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Summary of this video:
Wealthy Expat discusses the Greek Golden Visa program, which allows investors to obtain residency and potentially citizenship in Greece by investing in property. They highlight the benefits of the program, such as the ease and speed of approval, the ability to apply from outside of Greece, and the option to rent out or Airbnb the property.
Wealthy Expat also mentions that the program is popular among Chinese investors and advises against purchasing the minimum required property value of 250,000 euros. They mention that the program is not open to Russians but is available to individuals from most other nationalities. Additionally, Wealthy Expat discusses the option of using Greece as a tax haven, specifically mentioning the Greek non-dominant regime and the lump sum tax program. They suggest investing around 500,000 euros in Athens to qualify for both the golden visa and the lump sum tax program, which would require paying approximately 100,000 euros in taxes per year.
Wealthy Expat concludes by recommending Greece as a destination for wealthy expats and suggests exploring other European countries with similar tax programs.
DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
