Home Residency in Schengen The Cheapest EU Residency: How to get a Greek Golden Visa

The Cheapest EU Residency: How to get a Greek Golden Visa

Can you guess the cheapest EU residency?

For many, second residency in the European Union is a goal worth paying extra for.

EU second residencies (and, in many cases, the future second passports to follow) are more expensive and more complicated, but also offer increased freedom of movement and the potential for an excellent second passport.

For many, the easiest way to get EU residency is through residency by investment, whereby an investor purchases real estate, makes a bank deposit or makes some other investment.

The cheapest residency by investment program in the European Union is in Greece.

A mere 250,000 euro real estate investment entitles the investor and his family to live not only in Greece, but to move freely about the Schengen Area.

However, investing in Greece is not as easy as it sounds.

Andrew explains why purchasing Greek real estate for residency and future citizenship has some challenges, and you might consider other options.

ABOUT NOMAD CAPITALIST

Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.

Andrew started Nomad Capitalist to help people like you follow his five magic words: “go where you’re treated best”. He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.

He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.

As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.

Nomad Capitalist’s Youtube channel is based on Andrew’s vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.

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38 COMMENTS

  1. I'm an American citizen. As a child I lived in Greece, having graduated from Pinewood Schools of Thessaloniki while living there for seven and a half years. My father worked at the Greek Ethyl plant next to Esso which later became Exxon. This sounds like an opportunity for me.

  2. Hey , Greek nomad-wannabe here
    while living and working here kinda sucks , i do understand why nomads from other countries might find Greece attractive (and no , you dont need to stay in Greece for 7 years , you need to own the property for 7 years , €250k minimum , and you have to enter the country at least once per year for it to count , even for just 1 day)

    I am kind of broke (as most Greeks are)
    but i do yearn for the nomad lifestyle !

  3. I need money to get my inheritance funds worth millions, i will give a sports Bike/Car (OR) Dollars to helping person do accept my offer, my future destiny is USA.
    (Monk)

  4. One of the reasons why I'm glad my country (UK) left the EU, the country doesn't care about a person's ethnicity and anyone can become British! So many EU countries discriminate against people based on race

  5. Andrew, I'm Greek and it took me a month of watching your other videos before discovering this little gem. We have had a lot of people buying up Greek property since you published your video. I'm about to put my own home in the market for €350k if one of your clients is interested. Great view, just next to the most beautiful architecture of the whole of Athens, the SFNCC, by the sea.

  6. Basically
    Cheap is very expensive and not reliable. So Portugal is the cheapest with best system

    My investments in Portugal are going very well. Only have to be in Portugal 14 days a year. Lower taxes if I don't live in the country over 180 days per year…..
    My property is on Airbnb and with 90% occupation rate… Very good returns… Property market very stable…… So thanks good I invested in Portugal and process was very smooth

  7. Hi Andrew, saw this. You might not see this as old video. If you can I would like your opinion on the cyprus category f visa. I'm currently living in Malaysia under MM2H great program but considering trying something new.

  8. So here is an enigma. If Greece is a shithole, why are so many people in such a hurry to plunk down 250k euro for a shithole. If you have that much money to plunk down on real estate in a shithole then maybe better to do some traveling and get out of your situation long enough to come up with a better plan.

  9. You may have forgotten or may not be aware of the nightmarish Greek bureaucracy, which gets worse and worse by the day, irrespective of who is in the Government. And if you decide to buy property in Greece you are in for immense frustration and trouble, you should consider yourself lucky if you are not taken to the Court. Greece is really nice and pleasant but only for spending time there, ideal place for holidays, but do not even think of doing anything serious. Even places like Zimbabwe and Cambodia have cadasters, Greece is introducing it now and in many places it does not work yet.

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