Greece Citizenship by Investment: The Complete Guide

Greece Citizenship by Investment: The Complete Guide

Greece provides one of the best options for citizenship by investment. Greece is a member of the EU, has a stable economy and government, and offers great freedom to its citizens.

Read More: How To Apply For Swiss Citizenship (The Complete Guide)

How much do I need to invest in Greece to get citizenship?

In order to obtain Greek citizenship through investment, you must make a minimum investment of €250,000 in Greece. This can be in the form of real estate purchase, business investment, or government bonds.

Is it easy to get citizenship in Greece?

There are a few requirements that must be met in order to obtain Greek citizenship, but the process is not overly complicated. In general, an applicant must have lived in Greece for at least seven years, have no criminal record, and be able to demonstrate financial stability.

If you meet these requirements, you can begin the application process by collecting the necessary documents and submitting them to the appropriate authorities. The entire process can take several months to complete, but once you have Greek citizenship, you will enjoy all the benefits that come with it. These include the right to live and work in Greece without restriction, as well as access to free healthcare and education.

Can I live in Greece permanently?

Yes, you can live in Greece permanently if you obtain Greek citizenship through investment. However, there are a few important things to keep in mind. First, you will need to maintain your residency status in Greece by living in the country for at least 183 days per year. Additionally, you will need to make sure that your income is sufficient to support yourself and your family. Finally, it is important to note that Greece does have a mandatory military service requirement for male citizens between the ages of 18 and 45.

Does Greece allow dual citizenship?

Greece is one of the few countries in the European Union that allows its citizens to hold dual citizenship. This means that Greek citizens can also hold citizenship in another country, and they are not required to give up their Greek citizenship if they acquire citizenship in another country. However, there are some restrictions on dual citizenship in Greece. For example, Greek citizens who acquire citizenship in another country by marriage are not allowed to keep their Greek citizenship. And, Greek citizens who acquire citizenship in another country through naturalization (by living there for a certain period of time) are required to renounce their Greek citizenship.

What are the benefits of Greek citizenship?

Becoming a Greek citizen comes with a number of benefits. For starters, you’ll be able to live and work in Greece without any restrictions. You’ll also have access to free healthcare and education, as well as other social welfare benefits.

Greek citizens are also entitled to a number of travel privileges. For example, you’ll be able to enter the Schengen Area without a visa, and you’ll also be able to apply for EU citizenship after living in Greece for 7 years.

Overall, becoming a Greek citizen is a great way to enjoy all that Greece has to offer, without having to worry about any immigration-related issues.

What is the Greece Citizenship by Investment program?

The Greece Citizenship by Investment program is one of the most popular programs in Europe and has been running for over 30 years. It has attracted many high-net-worth individuals from all over the world, who have made significant contributions to the Greek economy.

Pros and Cons of a Greece Citizenship by Investment

There are many reasons to consider Greece citizenship by investment, but there are also a few potential drawbacks to keep in mind. Below, we outline some of the key pros and cons of this type of investment.

Pros:

  • Greece citizenship by investment offers a fast track to EU citizenship. Investors can typically obtain their Greek passport within 6-12 months, which is much faster than other routes to EU citizenship such as naturalization.
  • Greece is a safe and stable country with a high standard of living. It is also a member of the Schengen Area, so investors will have visa-free travel throughout Europe.
  • Greece offers significant tax incentives for foreign investors. For example, there is no wealth tax on individuals with Greek citizenship.
  • Greece is a beautiful country with a rich culture and history. Investors can enjoy all that the country has to offer while also enjoying the benefits of EU citizenship.

Cons:

  • The cost of Greece citizenship by investment can be high, starting at EUR 250,000 for a single applicant (plus additional fees). Families may have to pay even more if they want to include dependent children in their application.
  • There are strict requirements that applicants must meet in order to be eligible for Greece citizenship by investment. For example, investors must have a clean criminal record and make an irrevocable investment into the Greek economy (usually through real estate or business ownership).
  • Greece has been through an economic recession in recent years, which has led to some political instability. This could potentially impact the value of investments made by foreign citizens.
  • Greece citizenship by investment is not currently available to citizens of all countries. For example, citizens of Turkey, Iran, and Syria are not eligible to apply.

What documents will I need?

In order to become a Greek citizen, you will need to obtain a Greek passport. To do this, you will need to have your birth certificate and a valid ID. You will also need to provide proof of residency in Greece. Lastly, you will need to take a citizenship test.

When do I need to file my application with the Government of Greece?

The Greek Government requires that all applications for citizenship by investment be filed within six months from the date of purchase of the qualifying property.

How to apply for a Greece Citizenship by Investment

Greece offers an attractive citizenship by investment program, which provides a fast-track to Greek citizenship and a European passport. There are two main routes to obtaining Greek citizenship by investment:

  • Investing in real estate in Greece

Foreign investors who purchase property worth at least €250,000 can apply for Greek citizenship. The investment must be made in Greece and the property must be held for at least five years. After five years, the investor can sell the property and still maintain their Greek citizenship.

  • Investing in a Greek company

Foreign investors who invest at least €400,000 in a Greek company can also apply for Greek citizenship. The investment must be made in Greece and the company must employ at least five Greek citizens. The investor must hold the shares in the company for at least three years before they are eligible to apply for citizenship.

Once you have decided on which route to take, you will need to gather the required documentation and submit your application to the Ministry of Interior. The application process usually takes around six months to complete. If successful, you will be granted Greek citizenship and a European passport.

Read Also: 10 Countries With The Cheapest Citizenship By Investment

Conclusion

Greece’s citizenship by investment program is one of the most popular in Europe, and for good reason. Not only does it offer a fast track to Greek citizenship, but it also comes with a number of benefits, including visa-free travel to the Schengen area and access to Greece’s generous welfare system. If you’re thinking of applying for Greek citizenship by investment, be sure to check out our complete guide so that you know what to expect.

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