We all know that Greece ranks among the top holiday destinations in the world, thanks to its sunny weather, amazing islands, beautiful beaches, fascinating history and… great food. But alternative residency is a different matter. To consider relocating to Greece, applicants for Greece’s Golden Visa program are focused on many other aspects of life that make the move very tempting. Let’s look at the Top Ten factors that attract people from around the world:
- Schengen Zone mobility: The freedom of movement within not just the European Union but also the whole Schengen Zone cannot be overestimated, especially for the business community. Non-EU nationals in particular are aware of the hassles and cost associated with Schengen visa applications. With Greek residency, that is all history.
- The good life: The link between climate and personal wellbeing is undisputed. Weather conditions that allow you to spend time outside – whether to exercise or to socialise – and enjoy abundant daylight have a positive effect on both the body and the mind. Other factors, such as the sea air, the Mediterranean diet, and a hospitable population all contribute to a healthy and welcoming environment.
- Excellent health care: All residents in Greece enjoy free access to the country’s universal healthcare system which is known for its high standards. Private health care facilities are equally advanced and far more affordable than in other comparable countries, especially the US.
- English language education: In addition to having international primary and secondary schools, and as per recent draft legislation, Greece will soon be welcoming foreign universities, with particular incentives to attract the world’s most prestigious institutions. This is in line with the government’s goal to grow the country into an international education hub.
- Entrepreneurial hub: Although Golden Visa holders may not be employed, they are more than welcome to establish their own businesses in Greece, to operate both locally and regionally, with all the work force they require.
- Security: As per the 2024 risk map of the risk assessment company ‘International SOS’, Greece ranks as a low-risk destination. With so many areas of conflict in the world today, living in a country that offers you, your family and your business peace of mind can make all the difference.
- What about taxes? In an effort to attract foreign direct investments as well as expatriate residents, Greece is continuously introducing new and persuasive tax incentives. Among the most recent incentives is a flat rate of 7% on pensions received.
- Asset diversification: This is particularly important for investors as a means of optimizing their portfolio. With the right guidance, your Golden Visa property can be an enjoyable home to live in as well as a secure and promising long-term investment.
- Keep the family together: Greece’s Golden Visa program allows investors to include their families in their main application. This includes dependent children up to the age of 21, as well as parents and parents-in-law, thus allowing them to maintain their close family ties.
- Affordable cost of living: Athens – and Greece as a whole – is far more affordable than other European countries. This allows residents to enjoy a much higher standard of living without sacrificing any of the advantages of living in Europe.
For further information regarding the acquisition of property in Greece and the latest requirements for Golden Visa eligibility, feel free to consult Velment’s experienced property professionals in Greece. Contact us by email at info@velment.com
