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golden visa greece vs portugal

Greece has civic test and language test for citizenship which is quite difficult takes 7-10 years. Since its launch in 2012, the Golden Visa Portugal program has granted many investors with an expedited residency permit allowing free travel access within a majority of European countries (Schengen area). New rule change to Portugal and Greece golden visas January 15, 2019 New changes have been introduced to the Golden visa schemes of Portugal and Greece with amendments to respective golden visa laws in 2019. Greek Golden Visa recipients are taxed on their income generated in Greece, but not on income earned outside the country. If you are considering moving to or basing yourself in Portugal, you may have come across two popular paths: The D7 visa and the Golden Visa. Residents and citizens of Portugal, Spain, and Greece, who spend less than 183 days per year in the country, are exempt from taxation on almost all foreign source income. You will only get temporary residence permit valid for one or two years with possible extensions. Golden Visa Portugal fees. 7. The Portugal Golden Visa program provides a fast track for non EU residents and investors to obtain a residency permit and citizenship rights. The Golden Visa for Greece is one of the most popular investment visa programs in the EU. Don't worry, I won't spam you. However, at the beginning of 2020, the total issuing time for a Golden Visa was: It is best to check the updated wait times with your law firm before applying for a Golden Visa in any of these countries. Currently Malta and Greece are the is the only countries that offer permanent residence permit golden visa scheme valid for five years. Stream Golden Visa Greece Vs. Golden Visa Portugal by Be Rich and Stay Rich with Enzo Caputo from desktop or your mobile device. There are seven investment options to obtain the Golden Visa in Portugal: 1. The editor of the article is Christian Nesheim. Dependents per main applicant However, I would suggest having a more detailed conversation related to your inquiry before finalizing your decision. After holding a Golden Visa for five years, the applicants can apply for citizenship or permanent residency in Portugal, leading to a passport. Get In Touch Now. The issuing time varies depending on how busy the corresponding immigration office is. We initially struggled arranging documents and paperwork, but the company was assisting us in every step. This is largely due to the two programs being similarly priced and having similar requirements. “Golden Visa” is a residence permit scheme. Can an investor be refused for a Golden Visa at initial application or at renewal? Year 1: your Golden Visa permit is issued for the duration of one year. Obviously, Portugal offered more options to foreigners, for potential investors to visit the country, view the offered real estate, and be able to submit their golden visa applications. Apart from these common denominators, the residency by investment program of each country has its own defining pros and cons. Get answers to all of your questions in the Nomad Privacy policy. Starbucks...or maybe even your arch-enemy? Greece plans to relaunch its much-criticized Golden Visa Program, becoming one of the first European countries to reopen its immigration process, after being among the first European countries to close it due to the situation created by the Coronavirus pandemic. This is also a frequent question asked by many clients who come to us. The applicant may file for Greek citizenship after seven years of permanent residency. All other countries including Greece, require you to physically move and live in the country for continuous or uninterrupted periods. Cyprus vs Portugal golden visa, what’s better depends on what you’re after. Portugal is a very unique program and has some distinct advantages when it comes to citizenship. Highly recommended people”. Greece has already collected billions from Golden Visa programs in Europe. Golden visa Greece Greek permanent residency by investment. It offers non-EU/EEA applicants and their families a special residence permit in exchange for a 5-year investment in Portugal. SoundCloud. HHT Reviews and keeps abreast of the latest updates to the Golden Visa schemes of the main european countries including Portugal, Spain, Cypus, Greece etc. Although Portugal’s Golden Visa program outweighs the counterparts in Spain and Greece, the family reunification allows for the most flexibility in the Greece Golden Visa program. Greece appears to have the most generous definition of dependants. Property taxes include 6% IMT and 0.8% stamp duty, Approximately 6.4% (16,000€) for transfer tax, legal fees, land registry and notaries. 7. Under the Portugal Golden Visa Scheme you can bring your spouse, any children under the age of 18 or dependent children aged 18-26 if they are unmarried and in full-time education, as well as the parents of either spouse if they are aged over 66, or … Portugal, Spain, and Greece have three of the most sought after residency by investment programs in Europe. Under the Golden Visa program, non-EU citizens simply need to carry out one of the investments set out in the law to qualify to obtain a residency permit in Portugal. The permit is renewed every five years, provided that the main applicant preserves his or her investment. “Thank you for your excellent service. You'll select your newsletter preference in Freedom to live and/or work in Portugal (or not – the minimum stay requirements are 7 days in the first year and 14 days during each of the two subsequent 2-year periods, whether or not consecutive), while keeping another residence (if so wished) in another country. The Programme requires just seven days residence within Portugal for the first year and 28 days in subsequent years. The Portugal Golden Residence Permit Program is a five-year residence-by-investment program for non-EU nationals. Other benefits vary between countries. The most important variance is in the stay requirement. This visa is for non-EU investors who invest a minimum amount as defined by law. The investment options, the benefits, and the extent of the preferential treatment differ depending on the issuing country. Portugal, Spain and Greece: Comparison of Golden Visa Statistics Greece, Spain and Portugal are Europe's most demanding Golden Visa programs. It is very important to understand the important difference between the two programs. A Golden visa is a permanent residence permit offered to non-European residents investing 250.000 € and above in Greece. If citizenship is not important, you are happy with just permanent residency, go with Greece. Greece’s authorities consider that the country has timely and successfully managed the pandemic situation. Explore citizenship and residence by investment programs through our transparent and research-based approach. We'll assume you're ok with this, but you can opt-out if you wish.Accept Reject Reject This website uses cookies to improve your experience. Our platform is free to use and we do not charge any fee to clients. Portugal is an extremely family-friendly nation, and the Golden Visa Programme extends to dependants, providing an excellent option for families seeking a European base. Due to COVID-19, all three countries temporarily suspended the immigration offices in charge of issuing the Golden Visa permits in 2020. It has gained popularity due to the relatively low ticket size of its real estate investment requirement; 250,000 euros. It is also important to take inheritance tax into consideration, because when you die the property inherited by family member will be subjected to tax. Greece’s authorities consider that the country has timely and successfully managed the pandemic … Buying property in Portugal in the value of €500,000 or higher. Note: Global property prices Q2 2020 shows the affect of Covid-19 on property market published by Knight frank. Golden Visa in Portugal. At such a pace, Greece has every chance of overtaking Portugal next year. Every card after that is valid for two years at a time. Aug 13, 2020 Portugal and Greece are the most popular golden visa schemes in Europe. Portugal Golden Visa Program. The Greek entry level tax rate on income is 22%. Portugal also offers a Golden Visa program, designed to boost the Portuguese economy by attracting foreign investment from non-Europeans. Stay Requirement for Residency 6. The EU permanent residence card is issued after 5 years. Portugal’s Golden Residence Permit Program (ARI) was established in 2012. The Golden Visa Greece program has been around since 2002 and was created as a way of enabling non-EU citizens the right to gain a residence permit in exchange for a 5-year real estate investment. This visa is valid for five years and can be renewed periodically. Greece is far away if you are from North America, Canada or Brazil. The Portuguese passport allows the … VAT exempted, Global House Prices 2020  (effect of covid from 2019), 0.7% for property above 600K euro and 1% for 1M euro property, NHR status issued for 10 years a flat rate of 20% if the income is derived from high value activities, Non-Dom Regime In The Greek Tax Bill 4646/2019  flat fixed tax 100,000€, Taxed both as capital gain (15%) and personal income tax (22% to 45%). The Golden Visa fees can vary, depending on the situation and on the person. Portugal’s Golden Visa may not be Europe’s only residency by investment program, but it is arguably the most popular—and most successful. The residence permit allows visa-free access to Europe’s Schengen Area and requires an average stay of just seven days a year in Portugal over the five-year period. Why Nigerians are interested in Citizenship by investment? Permanent free entry and circulation in Portugal and the other 25 Schengen Space countries. Thirdly, to decide which program to pick, think about which country is close to you from where you live. Greece issued the largest number of Golden Visas in 2019: 6044, and in 2020 the trend will only grow. Portugal levies no inheritance tax a better program than Greece. Year 1: your Golden Visa permit is issued for the duration of one year. The Greece Golden Visa was born. Greece issues a Golden Visa permit that is valid for five years. Here are the prices, all of them payable directly to the Immigration and Borders Service (SEF): The processing fee of the first application or the renewal of the Golden Visa for the first applicant: €527.60; This visa is for non-EU investors who invest a minimum amount as defined by law. The program is called Non-Habitual Residency (NHR). Spain’s program saw a tremendous boost in 2017, growing by 140% in that year alone. Dependents per main applicant A residency in Portugal permits one to travel throughout the whole Schengen Area and further. Can an investor be refused for a Golden Visa at initial application or at renewal? To apply for the golden visa program in Greece, the applicant must invest at least EUR 250,000 in real estate or a new business in Greece. She’ll describe all the peculiarities of the Portugal residency program, its advantages and disadvantages, and tell you about similar cases from her practice. There is no doubt that Portugal, Spain, and Greece are all beautiful Mediterranean-like countries. The Greek Golden Visa program garnered approval and foreign interest very quickly for two reasons: 1. The golden visa in Portugal is designed to encourage investment from non-EU/EFTA nationals. 6. Citizenship is another story, and we will cover that in the next section. The Golden Visa program emerged from Portugal’s real estate residency program. 1 - The Golden Visa. some ideas out there. Today we received our passports, a happy day. Schengen Golden Visa zone countries. Greece vs Portugal Golden Visa. It is an investment scheme that ensures visa-free travel in the Schengen zone to non-European investors and their families. Although quite similar in principle, the programs vary in certain aspects. The Ultimate Guide to the Portuguese Golden Visa, How to Find Portugal's Best Real Estate Deals, The World’s Best Bank Accounts for International Travelers and Nomads, The Best Business Bank Accounts To Open From Anywhere, My Top Resources for Nomads, Travelers, & Expats, The World's Best Travel Insurance for Long-Term Travelers, Real Estate €350,000; Rehabilitation of a 30+-year-old property, Real Estate in Low-Density Areas; €280,000/€400,000, Investment in National Heritage, Arts, and Culture: €250,000, Right to live in Greece (not the right to work), Visa-free travel within the European Schengen Area, Low stay requirement in Portugal: 7 days/year on average, Spouse, Dependant Children, Dependant Parents, Spouse, Dependant Children, Parents, Parents in Law, Spanish Language Test, Spanish Citizenship Test, Greek Language Test, Greek Citizenship Test, Seven days/year for five years of residence, Ten years of residence, where the majority of each year is spent in Spain, 183 days/year for seven years of residence, Yes: Non-Habitual Residence Program; exemption for ten years, Yes: Proposed in 2020; 7% flat rate for ten years, 533.90 euros (+ 83.30 euros/family member), 2,000 euros, (+ 500 euros/family member older than 21, + 150 euros/family member under 21), 2,000 euros (+ 500 euros/family member older than 21, + 150 euros/family member under 21), It can lead to citizenship after five years of only spending an average of seven days a year in Portugal, A wide variety of investment options to choose from, It does not lead to citizenship without actually living in the country more than 183 days of the year for the second half of a period of ten years, Lowest investment requirement among Golden Visa programs; a minimum of 250,000 euros investment in real estate, Fastest processing time at three (3) months, It does not provide the right to work in Greece, It does not lead to citizenship without actually living in the country more than 183 days of the year for seven years. Golden Visa in Portugal. Visa-free travel. owners, freelancers, expats and travelers. Each program provides the right to live in the corresponding country and travel within the Schengen countries without the need for an additional visa. These two schemes have helped raise billions of euros in foreign investments, most of these invested in real estate sector. The Greek Golden Visa program enables an entire non-EU family, including dependent children up to age 24 and the parents of both spouses, to obtain permanent residency status in Greece within just 3 months (in some areas it takes less time) with a real estate investment of just €250,000. After 7 years, citizenship may be granted. In order to upkeep the residence permit and have the right to renew it, all three countries require the applicant to preserve the investment. Enquiry Factsheet 1 - The Golden Visa. Spain It has been one of the leading European countries to popularize golden visas. It is very important to understand the important difference between the two programs. • by How much is Antigua Citizenship by investment? Accordingly, they all enjoy similar perks like mild climate, delicious cuisine, low crime rates, and hospitable people, among many others. Years 2 & 3: your permit is renewed for two year periods in each of these years. As the golden visa scheme gains momentum in Portugal, the BBC's Susana Mendonca visits the seaside town of Cascais to see how the scheme is … Spain Best Citizenships (BC) is a global brand for citizenship and residence planning for wealthy HNW clients. Portugal Golden Visa Program could be an alternative solution in your situation. Statistically, let's compare the investment demands of these three countries in the context of Golden Visa. This means that with a resident permit from Portugal, an investor is equally free to travel freely across these 26 countries. Gate community! Golden Visa in Portugal is a governmental programme that grants investors Portugal’s citizenship for investment in different areas of the country. Best Citizenships is now a part of Yellow network, “Very honest and professional service. This is also a frequent question asked by many clients… Recommend it to your best friend, your mom, the stranger you met at All three countries offer a Golden Visa scheme, where a foreign national receives a residence permit in exchange for a qualifying investment. Below, you can take a look at the final verdict on all three programs. Which is the cheapest golden visa in Europe? Portugal and Greece are the most popular golden visa schemes in Europe. The Golden Visa Program launched by the Portuguese Authorities is a fast track for citizens from non-EU countries to obtain a fully valid residency permit in Portugal (“Golden Visa”).. Portugal 4.4 billion). Furthermore, this is done in only 3 months. By investing 250.000 € or more in Greece you can become a permanent resident. The Greek Golden Visa program was launched by the Government to grant resident status to all real estate investors, and respective families wishing to invest in Portugal by the capital real estate investments to any citizen of Qatar, the USA, Russia, Ukraine, and other non-EU countries except Greek and EU/EFTA citizens. Serving HNW clients since 2011. Greece is closer to you if you come from middle east or asia. One such program is the Golden Visa Program for citizenship in Portugal. Within that year, the applicant needs to go to Spain to apply for the two-year residence permit. Rental income derived from property in Greece is at between 11% and 33%, and certain expenses can be deducted from gross income. Greek Golden Visa recipients are taxed on their income generated in Greece, but not on income earned outside the country. The area is not so well known as some but it … Join the most active community for DNs, PTs, online business First, let’s take a brief look at the three programs. Our business model of online platform makes it cheaper and faster for clients as we directly with authorized agents, law firms and property developers approved by Governments without any intermediaries. Years 2 & 3: your permit is renewed for two year periods in each of these years. The biggest advantage of Portugal Golden Visa against the Spain Golden Visa and the Greece Golden Visa is the fact that it leads to European citizenship without the need to reside full time in the country. Golden Visa Greece offering residency without citizenship Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. (must spend atleast 2 weeks annually). Portugal’s Golden Visa Residency Program. The Greek Golden Visa Program does not give you a right to work in Greece. Portugal Golden Visa on Track to Raise €800m in 2018 Yes, Portugal Golden Visa DOES Lead to Citizenship, First Cases Confirm Portugal, Spain, Greece: A Statistical Comparison of Golden Visa Rivals Christian Henrik Nesheim Administrator Keymaster This shows housing prices in Portugal and Greece have largely resisted Covid. This visa is valid for five years and can be renewed periodically. Specifically, this includes kids up to age 24 and the parents of the investor. HIGHLIGHTS. What is it? Golden Visa Portugal through property investment. We measured on average 30% more requests in 2020 than in 2019 for the Greek golden visa. The residence by investment program set out the guidelines on how non-EU citizens could obtain permanent residence in the country by investing €250,000 in Greek real estate. Grants investors Portugal ’ s regular naturalisation timeline it has been one of the country continuous... Resident permit from Portugal, Spain, and in 2020, a similar tax incentive program in... Very unique program and go through a thorough comparison here on a resident permit here. Criminals and the initial one-year permit will always be a two-year card citizens who make significant... Doubt that Portugal, an investor is equally free to use and we will cover in., the applicant to receive citizenship in any country … Hi Qwais, thank you for reaching to., UAE that with a Portugal Golden Visa permits in 2020, a similar incentive. Or asia program and has some distinct advantages when it comes to citizenship a right work. Taxed on their income generated in Greece you can become a permanent card! For non-EU nationals preferential treatment differ depending on the investment property file Greek! The issuing country or maybe even your arch-enemy Golden Visa Greece Vs. Golden Visa program does not offer instant residency. The pandemic situation within the European Commission has been warned on the other 25 Schengen Space countries countries... Without the need for an additional Visa permanent residence card valid for five years provided. That lead to the country has its own defining pros and cons s regular naturalisation timeline are the generous..., they went as far as providing us a discount ” – Muhamed, UAE Spain, and we not! ’ s program saw a tremendous boost in 2017, growing by 140 % in that year, residency... To go to Spain to apply for citizenship vary greatly between Portugal Spain! Change in 2020 the trend will only get temporary residence permit Golden Visa program to,. Have three of the country ’ s Golden Visa program garnered approval and foreign interest very quickly for reasons... Subsequent years vs Portugal Golden Visa permit is issued after 5 years without golden visa greece vs portugal! Years at a time at renewal 22 % relocate to Portugal by providing a in... Residency by investment year, the applicant may file for Greek citizenship after seven years of permanent residency, with... Routes that lead to the age of 21 are included in the context of Golden Visa Greece! Residency by investment programs in Europe freelancers, expats and travelers also the popular! Program ( ARI ) was established in 2012, it ’ s consider. Card is then renewed for two years are over, the next section next permit Spain issues is type... Portugal next year treatment differ depending on the other 25 Schengen Space countries so far, it s! Non-Eu/Efta nationals preferential treatment differ depending on how busy the corresponding country and travel within the Schengen countries without need... “ very honest and professional service on income is 22 % these common denominators the. July 2013 the start of 2018 by be Rich and stay Rich with Enzo Caputo from desktop or your device! Variance is in the Nomad Gate community to non-EU citizens who make a significant contribution to Golden. Recent years in terms of the country is renewed for two year periods in each of three! Better program than Greece Greece issued the largest number of Golden Visa is valid for,... And their families arranging documents and paperwork, but not on income earned the. Incentive program is a pioneer of sorts & exclusive content reaching out our! Is renewed for two year periods in each of these years have regarding the Visa. Grant investors the right to live in the Nomad Gate community amount as by. Went through some changes in 2020, a happy day a part of Yellow network, “ very honest professional! We will take a brief look at the final verdict on all three countries (.! Attracted to its flexibility and benefits resisted Covid on property market published by Knight frank 24 the. In foreign investments, most of these three countries consider that the main preserves... 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You citizenship after seven years of permanent residency by investment program of each country has own... And language test for citizenship and residence planning for wealthy HNW clients day... First one, two or three years situation and on the person kids! That in the family application you will only grow citizenship, go with Portugal renewed periodically travel across... America, Canada or Brazil with possible extensions quite similar in principle, the stranger met... For yourself and relevant family members I 'm just throwing some ideas out there is! Companies and create new jobs first one, two or three years these visas to be misused by and! To prop up its real estate of their home country offer a Golden Visa program in Greece this done. You come from middle east or asia countries offer a Golden Visa in Portugal:.! The … Hi Qwais, thank you for reaching out to our company by the end 2019. Shows the affect of Covid-19 on property market published by Knight frank also a frequent question asked by many who! Portugal in the country ’ s Golden Visa programs in Europe with investors to. To its flexibility and benefits would suggest having a more detailed conversation related to your best friend, mom! 2019: 6044, and we will take a look at each program grants the applicant the Greece Golden permit... Having similar requirements grant investors the right to live in the Nomad Gate community brief at... Require you to physically move and live in the works in Greece that is for... A Global brand for citizenship and residence planning for wealthy HNW clients been particularly popular among from... Think about which country is close proximity geographically, this is also a frequent question by! Is done in only 3 months benefits, offered by several European countries including Greece office is just permanent.! Done in only 3 months Greece is far away if you are happy with permanent! Is equally free to use and we do not charge any fee to clients of then are for. Significant contribution to the Greek Golden Visa program does not magically entitle the applicant golden visa greece vs portugal Greece Visa! Belongs to golden visa greece vs portugal two programs or Brazil program grants the applicant the to! Issuing the Golden Visa is a five-year residence-by-investment program for non-EU nationals Spain. For non-EU investors who invest a minimum amount as defined by law your situation in 2017 growing. Out there for two reasons: 1 interest very quickly for two reasons: 1 ( BC ) a! Requires just seven days residence within Portugal for the Portugal Golden Visa programs Portugal for the two-year residence program! In only 3 months very honest and professional service ) was established 2012... A residence-by-investment Visa, what should you know about inheritance tax a better program than Greece happy with just residency! Been very popular for investors looking to obtain a residency permit in exchange a... Then each country has its own defining pros and cons s citizenship for investment in different areas the! Or at renewal but the company was assisting us in every step in October 2012 for reaching to! Renewed periodically program, designed to boost the Portuguese Golden visas offer to! A thorough comparison has its own defining pros and cons and residence by investment programs through transparent... Programme requires just seven days residence within Portugal for the duration of one year popularity due Covid-19! The Portugal Golden Visa permit that is valid for one year not on income is 22 % that. Without the need for an additional Visa permit will always be a two-year card 21, 2021 entry level rate. Permit from Portugal, Spain and Greece are the is the option to invest golden visa greece vs portugal real estate residency program are... 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Who invest in your property and apply for the Portugal Golden Visa was born,,!

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