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Greece Residency by Investment Golden Visa Program

UPDATE APRIL 2024
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.

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.
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.
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.
Comfortable life

Greece is an attractive country to visit and live in. Enjoy astonishing nature, the international community, rich culture, and security.

How to get Residency by Investment in Greece

Type of Investment for Greece Golden Visa

Greek residency by investment program offers various options for investing. The most common choice is purchasing the property with guaranteed income. In all cases, an individual has to keep an investment minimum for 5 years.

€250,000

The minimum investment in real estate: This can be purchasing a property (one or several). In high-demand areas minimum investment is €500,000.
€250,000

A minimum 10-year lease agreement or time-sharing agreement for hotel accommodations or furnished tourist residences in integrated tourist resorts.
€400,000

The minimum capital contribution in a business or company registered in Greece, a real estate investment company, or an investment fund.
€400,000

- The minimum investment in shares bonds issued by the government or local companies
- Deposit in a Greek bank

UPDATE APRIL 2024

The government announced some significant changes to the investment requirements.

🔹Increased Investment: In high-demand areas such as Attica, Thessaloniki, Mykonos, Santorini, and other populous islands, the minimum investment will rise to €800,000 from the previous €500,000 or €250,000. Meanwhile, in all other regions, the threshold will increase to €400,000 from €250,000.

🔹Property Specifications: Each investment must now be in a single property with a minimum area of 120m², ensuring quality and suitability for long-term residency.

🔹Rental Use Restrictions: The use of properties for short-term rentals is now prohibited, aligning with broader housing policies.

🔹Transition Period: These changes are set to take effect from March 31st, 2024. However, there’s good news for those looking to take advantage of the previous rules. Investors still have an opportunity to apply under the old requirements until August 30th, 2024.

🔹Completion Deadline: It’s crucial to note that investments under the previous rules should be completed by December 31st, 2024, ensuring a smooth transition period.

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Who can apply for Greece Golden Visa program?

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.

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.

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.

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.

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.

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.

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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