Have you ever wondered about the benefits of obtaining a Golden Visa in the European Union (EU)? The question we often hear is: “Which one is the best?” While there’s no definitive answer to this question, as it varies depending on individual needs and circumstances, today we will focus on comparing the Greek Golden Visa with other EU Golden Visas.
What is a Golden Visa?
Golden Visa programs are residency-by-investment schemes offered by several countries, where individuals can gain residency rights, and sometimes even citizenship, by investing a certain amount of money in the country. This investment can be in the form of property purchase, job creation, or contribution to a national development fund.
The Greek Golden Visa
The Greek Golden Visa program, launched in 2013, is considered one of the most affordable and straightforward Golden Visa programs in Europe. Here are the main features:
With an investment of just €250,000 in real estate, the Greece Golden Visa is one of the most cost-effective in the EU.
Freedom of Movement
Holders of the Greek Golden Visa enjoy freedom of movement within the Schengen Zone, giving them access to 26 European countries without requiring any additional visa.
Other EU Golden Visas
There are numerous other Golden Visa programs in the EU. Let’s explore a few of them:
The Portuguese Golden Visa
Portugal’s Golden Visa program requires a minimum investment of €350,000, slightly higher than Greece. However, it offers potential routes to citizenship and a high standard of living.
The Spanish Golden Visa
Spain’s Golden Visa program requires a minimum investment of €500,000 in real estate. It provides access to a country with a robust economy and vibrant culture.
Greek Golden Visa vs Other EU Golden Visas: The Comparison
While each Golden Visa program has its pros and cons, the Greek Golden Visa stands out for its affordability and the freedom of movement it offers within the Schengen Zone.
Comparing Investment Amounts
The Greek Golden Visa requires the least investment among the programs we discussed, making it a financially attractive option.
Comparing Freedom of Movement
All of the Golden Visas we discussed offer freedom of movement within the Schengen Zone. However, the Greek Golden Visa provides this benefit at a significantly lower cost. Conclusion
When it comes to choosing between the Greek Golden Visa and other EU Golden Visas, the decision ultimately depends on your personal circumstances, needs, and goals. While the Greek Golden Visa offers affordability and excellent freedom of movement, other programs might be more appealing due to their potential routes to citizenship or other unique benefits.
1. Is the Greek Golden Visa the cheapest in the EU?
Yes, as of now, the Greek Golden Visa, requiring an investment of €250,000, is among the most affordable in the EU.
2. Can I travel freely within the EU with a Greek Golden Visa?
Yes, the Greek Golden Visa allows freedom of movement within the Schengen Zone.
3. How does the Portuguese Golden Visa compare to the Greek Golden Visa?
The Portuguese Golden Visa requires a higher investment but offers potential routes to citizenship.
4. What is the investment required for the Spanish Golden Visa?
The Spanish Golden Visa requires a minimum investment of €500,000 in real estate.
5. What are the benefits of a Golden Visa?
Golden Visa programs offer numerous benefits such as freedom of movement within the Schengen Zone, potential routes to citizenship, and a high standard of living, depending on the country.