Greece Golden Visa Program: Greece Residency by Investment

Residency & Golden Visa Program of Greece

Time to citizenship

3 months

Minimum Investment

€250,000

Type of investment

Real Estate

Visa free Countries

Schengen countries

Overview of 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.
Language

Language

Greek

Currency

Currency

Euro

Land

Total Area

131,958 km2

Capital

Capital

Athens

Government

Government

Unitary Parliamentary Republic

Population

Population (2022)

10,724,599

Residency & Golden Visa Program of Greece

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.
Family

Which Family Members Receive Automatic Residency Permit Along with the Investor

  • Spouse
  • Dependent children of both spouses below the age of 21
  • Dependent parents and parents in law

Residency & Golden Visa Program Benefits of Greece

  • Visa-free access to all Schengen countries
  • Golden Visa applications only require one trip to Greece
  • Automatic residency for children up to the age of 21
  • Access all major European cities within one to four hours
  • Right to apply for Greek citizenship after seven years of residency
  • 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

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?

  • Applicants must be 18 years of age or older
  • Investors must be a third-country national – not an EU/EFTA citizen
  • Applicants must have no criminal record
  • Investors must have a certification of good health from a reputable health care system
  • Applicants must have capital assets of not less than €500,000 out of which a minimum of €150,000 must be financial assets
  • Investors must be in possession of adequate health insurance

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.

Reach us to learn all about Greece Program, Application Details and Visa-Free Countries

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

FAQ’s About Residency & Golden Visa Programs of Greece

How do I get a Golden Visa for Greece?
To apply for the Greek Golden Visa real estate investment, applicants must purchase one or more properties worth at least €250,000 and maintain the property investment for 5 years.
How long does it take to get citizenship in Greece?
Golden Visa holders can apply for a Greek passport after residing in Greece for at least seven years.
How can I get Greek citizenship?
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.
Does Greece allow dual citizenship?
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.
Is Greece a safe place to visit?
Greece is considered to be very safe for travelers, although basic safety precautions should still be taken.

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