One significant advantage of Greece’s Golden Visa program over Portugal’s Golden Visa offering is its lower property transfer tax, which makes it more financially appealing when comparing capital-based immigration programs. Additionally, the process of investing in Greece is considered simpler and quicker compared to other nations.
The Greece property transfer tax rate stands at 3% on the contract value for properties purchased after January 1st, 2006. In comparison to Portugal, Greece offers a much more attractive property transfer tax rate of 3%, making it an ideal choice for investors looking to acquire a European Union residence permit. The reduced taxes make Greek real estate investments more attractive for those seeking a European
The Portugal Property transfer tax tax rate is 5%, if the property is located in a rural area. However, commercial real estate is taxed at a rate of 6,5%, regardless of location — urban or rural.
A progressive taxation scale is applied for residential urban development. It considers the cost and the purpose of the purchase as a permanent home or a rental.
The lower property transfer taxes and ease of investing process make Greece’s Golden Visa program a more appealing choice for wealthy individuals looking to obtain EU residency through real estate investments.