Schengen visa rejection rates remain high for many applicants, with roughly 16% of applications refused in 2023. Here's how the Greek Golden Visa compares as a more reliable path to EU access.
The Schengen Visa allows for individuals who dream of travelling to Europe, to explore 26 European countries. But does applying for this visa guarantee making this dream a reality?
Many have concluded that this is not the case.
A few of the issues that may hinder your successful application process include the following:
Truthfully stated, there are some countries like Finland, Poland and the Czech Republic that tend to have a relatively high approval rate for applications made. On the contrary though, countries like Italy, Germany, Portugal, France, Sweden and Greece have exhibited higher rates of visa rejections over the years. This could be due to Incomplete Documentation that may lead to doubts about the legitimacy of your travel plans and financial status, Lack of Sufficient Funds that would support your stay or Unclear Purpose of Visit causing scepticism from visa officers. Additionally, Doubts about Returning to your home country and not having Travel Insurance that meets the country’s requirements may also lead to your application being rejected.
The percentage of visa applications that were refused in 2023 amounted to 1.6 million applications, roughly 16%.
Understanding these rates can significantly influence your application strategy and indicate the need to follow a safer choice. Applying for the Greek Golden Visa allows for a hustle- free application process that guarantees acceptance as long as the individual acquires full ownership of real estate property in Greece with a minimum value of 250.000 euros. Notably, there are no actual residence requirements and the residence permit is granted for 5 years and is automatically renewed, provided that the investor still owns the property. Individuals will not only enjoy visa-free travel around the Schengen zone but will also own a property that generates rental income and capital appreciation. What an incredible investment opportunity!
Migration Expert and CEO of Velment, Yiannos Trisokkas makes the following statement regarding the above: “It is a far more tactful and stress-free process to apply for a Greek Golden Visa. Despite the fact that even more benefits can be enjoyed by acquiring a Golden Visa instead of a Schengen Visa, the whole application process is far simpler and easier to manage. Even the most experienced individuals cannot guarantee the successful acceptance of your Schengen Visa application. However, embarking on your European adventure requires careful planning, and being armed with the right information and support to navigate this process with confidence and ease. That is something me and my team at Velment can guarantee to offer.”
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