean that even Americans can apply for it?
Learn more about the program in our Ultimate Guide to Greece Golden Visa.
Can Americans apply for Golden Visa in Greece?
Yes! Just like the citizens of every other EU and non-EU country, all Americans can apply for the Golden Visa in Greece.
Besides, if you are a US citizen, you can get your Greece Golden Visa for US Citizens by applying at a Greek Embassy and fulfilling the requirements as mentioned above.
Furthermore, holding a Greece Golden Visa for US citizens has proved to be a boon in the long run.
How? Well, go through the section below for the answer.
Greece Golden Visa Benefits for US Citizens
Here are some of the benefits of the Greece Golden Visa for US citizens. Not just the applicant but also the family has the right to move to the country and seek all the facilities offered to a Greek resident.
Visa-Free Travel to Schengen Countries
There are 26 countries that have been included in the Schengen zone. If an American citizen receives the Golden visa, he can travel to all these countries without any additional visa or documental requirements. Moreover, the Greek residency offers all the EU benefits, including visa-free travel to more than 170 countries in the world, like Canada, Middle East, Africa, Asia, and many countries in North and South America.
The Right to Live in Greece
Not to mention, there is no stay requirement to be eligible for a Greek Golden visa. However, the applicant and the whole family has the right to live in the country once they get their visa issued. Moreover, residence permits are generally received within 30–60 days.
The Greece Golden Visa for US citizens can be extended to invite the family members like the spouse, children (below 21 years), dependent parents, etc. Moreover, if a child above 21 is a student (below 24 years), he can be included in the application. Besides, the whole family can benefit from the ex-pat services provided in the country.
Low Cost of Living and Healthcare
Once you have the visa issued, you have the right to access Greek healthcare and lifestyle. The country offers some world-class medical services in both private as well as public healthcare facilities. Besides, living in Greece is undoubtedly extremely affordable. The rent of accommodation, as well as food per month, is not at all heavy on the pocket.
International Schools with American Curricula
Americans who are afraid about their children’s education don’t need to worry at all. The country is home to some great international schools that teach American Curriculum as well. Although they might charge a tuition fee bigger than the public institutes, the children will enjoy their lessons. The mode of teaching in most of these schools is English.
Favorable Tax Treatments in Greece for US Citizens
There are no tax implications unless the visa card holder resides in the country for over 183 days during the year. Apart from that, you will have to pay tax for income generated in Greece. The rate for rental income from the property is 11%-33%.
A European Lifestyle for Americans
As compared to the USA, Greece has a higher standard of living. Not to mention, it has a developed education system, superb medical facilities, and also has the lowest crime rates across Europe.
So, that’s all about the Greece Golden Visa for US citizens. If you wish to pursue the dream of becoming an international investor and settling in Europe, there is no better route than this one.
Get Golden Visa: Who We Are And What We Do
Get Golden Visa is a full-service investment immigration agency & investment advisory company. We provide end-to-end solutions on residence and citizenship by investment programs in numerous countries worldwide.
We have a local office in Athens, Greece with legal professionals and chartered real estate professionals in our team.
We work with clients from all around the world, interested in obtaining Greece Golden Visas or in making real estate investments in Greece.
Contact us and talk to one of our experienced team members to help you with any and all your questions.