With the Greek economy soaring and a boom in the real estate investment market, Greek immigration has transformed into one of the most sought-after immigration programs in the market. However, for applicants who wish to settle in Greece after immigrating, they must consider the issue of employment. So, can one work locally after immigrating to Greece?
Greek immigration policy stipulates that applicants are not allowed to work locally. The main reason is that the Greek immigration policy is so lenient precisely to attract overseas investment and encourage more people to come and spend, and it certainly does not want to see foreigners taking up local employment opportunities. The official explanation from Greece is: although foreign immigrants with residency rights are not allowed to work in Greece by law, they can achieve profitability through entrepreneurship, investment, and business operations. For example, investing in real estate or opening a restaurant are all viable options. Therefore, applicants for Greek immigration do not need to worry about their future life; even if they cannot work, they can still be their own boss! So, in which industries can applicants excel after immigrating to Greece?
1. Real Estate Investment
This is something that I believe is familiar to any Chinese person. The overall price of Greek real estate is not yet expensive, but the growth rate is very impressive. Buying property for investment has clearly become the simplest and most efficient profit-making opportunity for Greek immigrants. As for the choice of location, one can choose hotel-style apartments around famous tourist attractions. This type of property can generally be signed with a guaranteed rental service, and strong demand often brings very generous and considerable returns. In addition, school districts around famous international schools are also a popular choice for investment. Although Greece does not have a strict concept of school district housing, living close to a school is more convenient, so the investment potential of school district housing is undoubtedly high.
2. Tourism-related Businesses
The economic recovery of Greece in recent years has been greatly driven by the tourism industry, and in turn, the popularity of tourism has driven the development of related industries. For Chinese applicants who immigrate to Greece, there are plenty of opportunities. For example, investing in the catering industry; after all, the scale of Chinese tourists is certainly considerable, and tourists in a foreign land will inevitably want to taste authentic Chinese food. At the same time, there are huge business opportunities in engaging in local tourism reception, wedding photography, etc., in Greece. Another option is to operate a homestay or a small souvenir shop, as the language advantage is incomparable.
If an applicant does not work and does not want to spend time and energy on business after immigrating to Greece, will their daily life just be a matter of living off their savings? The reality is that you can live off your savings, but you certainly won't run out of them! Because the cost of living in Greece is very low, and not to mention living a luxurious life, even living a comfortable and enjoyable life is perfectly sustainable relying solely on one's own savings.
Moreover, Greek immigration has no residency requirements, so applicants can freely travel between their home country and Greece. Therefore, business and investments in their home country will not be affected or delayed at all, so earning some money back home is enough to enjoy life in Greece. Not to mention that many applicants who immigrate to Greece actually hold a large amount of investment and wealth management assets; these funds are absolutely more than enough for living in Greece.
