In January of this year, Worldway Group pioneered the concept that 2013 would be the "Year of European Immigration," identifying Portugal and Cyprus as the "golden keys" to opening the doors to European immigration. Today, this concept has become an industry consensus. The Cyprus property-investment immigration and Portugal Golden Residence Permit programs, which were first promoted domestically by Worldway Group, have indisputably become the most high-profile investment immigration projects of 2013. Recently, leveraging meticulous research and evaluation, Worldway Group has once again taken the lead by bringing the "€250,000 Property-Investment Immigration" program in Greece to Chinese investors. This initiative is destined to become another highly sought-after property-investment immigration project, set to ignite a new wave of European investment immigration enthusiasm.
On April 18, 2013, the Greek Parliament passed an investment immigration promotion act, Law 4146/2013, aimed at developing the Greek economy. The act stipulates that non-EU citizens who purchase property worth €250,000 or more within Greece are eligible to apply for a Greek residence permit visa. The initial visa is valid for five years. After five years, as long as the property ownership is retained, the residence permit held by the applicant and their dependents can be renewed. Recently, the Greek government officially approved and implemented the "€250,000 Property-Investment Immigration" policy. With this, the investment immigration promotion act passed by the Greek Parliament on April 18 has been formally enacted.
Prerequisites for Greece Investment Immigration:
1. Non-EU citizens purchasing one or more properties in Greece with a total value of not less than €250,000;
2. Non-EU citizens leasing property in Greece with a lease amount of not less than €250,000 for a duration of at least ten years. The leased property type may be a hotel or a holiday home.
3. Property ownership may be held by the applicant personally or by a legal entity wholly owned by the applicant.
4. The applicant must have obtained a Greek entry visa.
5. Residence permits are issued by the General Secretariat of the local administrative authorities.
Four Key Advantages of Greece Investment Immigration:
1. Low investment threshold.
2. Obtaining a Greek residence visa grants freedom of residence in 26 Schengen Area countries.
3. No residency requirements.
4. One of the world's most famous vacation destinations.
Greece Investment Immigration Application Process:
1. Consultation and signing of service agreement.
2. Submission of visa application and preparation of documents as required by the embassy.
3. Document review by the consulate and issuance of a one-time inspection visa.
4. Applicant travels to Greece for inspection (at personal expense) to select government-approved property projects.
5. Meet with an attorney to sign power of attorney and relevant property purchase documents.
6. Open a bank account and obtain a tax identification number (AFM).
7. Return to China to prepare for international funds transfer.
8. Prepare application documents for residency visa.
9. Submit immigration application and receive approval.
Greece is located on the southern tip of the Balkan Peninsula in southeastern Europe, bordering the Aegean Sea, and the Ionian and Mediterranean Seas to the southwest. Recognized as the birthplace of Western civilization, Greece possesses a long history with significant influence on the development of history across three continents, while its unique Mediterranean natural scenery attracts tourists from all over the world. Greece ranks 39th among the world's 50 wealthiest countries.
As Greece is one of the 27 member states of the European Union and also a Schengen country, the residence permit visa issued by the Greek government allows for free movement in the 26 Schengen countries without the need for additional visas. Furthermore, the Greek Investment Immigration Act 4146/2013 imposes no mandatory residence time or geographical restrictions for property purchases on applicants. Combined with the fact that Greece has been affected by the debt crisis for several years, current housing prices have generally bottomed out, and the country boasts a pleasant climate and high quality of life. Therefore, the Greek real estate market has long been regarded by many non-EU investors, including Chinese nationals, as one of the most worthy European markets for investment. Since the end of last year, the domestic economy in Greece has gradually returned to stability.
According to the latest implementation rules of the Greek "Property-Investment Immigration Policy," there may be up to two co-investors per property, with no restrictions placed on the relationship between investment partners. Obtaining a Greek residence permit also means opening the gateway to business investments, Western-style education, convenient travel, and cultural exchange in various developed Schengen countries, making it highly cost-effective in the investment immigration market.
As a leader in the investment immigration industry and a premier expert in European immigration, Worldway Group has established a comprehensive customer service system, including an efficient and professional customer service team based in Europe. Through meticulous project research and on-site inspections, Worldway Group identified the outstanding advantages of the Greek investment immigration project and was the first to introduce this highly cost-effective program to the Chinese market. For more detailed information, please contact our VIP hotline at 400-138-2929.
