GREECE-EU GOLDEN VISA, & RESIDENCY PROGRAM
- Residency in 6 months
- Required investment minimum – €250,000
- Residency for the entire family
- 5 year residency with right to renew every 5 years
Greece is allowing investors and spouses to include their parents on the application, with kids up to 21 years old.
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Requirements For The Golden Visa Acquisition
The advantages of the residence permit in detail:
Right to obtain a residence permit for the whole family, i.e. the owner's spouse, their children under the age of 21, as well as the parents of both spouses.
There is no obligation to stay in Greece in contrast to other types of permits, the holder may travel throughout Europe without visiting the country.
This residence permit is issued for a full 5 years with the prospect of renewal. For the renewal to take place the owner must still own a property.
The amount owner must still own depends on the amount he/she received the Golden visa on first place.
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Visa-free travel to 28 European states
Greece Residence by Investment offers visa-free access within Schengen Zone — get visa-free access to 28 EU states, including Switzerland, Luxemburg, Italy and Germany. Go on a last-minute business trip or take your family on a spontaneous holiday in Europe — open up Europe.
- Austria
- Belgium
- Bulgaria
- Croatia
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
Program Requirements
The criteria for the Greek residency by investment program is as follows:
Due Diligence: Greece is a very privacy-forward program that implements the least intrusive due diligence requirements of EU programs. The program is comparatively lenient, requiring a clean background check and investment funds transferred from a licensed bank to a Greek bank account.
Investment Options: The Greece residency program is real estate based – requiring a real estate purchase. Properties can be used for personal use or to generate rental income.
Health: Applicants must provide proof of health insurance that covers everyone while in Greece.
Investment Threshold: The Greek Golden Visa has three investment zones: the most popular areas, such as Athens, Thessaloniki, and the Greek Islands require a minimum investment of €800,000 [approx. $867,000]. All other areas require a minimum investment of €400,000 [approx. $435,000]. Properties for conversion or restoration start at €250,000 [approx. $278,000].
Investment Hold: To keep and renew the Greece Golden Visa, the investment must be maintained. However, if Golden Visa holders acquire Greek citizenship, they are no longer obligated to maintain their investment.
Physical Presence: Applicants are required to visit Greece to submit biometrics, however there are no additional requirements to be physically present in the country and relocation is not mandatory.
Investment Options
Greece offers the most affordable EU Golden Visa along with a streamlined application process – approval from only 6 months.
Investors must purchase real estate, and the required minimum investment starts at only €250,000 – depending on the region and the type of property.
The Greek residence permit is renewable in five-year intervals for as long as property ownership is maintained.
Option 1 / €250,000 minimum investment
Conversion or Historical Restoration projects The property can be located anywhere in Greece and be
any size Conversion
of commercial property to residential – must be completed before the Golden Visa application can be
submitted
Restoration of Listed Buildings (officially registered as having historical or cultural value) –
must be completed
within 5 years of Golden Visa approval
Option 2 / €400,000 minimum investment
For property in most regions of Greece, for example, in Halkidiki
and the Peloponnese. The investment must be made in a single property which is at least 120 square
meters in size
Option 3 / €800,000 minimum investment
Forproperty in Attica, Thessaloniki, Mykonos, Santorini, and islands with populations of more than
3,100 residents The
investment must be made in a single property which is at least 120 square meters in size
Important Program Notes
All investment options are cash payments made via bank transfer from an accredited bank or financial
institution & must
be paid in full
All investment options require additional processing fees, legal fees, and taxes
Golden Visa properties may only be rented out on the long-term rental market
