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.

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On other occasions we have talked about the attractions of Portugal in the eyes of international investors. As we have previously explained, the country offers many characteristics that make it a great opportunity for international investments in the real estate sector. In the next post, we tell you how you can get Portuguese citizenship.

How to get the Portuguese citizenship

From the outset, you should know that there are several ways to get Portuguese citizenship and one of them is through investment, and more specifically with the Golden Visa program. It is a program that offers residency, and later citizenship, in exchange for a minimum investment of € 280,000, with other investment possibilities both in the real estate sector and other types of operations.

Once the investment is made, keeping it in time, and after five years, you can apply for Portuguese citizenship to the country’s institutions. You must prove the investment, as well as the minimum stay of 7 days during the first year, and 14 days in the following four years. In addition, you must demonstrate knowledge of the Portuguese language.

Another option is the acquisition of Portuguese citizenship by right, that is, the one granted to a person who has lived in the country for five years. In the same way as in the investment residence, the interested person must prove the stay in the country for a minimum time, be of legal age, have a clean criminal record and a minimum knowledge of the Portuguese language.

Orience International, we are with you

What are your goals? How do you want to manage your assets? From Orience International we advise you on the investment program that best suits your needs and help you with other subsequent services that you may need.

Remember that, despite the state of alarm, we are 100% operational and continue working to offer you the best service. In addition, you do not need to travel or move from your country to request any management.

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A few weeks ago, we talked about the importance and advantages of having a plan B or an alternative plan, especially during the crisis situations, like the one we have now with de coronavirus. However, having a plan B, it is a very interesting option not only for crisis.

When we talk about a plan B, we refer to the fact of having an alternative residence permit or citizenship in another country. Imagine for example a chinese citizen with a second Spanish passport or a filipin citizen with the residence in Greece.

The main advantages of a plan B are that you have more freedom to choose in crisis situations. Moreover, it gives you economic, political and social independence from your country of origin and it also allows you to obtain the program for your family members.

In the video below, Nathan, from de EUA, explains us the benefits of moving to Spain and how here he can benefit from a public healthcare in comparison to the american healthcare which is very expensive.

 

 

We are specialists in obtaining the GoldenVisa. Contact us!