RESIDENCY BY INVESTMENT
Greece
Greece, located in southeastern Europe, is a country renowned for its profound historical significance and breathtaking landscapes. Often referred to as the cradle of Western civilization, it is the birthplace of democracy, philosophy, and the Olympic Games. With a rich cultural heritage that spans thousands of years, Greece is home to iconic ancient sites such as the Acropolis in Athens, the ruins of Delphi, and the palaces of Knossos in Crete.
The country boasts a diverse geography, featuring a mountainous mainland and an extensive archipelago of over 6,000 islands, many of which are popular tourist destinations known for their stunning beaches, crystal-clear waters, and vibrant local traditions. The Mediterranean climate offers hot, dry summers and mild winters, making Greece an appealing destination year-round.
More About Greece Golden Visa
Greece, known for its stunning landscapes, rich history, and cultural heritage, is a country located in southeastern Europe. With its picturesque islands, ancient ruins, and vibrant cities, Greece attracts millions of visitors each year. The country is celebrated as the cradle of Western civilization, home to iconic landmarks such as the Acropolis in Athens, the Palace of Knossos in Crete, and the ancient city of Delphi. Greece’s Mediterranean climate, delicious cuisine, and warm hospitality make it a desirable destination for both tourists and expatriates. The official language is Greek, and the country operates a mixed economy, primarily driven by tourism, shipping, and agriculture.
Population: Approximately 10.4 million
Language: Greek
Economy: Greece has a mixed economy, with significant contributions from tourism, shipping, agriculture, and services.
Currency: Euro
Greece’s Residency by Investment Program, commonly referred to as the Golden Visa, provides a unique opportunity for non-EU citizens to obtain residency in Greece through investment. This program is designed to attract foreign investment and stimulate the local economy while offering individuals and their families the chance to enjoy the benefits of living in one of the most beautiful countries in Europe.
Minimum specialized real estate investment of EUR 250,000
3-4 months from submission of the application to approval
One of the lowest-cost residency program which gives Freedom of travel to Greece and Europe’s Schengen Area
Obtaining Greek residency grants you the privilege of traveling freely without a visa across the 29 countries within the EU Schengen Area.
Your application allows for the inclusion of your spouse or partner, including same-sex couples. You can also add your biological or adopted children who are under 21 and living at home, with the option for them to remain in the program until they turn 24. Additionally, parents and in-laws are recognized as dependents in the application.
You are not obligated to live in Greece. Your only required visit will be for the submission of your biometrics.
By investing in property in Greece, you not only gain access to the Golden Visa program but also have the opportunity to earn a steady rental income. Renting out your property to tenants can provide a reliable source of revenue, helping you offset your investment costs while enjoying the benefits of residency. Whether you choose to rent it out long-term or opt for short-term vacation rentals, the thriving tourism sector in Greece can significantly enhance your earning potential. This dual benefit makes property investment in Greece an attractive choice for investors seeking both residency and financial returns.
After residing in Greece for a continuous period of seven years, individuals become eligible to apply for Greek citizenship. This process allows long-term residents to fully integrate into Greek society and enjoy the rights and privileges that come with citizenship. Applicants must demonstrate proficiency in the Greek language and knowledge of Greek culture, which further enhances their connection to the country. This pathway not only provides a sense of belonging but also opens doors to broader opportunities within the European Union, including enhanced travel, work, and business prospects across member states.
One of the significant advantages of obtaining a residence permit in Greece is that it does not have a set expiry date. This means that as long as you continue to meet the program’s requirements, your residence status can remain valid indefinitely. This feature provides a sense of security and stability for individuals and families, allowing them to live, work, and invest in Greece without the constant worry of renewing their permit. It fosters long-term planning and commitment to life in Greece, making it an attractive option for those seeking a permanent foothold in this beautiful country.
As part of the Greek Residency by Investment program, you have the opportunity to purchase commercial or industrial real estate that has been converted into residential spaces for a minimum investment of €250,000. Alternatively, you can opt for a property of the same value that has undergone refurbishment or restoration. This investment not only grants you residency but also contributes to the revitalization of the local real estate market. By investing in converted or restored properties, you can enjoy modern living in historic or strategically located areas while also tapping into the potential for rental income and property appreciation. This makes it an appealing option for both lifestyle seekers and savvy investors looking to make the most of Greece’s vibrant property landscape.
You can secure Greek residency by purchasing real estate valued at a minimum of €800,000 in prime locations such as Attica, Thessaloniki, Mykonos, Santorini, or other Greek islands with populations exceeding 3,100. Properties must have a surface area of at least 120m². For other regions of Greece, the investment threshold is reduced to €400,000. This investment not only provides access to Greece’s Residency by Investment program but also offers the opportunity to own premium property in some of the country’s most sought-after areas, with potential for both personal use and rental income.
To qualify for the Greek Golden Visa Program, applicants must secure comprehensive medical insurance for their stay in Greece. Additionally, documentation proving familial ties with dependents must be provided. It’s essential to retain ownership of the property or real estate investment throughout the program.
The residency permit is valid for five years, with the option for indefinite renewals. As a resident, you and your family can benefit from access to Greece’s public education system, offering quality schooling and educational opportunities for your dependents.
The Greece Golden Visa Program is a residency-by-investment scheme that grants non-EU citizens a five-year renewable residency permit in exchange for a real estate investment in Greece.
You need to invest at least €250,000 in real estate to qualify. In specific areas, such as Attica, Thessaloniki, Mykonos, Santorini, and islands with populations over 3,100, the minimum investment rises to €800,000.
Yes, you can include your spouse or partner, children up to 21 years old (who can remain on the program until age 24), and your parents or in-laws as dependents.
No, there is no requirement to live in Greece to maintain your residency. You only need to visit for your biometrics submission and maintain your investment in the country.
Key benefits include visa-free travel throughout the Schengen Area, access to Greece’s public education system, the ability to rent out your property for income, and the option to apply for citizenship after seven years of residence.
The initial residency permit is valid for five years. It can be renewed indefinitely as long as you maintain your investment and meet the program’s requirements.
In addition to your real estate investment, you must have medical insurance to cover your stay in Greece. You also need to provide proof of kinship for any dependents included in your application.
Yes, you are free to rent out your property and earn income from it while still benefiting from the Golden Visa.
Yes, after seven years of continuous residence in Greece, you may become eligible to apply for Greek citizenship.
Yes, you can invest in commercial or industrial properties converted into residential use, or purchase refurbished or restored real estate, as long as it meets the minimum investment threshold of €250,000.
The residence permit does not have an expiry date as long as the investment is maintained and the renewal requirements are fulfilled every five years.
On average, the application process takes around two to three months, including submission, review, and the issuance of a temporary residence permit. The permanent residency is typically issued within a few months thereafter.
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