The second statement is correct.
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How can I obtain a Greek golden visa with a bank deposit?
I see that the Golden Visa in Greece is available to individuals who make a deposit of 400,000 euros in a Greek bank account. The minimum time for deposit is listed as 12 months. Does this mean that the deposit needs to have been made 12 months before applying for the visa, or one can get the visa immediately after making the deposit, as long as the deposit remains for 12 months after that?
Answers
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The second option; You get the visa, once the procedure is concluded and then you must keep the deposits intact above the threshold of 400,000 euros.
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To apply for a residence permit for investment in a bank deposit, non-EU/EEA citizens must enter the country on a national visa (type D) issued for this specific purpose by the competent consular authority, which is valid for up to one year. The investor may submit the application with the documentation immediately after the completion of the investment in a bank deposit and, in any case, no later than one year from the beginning of its implementation. So the procedure can start immediately after the implementation of the investment in a term deposit of at least 400,000 euros in a Greek credit institution, for at least one year, with a standing renewal order.
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The applicant can submit his application in the immigration office upon the deposit of 400,000 euros to the Greek account, No need to wait one year.
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