Why Investors Should Think About Greece Golden Visa Program?

A wide range of people are curious about gaining residence at European Union (EU). Some people need this to open a new business; few want to marry an EU national individual and others are making efforts to obtain wealth visa that can change their tax residency. Such ideas work for all those who are interested in moving to the new country and are planning to stay there. However, many other individuals around the world wish to obtain residency just to access free travel services across EU. Many are interested in enjoying easy interactions with foreign banks. Then comes few clever people who want to access Greece visa as a safety precaution that can serve them when they need to migrate to a new country on urgent basis. The last option is widely popular among people in China, Russia, Iran, and Turkey. 

The best solution for all such needs is the Golden Visa. It is better defined as a residence permit that is issued to investors that are interested in buying real estate property in Greece. This visa is also applicable to people having an asset above certain fixed values in the country. Although there are so many ways to obtain the residential permit for Greece, the golden visa program is still rated on the top due to ease of application. Such immigration programs are not restricted to Greece only; rather applicable at Malta, Spain, Portugal, and Latvia as well. 

Investors make efforts to avail Greece golden visa for so many reasons, few of them are listed below:

• Low Investment threshold:

The biggest reason to get a Golden Visa for Greece is that they offer the cheapest investment options. Applicants are allowed to buy one or even multiple properties whose total price is at least €250,000. A similar kind of offer is available under Latvian program, but in this case, investors need to pay almost 5% non-refundable fee. In this case, the investment threshold increases to €262,500. In Malta, the minimum investment amount is increased to €330,000. Similarly, in Portugal, the residence permit can be obtained after investing $350,000. 

• Opportunity to participate in larger projects:

In Greece, you can take part in collective investment programs. Once you meet the minimum threshold rating, you can avail of a golden visa for residency. These facilities are not available in other EU countries such as Malta; there you can buy only one property. In short, investors can definitely make the best out of Greece golden visa program. 

• Huge growth potential:

As already discussed, the price of real estate in Greece cities is considerably low as compared to other countries. At the same time, the growth potential is also high in Greece. If we look at the stats provided by a recent report, real estate in Greece is almost 44% cheaper when compared to the 2008 peak. Other than this, you can ensure great rental income in Greece. It can easily compensate your investment while ensuring great returns in the long run.