Greece

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.

Greece
Greece
Language

Greek

Greece
Currency

Euro

Greece
Total Area

131,958 km2

Greece
Capital

Athens

Greece
Government

Unitary Parliamentary Republic

Greece
Population

10,724,599

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.

Greek Golden Visa Benefits

With an affordable real estate property investment requirement, the Greek Golden Visa Program offers fast and easy access to permanent residency in the EU and access to the entire Schengen Area. Investors can reap multiple benefits for themselves and their families:

  • 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

Which Family Members Receive Automatic Residency Permit Along with the Investor

Greece

Spouse

Greece

Children of both spouses below the age of 21

Greece

Parents of the spouses

Greece

Real Estate Investment Option

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

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

    • 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
    Greece

    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

      How to Qualify for Greece Golden Visa

      • Greece
        Investors must be at least 18 years old to apply
      • Greece
        Applicants must have a valid visa for Greece at the start of the application
      • Greece
        Applicants must have a clear criminal record
      • Greece
        Applicants and their dependents must have health and hospital insurance from an authorized Greek insurer for the duration of their stay
      • Greece
        Applicants must pass a due diligence and a fit and proper test
      • Greece
        Applicants must furnish proof of their ability to support themselves from sound financial sources
      • Greece
        Any documents that support the application must be certified and translated into Greek
      Greece

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