The CBI program has consideration globally accompanied by myths. These programs permit the people to get citizenship of the nation through economic contributions. We should know the reality behind these programs is essential. Individuals focus on the Greece investment citizenship program to gain a new passport and approach to Europe. There are different misconceptions about how the program works, what it demands, and what it offers. Let’s examine some misconceptions to understand them and the Greece citizenship program clearly.
Myth 1: Greece Offers CBI
One of the myths is that Greece investment citizenship offers direct citizenship to investors through its golden visa program.
Fact: Greece’s residency by investment program is not a citizenship program. Investors receive a residence permit, which can lead to citizenship after living in Greece for seven years and must meet other legal demands, such as proficiency in language and know the cultural demands.
Myth 2: Full time Live in Greece
Some individuals live permanently in Greece to maintain their golden visa,
Fact: Staying is not a requirement. Investors can reside anywhere in the world and retain residency if they meet the investing terms, such as maintaining asset ownership in Greece.
Myth 3:Expensive for Ordinary Investors
Investment according to Greece’s demands is only affordable for some people.
Fact: Greece’s golden visa program is one of the best in Europe, with real estate investments of $250,000 (in some areas it is $500,000). It is price-effective when matched with other similar programs in other nations.
Myth 4: Golden Visa Process Is Difficult
Various candidates think the golden visa application procedure is complicated.
Fact: All migration procedures include documents, and a Greek program is simple. With the support of experts, and lawyers, applications are proceeding within 2 to 3 months after the completion of the investment.
Myth 5: Immediately Gain EU Citizenship
Get the Greece golden visa and make them European Union citizens.
Fact: The golden visa permits residency, not citizenship. Citizenship requires complete particular eligibility criteria like living in Greece for 7 years, knowing the Greek language, and nation culture. The residency allows visa-free traveling across the Schengen zone.
Myth 6: Not Include Family Members
The program is limited to the primary candidate.
Fact: Greece permits family members to include spouses, children under 21, and parents included under the golden visa program. This makes Greece an appealing choice for families looking to move or gain residency.
Myth 7: Apply for Greece but Must Speak Greek
Greek language skills are essential when applying for the golden visa.
Fact: There is no language requirement for obtaining a residency permit. Candidates who want to follow citizenship must show interest in Greek.
Furthermore Dubai gives the 10 year residency visa which is represented by a golden visa. Currently Dubai citizenship by investment is not offered but residency visa with some advantages.
Conclusion
Investing in Greece’s citizenship and residency program is surrounded by misconceptions that can confuse many candidates. Knowing the facts, investors can make wise decisions about the program that fits their requirements. It is essential to seek expert advice to navigate the procedure effectively and clear doubts.
