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Greece

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Residence by Investment Greece

As an EU member state, Greece provides its citizens and residents with several comforting benefits, including high levels of security and protection, good educational possibilities, sophisticated healthcare alternatives, and a reliable rule of law.

Investment

Investment of EUR 250,000 in real estate

Processing time

Submission of the approval application takes one to two months.

Key benefit

Free Movement Rights to Greece and the Schengen Area of Europe

Prominent Benefits of the Greece Golden Visa Program

Travel in the Schengen Area of Europe without any visa.

Residence in Greece is not mandatory.

A residency that applies to the family members (married spouse, parents' children under 21 years old, of the principal applicant and spouse)

Residence permit with no expiration date limit.

Opportunity to rent out the investment property

It is possible to get a residence allowance in 30 to 60 days.

Qualification for Citizenship Application Following Seven Years of Residency

Feasibility of holding stock and receiving dividends from a Greek-registered company but not to be employed in Greece.

Citizen By Investment Greece - TEG Consultancy

Requirements of the Greece Golden Visa Program

The Greece Golden Visa Program, which was launched in 2013, is a residence-by-investment initiative. It allows non-EU citizens and their families to gain permanent residency in Greece. Every five years, the residency licenses can be revived. The qualifying options of the program are:

Real Estate Options

An investment in commercial property with a minimum value of EUR 250,000 + applicable taxes

A 10-year lease arrangement for hotel accommodation or leased tourist residences in tourist lodging complexes

A ten-year time-sharing contract for hotel lodging (Law 1652/1986)

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Other Options

Capital Contribution

  • Investors who wish to purchase shares or bonds accepted to trade on regulated markets or multilateral trading mechanisms in Greece at the time of issue must make a minimum capital contribution of EUR 400,000. This contribution applies to companies with registered offices or establishments in Greece, excluding portfolio and real estate investment companies.
  • The requirement for a minimum capital contribution is intended to ensure that the company issuing the shares or bonds has adequate financial support. By contributing EUR 400,000, investors are demonstrating their commitment to the success of the company and their belief in its potential for growth and profitability.
  • Before deciding, investors should carefully consider the risks and benefits of investing in shares or bonds. They should also seek professional advice to ensure that they fully understand the terms and conditions of the investment and the potential risks involved.
  • A capital contribution of at least EUR 400,000 to a real estate investing company (Article 21 of Law 2778/1999) that will finance entirely in Greece to buy stock in a share capital expansion.
  • A capital involvement of at least EUR 400,000 to a closed-end investment company for share acquisition or to a closed-end mutual fund for share acquisition offered that the above-mentioned alternative financing institutions are going to invest exclusively in companies with head offices or institutions in Greece.

Bonds, Shares, and/or Government Bonds

  • Purchase of Greek bonds with a minimum acquisition value of EUR 400,000 and a residual expiry of at least three years at the moment of purchase through a Greek credit institution that will also operate as the bonds’ custodian.
  • Acquisition of shares or corporate bonds with a minimum acquisition value of EUR 800,000 that are registered or traded on regulated markets or multilateral trading systems in Greece
  • Purchase units in a mutual fund integrated in Greece or another country with a minimum investment of EUR 400,000 to invest in shares, commercial bonds, and/or Greek government bonds accepted to trading or traded on regulated markets or international trading in Greece.
  • Possession of units or shares of an alternative investment fund created in Greece or another EU country that intends to invest mainly in real property in Greece for a minimum purchase price of EUR 400,000.

Capital Transfer

  • Term deposit of at least EUR 400,000 to a local commercial bank for at least one year, with a renewed standing order

Process and Time Frame of the Greece Golden Visa Program

Step 1: Visit Greece in the first step.

Step 2: Choose the preferred property

Step 3: Submission of the application

Step 4: Final verification



RESIDENCE BY INVESTMENT - CHECK YOUR ELIGEBILITY

faq

Our Clients Questions

The Greece Golden Visa Program is a residence-by-investment initiative that allows non-EU citizens and their families to gain permanent residency in Greece.

The qualifying options for the Greece Golden Visa Program are real estate options, capital contribution, bonds, shares, and/or government bonds, and capital transfer.

The minimum investment required for the Greece Golden Visa Program is EUR 250,000 for real estate options and EUR 400,000 for capital contribution, bonds, shares, and/or government bonds, and capital transfer.

The benefits of the Greece Golden Visa Program include free movement rights to Greece and the Schengen Area of Europe, the opportunity to rent out an investment property, no mandatory residence in Greece, and qualification for citizenship application following seven years of residency.

The processing time for the Greece Golden Visa Program approval application takes one to two months.

No, it is unnecessary to reside in Greece to qualify for the Greece Golden Visa Program.

Non-EU citizens and their families can qualify for the Greece Golden Visa Program.

The Greece Golden Visa Program residency permit has no expiration date limit and can be renewed every five years.

Yes, family members (married spouse, parents' children under 21 years old) of the principal applicant and spouse can also qualify for the Greece Golden Visa Program.

The Greece Golden Visa Program requirements include meeting the minimum investment amount, submitting the approval application, and final verification.

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