Table Of Content
About Greece Golden Visa
The Greek government launched the Greece Golden Visa Program in 2013 as one of the many ways to boost its economy. This program creates a win-win situation for both the Greek economy and the investor, where it gives the opportunity to obtain a renewable permanent residency valid for five years for interested investors and their eligible family members.
Investors are required to make an investment in the real estate sector (flat, house, shop, land plot or a combination of real estate assets) with a minimum investment of 250,000 Euro to qualify. The permanent residency is renewable and the only requirement for renewal is to maintain ownership of the property.
Benefits of the Greece Golden Visa Program
- All the family members will have the Freedom of movement throughout the Schengen countries.
- No residency is required from the investor and their family members for renewing the permit
- Spouse and the children of the investor under the age of 21 are included, as well as parents with no age restrictions.
- Lowest property transfer tax in Europe.
- The right to reside in Greece and get the social benefits & access to the educational system.
- Ownership of property with the ability to rent property & gain a return on investment.
Greece Golden Visa Qualifications & Requirements for Investors
Main applicant requirements:
- Have a clean criminal record.
- Have insurance coverage in Greece.
- Submit an entry visa to the Greek consulate in their country of origin or residence.
- Have adequate funds to make the required investment
Eligible Family Members that can be included in an application:
- Spouse of the Investor
- Children of the investors below 21 years old.
- Parents of Investor
Cost of obtaining Greece Golden Visa
The minimum investment amount cited by the law is $ 250,000.
*Additional charges apply such as the application and administrative fees and property related expenses.
Process and steps of obtaining Greece Golden Visa
- Step One: Collect all the required documents and forms.
- Step Two: Locate the property in Greece and arrange for purchase.
- Step Three: travelling to Greece to submit the application for the permanent residence permit
- Step Four: investors and included family members will be issued a one year permit that allow them to reside legally in Greece until the decision of the application is made.
- Step Five: When the application is fully processed (Within approximately two months) the government will issue a decision regarding the application. .
- Step Six: upon approval the biometrics information will be required to issue a 5 years permanent residence permit for applicants.
- Provide real estate investment options.
- Provide consultation services for your case and what is required for this program.
- Assist in reviewing and preparing your documents and forms.
- Schedule and organize your exploratory visit to Greece (remote purchase is available).
- Follow up on the application status and update you frequently
- Permanent residency cards are delivered to where the investor is located.
What are the requirements for renewals?
maintain the investment ownership.
Is it there a minimum residency requirement to maintain the residency?
No, there is no residency requirement to maintain the residency or renew the residency.
Can I rent/lease out the property I purchased?
Yes, it is allowed under Greek law to rent out the property you own and obtain a return from it.
when can the investor apply for Greek citizenship & passport?
Investors who hold the golden visa will be eligible to apply for Greek citizenship in 7 years of continuous residency, and accordingly, be issued a Greek passport.
Where is Greece located?
The Republic of Greece is part of the European Union, located in southeastern Europe, on the borders with Albania, Bulgaria, and Macedonia to the north, and Turkey to the east. It consists of 13 regions, with a total area of 128,900 square kilometres, the country has a total population of more than 10,7 million people, and the most populated city is the capital, Athens, with a population of more than 3,1 million, where the locals use Greek as the official language of the country. The country is characterized by its mainly Mediterranean climate, which is relatively warm and dry summers and rainy mild winters. In terms of the terrain, it is mostly mountainous, as the highest peak is located in Mount Olympus with 2,917 metres above sea level. Greece also has a long coast with many beaches and world-renowned islands such as Santorini and Mykonos.
Is Greece a Schengen country?
Yes, Greece signed the schengen agreement. The residence permits issued by Greece are valid in all Schengen states.
What is the strength of the Greek passport?
Greek passport is currently ranked 9th according to Reach Immigration Passport Index, providing access to 184 destinations around the world and is considered one of the most desirable passports as it gives its holder the highest degree of mobility between various destinations.
What countries does the passport of Greece allow you to enter without a visa?
Greek passport allows entry to 141 countries without a visa according to Reach Immigration Passport Index, and the countries were distributed as follows: Europe:albania, Andorra, Armenia, Austria, Belarus, Belgium, Bolivia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Fiji, France, Finland, French Guinea, French Polynesia, French west Indies, Georgia, Germany, Gibraltar, Greenland, Hungary, Iceland, Ireland, Italy, Kiribati, Kosovo, Kyrgyzstan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mayotte, Moldova, Monaco, Montenegro, Netherlands, North Macedonia, Norway, Palau, Poland, portugal, Romania, Reunion, San Marino, Serbia, Sweden, Switzerland, Ukraine, United kingdom, Vatican. Americas: Anguilla, Antigua and Barbuda, Argentina, Aruba, Bahamas, Barbados, Belize, Bermuda, Bonaire Saint Eustatius and Saba, Brazil, British Virgin Islands, Cayman Island, Chile, Colombia, Cook Islands, Costa Rica, Curaçao, Dominica, Dominican Republic, Ecuador, El Salvador, falkland island, Grenada, Guatemala, Guyana, Haiti, Honduras, marshall islands, Mexico, Montserrat, New Caledonia, Nicaragua, Niue, Panama, Peru, Saint Kitts and Nevis, Saint lucia, Saint Vincent and the Grenadines, Samoa, slovakia, slovenia, Spain, saint maarten, Turks and Caicos Islands, Uruguay, Vanuatu, Venezuela. Asia: brunei, Hong Kong, Indonesia, Iraq, Israel, Japan, Kazakhstan, Macau, Malaysia, Micronesia, northern mariana islands, Oman, Palestine, Paraguay, Philippines, Qatar, Singapore, Solomon Islands, South Korea, Taiwan, thailand, Timor-Leste, Tonga, Turkey, Tuvalu, Uzbekistan. Africa: Botswana, Cape Verde, Eswatini, Gambia, Jamaica, Mauritius, Morocco, São Tomé and Príncipe, Senegal, South africa, Tunisia.
What countries does the passport of Greece allow you to enter with a visa on arrival?
Greek passport allows entry to 43 countries with a visa on arrival according to the Reach Immigration Passport Index, and the countries were distributed as follows: Asia: Bangladesh, Bahrain, Cambodia, Iran, Jordan, Kuwait, Laos, Lebanon, Maldives, Mongolia, Nepal, Papua New Guinea, Saudi Arabia. Africa: Burkina Faso, Comoros, Egypt, Ethiopia, Gabon, Guinea-Bissau, Kenya, Madagascar, Malawi, Mauritania, Mozambique, Rwanda, Seychelles, Sierra Leone, Somalia, Tanzania, Togo, Uganda, Zambia, Zimbabwe. Americas: Saint Helena Island.
Can I apply for Greece golden visa by myself?
No, you must submit your application through an authorized agent, as applications for residency must be dealt with by certain specialists who have experience and are recognized by the government of the country.
Can I buy more than one property and apply for a Golden Visa?
Yes. You can purchase more than one property to qualify for Greece’s Golden Visa as long as the amount invested is equal to or greater than 250,000 Euro.
Can more than one investor own a property and be eligible for a Golden Visa?
Yes, co-ownership is allowed as long as each person invests an amount starting from 250,000 Euro.
Which family members can be added to the application of Greece's Golden visa?
Family members who can be included are the spouse of the main applicant, all dependent children under 21, and dependent parents of the applicants above 65.
How long does it take to obtain Greece Golden Visa ?
Obtaining Greece golden visa takes a period from 2 to 4 months from the date of applying.
Do I have to travel to Greece while submitting my application?
No, the application can be done remotely, but you have to travel to Greece to see and choose the property
Can I work in Greece after I get the golden visa?
No. Greece's golden visa does not entitle you to work for yourself or your family members in Greece.
Can I Travel in Europe With Greece Golden Visa?
Yes, by obtaining a golden visa for Greece, you and your family members can travel to a number of European countries without a visa upon arrival, according to the Reach Immigration Passport Index.
For How Long Is the Residence Permit Valid?
The residence permit you get with the Greece Golden Visa is valid for 5 years, after which you can renew it indefinitely every five years as long as you keep the real estate investment.
How Long Do I Have to Stay In Greece To Renew the Residence Permit?
There are no stay requirements in order to renew a Golden Visa Residence Permit.
Does Greece allow dual citizenship?
Yes, Greece allows you to have more than one nationality in addition to its own.