Minimum investment of €400,000, increasing to €800,000 in high-demand regions
Residency Requirement:
None
Language Requirement:
None
Project Overview
The Golden Visa is a Greek residence permit offered through a residence-by-investment program. It is designed for non-EU citizens who purchase real estate in Greece, providing a straightforward path to European residency.
This program offers numerous benefits, including visa-free travel across the Schengen area, access to Greece’s healthcare and education systems, and the opportunity to live in one of Europe’s most beautiful and culturally rich countries. Family members can also be included under the same residency permit.
While there is no requirement to become a Greek tax resident, the Golden Visa can pave the way to citizenship after seven years of residence and tax compliance.
To qualify, an investment in Greek real estate valued at €400,000 or more is required.
Transitional Deadlines:
By August 31, 2024, at least 10% of the property price must be deposited into the developer’s account and the agreement certified.
By December 31, 2024, the property transfer must be completed to secure eligibility under the current policy.
Under the new policy, the required investment amount will increase to €400,000–€800,000, depending on location and property type.
Project Advantages
The residency permit is valid for five years and can be renewed for long-term security
Visa-free travel throughout the entire Schengen area
The program provides access to Greece’s public services, including healthcare and education
Can apply for the same permit for spouse or partner, minor children, financially dependent adult children, and even dependent parents
To keep permit valid, applicants only need to visit Greece once a year, and an extended stay is not required
Citizenship becomes available after seven years
Eligibility Requirements
Valid Passport
Police Clearance from the country of origin or current residence
Proof of Funds
Health Insurance Coverage in Greece for the applicant and all dependents
Proof of Investment
Real Estate Investments
Proof of property transfer issued by the Greek Land Registry
Certificate confirming the transaction was completed without any legal impediments
For Company Investments
Documentation detailing the company receiving the investment, specifying whether it is new or existing
Information including company name, type of entity, shareholder details, and percentage shareholdings
A document outlining the nature and specifics of the capitalization
A detailed project budget and financing structure
Official confirmation of the company or project location
A timeline for capital deployment
For Touristic Rentals
Timeshare or rental contract valid for a minimum of five years, indicating the annual price and a total rental value of €250,000
Certificate from the National Tourism Organisation (EOT) confirming notification of the timeshare contract
Proof of transfer registration issued by the Greek Land Registry
Application Process
Select the property for investment
Finalize the property transaction
Prepare needed documentation
Required documents include proof of investment, a valid passport, and health insurance
Appoint legal representation to oversee the process and ensure the property has undergone comprehensive legal due diligence
Submit application
Upon approval, the residency permit is issued
Path to permanent residency and citizenship
After five years of residency, applicant can apply for permanent residency and after seven years of residence and tax compliance, eligibility for Greek citizenship and a passport may be possible
