The inception of the Greek Golden Visa Program dates back to 2013, offering non-EU citizens an avenue to obtain Greek residency through investments, particularly in real estate. Over time, the investment threshold has been adjusted, currently standing at €500,000 in select locations, up from the initial requirement of €250,000. Among its perks, this program grants a five-year residence permit, extends to family members, and facilitates visa-free travel across the Schengen area.
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Contrastingly, the Spanish Golden Visa Program presents an enticing opportunity for non-EU nationals aspiring to establish their lives in Spain, whether for study, work, or residence purposes. Beyond temporary residency, there exists a pathway towards permanent residency and even citizenship. Following five years of temporary residency, applicants become eligible for permanent residency, with citizenship attainable after a decade, contingent upon specific criteria and regulations.
For those envisioning a life in Europe, both the Spanish and Greek golden visa options serve as invaluable gateways, each offering unique advantages and opportunities.
Looking to broaden your horizons with Golden Visa opportunities? Check out our website for insights and unearth new pathways to residency and citizenship.
The Golden Visa programs in Greece and Spain offer enticing benefits for investors, including the flexibility of maintaining residency without a minimum stay requirement, allowing investors to retain their residence status without physically being present in the respective countries.
Portugal Golden Visa VS Spain Golden Visa
Visa-free travel to Schengen area
- Greece: Yes
- Spain: Yes
Benefit: Right to live, work, and study in the country
- Greece: Yes
- Spain: Yes
Family reunification
- Greece: Yes, includes spouse, children, parents, and parents-in-law
- Spain: Yes, includes spouses, children, and parents
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Investment options
- Greece: Real estate, cultural and artistic donations, venture capital funds, business set-up, job creation
- Spain: Real estate, government bonds, shares, business projects
Investment threshold
- Greece: €250,000 for real estate
- Spain: €500,000 for real estate
Minimum stay requirement
- Greece: No
- Spain: No
Citizenship option
- Greece: Not available
- Spain: Yes, after ten years of residence (or two years for former Spanish colonies)
Both Greece and Spain offer attractive avenues for investors seeking Golden Visa opportunities, with each program boasting its unique set of advantages and investment options.
Curious about exploring alternative Golden Visa programs beyond Spain and Greece? Follow our instagram for updates on our upcoming webinar, where you’ll discover more options suited to your investment goals.
Investment Options for Spain’s Golden Visa Program
Real Estate Investment
Investors can opt to invest a minimum of €500,000 into either commercial or residential properties eligible for renting. This investment avenue allows for flexibility as investments can be combined or mortgaged above the stipulated minimum.
Business Development
Geared towards bolstering the Spanish economy, this option requires a minimum investment of €1 million. The focus lies on job creation, fostering socioeconomic growth, and contributing to scientific or technical innovation.
Capital Transfer
Investors can choose to transfer a minimum of €1 million into Spanish Treasury Bonds, Spanish company shares, or bank deposits. These investment avenues are esteemed for their financial stability and offer competitive returns, contributing to the investor’s residency qualification.
Investment Options for Greece’s Golden Visa Program
Real Estate Investment
The program offers various investment tiers, with a minimum of €250,000 required outside key municipalities and €500,000 within prime locations such as Athens, Thessaloniki, Mykonos, and Santorini. Investors have the flexibility to invest in multiple properties or a single high-value property.
Lease Agreement
Investors can opt for a ten-year lease agreement for hotel accommodations or furnished tourist residences. The lease requires a minimum rental sum of €250,000, payable in a single installment throughout the ten-year period.
Ready to take the leap towards international residency and citizenship? Explore a wealth of options beyond Spain and Greece with Soland, and be sure to follow us on instagram for updates on our upcoming webinar, where your Golden Visa journey begins.
Other Investments
Alternative investment avenues include a minimum of €400,000 in Greek government bonds, shares or bonds of real estate investment companies, and Greek-based venture funds or private equity. These options broaden the scope for investors seeking residency through diverse investment portfolios.
Golden Visa Programs such as those offered by Spain and Greece present investors with a plethora of benefits, ranging from the prospect of residency to eventual citizenship. Given the diverse criteria involved, it’s imperative for you and your family to carefully assess your needs and tailor your investment strategy accordingly. By considering factors such as investment options, residency requirements, and long-term goals, you can make informed decisions that align with your aspirations for the future. Whether you prioritize visa-free travel, access to quality education and healthcare, or opportunities for business development, exploring the nuances of each program will empower you to embark on a path that suits your unique circumstances and objectives.
Join us!
Join Soland, where every investment is a stepping stone to a life of culture, grace, and distinction. Your journey with us is not just an experience – it’s the beginning of a legacy that defines majestic living.
Visit www.solandworld.com or reach out to us at info@solandworld.com to discover how you can embark on a transformative journey. Whether you’re interested in acquiring luxurious real estate, establishing a thriving business, or securing your future through citizenship and residency, Soland is here to guide you every step of the way.
