Programs For Greece Residency By Investment
Greece Residency By Investment – When it comes to Residency by Investment programs, Greece also holds another record as having the cheapest residency by investment rate in Europe. The Greece residency by investment program entails investing in Real Estate and some other forms of investments.
The question, most individuals are currently asking is based on the fact that Greece is about to leave the Euro zone. This does not affect the residency by investment program as Greece is still a great place to reside.
Qualification For Greece Residency By Investment
To qualify for Greek residency applicants must fulfill one of the Greece investment options below in addition to meeting the following criteria:
- Be of outstanding character.
- Hold no criminal record.
- Have excellent health.
- Have a high personal net worth.
- Reside with the family members who are included in the application in the country for a minimum of 35 days within a period of five years.
Greece Residency by Investment – Investment Option
The following are means by which you can gain residency in Greece:
1. Real Estate Investment For Greece Residency
For you to reside in the home of western civilization, all you need to do is make an investment of 250,000 pounds in real estate. The real estate investment can either be located on the Greek Island or Mainland and Greece also gives individuals the option of combining the real estate investment as far as it is worth at least 250,000 pounds together.
Another great way to become a citizen of Greece through investment is by investing a minimum of $1,500,000 directly to an eligible business. You make such investments either as a sole investor, or through joint partnership. Joint partnership investment should be an investment of $5,000,000.
2.Process to Get Greece Residency By investment
The residency permit application takes about 40 days from the time of investment for processing to be completed. The individual needs to invest before applying for the Greece residency program.
3.Eligibility for Investment in Greece
For an individual to be eligible to gain the Greek residency permit, such an individual needs to be free from any criminal conviction by a court of law. Also individuals who are deemed to be security risk to the country are not eligible for the residency program. Also to be eligible to reside in Greece, you would be need to be on a valid Health insurance program.
Note:Individuals should be aware that Greece has a very high rate when it comes to its tax law, as individuals would have to pay from 22% of their income rate as tax to the Greek government. Also individuals should also note that the resident permit only allows individuals to live and not work in Greece.
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