Why Greece Golden Visa is the Best Choice for Investors in 2024?
Greece is often considered the cradle of modern civilization, and not without a reason. From Homer's Iliad and the Odyssey to the Parthenon, Greece has given Europe and the rest of the world the benchmark for what art and architecture should look like. About 13.1% of the Greek population is comprised of immigrants, adding to the diversity of the country.
In modern times, becoming a Greek resident through the Golden Visa program is one of the best things that investors can aspire for themselves and their families. Greece is stunningly beautiful with its historical landmarks, scenic locales, amazing beaches, and splendid weather.
And with their residency program, you can access multiple benefits and perks that will make investing in Greece one of the most important ones in your life. The Golden Visa program in Greece allows you Greek residency in a matter of months.
However, how do you start the process? What kind of perks and benefits will you get through this Visa? What are the points that you need to keep in mind? In this article, I will tell you why considering the Golden Visa for Greece can be your most important investment ever.
Perks of the Greece Golden Visa Program
The Greece Golden Visa allows you to enjoy multiple benefits as an investor in 2024. If you are a business person, then here are some reasons why this Visa should interest you.
Entry to Europe
Entry to Europe and the European Union is difficult in the best of times. If you want to become a citizen of a European country through conventional methods, it could be very time-consuming.
And even then, your application may be rejected on some grounds or the other. The Greece Golden Visa allows you to become a European resident, and you start to enjoy many of the benefits of a European citizen almost immediately. As a businessperson, it allows you to expand your business in the European market, something that others can only dream of.
Low Investment Amount
The investment amount in Greece is low compared to many other European states. Real estate is the best way to invest, although there are other avenues for investing as well.
You can invest in real estate with as little as €250,000, and you have to show a bank deposit of €400,000. If you meet the other requirements, then you are eligible to apply for the residency program. This is a simpler process compared to many other European countries.
Having a Greece Golden Visa allows you to enjoy several travel benefits. You can travel to more than 190 countries visa-free. Visa processing takes time, and if you are a businessperson, wasting time waiting for your Visa to be approved is not an option.
You can also travel with ease to countries of the Schengen Zone, and gaining access to those countries is otherwise quite difficult. You can travel for 90 days in the Schengen Zone for 90 days out of six months to countries like Switzerland, France, and Italy.
As an investor, tax benefits are important. Unlike other countries, Greece does not charge you based on your income. Hence, you do not have to pay higher taxes because you have a high income.
You can just pay a flat annual tax of €100,000, and it does not matter how high your income is. You do not feel like you have to sacrifice your hard-earned money on taxes. There are other methods of tax savings as well.
The Greece Golden Visa is easy to process. You have to meet the minimum requirements, of course, apart from the investment amount. You have to be at least 18 years old to apply, and you must have a clean criminal record.
You also need to make sure that your money for investment comes from clean sources. The application process may include your partner, your children if they are under 21, and parents financially dependent on you. If all the documents are in place and you meet all the requirements, the process is completed in three to four months.
Benefits You can Avail with Greece Golden Visa
You can avail lots of benefits when you finally get your Golden Visa. Once you understand the extent of the benefits, you are sure to consider it as your dream destination.
Greece is a welcoming country, and you get to enjoy an amazing lifestyle. Greece is traditional in its approach to life. So, if you are someone who wants to enjoy the good things in life, savor the luxuries, and enjoy the fruits of hard work instead of simply rushing through days, then Greece is for you.
Moreover, English is widely spoken, and with the influx of immigrants and expats, Greece has a very cosmopolitan culture that is welcoming to everyone.
Sell Real Estate
In many countries, Citizenship by Investment program is a one-time investment. That means that once you invest in the country, you do not really get any returns on it, and you must have other sources of income.
However, if you choose to invest in real estate in Greece, then you have the option to resell the property in five years. Hence, if you have invested a minimum amount of €250,000, then you can get it back by selling your property five years later.
This is to give you the provision to leave in case you want to, but that hardly ever happens! You can also get rental returns, depending on the nature of the property.
The application process also does not cost you a lot of money. And you can pay that only after submitting the application. You have to pay only €220 for a family of four people.
This is very little compared to the application fees of many other countries. Once you have completed the application, you have cleared the path of gaining EU citizenship in the near future.
The Greece Golden Visa has changed the lives of many investors. They have noticed unprecedented growth because of the opportunities and perks that the Greek government provides them with.
In addition, the beauty and tranquility of Greece is so uplifting and emotionally satisfying. Greece is politically stable and offers you and your family a safe haven. You get to enjoy countless travel benefits within Europe and beyond and expand your business in just the way you want.
Organizations like Global Residence Index can help you find out all about the application procedures and how to proceed with the application so that your investment goes on safely and smoothly.