Open door to EU
You can travel in Europe without a visa and stay in other countries of the European Union for up to 3 months in a 6-months period.
Greece
Greece Residency by Investment Golden Visa Program
The Greek residency by investment program, also known as Golden Visa, was launched in 2013 and is the most affordable option for investors who seek access to the EU, Canada, and the USA. After 7 years of residence, an investor can apply for citizenship.
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About the program
The Greece Golden Visa is the most affordable of all EU residency programs, has a short timeline, and provides holders with the ability to travel freely in the Schengen Area, in addition to the possibility of acquiring Greek citizenship.
Minimum Investment
€250,000 is the required minimum investment in real estate. The purchase must be completed before applying for Golden Visa.
About the country
Greece is a vibrant, colorful country and one of the most popular tourist destinations in Europe. As an EU member country, it is also an attractive location to settle and has many advantages to offer its residents.
Population: 10,72 mln. Currency: Euro (EUR) Language: Greek Capital: Athens
Processing time
Depending on the case and type of investment, the Greece Golden Visa process can take from 2 to 4 months.
Visa-free travel
The Greek Passport gives access to all 26 countries in the Schengen Area of Europe, and a Greek passport opens door to 186 countries for visa-free or visa-on-arrival travel.
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Benefits of Greece Golden Visa
The Greek residency by investment program is ideal for individuals who love spending time in comfortable, secure surroundings with high standards of living, while having the ability to freely travel to many top destinations.
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Simple process
Short timeline, there is no requirement to stay, no language tests or interviews, and renewal of Greek Golden Visa is only after 5 years.
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Greek Passport
You can apply for Greek nationality if you have Golden Visa for 7 years and you reside in Greece at least 183 days per year.
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Comfortable life
Greece is an attractive country to visit and live in. Enjoy astonishing nature, the international community, rich culture, and security.
Type of Investment for Greece Golden Visa
The Greek residency by investment program offers various options for investing, the most common of which is the purchase of property with guaranteed income. In all cases, an individual must keep the investment minimum for a period of 5 years. From 1st of August 2023 in some areas on the mainland mainly around Athens minimum real estate investment increased to €500,000.
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€250,000
The minimum investment in real estate: This can be purchasing a property (one or several), or it can be acquiring a plot of land with a construction contract with a total value of €250,000.
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€250,000
A minimum 10-year lease agreement or time-sharing agreement for hotel accommodations or furnished tourist residences in integrated tourist resorts.
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€400,000
The minimum capital contribution in a business or company registered in Greece, a real estate investment company, or an investment fund.
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€400,000
- The minimum investment in shares bonds issued by the government or local companies
- Deposit in a Greek bank
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Requirements for an investor:
- Any citizen of a non-EU and EFTA country
- Age above 18 years
- Clean criminal record
- Medical insurance
Eligible family members:
- Spouse
- Children under 21 years old
- Parents and grandparents of the main applicant and spouse
Timeline for obtaining permanent residency in Greece
The Greek residency by investment program has an easy process with simple steps. One of the most important steps in acquiring Greece Golden Visa is the paperwork stage. Invest Citizenship will recommend highly experienced local lawyers to guide you and support you until you will receive your residency card.
Step 1
1 week
Get your Greek non-resident tax number (AFM). You can do this in person or remotely with Power of Attorney, but it has to be signed in presence of the Greek consulate.
Step 2
1 month
Choose the right type of investment and transfer the funds. You are not obliged to open a bank account in Greece and can make payments from the account of your country, but a Greek account will be useful to you in the future.
Step 3
2 months
Prepare the necessary documents and apply for residency to the Alien and Immigration Department at the Decentralized Authority where the investment is located. This can be done remotely by lawyers.
Step 4
1 week
In this step, you will receive approval of your application. It will be a temporary residency which gives you the right to live in Greece. You will need to visit Greece to submit your biometric information. You have up to 1 year to do this.
Step 5
1-2 months
The residence permit is issued by the Secretary General of the Decentralized Authority. A residency card is valid for 5 years. To renew the Golden Visa, you need to keep your investment.
Step 6
After 7 years
If you plan to obtain Greek citizenship, after 7 years of Golden Visa you can apply for a passport. Additional requirements are a language test, a Greek citizenship test, and living in Greece for at least 183 days per year.
Real Estate Investment Options
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Apartment near the sea
1 bedroom Apartment is a bright example of a traditional style Cycladic property coupled with the guarantee of Leptos Estates top-quality construction standards. Communal swimming pools, landscaped gardens, bar/restaurant, and a clubhouse are a few of the facilities that owners of this apartment can benefit from.
Price: €263.000
Location: Paros Island (Greece)
Santorini Villa
A beautiful detached 2+1 bedroom villa complimented with Greek style architecture and the white and light blue color is used in the exterior design of this property. This villa is located to all the local amenities and has a prime investment potential. It is ideal for permanent living or spending quality time.
Price: from €505.000
Location: Santorini (Greece)
Total Size: 253.80m2
Income: 3% for 3 years
Crete beachfront apartment
This 2 bedroom apartment fully furnished is situated in the prestigious area across the road from the municipal beach of Maleme, it boasts magnificent views of the Mediterranean Sea and the picturesque mountains of Crete. A large themed communal pool, a bar, a mini market and shops are some of the additional benefits.
Price: from €295.000
Location: Crete (Greece)
Total Size: 65.22m2
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