🇬🇷Unlock the Charm of Greece with the Golden Visa Program 🇬🇷
Discover the allure of Greece, a standout destination for European investment through the Greece Golden Visa Program. This esteemed program invites a minimum real estate investment of €250,000, granting investors a renewable five-year residence permit.
Notably, from August 2023, select locations including Athens, Thessaloniki, Mykonos, and Santorini, have seen an adjustment in the minimum property investment requirement to €500,000 to secure the Golden Visa.
Yet, Crete, Greece's majestic island, presents an enticing prospect with its continued threshold of €250,000 (around INR2.15 million). Crete boasts a year-round splendid climate and offers breathtaking beachfront villas in its western region, overlooking the serene mountains. The entry price for apartments remains at €250,000, while opulent four to five-bedroom villas, spanning a generous 20,000 square feet, fully furnished and equipped, start from €1.25 million, exempt from VAT.
Since its launch in 2014, the Greece Golden Visa Program has gained popularity among international investors, contributing almost €1 billion to the Greek economy in just the first half of 2023 alone.
Moreover, expatriates and affluent individuals opting for the Golden Visa Program in Greece are entitled to various tax benefits. For instance, Golden Visa investors who relocate their tax residency to Greece are eligible to opt for a flat tax rate of €100,000 for 15 years on their global income. Following seven years of legal residency and fulfilling other criteria, they can apply for Greek citizenship.
Both Greece and Cyprus stand as enticing destinations for high-net-worth individuals seeking secondary residences or investment opportunities. These countries offer a blend of tax efficiency, safety, and access to luxury real estate, making them ideal for those aiming to enhance their lifestyle and investment portfolio.
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Open the door to European living with Greece Golden Visa!🇬🇷
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Dean of Academic Support and Education Partnerships at Raritan Valley Community College
7moHow beautiful, Joe!