The number of UK citizens wishing to change their place of residence to Greece grows yearly. The reason for this is that flexible conditions characterize this country. This trend contributes to the attraction of capital in various sectors, accompanied by the country’s sustainable economic development.
The state seeks to create favorable conditions for those wishing to invest their funds, providing them with a high standard of living. Greece Golden Visa program is suitable for all those who want to acquire citizenship and are ready to invest directly in the Greek economy. Let’s talk about the features of this project below.
Overview of Greece Golden Visa Program
A fundamental provision of the project is that potential participants meet the investment criteria. It usually involves investing in real estate, acquiring securities, or participating in business projects. Such steps are considered a way to support the country’s economy and contribute to its development.
The Greek Golden visa program’s primary condition is the real estate purchase. Applicants can buy Greek real estate at a fixed price and rent it out. It is also possible to start a business or purchase shares in Greek companies, which creates new jobs and business opportunities. The pros are to invest in bonds and other financial instruments. It will lead to significant profits in favorable market conditions.
The program offers several benefits to investors and their families. In other words, there will be an opportunity to immerse yourself in Middle-earth’s different lifestyle and culture, to benefit from social services and access to the health care system. Golden Visa programs serve as a key to obtaining Greek citizenship.
Reasons to Choose for UK Citizens
The main reason for a British citizen to move to Greece is the price of real estate. The relatively low real estate prices and general living expenses make Greece more affordable than the UK. Athens has a 33% lower cost of living than London.
A relaxed working rhythm is prevailing in Greece, which is attractive to British people seeking a work-life balance. An additional benefit is the country’s natural beauty and sunny climate. In addition, Greek cuisine is unique, healthy, delicious, and affordable. However, obtaining a Greek visa and permits has become complicated due to bureaucratic procedures.
All applications are required to be submitted in person, and visa centers are located in London, Edinburgh, and Manchester. It is essential to keep in mind that it takes between 15 and 45 days to process applications. You should take this into account when planning your trip.
Eligibility Criteria & Application Process for UK Citizens
Requirements for application depend on each potential applicant’s plans. Selection criteria include the following major items:
- The citizen is obliged to finance the economy. It can be done through the purchase of real estate or investment in companies or funds.
- Investors must provide proof of their financial solvency, confirming their ability to invest and secure their residency in Greece.
- Applicants must have no criminal record and must comply with the state’s laws.
- Availability of health insurance covering the entire period of stay in the country.
- In some cases, there may be educational and work experience requirements for the applicant.
- Stay legally in the territory with a permanent residence permit or long-term visa.
- Guarantee the ability to maintain the amount invested throughout the stay.
- Provide evidence that the investment funds were acquired legally.
The application process requires careful preparation, and Immigrant Invest specialists are ready to assist you in obtaining the right of residence in Greece. The process to obtain a document includes the following steps:
- familiarization with the requirements, it is recommended to use the services of a legal representative;
- selecting an investment project;
- preparation of paperwork;
- applying to a consulate or embassy;
- payment of visa fees;
- waiting for the decision.
If the visa is approved, the applicant can move to the country and begin business.
Extra Benefits for UK Citizens
Under the terms of the Greek Golden visa program for UK citizens, applicants and their family members can travel freely throughout the countries that have signed the Schengen Agreement. They can quickly and freely travel throughout most of Europe, both within and outside the country.
In addition, they enjoy medical benefits, including high-quality medical services. The educational privileges are also extended to the investor’s family members, facilitating access to educational institutions. Relatives of principal investors can also expect an accelerated citizenship process. It facilitates the process of natural assimilation into Greek society.
According to Immigrant Invest specialist Zlata Erlach, the flexibility of the Greek system lies in the absence of strict residency requirements, giving investors the ability to choose their location and manage their affairs outside the state. It is a great solution that allows everyone to become a resident of Greece and enjoy life in the hospitable Mediterranean country.