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About the Greece Golden Visa program
In 2013, the Greek government launched the Golden Visa program, aimed at boosting the country’s economy. This program offers qualified investors and their families the opportunity to obtain a renewable permanent residence in Greece for a period of five years.
According to the terms of the Golden Visa, investors who wish to participate in the program must invest in the real estate sector in Greece with a minimum amount of 500,000 EUR to obtain residency. They are also required to maintain ownership of the property purchased to ensure the renewal of their residency. Additionally, there is an option to invest 250,000 EUR in specific areas in Athens and some Greek islands.
Benefits of the Greece Golden Visa program
The Greek Residency – Golden Visa program offers many benefits to investors, the most important of which are:
- Freedom of Movement within the Schengen Area
Investors and their family members can freely travel between all Schengen countries without the need for a visa, making it easy for them to explore Europe.
- No Obligation to Reside in Greece
Investors and their family members are not required to permanently reside in Greece to renew their residency, giving them the freedom to choose their place of residence.
- Inclusion of Family Members
In addition to the investor, the spouse, children under 21, and parents can be added to the residency application.
- Property Transfer Tax
Greece offers the lowest property transfer tax in Europe, making it an attractive destination for real estate investment.
- Social Rights and Education
Investors and their families have the opportunity to benefit from social advantages and educational rights provided by permanent residency in Greece.
- Return on Investment
Investors can generate a return on their investment by renting out the property they have purchased, offering the opportunity to increase their capital.
Greece Golden Visa Requirements
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 the Greece Golden Visa program
According to the law, the minimum investment amount is 500,000 EUR. However, there are exceptional areas where investment can start from 250,000 EUR. In addition, additional fees apply, including processing fees, government fees, and attorney’s office fees.
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.
Renewal requirements are the same as those for obtaining residency, which is to maintain the investment.
Yes, it is allowed under Greek law to rent out the property you own and obtain a return from it.
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.
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.
Yes, Greece signed the schengen agreement. The residence permits issued by Greece are valid in all Schengen states.
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.
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.
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.
Yes, co-ownership is allowed as long as each person invests an amount starting from 500,000 EUR.
Obtaining Greece golden visa takes 3 months from the date of applying.
No, the application can be done remotely, but you have to travel to Greece to obtain the fingerprints for obtaining the residence permit.
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.
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.
There are no stay requirements in order to renew a Golden Visa Residence Permit.
Yes, Greece allows you to have more than one nationality in addition to its own.