Living in Greece presents a unique blend of ancient culture, stunning landscapes, and modern amenities, making it an attractive destination for expats. Here's what you need to know:
Golden Visa Program: Greece offers a Golden Visa program that allows foreign nationals to obtain residence permits through investment, with options including real estate purchases and timeshares. The minimum investment is €250,000.
Travel Privileges: As a member of the Schengen Area and the EU, Greece provides its residents with the ability to travel visa-free across many European countries. Greek citizens enjoy visa-free access to over 180 countries worldwide, including the USA, the UK, and Australia.
Affordable Living: Greece's cost of living is about 12% below the EU average, making it more affordable than many other European countries. Consumer goods, utilities, and transport costs are comparable to those in Slovenia, Malta, and Estonia, but significantly lower than in the US, with rent, public transportation, and dining out costing 10—70% less.
Tax Incentives: New tax residents can benefit from various incentives, such as exemptions for foreign employees on half of their income for seven years, a flat tax rate for foreign retirees, and a lump tax option for high-net-worth individuals investing in real estate.
Real Estate Investment: Investing in Greek real estate can yield annual returns of 2—10%, with Athens and Crete being particularly lucrative due to high demand and rental prices.
Pleasant Climate: Greece enjoys a Mediterranean climate with hot, dry summers and mild, wet winters, making it an appealing destination for those seeking good weather year-round.
Laid-back Lifestyle: The Greek lifestyle is known for its relaxed pace, contributing to a satisfying work-life balance and a low percentage of employees working long hours.
Accessible Healthcare: Greece offers a mix of free public healthcare services and affordable private options, with private healthcare providing faster services and modern facilities at a lower cost compared to other EU countries.
English Widely Spoken: Over 50% of Greeks speak English, making it easy for expats to communicate and integrate without needing to learn Greek immediately.
Welcoming Community: Greece is known for its hospitality, with Greeks being welcoming to tourists and expats alike, contributing to a warm and friendly living environment.
Healthy Diet: The Mediterranean diet, prevalent in Greece, is considered one of the healthiest, focusing on plant-based foods, olive oil, and moderate consumption of fish, poultry, and dairy.
Rich Cultural Heritage: Greece's history spans thousands of years, offering a wealth of cultural and historical sites, including 18 UNESCO World Heritage Sites, reflecting the country's significant contributions to civilization.
Living in Greece offers a unique opportunity to enjoy a high quality of life, rich cultural experiences, and significant financial benefits through investment and tax incentives. Whether you're drawn by the historical heritage, the Mediterranean lifestyle, or the investment opportunities, Greece provides a compelling destination for expats seeking a new home.
Prepared on the information from immigrantinvest.com