Overview
━ Type: Greece Golden Visa Program
━ Minimum Investment: EUR 250,000
━ Processing Time: 4–12 months
━ Total Duration: Permanent residence permit, renewable every 5 years, with a pathway to citizenship after 7 years of continuous residence
Benefits
━ After 7 years of residence, applicants may apply for Greek citizenship
━ Visa-free travel throughout the Schengen Area
━ There is no requirement to live in Greece to maintain the residence permit
━ The applicant’s spouse, children under 21, and parents of the main applicant and spouse can be included in the application
━ Investors can rent out their investment property and generate passive income
━ Ability to hold shares and receive dividends from Greek companies (but not to be employed in Greece)
Main Requirements
━ Must be aged 18 or over
━ There is no obligation to reside in Greece to maintain the residence permit
━ Have sufficient funds for investment
━ Must travel to Greece to supply biometrics
━ No interview or language requirements
Investment Options
Main Option: Real Estate Investments
The investor can make one of the following investments in real estate:
━ EUR 250,000 investment into conversion of commercial properties into residential use or restoration of listed buildings
━ EUR 400,000 purchase of a single property of at least 120 sqm
━ EUR 800,000 purchase of property in Athens, Thessaloniki, or islands with more than 3,100 inhabitants
Other Options
Other non-real estate investment options that are available under the program include:
━ Lease or Time-Sharing Agreement: 10-year lease for hotel accommodation or furnished tourist residences (EUR 400,000 to EUR 800,000 depending on location)
━ Bank Deposit: EUR 500,000 deposit in a Greek credit institution.
━ Capital Contributions: Either EUR 500,000 in a public limited real estate investment company or an alternative investment fund investing in Greece. Also available is investing EUR 500,000 in government bonds with a minimum three-year maturity
━ Financial Investments: EUR 800,000 in shares, corporate bonds, or Greek government bonds traded on regulated Greek markets. Also available is investing EUR 350,000 in mutual funds investing in Greek shares, corporate bonds, or government bonds
The Application Process
- Select your investment option
- Make investment
- Make a residence permit application
- Visit the country to provide biometrics
- Approval of application
- Issuance of residence permit document
