The Greece Golden Visa Program – also known as the Greece Investment Visa – is a perfect option for those who seek to obtain EU residency and access the world at large, as the program provides incredible advantages, from access to a thriving real estate market and high returns on investment to visa-free travel within the Schengen Area and incredible tax benefits.

Whether you’re a non-EU/EEA expat seeking to obtain Greek residency and live in a country with excellent healthcare and education benefits, a savvy foreign investor aiming to expand and diversify your investment portfolio, or a retiree looking for a beautiful holiday home to spend your golden years in bliss and tranquility, the Greek Golden Visa scheme caters to all demographics. It enables you to relish a relaxing and profitable lifestyle full of delicious cuisine, fantastic weather, high returns on investment, and a surplus of family benefits.

This article serves as a comprehensive guide, highlighting the benefits of the Greek Golden Visa and the essential criteria for eligibility. Obtaining Greek citizenship through investment is not possible directly. However, you can become a resident of Greece by investing a minimum of €500,000 in real estate. Once you obtain the Greece residence permit, you can apply for citizenship after at least seven years.

Some of the Golden Visa Greece highlights include: 

  • Affordable investment options to choose from, including real estate 
  • Minimum investment requirements starting from €500,000 
  • No minimum stay requirements 
  • Family members included in the application (including spouse and dependent children) 
  • A pathway to become a Greek citizen after seven years of residency 
  • Visa-free access to the Schengen Area 
  • Live in a safe European country with affordable living costs and a high quality of life 

What is the Greece Golden Visa program?

Greece Golden Visa Mutual fund corporate bonds alternative investment frequently asked questions strategic investments real estate investment company bank deposit Greek real estate biometric data required documents non-residents Mykonos Santorini joint ownership hotel accommodation closed-end mutual fund hotel accommodations five years application process tax resident tax residency per year real estate options free movement term deposit closed-end investment company real estate experts investment program further details immovable property 183 days Greek residency direct relatives investment in Greece healthcare and education Greek government bonds hold shares minimum stay alternative investment fund established Greek permanent residency European countries credit institution established minimum purchase value Greek tax residents mutual fund incorporated numerous countries electronic residence permit minimum purchase member state integrated tourist resorts minimum amount enjoy visa-free travel obtain citizenship UK citizens apply certain high demand regions separate document multiple properties Greek residents high demand regions income derived minimum duration minimum thresholds country other regions residency in Greece ascending line Portugal offers Power of attorney lease agreement criminal record real estate investment companies Greece golden investment funds buying shares one year real estate acquisition residency status residency application alternative investment fund property in Greece public healthcare real estate purchase Athens Thessaloniki regulated markets credit institution capital transfer furnished tourist residences tourist accommodation complexes property purchase Greece shares citizenship in Greece minimum stay requirement tourist residences at least one year clean criminal reside in GreeceIntroduced by the Greek government in 2014 to boost the Greek economy, the Greece Golden Visa program is a residency-by-investment scheme that enables non-EU/EEA nationals and their family members to acquire permanent residence permits in Greece. It is one of the most successful investment programs in Europe.

To qualify for the Greek Golden Visa program, applicants must first have a clean criminal history and place an investment in Greece with a current minimum value of €500,000 – if placed in real estate.

The Greece Golden Visa €500,000 qualifying real estate investment applies to purchases in northern and central provinces, the South Athens Attica region, and the municipalities of Thessaloniki, Mykonos, and Santorini. 

A Greece Golden Visa holder can become a Greek citizen by naturalization after seven years of continuous residence in Greece with at least 183 days of physical residency for each of the seven years. Greece’s naturalization process also requires applicants to demonstrate fluency in the Greek language. The Greece Golden Visa 2024 is ideal for those who want to obtain European citizenship as its benefit of providing permanent residency allows applicants to maintain residence long enough to be naturalized. 

Golden Visa Greece March 2024 Update

After considering various proposals, the government has decided to establish different investment tiers based on geographic zones and impose certain lease restrictions. These changes aim to make the program more beneficial and accessible for interested investors.

The newly established criteria, announced by the Ministry of Finance in March 2024 and pending parliamentary approval, delineate two distinct investment zones for the Greece Golden Visa, with varying thresholds:

€800,000 for regions including the entire Administrative Region of Attica, Thessaloniki, Mykonos, Santorini, and islands with populations exceeding 3,100, and €400,000 for the rest of Greece. These investments are restricted to single properties with a minimum of 120m².

Two notable exceptions to these thresholds have also been introduced. Firstly, the minimum investment is set at €250,000 for commercial properties converted to residential use, applicable irrespective of the property’s location or size, with the conversion needing to be completed before applying for the visa.

Secondly, a similar €250,000 threshold applies to the restoration of listed buildings, with renovations required to be finalized within five years of residency to renew the visa.

Additional regulations prevent golden visa properties from being used for short-term rentals like AirBnB or as registered company headquarters. Violations of these rules will lead to the revocation of the residence permit and a fine of €50,000.

The changes are effective from the end of March 2024, with a transitional phase allowing applicants to qualify under existing thresholds if they pay a 10% deposit by September 30th and the full investment by the end of 2024.

Late last year, the Greek government made several changes to the Golden Visa rules for non-real estate investment, coming into effect on March 31st, 2024.

The Benefits of the Greek Golden Visa Program

The Greece Golden Visa is arguably one of the most competitive Golden Visa schemes in the entire European Union, and its many advantages make it quite alluring for investors and their families. While you should consider both the Golden Visa Greece’s benefits and drawbacks, some of the main benefits of acquiring this visa are undeniable, including the eligibility of your immediate family, access to an excellent education system, and visa-free travel across Europe’s Schengen zone.

Visa-free travel to the entire Schengen Area Visa-free travel to the entire Schengen Area
Thriving real estate market Thriving real estate market
Zero stay requirements Zero stay requirements
Citizenship by naturalization after seven years Citizenship by naturalization after seven years

Other benefits of the Greek Golden Visa are as follows:

  • Inclusion of immediate family members: Residency extends to the entire family, which includes children under the age of 21 and dependent parents of both the applicant and their spouse.
  • Access to excellent healthcare: Permanent residence visa holders can access Greece’s highly-rated healthcare system (if they meet the eligibility criteria to apply for it) and benefit from free and equitable services, as well as incredible medical insurance spread across the public and private sectors.
  • Access to an excellent education system: Children of applicants can benefit from Greece’s well-respected education system, which is available to all residents and citizens.
  • Visa-free travel in Europe’s Schengen Area: As part of the European Union and a member state of the Schengen Area, Greek residence permit holders can travel without hassle within the EU and the Schengen Area.
  • Tax deductions and benefits through the non-dom regime for investors: Greece Golden Visa’s tax implications can be reduced through the Greece Non-Dom tax regime. It is a unique scheme allowing foreign nationals who transfer their tax residence to Greece to avoid paying tax on foreign income by paying a lump-sum annual tax.
  • High returns on investment: Greece Golden Visa holders have the option to rent out their purchased investment property or hold shares in a company registered in Greece and receive dividend income. This means they can continue to have positive cash flow while maintaining their investments.

Greek Golden Visa Eligibility Criteria

To qualify for the program, you must fulfill the following Golden Visa requirements for Greece:

  • Be over the age of 18 at the time of application
  • Have no criminal record
  • Make a significant investment as stipulated by the Greek government and provide proof of the respective financial investment
  • Have a Greek private health insurance which shall cover all health and safety risks

Documents Required for the Greek Golden Visa Program

The Greek Golden Visa legal requirements include several documents that must be submitted for an investor to be considered for a permanent residence permit. These documents must first be certified with an apostille stamp or by the nearest Greek Embassy or consulate and must be translated into Greek before submission. Certified translations can be provided by either the Translation Service of the Ministry of Foreign Affairs or a member attorney of the Greek Bar Association.

The current required documents for the Greece Golden Visa application are:

  • Two copies of the application form
  • Four recent, colored passport pictures following the Schengen Visa photo requirements
  • A certified copy of all the pages of the valid passport
  • Certified proof of an active Schengen Visa (if applicable) for applicants and their family members
  • Certified evidence of active Greek health insurance for all applicants and their family members
  • Certified proof of payment of processing fees and relevant government fees
  • Proof of sufficient funds in bank accounts
  • Notarized real estate purchasing agreement or documents related to the investment that can be used as proof of completion of the investment

Applicants may be requested to provide other documents, such as a marriage certificate and birth certificates, pertaining to their affiliated family members or investments on the application.

Investment Requirements for the Greek Golden Visa Program

The Greece Golden Visa investment requirements for real estate is €500,000 if the investment is made in northern and central provinces, the South Athens Attica region, and the municipalities of Thessaloniki, Mykonos, and Santorini. Several alternative investment options for the Golden Visa in Greece include government bonds, venture capital fund shares, and investing in shares of real estate investment companies.

Real estate investment options

  • Purchase a property in Greece worth at least €500,000. Qualifying Golden Visa real estate property in northern and central provinces, the South Athens Attica region, and the municipalities of Thessaloniki, Mykonos, and Santorini require a minimum investment of €500,000. This might soon change to €800,000.
  • Enter a ten-year lease agreement amounting to the same value as a purchase either for hotel accommodation or furnished tourist residences in program-integrated tourist resorts.
  • Enter a ten-year time-share agreement amounting to the same value as a purchase for hotel accommodation.

Below is a map of the eligible real estate investments in the Greek region of Attica.

A map of the real estate investment options in the region of Attica, Greece.

Alternative investment options for the Greek Golden Visa

Capital contribution

  • An investment of at least €400,000 in a company registered or operating in Greece (excluding portfolio and real estate investment firms). This investment can be used to acquire shares during a capital increase or bonds listed on regulated markets or multilateral trading platforms in Greece.
  • An investment of at least €400,000 in a real estate investment company focused exclusively on Greece, allocated for acquiring shares in a share capital increase.
  • Invest a minimum amount of €400,000 in a closed-end investment company or a closed-end mutual fund under the condition that these alternative investment entities exclusively intend to invest in companies based or established in Greece.

Share, corporate bonds, or government bonds

  • Acquisition of shares or corporate bonds through a minimum investment threshold of €800,000, which are either listed for trading or actively traded on regulated markets or multilateral trading platforms operating in Greece
  • Acquisition of Greek government bonds through a minimum investment threshold of €500,0000 and a remaining maturity of no less than three years at the time of purchase, facilitated through a domestic credit institution established in Greece, which will also serve as the custodian for these bonds
  • Acquisition of €350,000 in units from a mutual fund incorporated in Greece or another country, with the explicit purpose of exclusively investing in shares, corporate bonds, and/or Greek government bonds that are either listed for trading or actively traded on regulated markets or multilateral trading platforms operating in Greece.
  • Acquisition of units or shares with a minimum purchase value of €350,000 from an alternative investment fund established in Greece or another EU country, dedicated exclusively to investments in immovable property within Greece.

Capital transfer

  • A fixed-term deposit of at least €500,000, held in a Greek bank account or other national credit institution, maintained for a minimum of one year with an automatic renewal arrangement in place

Conditions

Certain conditions that must be met in order for an investor to proceed with the purchase of a property, namely:

  • That they are the sole and rightful owner of 100 percent of the company’s shares if they purchased the property through a legal entity
  • That they own the property

Concerning property investment for the Greek Golden Visa, if investors choose to sign a lease for hospitality accommodation, the contract must cover a minimum period of ten years and a rental sum of €250,000. It must be paid in a single payment of rent for the equivalent of the ten-year leasing of the property. Once these conditions are fulfilled, investors can maintain their permanent residency by retaining their investment and renewing their investment residence permits for the Golden Visa program every five years. For Athens, Thessaloniki, Mykonos, and Santorini, the total contractual rent of the hotel accommodation or tourist residence rentals is determined at €500,000 and be paid in full before submitting the request for the grant of a permanent investor residence permit.

How To Get The Golden Visa Greece: Step-By-Step

The steps to qualifying for the Greece Golden Visa are few and simple. All applicants must make a substantial investment in the country, whether in real estate, Greek government bonds, or other capital funds. Regardless of their choice, the process will look the same for everyone; here are the steps:

1. Get a Greek Tax Identification Number

2. Open a bank account in Greece

3. Gather all documentation

4. Make the investment 

5. Request the Greek Golden Visa 

6. Receive your Greek Golden Visa

1. Obtain a Greek Tax Identification Number

First, the applicant needs to obtain a Greek tax identification number (Arithmos Forologikou Mitroou), also known as AFM.

This process can be managed remotely without needing to visit Greece, in case you have a representative to take care of it on your behalf or through the Consulate.

2. Open a bank account in Greece

After obtaining the AFM, a bank account in Greece can be opened. This can also be done remotely.

It will be through this account that all movement for the payment of your investment must be made to apply for the Golden Visa.

Opening a bank account in Greece is not mandatory for Real Estate investments.

3. Gather all documentation for the main applicant and dependents

You’ll need to collect the correct documentation for yourself and any dependents you’ll include on the application.

4. Make the Greek Golden Visa investment

After completing the process of opening your bank account in Greece, you can begin the process of investing.

5. Request the Greek Golden Visa

Once you have completed the investment, the application process for the Golden Visa for the main applicant and dependents can be made.

Please note that applicants don’t need a visa to enter Greece if they choose to invest in real estate. In that case, the residency permit can be requested directly in Greece. For all other investment types, the applicant will need a special visa (D Category) to enter the country.

After the submission of your residence application, you will need to visit Greece in order to submit your biometrics (photograph and fingerprints) to the relevant authorities.

6. Receive your Greek Golden Visa

After applying for the temporary Greek residence permit and collecting your biometrics, you will receive the approval of the Golden Visa application and get your Golden Visa Residence Card/s (initially, you will receive a blue certificate, which is a temporary residence card until the final issuance of the Golden Visa card). The residence permit will be valid for five years.

Golden Visa Greece: Application Processing Timeline

Greek-Golden-Visa-Timeline

Greece Golden Visa Program Fees

There are extra fees to consider on top of your investment sum, including legal fees, translation fees, tax fees, and other administrative costs. If you choose the real estate property investment route, you can expect to pay around 11 to 12 percent of the investment property value.

Some estimated costs to consider for real estate property investments: 

  • Property transfer tax: About 3.09 percent of the property’s value
  • Notary public fees: About 1 to 1.5 percent of the property’s value
  • Land registry fee: About 0.6 to 0.8 percent of the property’s value
  • Payment to the Greek government: About €2,000 for the main investor and €166 for dependents
  • Greek healthcare insurance: About €200 per applicant
  • Appointed lawyer fees: Depending on the lawyer and the services provided

Note that these are not fixed prices; they are estimated fees.

Greek Taxes and Deductions for Golden Visa Holders

Greece Athens greece golden visa mutual fund power of attorney income tax digital nomads schengen country Power of attorney lease agreement criminal record real estate investment companies Greece golden investment funds buying shares one year real estate acquisition residency status residency application alternative investment fund property in Greece public healthcare real estate purchase Athens Thessaloniki regulated markets credit institution capital transfer furnished tourist residences tourist accommodation complexes property purchase Greece shares citizenship in Greece minimum stay requirement tourist residences at least one year clean criminal greece golden visa reside in Greece minimum investment greek government bonds investment programsIn December 2019, Greece introduced a new non-domicile tax regime, one of the best tax incentive programs available, which enables foreign nationals who relocate their tax residence to Greece to exempt foreign income from taxation by paying a fixed annual tax of €100,000.

This regime is available for taxpayers who were not Greek tax residents for the previous seven of the eight years prior to the transfer of their tax residence to Greece and who invested at least € 500,000 in real estate, businesses, or transferable securities or shares in legal entities based in Greece, either themselves or their relatives (i.e. spouses and those in the ascending or descending line), or through a legal entity in which they hold the majority of the shares.

A distinct feature of the non-dom regime is that the tax exemption is extendable to relatives of the non-dom resident, provided they pay an additional annual fee of €20,000 per resident. Additionally, Greece has a double taxation treaty with 57 countries, allowing many Golden Visa holders to avoid double tax.

The country has also provided various incentivized programs for foreigners living in Greece as tax residents. Retirees, digital nomads, and other expats may be exempt from specific taxes or pay a reduced rate. However, investors will be required to pay a certain percentage of tax on income they receive within Greece. Real estate property owners must pay any tax accrued from their acquisition, including property tax and rental income tax.

Countries that have a double taxation treaty with Greece:

Albania

Armenia

Austria

Azerbaijan

Belgium

Bosnia and Herzegovina

Bulgaria

Canada

China

Croatia

Cyprus

Czech Republic

Denmark

Egypt

Estonia

Finland

France

Georgia

Germany

Hungary

Iceland

India

Ireland

Israel

Italy

South Korea

Kuwait

Latvia

Lithuania

Luxembourg

Morocco

Mexico

Malta

Moldova

Netherlands

Norway

Poland

Portugal

Qatar

Romania

Russia

Saudi Arabia

San Marino

Serbia

Slovakia

Slovenia

South Africa

Sweden

Spain

Switzerland

Turkey

Tunisia

Ukraine

United Arab Emirates

United Kingdom

United States

Uzbekistan

Although these tax benefits for part-time residents are alluring, the longer investors spend in the country, the more eligible they become to apply for citizenship by naturalization and acquire Greece’s golden passport. By obtaining permanent residency and establishing continuous domicile in Greece, Golden Visa holders and investors become tax residents and are thus obligated to comply with Greece’s taxation laws.

Income taxation applies to all tax residents in Greece, including Golden Visa holders who have established indefinite residency in the country. This includes taxation on foreign income, such as investments, pensions, and other types of income generated overseas. However, there is a flat seven percent tax rate for the first ten years on all foreign income brought into Greece. Additionally, as previously stated, foreign investors can choose the non-dom tax status, which grants them the option to pay a fixed lump-sum tax fee instead of being subject to the standard tax rates on foreign income.

Aside from property taxation, Greece also has gift and inheritance taxes that residents are subject to based on kinship:  

  • Category A: For spouses, parents, children, and grandchildren;
  • Category B: For siblings, grandparents, great-grandparents, and great-grandchildren;
  • Category C: For all other relatives.

To be sure of which tax laws apply to you, it would be advisable to seek consultation from an international migration agency or a local tax lawyer.

Greece Golden Visa Renewal Process

Permanent residence permits obtained through the Greek Golden Visa have a five-year validity period and require renewal every five years while retaining the investment to maintain permanent residency. To renew your Greek residence permit, you must submit specific documents and meet set conditions.

The documents needed to renew Greek Golden Visa residence permits are primarily:

  • An application form
  • Four recent colored passport photos
  • A certified copy of all pages of a valid passport
  • A certified copy of your previous permanent residence permit
  • Certified proof of active Greek health insurance

Relevant authorities may request additional documents for Greece residence permit holders.

The conditions you will need to meet in order to renew your Greek Golden Visa residence permit are:

  • You remain the full owner of the purchased real estate property, or you maintain your investment
  • You’ve ensured all relevant leases and contracts are still valid and abide by government requirements

Greece Golden Visa Statistics

The Golden Visa in Greece is one of Europe’s most competitive Golden Visas, seeing incremental growth over the years due to its many alluring benefits. In 2022, 28,767 Golden Visas were granted to investors and their families. This resulted in an economic boom in Greece, providing the nation with over €2.6 billion worth of income from foreign investment.

Greece Golden Visa StatisticsAmong the numerous nationalities participating in Greece’s Golden Visa program, the country witnessed the most engagement from:

  • China: 6,405 applicants
  • Turkey: 618 applicants
  • Russia: 596 applicants
  • Lebanon: 304 applicants
  • Egypt: 250 applicants
  • Iran: 194 applicants
  • Iraq: 135 applicants
  • Ukraine: 112 applicants
  • USA: 103 applicants
  • Jordan: 86 applicant

Can I buy Greek citizenship?

You cannot buy Greek citizenship, and the Golden Visa Greece citizenship pathway requires the standard period of naturalization. While Greece immigration by investment does not lead to citizenship directly, citizenship by naturalization is possible after living in Greece for seven years. Additionally, to obtain Greek citizenship, you must have spent a minimum of 183 per year in the country and be a registered tax resident during those seven years, pass a Greek citizenship and Greek language test, and show a genuine connection to the nation. Provided you fulfill these criteria, you become eligible for a Greek passport.

Why choose Global Citizen Solutions for your Golden Visa Application?

  • Global approach by local experts: A team of experienced local case executives, immigration lawyers, and investment specialists.
  • Independent service: We are not a marketing agency for any projects. You will access all eligible routes for the Golden Visa so you can decide on the best option, and your investment will benefit from the legal due diligence services of a reputable Law Firm.
  • 100% approval rate: We have the unique distinction of never having had a Golden Visa case rejected and have helped hundreds of clients from more than 35 countries.
  • All-encompassing solution: Our dedicated onboarding and immigration teams will assist you throughout the process and beyond with a single channel of communication.
  • Transparency: Our fees are clear and detailed, covering the entire process with no hidden costs.
  • Privacy: Your personal data is stored within a GDPR-compliant database on a secure SSL-encrypted server.

Frequently Asked Questions about the Greece Golden Visa

What is the Golden Visa scheme in Greece?

The Golden Visa in Greece is a European residency by investment scheme whereby non-EU/EEA citizens are granted legal  residence in return for a qualifying investment in the nation. The investment usually comes in the form of real estate, shares of a Greek company, or an investment in public debt.

What are the benefits of applying to the investment program?

Key benefits include the chance to live in Greece indefinitely through a residence permit eligible for renewal every five years. The program provides:

  • Visa-free access to the European Union.
  • Relocation of your entire family to Greece.
  • Owning real estate property with the opportunity to rent it out and gain back returns.

The country also has numerous double tax treaties, and Golden Visa holders have the option to acquire non-dom status, allowing them to avoid Greece’s progressive tax rates by paying an annual lump-sum tax.

Are there any restrictions in place for purchasing real estate in Greece?

At present, there are no restrictions in place for purchasing real estate. Unlike some Golden Visa countries, Golden Visa Greece property hotspots and all types of properties are available to foreigners in all regions of Greece. Investing in Greek property for residency requires a qualifying real estate investment of €500,000.  

The minimum investment sum is €500,000 for real estate investments in northern and central provinces, the South Athens Attica region, and the municipalities of Thessaloniki, Mykonos, and Santorini. However, this might soon change to €800,000.

The Greek Golden Visa real estate options include an outright purchase or a ten-year lease of hospitality accommodation. 

How long does it take to get my Golden Visa?

The average processing time for a Greece Golden Visa is three to five months. Once your application has been approved, it usually takes about 2 months to receive your residence permit.

Do I have to go to Greece for my application?

You don’t need to visit Greece before or during the Greek Golden Visa application process. However, you will need to go to Greece to submit your biometric data once your visa has been approved in order to receive your residence card permit.

What family members can I include when applying for a Golden Visa?

Third-country nationals seeking family eligibility for the Greece Golden Visa applications can include their spouse, unmarried dependent children under age 21, unmarried dependent children of the spouse under age 21, and the primary applicant/spouse’s parents and grandparents. Essentially, the visa program extends to the entire family. 

Can I work in Greece with a Golden Visa?

The Greece Golden Visa does not include automatic work rights. Golden Visa holders must obtain a separate work permit to be eligible for employment in Greece.

Is Greek citizenship possible?

Obtaining Greek citizenship is only possible through naturalization. This requires that applicants maintain continuous residence in Greece for at least seven years with 183 days of physical residency every year. Applicants must also pass a Greek language proficiency test to fluency level.

The Greece Golden Visa allows one to reside in the country for the necessary duration to become eligible for naturalization.

What other Golden Visa programs exist?

There are several Golden Visas across Europe. The Greek program has notable similarities to the Portugal Golden Visa, a residency by investment scheme allowing foreign investors to gain residency in Portugal.  

You can get more information in our Greece versus Portugal Golden Visa comparison article; although, be advised that the Portugal Golden Visa is currently being revised, and the updated legislation is expected to take effect soon.  

Can I retire in Greece after Brexit?

Following Brexit, British expats now follow non-EU/EEA procedures to apply for Golden Visas. However, British passport holders can stay in Greece for up to three months without requiring a visa. Before their travel permit expires, they must apply for legal residency.

Is it necessary to hire a lawyer to collect all documents?

It is recommended to hire a lawyer to ensure that you have all the necessary documents per Greek immigration law and the requirements set by the relative Greek authorities.

Can a non-EU investor travel to other countries within the EU with the Greek permit granted to real estate owners?

The permanent residence permit granted to non-EU citizens who qualified for the Greece Golden Visa program through real estate investment provides visa-free access to European countries in the EU and within Europe’s Schengen zone. 

Can the investor buy commercial property? Or a combination of commercial and residential properties or land?

The law in Greece states that at least €500,000 must be the stated price on the purchase contract; it does not distinguish between commercial and residential properties except for through the lease route.  

Purchases in northern and central provinces, the South Athens Attica region, and the municipalities of Thessaloniki, Mykonos, and Santorini have a minimum investment amount of €500,000. It’s only allowed to invest through the purchase of one property in these areas. It can be either commercial or residential properties, but it is not possible to combine both. 

Can Americans apply for a Golden Visa in Greece?

Citizens of the United States are among those eligible to apply for Golden Visas in Greece. Many Americans living in Greece have already benefitted from this immigration investment scheme.  

Are there any restrictions on selling the property purchased for a Golden Visa?

Buyers who purchase property through Greek Golden Visa real estate agents are free to recoup their investment at any time. However, a property purchased to obtain a Golden Visa in Greece must be held for the duration of the visa’s validity to maintain a Greek residency permit.  

Golden Visa holders who choose to sell their qualifying real estate investment may be able to maintain their Golden Visas if the property was sold to purchase a new property of equal value. However, oversight from a lawyer and other measures may be imposed in this circumstance. 

How can you get Greek citizenship by investment?

Citizenship by investment is not a division of the Greek Golden Visa program. You can only acquire permanent residency in Greece through private or commercial property investment or engaging in the country’s economy with a substantial contribution.

You cannot directly pursue Greece citizenship by investment; however, you may apply for citizenship by naturalization after seven years of lawfully residing in Greece and fulfilling residency and Greek language requirements.

How much do I need to invest in Greece to receive a Golden Visa?

To make a qualifying investment for the Greece Golden Visa, you’ll need to purchase real estate property for a minimum of €250,000 (or €500,000 in specific areas), or invest a minimum of €500,000 in government bonds or capital shares. 

Can you get a mortgage for a Golden Visa?

You can get a mortgage to buy a property through the Greece immigration investment program, provided the mortgage does not cover the required minimum investment amount. Golden Visa applicants must finance the qualifying investment entirely from overseas funds.

Are unmarried partners entitled to Golden Visas in Greece?

Greece Golden Visas for family members does not extend to unmarried partners or cohabiting couples, except if they enter into a cohabitation agreement in Greece or their origin country, depending on their nationality. This option needs to be analyzed case by case.

 

Is it possible to rent the real estate property to third parties?

Third-country nationals who have obtained Greek Golden Visas by purchasing real estate are legally permitted to rent out their property to third parties while maintaining their visa status.

Who is eligible for Greek Golden Visa?

To qualify for the Greek Golden Visa, you must:

  • Be over the age of 18 at the time of application
  • Have no criminal record
  • Make a significant investment as stipulated by the Greek government and provide proof of the respective financial investment
  • Have a Greek private health insurance which shall cover all health and safety risks

How does the Greek Golden Visa cost?

The estimated fee for the Greek Golden Visa, based on €250,000 property investment is €15,832 for the for main applicant and spouse.

Is Greek Golden Visa worth it?

Considered one of the most successful investment programs in Europe, the Greece Golden Visa offers applicants an array of advantages. Some of the program’s key benefits include the opportunity to make profitable investments in Greece, EU residency, visa-free travel in Europe, and a pathway to Greek citizenship.

What are the disadvantages of Greece Golden Visa?

One of the biggest drawbacks of the Greek Golden Visa program is the cost. The visa has minimum investment requirements, which can be substantial for some people.

Can I live anywhere in Europe with a Greek Golden Visa?

The residency permit granted through the Golden Visa allows you to legally reside in Greece. It also allows for visa-free travel in Europe’s Schengen Zone.

The visa is an indirect route for Greek citizenship and passport, which allows holders to legally live anywhere in the European Union.

Do I need to move my tax to Greece?

If you obtain a Greek Golden Visa, you are not required to change your tax residency to Greece as there is no minimum-stay requirement. This means that you are not obligated to pay taxes in Greece unless you reside in the country for more than 183 days per year.

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