Greece  has   the captivating location  for the overseas  investors seeking   to protect   residency   and  citizenship   through   its   Golden visa program. This program permits   people  to  attain the  entry permit ( visa)  in Greece through real  estate  investment, with strong qualification for the  citizenship  of Greece after a few years.  Residential  real estate  has been  the representative way for the  investors, commercial real estate investment  is the   best option. This article outlines the procedure,  advantages and main considerations for protecting Greece  citizenship by investment.

Greek Golden Visa Program

Main feature of the program  is that it  does not need  investors  to  reside in Greece, permit  them  the resilience  to live somewhere else  while keeping the   residency of Greek.  After keeping  the residency  for  7-years, investors   might  apply for citizenship.

The  minimal investment is €250,000, one of the least  among the European  golden visa program  but this  amount is improving to € 500,000 in zones   in 2024. Investors   can meet  this   amount    by buying  either    commercial or residential  real estate. Visit immigration consultants

Eligibility For Greek Golden Visa 

To entitle for the greece’s   golden visa   commercial real estate , investors   should meet  the  following needs;

• The  present   minimal   investment  in real estate is € 250,000 but onward 2024, the  amount   will  increase  to €500,000 in the   higher demand  zones  for example Mykonos, Santorini.
• Investors    should  win the  assets   outright  and through a legal  entity  in which   they keep  the  majority   of shares.
• Investors   can buy   the lone    commercial assets   and   different  small assets  as long as  the  entire value   meets  the  less  investment  threshold.
• Moreover, investors can also rent  the restaurant  and tourism lodging  for less  than ten  years  and sign  the   contract, both   of which are entitled   as real estate  investment   under the  program.

Steps to Protect Greek Residency

Here is a guide  to protect   Greek residency  through  commercial  real estate  investment.

1. Manage through industry search  or  consult   with real estate   agents  to determine commercial assets with  more lease income and  potential of growth.
2. Focus   factors  like position,  economical  activity  in the zone and  zone   condition  when making   the investment.
3. Once  you have found the  asset,  complete the  process of  buying  with assistance of  legal   experts. Make sure  all  documents  are in place and assets   meet the   least  investment  demands.
4. After the asset buy  is  finalized, present  the  Golden visa  application. This   involves  the evidence of ownership,reliable passport and other   documents  like  evidence  of payment  and   clear  criminal  record.
5. The Golden visa   does not need  to live in Greece, you must   maintain the   residency   status   by renewing   the permit   every  five   years.  This  time, you can enjoy the  advantages of Greek residency, involving  traveling within the Schengen  area.
6. After 7 years   of keeping   residency , apply for Greek citizenship. This need  shows the information  of the Greek  language, culture and   completing the   physical  residency demands.