In 2022, many countries around the world will gradually tighten their immigration policies, including popular European immigration countries that have always been known for their simple immigration requirements and low thresholds.
For example, Portugal , which just implemented the new immigration policy at the beginning of this year, reported in November that the golden visa project would be shut down. As soon as the news came out, according to data from the Portuguese Foreigners and Border Service, the amount of investment in Portugal’s golden visa in November increased by 48% compared with the previous month, which shows the popularity of Portugal’s golden visa.
Fortunately, the proposal to shut down the golden visa project was rejected in Portugal’s 2023 national budget.
As for one of the most popular golden visa programs in Europe, Greece’s golden visa program has experienced a “price increase”. Previously, the Greek government intended to increase the investment threshold for the Greek Golden Visa from 250,000 euros to 500,000 euros, and planned to implement it in early January 2023.
However, according to local media in Greece recently, after a high-level meeting of the Cabinet Office, it was decided to postpone the implementation of the Greek Golden Visa price increase policy until May 1, 2023. This is very good news for applicants who intend to immigrate to Greece. It is recommended that friends who are interested in "getting on the bus" contact Jinghong Consultants for consultation.
Portugal and Greece golden visa projects have no language or academic requirements for applicants. With a simple investment, three generations of the whole family can obtain the European "green card" , which is favored by Chinese applicants. So what are the differences between the Portuguese Golden Visa and the Greek Golden Visa programs? Which one is more suitable for you?
Investment threshold
Portugal Golden Visa The investment threshold is 350,000-500,000 euros. The minimum investment amount for investing in low-density areas can be reduced by 20%, or 280,000 euros. The investment threshold for the Greek Golden Visa is 250,000 euros. Applicants who purchase real estate in Greece for more than 250,000 euros can apply for immigration.
Immigration Status
After the Portugal Golden Visa project is approved, the applicant and accompanying relatives obtain the Golden Residence Permit. Although it is not a permanent residence status, the Portuguese Golden Residence Permit status also enjoys the same education and medical benefits as permanent residents and citizens. You can also live and reside freely in Portugal, and travel to 27 European Schengen countries without a visa.
After the Greek Golden Visa project is approved, the applicant and his family can directly obtain the Greek investor permanent residence status in one step, enjoy local education, medical and other social welfare, and can also be visa-free for 27 European Schengen countries.
Age of accompanying children
Both Portugal and Greece allow one person to apply, and three generations of the whole family can immigrate together. Among them, Portugal and Greece have different age requirements for accompanying children:
Portugal allows unmarried children under the age of 18 of the main applicant or unmarried children over 18 years old. Children who are studying full-time and are financially dependent on the main applicant can accompany them;
Greece allows children under the age of 21, who are unmarried, studying full-time, and are financially dependent on the main applicant to accompany them. In addition, after the children hold the residence card until they are 21 years old, they can apply to extend the validity period of the residence card to 24 years old.
Residency requirements
Portugal has lower residency requirements for immigrant applicants: a cumulative stay of not less than 7 days in the first year, and a cumulative stay of not less than 14 days every two years thereafter. Greece has no residency requirements for applicants. Applicants and their families can choose whether to live there.
If you want to plan your identity for yourself and your family relatively easily and simply, the European Golden Visa program is a good choice. There is no long waiting list for immigration, and there is no need to be subject to strict immigration residency requirements. If you want to learn about Portuguese and Greek immigrants, seize the opportunity now and don’t “miss the opportunity” again!
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