Located on the Balkan Peninsula, Greece is often described as the ‘birthplace of democracy’.
From its ancient philosophers, the invention of the Olympic Games and awe-inspiring temples, the country boasts a rich history and culture. Greece is also home to picturesque scenery across its 2,000 islands, making it one of the most popular tourist destinations globally.
Greece was also the 10th member to join the European Union (EU) and was one of the founding members of the United Nations.
Since its launch in 2013, the Greek Golden Visa has become one of the most highly prized in Europe.
The Greek Golden Visa is a residency by investment programme aimed at non-EU citizens. The programme grants a five-year residence permit in exchange for a minimum investment of €250,000 in Greek real estate.
It is, without doubt, the most flexible and affordable of all the EU schemes allowing investors and their families residency in just 2 short months. Greek Golden Visa holders can also apply for citizenship after residing in Greece for over seven years.
Cost-effective and quick process
Path to EU citizenship after seven years
Visa-free travel in Schengen Area
No minimum stay requirements
Access to free public healthcare and education
Favourable tax benefits
A minimum real estate investment of €250,000 is required for most areas in Greece. This may consist of single or multiple properties.
There are no restrictions on the type of property. Investments may include commercial and residential properties, as well as land. The applicant must enter into a 10-year lease agreement for tourist and hotel accommodation.
From 1st August 2023, the minimum amount for the real estate option is set to rise. The minimum amount is increasing to €500,000 in certain areas and is restricted only to one property in these areas.
Invest in various types of financial investments with a minimum value of €400,000. Investment options include:
Specific requirements vary for each of these investment options.
It is possible to apply for Greek citizenship after living in the country for at least a 7-year period with 183 days of physical residency per year. To secure citizenship, applicants must also pass a Greek language proficiency test.
Greek citizenship is an EU citizenship, meaning applicants can access additional benefits. These include the ability to live, work and study anywhere in the EU. Greek passport holders are also granted visa-free travel to over 180 countries.
For those who hold Greek citizenship, their unmarried children under the age of 18 are also granted citizenship.
Processing times for the Greece Golden Visa application can vary on a case-by-case basis. On average, Golden Visas are received within two months of submitting the application.
It is possible to apply to become a Greek citizen through naturalisation. This means the applicant must maintain continuous residence in Greece for at least seven years with 183 days of physical residency per year.
Applicants are also required to pass a Greek language proficiency test.
Family members can be included in the application. The principal investor can include:
*When the children turn 21, a 3-year independent residence permit can be applied for and is issued until the age of 24. Children over 21 years old can also receive a Golden Visa provided that the value of the acquired real estate is at least an additional €250.000 for each child over 21 years old.
The Greece Golden Visa is open to all non-EU citizens who invest in Greece as per the Golden Visa Law requirements.
|Citizenship or Residency Programme?||Citizenship or Residency Programme?Residency|
|Minimum Investment Amount||Minimum Investment Amount€250,000|
|Minimum Stay Requirement||Minimum Stay RequirementN/A|
|Initial Permit Duration||Initial Permit Duration5 years|
|Time to Residence||Time to Residence1-2 months|
|Time to Citizenship||Time to Citizenship7 years|
|Family Inclusion?||Family Inclusion?Spouse, children under 21 and parents|
|Right to Work?||Right to Work?No|
|Type of Document Received||Type of Document Received?Residency permit, leading to passport|
|No. of Visa-Free Countries with Passport?||No. of Visa-Free Countries with Passport?186|