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. The Greece Golden Visa Program delivers all the benefits of EU/Schengen residency along with one of the lowest investment requirements. 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
Dependent children of both spouses below the age of 21
Dependent parents and parents in law
Greek Golden Visa Benefits
Visa-free access to all Schengen countries
Access all major European cities within one to four hours
Golden Visa applications only require one trip to Greece
Right to apply for Greek citizenship after seven years of residency
Automatic residency for children up to the age of 21
High return potential from a vibrant real estate market
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. The residency is granted and renewed every 5 years if the property investment is retained. 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
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 will undergo due diligence and must pass 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
Greek Citizenship and Passport
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.
FAQs About Greece Golden Visa
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