Greece Golden Visa Bank Deposit Program

Greece Golden Visa Bank Deposit Program

The Greek Golden Visa Bank Deposit program was launched in 2019, requires foreign investors who do not come from EU Member States or the European Economic Area (non-EU/EEA citizens) to open a personal bank account in a local Greek bank and transfer 500,000 euros as a fixed deposit. The one year fixed deposit will be automatically renewed upon maturity. The main applicant, spouse, unmarried children under the age of 21 and parents of both spouses are entitled to enter the country and apply for a residence permit.

 

The fixed deposit offer stable interest per annual, no investment risk, and more flexible exit mechanism. After obtaining permanent residence, investor can enjoy excellent  healthcare and public education in Greece, as well as free travel to 29 Schengen countries and Cyprus.

Time to permit

1 year

Visa-free travel

Free access to 29 Schengen countries and Cyprus

Passport rank

8th in the world

Residency requirement

No residency requirement

Taxation

No taxation

Established time

Program launched in 2019

Application Requirements

  • The applicant must be at least 18 years old.
  • Foreign investors who are not from EU Member States or the European Economic Area (non-EU/EEA citizens).
  • The investor deposites 500,000 Euros in a fixed-term deposit account with automatic renewal. The intial term of the deposit is one year.

Program Benefits

Individuals who hold the Greece Golden Visas via investment method of a deposit of 500,000 euros are entitled to a wide range of benefits. Four of the key advantages include:

  1. The program allows to open bank account remotely, which means the investors do not need to enter in Greece or have a video conferencing for opening bank account in Greece. The bank account supports online transaction and provides physical card.
  2. The program has low risk. Once the deposit of 500,000 euros is made in Greece bank account, the benchmark one-year deposit rates sets as about 1.2%. In addition, investors are supported to withdraw the deposit at any time. As long as the deposit is saved in Greece bank account, the Greece RP identity is always kept by investors.
  3. The program’s procedure is simple and the investor will be issued RP with 100% success rate after the bank account is opened. In addition, only a brief explanation of the source of deposit is demanded for bank opening, no other requirements for the applicant’s age, educational background, language proficiency and residence period.
  4. Greece Golden Visas via investment method of a deposit of 500,000 euros allows to be applied for family members, including spouses, children under 21, and parents or in-laws, which easily helps the whole family to achieve the European identity backup, as Greece RP holders can enter 29 Schengen countries and Cyprus without needing a visa.