3. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Venture Capital Company (VCC) under article 5 of Law 2367/1995 (OJHR A-261) for the acquisition of stock, or capital contribution to a Venture Capital Fund (VCF) under article 7 of Law 2992/2002 (OJHR A-54) for the acquisition of stock, provided that the object of the said Alternative Investment Funds (AIF) is to invest exclusively in companies headquartered or established in Greece. However citizenship can only be granted after seven years of residency. The Directorate for Migration Policy of the Ministry of Migration Policy is responsible for the examination of the application and the decision on the issue or the renewal of the residence permit for the realization of investment activity. The above are granted, by decision of the Minister for the Interior, a ten-year residence permit, which is renewed for ten years, provided the same requirements are met. 6. 2. The property, which can be located anywhere on the Greek mainland or the islands, can be either residential or commercial. The application is then submitted to the official Directorate of Immigration. 11 operating in Greece”. Please download here the whole of Law 4251/2014 "Immigration and Social Integration Code and other provisions", which includes all other categories of residence permits. On the motion of the Directorate of Foreign Investments of the Ministry of Economy and Development, concerning the characterization of the investment and the feasibility of granting residence permit, the entry and residence of third-country nationals may be permitted in Greece for the implementation and operation of the investment. This is why it is one of the more popular Golden Visa programs. Greek Residency by Investment Program has a rather easy to follow list of instructions. The Greek residency-by-investment programme is considered one of the most affordable programmes providing fast-track access to Europe within 2-3 months. Above all, The program entails investing in Real Estate and some other forms of investment. Greeks comprise 2.1% of the total EU population. The residence permits, being granted pursuant to the paragraphs 1 and 4 of this Article, do not establish the right of access to any form of employment. The ability to travel in Europe is one of the top goals for many seeking residency-by-investment programs, and one of the least expensive and easiest ways to obtain it is in Greece. Economic activity in Greece with a minimum investments of €300 000. This website uses cookies to manage authentication, navigation, and other functions. Launched in July 2013 the Greek golden visa program grants a five year residency visa in return for an investment in real estate. There is no minimum stay requirement and children up to the age of 21 are included in the family application. Depending on the amount and the characteristics of the investment, up to ten third country nationals may enter and reside in the country, including the investors, for the implementation and operation of the investment. From 2020 there will be the immediate Greek EU passport for investment of 2 million! Once citizenship is granted, the applicant may live, work or study in any of the member countries of the European Union. Property Closing Costs are approximately 10% . The above third-country nationals, by way of derogation from the provisions of Article 70, par. 24 (Official Government Gazette Α΄ 84) to a beneficiary’s bank account held in a payment service provider, as defined by Law 4537/2018 article 4 par. Timeline Week 1-2. Greece Investment Immigration Programs Overview. The entrance and residence of third country nationals is permitted in Greece, for the purpose of making an intangible investment in Greece in specific forms of securities or a bank deposit exceeding the value of €400,000, either as individuals or through legal entities. Joint buyers can combine investments into one property. Greece’s currency is Euro (€) since it became a member of the eurozone on January 1, 2001. This route provide for non-EU persons to receive Greek residency on the basis of investing in property in Greece. 2 of Law 4002/2011 (Government Gazette 1, no 180). The above third-country nationals, by way of derogation from the provisions of Article 70, par. The Greece Residency by Investment Program was introduced by the Greek government in 2013 to enable genuine investors to acquire residency in Greece by investing in real estate. This is granted through the Greek embassy or consulate within the home country of the applicant. 1. European But Not EU Member States’ Residency by Investment Programs The session cookie is required for authentication, preference tracking, and other necessary functions to fully engage with this website. Copyrights © 2019 All Rights Reserved by GCI - Global Citizenship Investment. Please download here a Brief Guide to Residence Permits for real estate owners in Greece, edited by Enterprise Greece, in the following languages:English, Greek, Chinese, Russian, Arabic and Turkish . Is required for authentication, preference tracking, and other necessary functions to fully engage with website... Worth 250,00… Greece is one of the Schengen Area renewed every five years if the property purchase get right! Consultants will connect with the population of around 11 million, known for embracing a and! Schengen countries, you agree that we can place these types of cookies on your computer out that the residency-by-investment! 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