The Greek Residence Permit Program, commonly known as the Greece Golden Visa Program, is an immigration by investment initiative by the Greek Government for non-European Union individuals seeking residency, with a minimum investment of 400,000 to 800,000 Euros. Launched in 2013, the program offers a five-year residence permit to investors, which can be renewed indefinitely as long as the investment is maintained.
EUR 800,000 for specific regions, including Attica, Thessaloniki, Mykonos, Santorini and Greek islands.
EUR 400,000 for all other regions in Greece.
3-6 months
Spouse, unmarried children under 21 years, and parents (both maternal and paternal)
Greece, officially known as the Hellenic Republic, is a Southeastern European country recognized for its profound influence on the historical and cultural development of Western civilization. Its rich legacy permeates modern-day Greece, seen through enduring traditions, evocative mythology, dynamic arts scene, and delectable Mediterranean cuisine. In this diverse country, the past intertwines with the present, creating an intriguing tapestry of history and modernity.
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The Greece Golden Visa Program allows non-EU citizens to obtain Greek residency by investing in real estate or other assets in Greece. The permit allows visa-free travel within the Schengen area and the possibility for family members to also obtain a residence permit. Widely recognized as one of the most affordable and straightforward Golden Visa programs in Europe, it offers an attractive avenue for investors to gain access to the European market and lifestyle.
Right to travel freely without a visa in the Schengen area countries
Relatively lower investment thresholds in comparison to other programs
Simple and straightforward application process
Ability to live, work and
study in Greece
Eligible for a Greek citizenship after 7 years of residence, subject to passing language requirements
Obtain Permanent Residence in just 3-6 months, subject to renewal every 5 years
The visa gives you and your family the right to live in Greece, which is part of the European Union (EU) and the Schengen area.
It allows visa-free travel within the Schengen zone, which comprises 27 European countries.
You can acquire the Golden Visa with a minimum real estate investment of €400,000, which is one of the lowest thresholds in Europe.
A group of investors can purchase one property, each paying the minimum investment amount to co-own the property.
You are allowed to rent out the property you bought as part of the investment, providing an opportunity for rental income.
The visa program covers your whole family including your spouse, children up to 21 years (extendable till 24), and parents (both maternal & paternal).
Holders of the Greek Golden Visa are not required to live in Greece. You can maintain your residence permit by visiting Greece once a year.
Your children have access to Greek schools, and the whole family can benefit from the same healthcare rights as Greek citizens.
After maintaining the investment for five years, you and your family can apply for permanent residency in Greece.
After living in Greece for seven years, Golden Visa holders can apply for citizenship, subject to other requirements.
Real Estate Investment
Invest in Greece by entering into a 10-year lease agreement or time-sharing arrangement for hotel accommodations or furnished tourist residences. The required investment amount varies by location, with options starting at EUR 400,000 and reaching up to EUR 800,000 depending on the specific area.
Capital Transfer to a Greek Bank Account
Secure your residency through a fixed-term deposit of at least EUR 500,000 with a Greek bank. Alternatively, invest a minimum of EUR 500,000 in a public limited real estate investment company focusing exclusively on Greek properties, or contribute to a closed-end investment company or mutual fund. You can also opt to support the capital increase of a Greek-based company or invest in bonds traded on regulated Greek markets or multilateral trading platforms.
Investment in Greek Company Shares or Bonds
Another pathway involves purchasing Greek government bonds worth at least EUR 500,000, provided they have a remaining maturity of at least three years. This investment must be made through a Greek financial institution.
Additional Fees: In addition to the investment, applicants are required to pay government fees, due diligence fees, and legal fees associated with the application process. Please speak with our consultant for more details.
Do you have any queries? Find answers to the most commonly asked questions regarding the citizenship or residency program offered by this country.
The Greek Golden Visa Program is set to undergo substantial changes, with the minimum investment requirement increasing from €250,000 to €800,000. Investors can still take advantage of the current rate by making a 10% deposit by August 31, 2024. This offers a limited opportunity to secure a visa under the existing, more favorable investment terms.
Yes, Indian citizens can apply for the Greece Golden Visa program. The program is open to non-EU nationals, including Indians, who are willing to make the requisite investment.
Greece doesn’t offer direct citizenship by investment. However, the Golden Visa program can put you on a path to citizenship. After seven years of continuous legal residency, you can apply for Greek citizenship.
To get a Greek residence permit through investment, you must first make an eligible investment, such as buying real estate worth at least EUR 250,000. In the case of jointly owned property, each owner must invest at least EUR 250,000 to secure a residence permit. An exception is made for married couples.
