The Greece Golden Visa is a program that grants residency permits in Greece to foreign nationals who invest in the country. Launched in 2013 as part of the European Union's investment-based residency permit programs, this visa type aims to contribute to the Greek economy. It offers an attractive option, particularly for those considering real estate investment, and one of the program's most significant advantages is that it grants the right to free movement within the Schengen Area.
One of the most significant advantages offered by the Golden Visa is the right to free movement within the Schengen Area. The Schengen Area is a region comprising 26 European countries that allows visa-free travel between these countries. Individuals who hold a Greek Golden Visa and their family members can travel within the countries of this region for up to 180 days per year without needing any additional visas. This gives investors the freedom to move not only within Greece but throughout Europe. Popular destinations within the Schengen Area include countries such as Germany, France, Spain, Italy, and the Netherlands.
Another factor making Greece's Golden Visa program attractive is that there is no requirement to physically reside in Greece. While many other European countries require a certain period of residence in the country to obtain a residence permit through investment, Greece has no such requirement. This allows investors to continue their business and life in other countries. Investors can obtain this residence permit simply by investing in Greece, without having to live there. This flexibility plays a significant role in the program's popularity among investors worldwide.
In addition, the Greek Golden Visa program also provides residence permits for the investor's family. Under this program, the investor's spouse, children under the age of 21, and parents who are dependent on the investor can also benefit from this visa. Family members also have the right to free movement within the Schengen Area and can reside in Greece.
