As a sequel to our last article concerning the thriving Real Estate Market in Greece which presented among others the advantages of the Golden Visa Scheme, it worths highlighting the importance of the rapid processing time of the Golden Visa application.
The Golden Visa program in Greece has become a popular choice for third-country nationals who are looking to obtain residency and eventually citizenship in the European Union. One of the key benefits of the Greek Golden Visa program is that it offers a fast-track route to residency for investors who are willing to make an investment either in Real Estate (minimum investment of 250.000 Euros) or in Bank Products (minimum investment of 400.000 Euros).
Due to the government’s striving efforts to make Greece the absolute European destination regarding investments, the process for the acquisition of the Golden Visa Residence permit has been significantly simplified with the elimination of bureaucracy. More specifically, the investment may be completed without the presence of the investor in Greece, through a simple PoA signed at the country of main residence.
Moreover, the Golden Visa is a special id card and not a sticker in the passport that had to be replaced when changing passport. Not to mention that the modernization of the process allows the investor to visit Greece only once for the submission of biometric figures at the relevant application with a basic tourist Visa (Visa type C).
Most importantly, the Residence Permit Card is issued by the authorities within one (1) month by the time of the ownership transfer of the property for the Golden Visa via investment in real estate whereas within two (2) months for the Golden Visa via investment in bank products. This means that investors can complete the process quickly and efficiently.
The absence of involvement by the Competent Authorities of the investor's country of permanent residence is also considered an asset. Practically, this means that investors do not need any certificates or other documents from their home country. Additionally, there is no requirement to disclose any information about the investor to the authorities of the country of origin regarding the endorsement of the Golden Visa.
All in all, either someone chooses to invest in the real estate market or in bank products, for example, the advantages are plenty. Especially regarding the Greek banking system, it worths noting its stability and global reach. The Greek banking system has become more stable in recent years due to regulatory reforms and restructuring of the banking sector. But also, some of the largest Greek banks have a global presence, with branches and subsidiaries in other countries, which helps to diversify their revenue streams and mitigate risks.
In view of the above, Greece's Golden Visa program provides a modernized and simplified process for investors to obtain a residence permit. With the elimination of unnecessary bureaucracy and requirements, Greece is the ideal destination for investors to obtain a Golden Visa rapidly.
In conclusion, it goes without saying that whether you're seeking a relaxing beach vacation, an adventure-filled getaway, or a deep dive into history and culture, Greece is sure to exceed your expectations and leave you with memories to last a lifetime!