CONSULTANCY
Golden Visa
Golden Visa
Golden Visa (Residence Permit Program) is a residence permit program that has been in effect in Greece since 2013. In this context, it can be given to people who want to invest in real estate worth at least 250,000 Euros in Greece, if certain procedures are followed. A person applying for a Golden Visa; In addition to himself, he has the right to obtain a residence permit for family members such as his wife, children under the age of 21, his mother and father, as well as his wife’s mother and father. Therefore, by obtaining a residence permit in Greece, he gains the right of free movement in the Schengen area. Residence permit is granted for a period of 5 years and is automatically renewed every 5 years as long as the person owns the real estate they have invested in. In addition, with an official decision on 23.12.2020, Greece announced that it will accept remote applications by making a new update in the Golden Visa law. Thanks to this decision, the obligation to be in Greece before or after the application process has been removed and a great convenience has been provided to the investor.
What are the Golden Visa Conditions?
If you bought a property:
The property must belong to you. The land share of the property you own and the 100% usage right of the property should belong to you.
WHY Should You Get a Golden Visa?
- Having a residence permit in Greece, which has the 7th strongest passport in the world, and obtaining citizenship in the following processes gives you an advantage.
- Although the real estate prices, which fell after the 2008 crisis, quickly returned to their old values, real estate values have increased by 2-3 times in the last 3 years. These increases continue rapidly and attract the attention of investors.
- The real estate you buy in Greece, which is the holiday paradise of Europe, can provide you with a regular rental income.
- Spouse, children under the age of 21, mother and father, spouse’s mother and father are also eligible for this visa, depending on your country of residence and the time you spent in Greece, your international income may not be taxable in Greece. Therefore, you can continue your business activities outside of Greece and enjoy some tax benefits.
- As a result of the investment made, the rental income is higher than other European countries,
- Short-term rental methods such as Airbnb are very popular in Greece.
- New construction needs are increasing due to the lack of housing and parking lots,
- Thanks to its history, culture and climate, Greece opens its doors to millions of potential tourists every year.
- Unlike other Golden Visa issuing countries, there is no mandatory residence period in Greece.
- The right of free movement and investment opportunities in the Schengen area are wide.