What Makes the Greece Golden Visa the Greatest Option for Investors in 2024?
For good reason, Greece is frequently cited as the birthplace of modern civilization. Greece has set the standard for what good art and architecture should look like throughout Europe and the rest of the world, with masterpieces ranging from Homer’s Iliad and Odyssey to the Parthenon. Immigrants make up about 13.1% of Greece’s population, which increases the country’s diversity.
One of the nicest things that investors can anticipate for themselves and their families in the modern day is to become Greek residents through the Golden Visa program. Greece is incredibly beautiful, with its scenic places, breathtaking beaches, historical sites, and wonderful climate.
Additionally, you may take advantage of additional benefits and perks through their residency program, making an investment in Greece as one of the most significant decisions you will ever make. You can obtain Greek residency through the Golden Visa program in a few short months.
But how can you even begin the process? What kinds of advantages and benefits come with this Visa? What are the things you need to keep in mind? I’ll explain in this article why getting a Golden Visa for Greece might be your best investment choice ever.
Greece Golden Visa Program Benefits
By investing with the Greece Golden Visa in 2024, you can take advantage of multiple benefits. These are some of the reasons this Visa should be appealing to you if you are a businessperson.
Getting into Europe
Even in the best of times, entry into Europe and the European Union is challenging. It could take a long time to become a citizen of a European nation by traditional means.
Even then, there’s a chance your application will be turned down for a variety of reasons. With the Greece Golden Visa, you can move to Europe and start enjoying the benefits of European citizens nearly right away. It gives you the opportunity to grow your company in the European market, something that most people can only imagine.
Minimal Investment Amount
Greece has relatively little investment compared to several other European countries. While there are other investment opportunities, real estate is the best option.
As little as €250,000 can be used to invest in real estate, and a €400,000 bank deposit is required. You can apply for the residency program if you fulfill the other prerequisites. In contrast to many other European nations, this is a simpler process.
Travel Benefits
You can take advantage of many travel privileges when you possess a Greece Golden Visa. More than 190 nations do not require a visa for entry. Business travelers cannot afford to waste time waiting for their visa to be authorized because the processing of visas takes time.
Additionally, entering the Schengen Zone is rather easy, and gaining access to those countries is otherwise quite difficult. Ninety days out of a six-month period are allowed for travel within the Schengen Zone, including trips to France, Italy, Switzerland, and other nations.
Tax Benefits
Tax benefits are significant to investors. Greece does not charge fees based on your income, in contrast to other nations. As a result, your high income does not need you to pay greater taxes.
There is a flat annual tax of €100,000 that you can pay regardless of your income level. You don’t think paying taxes must be a sacrifice of your hard-earned money. There are further ways to save taxes.
Advantages of Having a Greece Golden Visa
Once you get your Golden Visa, you will be able to take advantage of many privileges. You will undoubtedly think of it as your dream destination once you realize the whole range of advantages.
Incredible Way of Life
Greece is a friendly nation where you can lead a wonderful lifestyle. Greece has a traditional way of living. Greece is the place to go if you prefer to appreciate life’s small pleasures, savor luxury, and reap the rewards of labor rather than just getting by day to day.
Furthermore, given to the large influx of immigrants and foreigners, English is commonly spoken, and Greece boasts a very open and international culture.
Sell Real Estate Property
The Citizenship by Investment scheme requires a one-time investment in several nations. This implies that you need to have various sources of income because, once you invest in the nation, you don’t really get any returns on it.
On the other hand, you have the choice to sell the property after five years if you decide to invest in Greek real estate. Therefore, if you sell your house five years after making an initial investment of at least €250,000, you will receive your money back.
This is to allow you the option to leave if you so want, however that is rare! Rental returns are another possibility, based on the type of property.
Minimal Charges
Additionally, the application process doesn’t come with an enormous cost. And only after submitting the application can you make that payment.
When compared to the application fees in many other nations, this is a very small amount. Upon submitting the application, you have paved the way to become an EU citizen shortly.
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GET IN TOUCH WITH US
Simard & Associates helps clients apply for citizenship and residence under the applicable programs. To schedule an initial free consultation, get in touch with us.
GET IN TOUCH WITH US
Simard & Associates helps clients apply for citizenship and residence under the applicable programs. To schedule an initial free consultation, get in touch with us.
