Greece Golden Visa Program

Time to residency

3 months

Minimum Investment

€250,000

Type of investment

Real Estate

Visa free Countries

Schengen countries

Greece Golden Visa Program

The Greek government set up its Golden Visa Program in 2013. Between January and June 2020, over 22,500 residence permits were granted to non-EU and non-EEA investors and their families who made a property investment of at least €250,000.

A Greek Golden Visa allows holders to remain in Greece and travel freely within the EU and Schengen for five years as long as they maintain the investment property. Holders do not need to reside in Greece as renewals are possible online. During the application process, investors only need to travel to Greece once to appoint a proxy with an in-person signature.

Investors who wish to go onto applying for a Greek passport need to reside in Greece for at least seven years.

Which Family Members Receive Automatic Residency Permit Along with the Investor

  • Spouse

  • Children of both spouses below the age of 21

  • Parents of the spouses

Greece Overview

Greece is famous for its ground-breaking ancient civilisation, magnificent scenery and Mediterranean cuisine. Located at the juncture between Africa, Asia, and Europe, Greece is among the most attractive European countries for people looking to relocate. A host of stunning islands with glorious beaches and ancient sites make up one-fifth of its total area. The Greece Golden Visa Program delivers all the benefits of EU/Schengen residency along with one of the lowest investment requirements.

Language

Greek

Currency

Euro

Total Area

131,958 km2

Capital

Athens

Government

Unitary Parliamentary Republic

Population

10,724,599

Greek Golden Visa Benefits

  • High return potential from a vibrant real estate market

  • Visa-free access to the 26 Schengen Countries and the EU

  • Access all major European cities within one to four hours

  • Automatic residency for children up to the age of 21

  • Right to apply for Greek citizenship after seven years of residency

  • Golden Visa applications only require one trip to Greece

Greece Real Estate Investment

The Greek Golden Visa real estate investment option offers non-EU applicants the possibility to purchase one or more properties worth at least €250,000 in return for a five-year residency permit. Throughout the five years, Golden Visa holders must maintain their investment property.

Apart from purchasing real estate, investors can also purchase a 10-year lease for furnished tourist apartment complexes or for a hotel. Moreover, it is also possible to buy a 10-year time-share agreement for hotel accommodation.

The property can be located anywhere in mainland Greece or on one or more Greek islands. Joint buyers can purchase real estate together.

Greece Golden Visa Cost

Real Estate Investment

€250,000

Taxes, Legal Fees, and Administration Costs approximately 6.4% of the property value

€16,000

Golden Visa Stamps

€2000 for each applicant and the main investor

Property Background Check

€250 plus 24% VAT

Real Estate Purchase Contract Fees

€1000

Residency Application Fee

€300 plus 24% VAT for the main investor and every other applicant

Applicants can expect the additional costs to amount to 8-10% of the property value.

How to Qualify for Greece Golden Visa

  • Investors must be at least 18 years old to apply

  • Applicants must have a valid visa for Greece at the start of the application

  • Applicants must have a clear criminal record

  • Applicants and their dependents must have health and hospital insurance from an authorized Greek insurer for the duration of their stay

  • Applicants must pass a due diligence and a fit and proper test

  • Applicants must furnish proof of their ability to support themselves from sound financial sources

  • Any documents that support the application must be certified and translated into Greek

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Greek Passport and Citizenship

Only investors who are willing to reside in Greece can apply for citizenship after seven years of doing so. Once Golden Visa holders become Greek citizens, they can resell their property and enjoy all the rights of a Greek passport. Applicants also have to pass a Greek language test.

    Greece Visa-free Countries

    Over the past number of years, the Greece government has been successfully working on expanding its list of Visa-free countries.

    FAQs About Greece Golden Visa

    To apply for the Greek Golden Visa real estate investment option, applicants must purchase one or more properties worth at least €250,000 and maintain the property investment for 5 years.
    Golden Visa holders can apply for a Greek passport after residing in Greece for at least seven years.
    To get Greek citizenship, investors must be willing to reside in Greece and can apply for citizenship after seven years of doing so. Applicants will also have to pass a Greek language test.
    Yes, Greek citizens may have dual citizenship, so Golden Visa holders do not need to give up their existing citizenship when applying for a Greek passport.
    Greece is considered to be very safe for travelers, although basic safety precautions should still be taken.

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