Greece

QUICK FACTS

Location : Southern Europe, bordering the Aegean Sea, Ionian Sea, and the Mediterranean Sea, between Albania and Turkey

Capital : Athens

Total Area : 131,957 sq km

Population : 10,773,253 (July 2016 est.)

Population distribution: one-third of the population lives in and around metropolitan Athens; the remainder of the country has moderate population density mixed with sizeable pockets of urban agglomeration

Languages : Greek (official) 99%, other (includes English and French) 1%

Religion : Greek Orthodox (official) 98%, Muslim 1.3%, other 0.7%

Ethnic groups : population: Greek 93%, other (foreign citizens) 7% (2001 census)

note: data represent citizenship, since Greece does not collect data on ethnicity

Government type : parliamentary republic

GDP – per capita : $26,800 (2016 est.)

Climate : temperate; mild, wet winters; hot, dry summers

Legal system : civil legal system based on Roman law

Unemployment rate : 24.6% (2016 est.)

Visa free countries : 171 (2016)

Overview of the country – geographical Situation, accessibility

Flag of Greece

Greece is a European country, located at the southern end of the Balkan Peninsula. It is made up of three distinct geographical entities: continental Greece, the peninsula of Peloponnese and the islands, which account for one fifth of the total area of ​​the country.

There are no less than 3 international airports in the country. The seaports are numerous, as are the marinas.

Rate of tax system on the physical persons living in the country

This applies to all persons who earn income in Greece, irrespective of their nationality and place of residence.

Any individual, who has turned 18, must make a declaration, regardless of the amount of his income and the declaration of income from wage activities imposed abroad. This obligation applies to all natural persons over 18 years of age who are not under guardianship, if they are resident in Greece 183 days minimum.

Non-residents will pay tax on income earned in Greece, but not on income earned outside the country.  The tax on capital gains on property sales is 15%.

Physical and legal Security of the country

Greece is a parliamentary presidential democracy. The president, elected every 5 years, is the regulator of this political system.

The country is stable but suffers from a severe economic crisis, which can lead to strikes or demonstrations. Strikes are usually announced 2 or 3 days in advance.

Although destabilized by its entry into the euro area, Greece has since made considerable efforts to revive its economy.

Programs of economic investments set up by the government of the country host, with new residents

Several European countries are issuing Golden Visa which are designed to stimulate the country’s economy. Greece is one of the last nations to have taken the train in motion in this process.

Launched in 2013, Greece grants a 5-year residence visa in exchange for an investment in real estate. There is no minimum stay requirement and children under the age of 21 are included in the family application. The visa granted is renewed every 5 years if the property is retained. It is not necessary to live in the country. However, citizenship may be granted only after 7 years of residence.

The country’s permanent residence permit for investment provides a considerable opportunity for citizens who are not part of the EU. The program is open to investors who are inclined to disburse a minimum of 250,000 Euros for a property.

Quality of Life

Greece is known for its paradisiacal sites, full of ancient history and classified as a UNESCO World Heritage Site. Its islands, its Mediterranean climate, the quality of its local products make this country a very attractive place of life.

Countries for which visas are not necessary any more

Les bénéficiaires du programme de Golden Visa peuvent voyager, sans visa, dans les états membres de Schengen.