On April 18, the Greek Parliament passed an investment immigration promotion bill aimed at developing the Greek economy. Non-EU citizens can obtain Greek residency by purchasing real estate valued at €250,000 or more within Greece. The enactment of this policy signifies Greece's high-profile entry into the ranks of countries with open immigration policies in Europe.
So, among the many European countries implementing a buy-to-invest immigration policy, what comparative advantages and characteristics does Greek investment immigration possess? As a leader in European immigration, WorldWay, the first immigration agency to promote the Greek investment immigration program domestically, has conducted thorough project research and on-site inspections, discovering that the Greek investment immigration program offers extremely high cost-effectiveness. Recently, Dr. Winner Xing, President of WorldWay Group, summarized the four significant advantages of the Greek buy-to-invest immigration program upon returning from his assessment in Europe.
Low Investment Amount
According to the Greek investment immigration law, as long as investors purchase real estate in Greece valued at €250,000 or more, they can obtain a five-year residency in Greece. After five years, as long as the property ownership is not sold, the residency visa of the applicant and their dependents can be renewed indefinitely every five years. Compared to the €300,000 investment for immigration to Cyprus and €500,000 for immigration to Portugal, the investment threshold for Greece is lower. Although the investment amount for Latvia's immigration is lower, its residency permit requires annual registration, and the applicant must not stay outside Latvia for more than six consecutive months, whereas Greece has no such restrictions. Therefore, the €250,000 immigration option to Greece is more enticing.
Obtaining a Greek Residency Visa Equals Gaining the Right to Reside Freely in 26 Schengen Countries
Since Greece is a member of the European Union and also a Schengen country, obtaining a Greek residency permit means opening the gateway to doing business, investing, receiving Western education, traveling, and cultural exchange in 26 developed Schengen countries. Investors may settle, study, invest, conduct business, and live freely in any Schengen country.
No Residency Requirements
The law stipulates that after obtaining a five-year residency permit, there are no mandatory requirements for the time the investor must reside in Greece, which does not affect the investor's life and work domestically. The absence of any immigration monitoring regulations also makes Greece one of the EU countries with lower residency requirements.
World-Class Vacation Paradise
Greece is known as the birthplace of Western civilization, with its long history and unique Mediterranean natural scenery attracting tourists from around the world. It is a top-notch vacation paradise. Its diverse terrain, towering mountains, boundless plains, and pearl-like harbors are all distinctive features of Greece. Beyond numerous myths, Greece is home to many temples and world-renowned museums.
The Aegean Sea, located to its east, is regarded as one of the 50 romantic destinations in the world, attracting thousands of newlyweds every year to shoot wedding photos and enjoy honeymoons. Liu Huan, known as the 'Godfather of Music,' recently celebrated his 25th wedding anniversary with his wife in the Aegean Sea. This illustrates that the Aegean Sea is not only the cradle of Western European civilization but also a symbol of romantic journeys.