Greece CIP: Competitive And Affordable

Key advantages include:

• Lowest entry cost amongst the other alternative EU Programmes.
• Initial procedure to be done remotely by Power of Attorney.
• Only one visit is required for the biometrics of the residence permit.
• Permanent residency is granted in just two months for three generations (main applicant and spouse, children up to 21 years and parents of main applicant and spouse).
• The most recent enhancement means minors can be main applicants.
• For the Real Estate Option, the main applicant may purchase several properties or one in order to make up the investment amount of €250,000, in any part of Greece. *The investment amount was announced to be raised to €500,000 from 30 April 2023 for Central, North and South Athens, Thessaloniki, Mykonos and Santorini.
• Property(ies) can be rented out.
• Fixed term deposit of €400,000 is easier and provides an easy way out and a capital guarantee.
• No minimum residency/visit requirement for renewal.
• Visa free travel to 27 EU countries.
• Eligibility for Greek Citizenship Application after seven years of residence.
• Main applicant can be the CEO of his company.

It is wise to directly employ a local lawyer for the due diligence of property purchase/s and the opening of accounts, avoiding the all-inclusive offers of various promoters or agents. Currently the real estate market is at the correct price entry level.

Financially Independent Persons (FIP) Visa

Those who can show a minimum monthly income of €2,000 are eligible for a two-year Residence Permit - the amount increases if family members are to be included in the application. There is a 180 day minimum stay requirement per calendar year. This programme is suitable for families who want their children to attend Greek or international schools.  

The Non-Dom Tax Regime

This regime provides the exhaustion of tax liability for any foreign-sourced income by paying an annual flat tax of €100,000, plus €20,000 for every accompanying dependant, regardless of the amount of income earned abroad; and with no obligation to declare any foreign income in Greece and an exemption from any inheritance or donation tax for any property abroad.

Family Offices & Digital Nomads

The Greek parliament approved a new law that sets the legal framework to secure transparency and provides incentives for Family Offices to be set up in Greece.

Greece’s government recently introduced a special visa for digital nomads, which would permit internationals engaged in remote jobs to work from Greece.

All the above procedures can be carried out remotely and only one visit to Greece is necessary for the biometrics.

Vardikos & Vardikos is a fully fledged Athens headquartered law firm, with offices in the Caribbean Islands of Dominica and St Lucia, providing inter alia Ship/Yacht Registration Services and is a Government Approved Service Provider for the respective Citizenship by Investment Programmes of both islands.

Address:

Athens Office:

4 Koumbari Street,

Kolonaki Square,

Athens, 10674 Greece

Dominica Office:

36 Great George Street Roseau

Commonwealth of Dominica

00112 West Indies

Antigua & Barbuda Office:

Suite No. 4 Woods Centre

Friars Hill Road, P.O. Box ​W1516,

St. John’s, Antigua, West Indies

St Lucia Office:

20, Micoud Street, Castries

P.O. Box 189, Saint Lucia

Cyprus Office:

Flat 210

2-4 Arch. Makarios III Av.

1065 Nicosia, Cyprus

Tel. No. GR: +306932488888 | +30 210 3627888-9 | +30 210 361 1505

Tel. No. DOMINICA: +17672751888

Tel. No. UAE: +971506689558

Tel. No. MALTA: +35699884534

Tel. No. Cyprus: +357 99 202422 | +357 22 332040

Email: info@vardikos.com | dominicaservices@vardikos.com | stlucia@vardikos.com

Website: www.vardikos.com