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The Safety of Investment and Residency in Greece: Opportunities for Vietnamese Entrepreneurs

20/10/24
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In the context of deepening globalization, many Vietnamese entrepreneurs are seeking opportunities to expand their business and investment abroad. Greece has emerged as an attractive destination, not only for its rich culture and beautiful landscapes but also for its safe and advantageous residency investment programs.

The Safety of Investment and Residency in Greece: Opportunities for Vietnamese Entrepreneurs

1. Golden Visa Program: Benefits and Safety

Greece’s Golden Visa program has attracted more than 10,000 investors since its launch in 2013. According to data from the Greek Ministry of Migration and Asylum, by 2024, approximately 12,500 residency permits have been issued to investors and their family members. With a minimum investment requirement of €250,000 in real estate, this is one of the lowest investment thresholds in Europe compared to similar programs, such as Portugal (€500,000) and Spain (€500,000).
This program not only allows investors and their families to reside in Greece but also facilitates free movement within 26 countries in the Schengen area. Additionally, the residency permit application is processed through a transparent and clear system, without the need for financial proof of funds, reducing legal risks and enhancing investor safety.

2. Reliable Business Environment

Greece, as a member of the European Union (EU) and the Schengen Area, ensures political and legal stability for investors. According to the World Bank, Greece has made significant improvements in its business environment and currently ranks 79th in the “Doing Business” report for 2024, a significant leap from its 109th position in 2019. Administrative and tax reforms, along with incentives for foreign investors, have reduced the time and cost required to complete business procedures.

3. Strong Economic Recovery

After a decade of financial crisis, Greece’s economy is experiencing an impressive recovery, with GDP growth expected to reach 2.5% in 2024. Foreign investment in Greece has increased by more than 20% over the past three years, thanks to investment incentives and infrastructure improvements. Key sectors such as tourism, real estate, and information technology are experiencing strong growth, offering significant opportunities for investors.
Notably, Greece’s tourism sector recorded a milestone with over 33 million international visitors in 2023, contributing more than 25% to the country’s GDP. This not only boosts the real estate market but also drives growth in service and consumer industries.

4. International Business Community and Investment Support

Greece has become a hub for investors from around the world. According to Enterprise Greece, more than 30% of real estate investments in Greece in 2023 came from Asian entrepreneurs, including those from Vietnam, China, and South Korea. With the growth of the international business community, Vietnamese businesses can easily connect, find strategic partners, and expand their markets in Europe.
Government agencies and non-governmental organizations in Greece also offer various investment support programs and legal advisory services for foreign investors, ensuring that procedures are followed correctly and protecting investors’ rights.

5. Professional Consultation and Optimal Investment Solutions

Professional residency investment consulting firms can provide comprehensive services for Vietnamese entrepreneurs, from selecting suitable real estate to assisting with residency permit applications. A recent survey showed that more than 90% of investors were satisfied with the professional consulting services in Greece, helping them reduce stress and risks when investing abroad.

Conclusion

Greece is a safe and attractive destination for Vietnamese entrepreneurs seeking residency investment opportunities. With a recovering economy, a flexible Golden Visa program, and a transparent business environment, Greece not only helps entrepreneurs expand their business operations but also offers a high-quality lifestyle for their families.
Explore the opportunities and prepare for your residency journey in this beautiful country!


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