When one is in search of a safe and effective way of investing his savings then a golden visa should be of top priority. For many this type of investment in a nutshell means visa-free, easy access to Europe’s Schengen Area. To be honest, the residence/ citizenship by investment programs, as they are also known, are much more than that. Most mid-range European countries, that are trying to increase their GDP introduced to the public their own programs.
So, if one’s still is wondering why get a golden visa at all, 3 are the main reasons:
- Travel perks. Become a European resident and enjoy visa-free trips all over 26 European countries members of the Schengen area (plus 4 countries: Liechtenstein, Switzerland, Iceland, Norway)
- New lifestyle and investment chances. Once you become a European resident you can enjoy a new lifestyle and get ways to invest in a safe financial environment.
- Opt out for alternatives. It is in times of uncertainty we live. It is more than wise to have a plan B and secure the chances to live and work legally in another area.
There are several countries that issue golden visa, such as Portugal, Spain, Malta, Greece etc. Let’s see below some of them.
What are the key benefits of golden visa Greece?
If you are wondering what are the key benefits of golden visa Greece, take a look at the following:
Several investments options
A) In just a few months for a real estate investment of 500.000€ you can become a European resident. Real estate is one of the most popular types of investments. Most governments often find themselves with a property surplus, as a result of funding the construction industry. In Greece one can purchase a single or multiple properties given that the total amount of spent reaches the 500.000€.
B) Greece also offers business/ enterprise investment options too. One can set up a brand-new enterprise. Especially those in the IT field are sought after by most countries. If not start a new business of your own, there is the option of ‘injecting’ capital to a local business helping the local society in terms of employment.
C) Financial products in demand. Whether it is bonds, stocks, funds, or bank deposits, all these are at the investor’s disposal. Owning financial assets is a good idea for creating a passive income, increasing one’s sources of revenue.
Can’t wait to discover what are the golden visa Greece requirements already? Wait till you read the rest benefits by obtaining one. The residence scheme allows you to include your wife and children. The only term is that children are under 21 years old, not married and dependent on you. In addition, this program offers extended Family benefit, which means that your parents or parents in law can also receive cards without further requirements.
Gain the right to live in Greece
As soon as a Greek golden visa is obtained the investor has the right to reside in the country. If relaxing under the warm Mediterranean Sea next to an exotic beach seems like your ideal vacation, then your dream can come true. Purchase a coastal villa and enjoy your stay in a cosmopolitan Greek island. There is no minimum stay limits and its owner enjoys education benefits and healthcare.
Double Taxation Treaty
Chances are that a golden visa owner will not be subject to taxation in Greece, but then again that depends on 2 parameters: i)The country of residence, ii)the time one spends in Greece. One may maintain business activities in Greece and benefit from tax exclusion. Furthermore, there are incentive programs for digital nomads, retirees, which give previously mentioned segments the right to live as tax residents in the country.
What should keep you from finding out how to get golden visa
Are there any drawbacks when it comes to these programs, or should one search immediately how to get golden visa? One thing needs to be clarified when it comes to taxation policy. If an investor is interested in obtaining European citizenship, he then has to spend a certain amount of time in the preferred country. This time is usually 183 days. But the time you will spend there will subject you to tax obligations. This is why one has to plan a holistic approach to a golden visa issuance. In this respect, only an experienced and respected law firm could help a potential investor.
