Greece offers the most economic Golden Visa program in Europe and also is the heart of Europe where the western civilization began. Moreover, the climate, beaches, islands or the way of living, made the country a very attractive option for international investors. One of the most famous programs is the Golden Visa Greece, which gives the residence in exchange for an investment in the real estate market. In the next article, Elaine Wang, Orience International specialist in compliance, explains the main changes in the Greek Golden Visa program:

Latest update of Golden Visa Greece program:

Here are the main changes of Law 4251/2014 that are now in force (after the publication of the Law 48/68/2020) :

1) We no longer need the passport in order to receive the Golden Visa, only a certified copy of the passport and the blue statement. The Law doesn’t specify who must certify the copy of the passport, but most likely passports will be certified by greek lawyers.

2) The Investor doesn’t have to pay the whole purchase price before the time of the contract, just before the filing of the application. In this case, two contracts will be signed a) the main purchase contract and b) a receipt – contract for the final payment of the purchase price. Moreover, an additional statement drafted and signed by the Notary which will include all the details of the payment will be required.

3) The Ministers of Economy, Development and Immigration are authorized by Law to issue a joint decision in order to adjust the minimum purchase price for the investment and to draft a catalogue of different areas of Greece with different minimum purchase prices for the investment with a duration of at least five years.

4) For the children of the Investor, the Golden Visa can be renewed for another 3 years, until the child becomes 24 years old.

At Orience International we have an office and a team in Athens that can help you through the entire investment process and will accompany you so that you and your family have the visa.

Contact us

Residence by investment or, what is the same, the Golden Visa is a program that grants residence in exchange for a minimum investment of money in the real estate market of the country in question. The investment varies depending on the country, Spain, Greece and Portugal and provides a large number of advantages for the investor, which may also vary depending on the program, and also his family.

Main advantages about de Golden Visa program

Freedom of movement throughout the Schengen area: with the residence, the international investor will be able to move freely throughout all European countries.

Regrouping the family: both the Golden Visa in Spain and Portugal allow the investor to regroup his entire family (wife, children under 18 or financially dependent). In the case of Greece, the wife, children under the age of 21, the investor’s parents and the parents-in-law are included.

Right to work: the Golden Visa Spain and Portugal grants the right to work on the investor’s own account or that of others. It does not happen in the case of Greece.

Access to the healthcare system: both the investor and their families will be able to access healthcare in the country in question completely free of charge.

– Access to the educational system: as we have previously commented, minors can benefit from most of the advantages of the Golden Visa and one of them is access to school for children and teenagers.

Good quality of life: Spain, Portugal and Greece are countries with an unbeatable quality of life. With a very pleasant Mediterranean climate, the three countries offer quality essential services at an affordable price.

Easy process: Another important advantage of the three Golden Visa programs is that they can be applied for and processed without leaving the country of origin.

Likewise, in the case of Spain and Greece, a minimum stay in the country is not required to have residence. In the case of Portugal, the international investor must be in the country a minimum of 7 days during the first year and 14 days thereafter.

At Orience International we help and advise you so that you can get the Golden Visa quickly and without leaving home.

Contact us, we will be pleased to help you.

Last week, Fashion TV interviewed Christos Vergos, investment manager in Orience International and Summit Venture partners in Greece and real estate market expert, to know the main reasons to invest in Greece.

As Vergos explained,  Greece offers the most economic Golden Visa program in Europe and also is the heart of Europe where the western civilization began. Moreover, the climate, beaches, islands or the way of living, made the country a very attractive option for international investors. “It is the closest and easiest way for someone to get in Europe. All that features make us the number one in preference today”, Vergos said.

On the other hand, Orience International has an experienced of more than 10 years providing the permanent residence permits or the Golden Visa, which gave the company a huge knowledge on the field, experience and an international view about the market.  Summit Venture partners is an investment fund with extensive experience in the acquisition, reform, sale and rental of properties in Europe.

See here the interview and discover why you should invest in Greece:

Greece is one of the countries of the European Union that has best managed the coronavirus crisis, with numbers of infected and dead well below the average in other countries. But, what has been the key to success? Here are the main reasons, according to the Greek political scientist Takis Spappas.

1– Executive model: As Spappas argues, Greece has a centralized state that facilitates rapid decision-making. On the contrary, in those more decentralized states it has cost more to make decisions and implement the necessary measures.

2- Parties in the power: It is easier to manage a crisis of this type with a government formed by a single party in command than a coalition government where there may be more disagreements.

3- Quick decision-making and efficient management: With the first cases of coronavirus in the country, the Greek President, Kyriakros Mitsotakis acted and ordered to close schools, public institutions, churches, restaurants, theaters and confined the population.

More specifically, on February 26 the first citizen with coronavirus was detected, and it was the same day when the government canceled all the carnival streets and prohibited all school outings. It was March 10, with 89 infected, when Mitsotakis forced the majority of businesses, schools and universities to close. On March 12, with the first death, the Greek government decided to close everything except supermarkets and pharmacies. The result of efficient management is that, today, 108 dead and 2,224 infected.

4- Health system: Faced with the threat of a pandemic, the government hired more than 3,000 workers in the health sector. Likewise, ICU beds were adapted, going from 565 beds to 997.

5- Exemplary citizenship: Another element to take into account is the discipline and obedience of the Greek citizens, who have faithfully maintained the confinement and the measures taken by their government. 

Greece, destination for international investors

In recent years, Greece has positioned itself as a very attractive country to reside and work. With an excellent quality of life and a pleasant climate and bustling cities steeped in history, it is an excellent country to invest in. Greece has the most affordable Golden Visa investment program in all of Europe. At Orience International we help you throughout the investment process and advise you with residency and citizenship programs.

Contact us!

 

Source: Libertad Digital

The situation that is being experienced in many countries is delicate, for this reason at Orience International we are by your side, working to offer you a quality and efficient service. All our teams in Spain, Greece and Portugal are active to accompany you in all phases of your project and to solve all your doubts through personalized attention.

Below what the last hour is about Greece and Portugal:

According to the latest news, the Greek government has decided to extend the lockdown for three more weeks until the end of April, specifically on the 27th, with the aim of slowing down the spread of the virus and protecting the population, as most European countries are doing .

At the moment, the Hellenic country has a total of 1,673 positives and a total of 68 deaths due to the coronavirus. Since the beginning of the lockdown, the Greek authorities have prohibited citizens from going out and all economic activity has stopped.

Check here the measures that have been taken in Greece.

Portugal is another of the affected countries. With a total of 11,300 infected and 275 dead, according to the latest official figures, the Portuguese citizens are also confined since the end of March. As reported by the country’s authorities, there are still no dates for the return to normality of companies and educational centers such as schools and universities, although President Antonio Costa has advanced that the isolation measures could be extended up to three months.

 

 

 

Due to the situation of the COVID-19 all around Europe, the Greek Government has approved and implemented some measures in order to limit the spread of the virus within its borders.

Country-Specific Information:

A curfew is in effect March 23–April 6 throughout Greece. Violators will be fined (150 Euros per violation). Those who leave their residence must have a valid reason to be out. Such reason shall be documented via a specific form (Type A Form relates to work and Type B Form is for essential personal movement (i.e. supermarket, doctor/pharmacy, help someone in need, ceremony (wedding, baptism, funeral), physical exercise). Instead of filling out form B, one may send an sms message to 13033 which is free of charge. Those who are out, must carry with them either an identity card or passport at all times as they are subject to police checks.

  • Greek authorities have banned gatherings of more than ten people.
  • All museums, including the Museum of Acropolis are closed through the end of March.
  • Schools (nurseries, kindergartens, primary schools, high schools and universities) are closed until April 27th.
  • Restaurants, bars, clubs, cinemas, theaters, playgrounds, gyms and all retail shops are also closed. Online orders are still available.
  • Land borders with Albania, North Macedonia, and Turkey are closed; further closures may be instituted without notice.
  • Air travel between: Italy, Spain, Turkey, the UK and Holland is suspended; the travel ban is continuously under review. Ferry service between Italy and Greece is suspended.
  • The majority of hotels will be closed through April 30 pursuant to government directive. Airbnb and other host platforms are NOT affected by this closure as of now.
  • Authorities have also restricted any movement to the islands except for the respective permanent residents.

Entry and Exit Requirements:

The Greek government announced that as of March 18th through April 18th, non-EU citizens may not enter Greece except for spouses or minors of EU/Schengen nationals, long-term residents, members of government delegations, and passengers in transit.

  • No particular documentation to enter/exit Greece is required at this time.
  • National Public Health Organization of Greece has disseminated guidance on prevention, detection and containment measures to all points of entry to Greece: airports, including airline and ground airport personnel, shipping and ground maritime personnel, border/land entries.

Quarantine Information:

On March 16, Greek authorities announced a mandatory 14-day self-quarantine on all international arrivals. This quarantine period is enforced by random police checks.

See the measures taken by the spanish government.

Effie Andreouloakou, Orience International Lawyer

If you have any questions, don’t hesitate to contact us!