Investors looking for a Golden Visa which gives non-EU citizens residency have been flocking to Greece ever more. But while Greek residency gains popularity, frauds aiming at gullible investors have also surfaced. To safeguard oneself, you need should know about these frauds. The greek citizenship by investmentgreek citizenship by investment appeals to many people who want to take use of European Union residency’s perks. But without enough investigation and prudence, people could become victims of bogus plans.
Understanding Common Golden Visa Scams
Scams connected to the Greece Golden Visa usually claim certain acceptance, short cuts to citizenship, or false information on investment choices or Some bogus agents could say they have direct contacts to Greek officials, so providing quicker services or lower costs. Actually, these guarantees hardly have any meaning. Real investment paths take time and entail particular legal procedures that cannot be avoided with quick cuts or “special deals.”
Avoid Unlicensed Agents and Lawyers
Falling for unapproved lawyers or agents who are not licensed to represent you is one of the most often occurring traps. These people could charge exorbitant rates without offering any justified services. See whether the necessary Greek authorities license the professional you are dealing with or if they are connected to a reputable law firm to guarantee you are dealing with a trustworthy professional. To stay from getting duped, only trust someone with verified qualifications.
Check Investment Projects Carefully
The way investment possibilities are portrayed raises further questions. Certain con artists will present appealing real estate projects or profitable company ideas. These initiatives might, however, either be nonexistent or inappropriate for Golden Visa program criteria. Before making any investment, always do extensive due diligence and validate the validity of the proposal by means of the suitable authorities.
Beware of Fake Documents
Some bogus people could present false documentation meant to fool you into thinking they are giving valid Golden Visa services. If someone offers to expedite the application process by turning in falsified documentation or fictitious evidence of income, be wary. Such records can create delays or perhaps result in a total rejection of your application. Make sure that documentation is authentic and filed in conformity with legal rules established by Greek government.
Do Your Own Research
Doing your own research and keeping current will help you avoid frauds most of all. Make sure you completely grasp the legal criteria involved, the Golden Visa application process, and the investing choices open. Don’t rely just on outside sources; examine official government websites or speak with reliable attorneys who can walk you through the procedure. Making a wise choice will help you stay away from frauds and guarantee a clear road towards greek citizenship by investment.