Greece Residency

The Greece Golden Visa Program offers speedy access to Europe’s Schengen Area in three to four months through affordable residency by investment. Investors can obtain permanent residency with a minimum real estate investment of EUR 250,000, with the opportunity to pursue Greek citizenship later, benefiting from high safety standards, education, healthcare, and the rule of law as EU members.

The Greece Golden Visa Program offers affordable residency by investment with visa-free access to Europe’s Schengen Area in three to four months. Situated as the cradle of democracy and Western civilization, Greece boasts a rich history and Mediterranean allure, making it a top relocation destination. Investors can obtain permanent residency by purchasing real estate, with the option to apply for Greek citizenship after several years, enjoying high safety standards, education, healthcare, and the rule of law as EU members.

Processing Time

1-2 Months after the submission of the approval application

Investment Requirement

€ 250,000 investment in real estate

Key Benefits of Cypriot Golden Visa

• Enjoy visa-free travel within Europe’s Schengen Area
• Obtain a residence permit with an unlimited expiry date
• Seize the opportunity to rent out the investment property
• Apply for a Greek passport after 7 years of permanent residency in Greece (subject to conditions) if residing in Greece for more than 183 days annually
• Hold shares and receive income from dividends of a company registered in Greece (without being employed in Greece)
• Extend residency benefits to family members (spouse, children up to 21 years old, parents of both spouses)
• Embrace the option of non-mandatory residence in Greece

Launched in 2013, the Greece Golden Visa Program offers a residence-by-investment initiative enabling non-EU citizens and their families to obtain permanent residency in Greece. Residency licenses can be renewed every five years, with a range of qualifying options available under the program.

Golden Visa Requirements

Real Estate Options

• € 250,000 investment purchase of commercial property plus applicable taxes
  OR € 500,000 investment purchase in Mykonos, Santorini, Thessaloniki, and most municipalities in Athens
• A 10 year lease arrangement for hotel accommodation or leased tourist residences in tourist lodging complexes.
• A 10-year time-sharing agreement for hotel accommodation (Law 1652/1986)

Other Options:

Capital Transfer

• Place a term deposit of at least € 400,000 to a local commercial bank for at least one year, with a renewed standing order.

Capital Contribution

• Investors aiming to acquire shares or bonds traded on regulated markets or multilateral trading mechanisms in Greece at the time of issue must contribute a minimum of € 400,000 in capital. This requirement applies to companies based or established in Greece, excluding portfolio and real estate investment firms.
• Contribute a minimum of € 400,000 to a real estate investment company (as per Article 21 of Law 2778/1999) that will exclusively finance stock purchases in a share capital expansion within Greece.
• Invest a minimum of € 400,000 in a closed-end investment company for share acquisition or in a closed-end mutual fund for share acquisition, provided that these alternative financing institutions exclusively invest in companies headquartered or established in Greece

Bonds, Shares, and/or Government Bonds

• Acquire Greek bonds valued at a minimum of € 400,000 with a remaining maturity of at least three years at the time of purchase through a Greek credit institution, which will also serve as the bonds’ custodian
• Acquire shares or corporate bonds valued at a minimum of € 800,000, which are registered or traded on regulated markets or multilateral trading systems in Greece
• Invest a minimum of € 400,000 in units of a mutual fund incorporated in Greece or another country, to invest in shares, corporate bonds, and/or Greek government bonds accepted for trading or traded on regulated markets or international trading platforms in Greece
• Hold units or shares of an alternative investment fund established in Greece or another EU country, which primarily aims to invest in real property in Greece, with a minimum purchase price of € 400,000.

If you would like to learn more about the Greece Golden Visa, please don’t hesitate to contact us at Tsavorite as we would love to connect with you.