Greece Golden Visa Program: Everything you need to know

Being a member state of the European Union, Greece extends various advantageous offerings to its residents and citizens. These include heightened levels of safety and security, exceptional educational opportunities, robust healthcare options, and a reliable adherence to the rule of law.

The Greece Golden Visa Program stands out as one of the most cost-effective residence-by-investment programs, granting access to Europe. Within three to four months of application, successful candidates and their families gain visa-free access to Europe’s Schengen Area.

Key benefits of the Greece Golden Visa Program:

– Visa-free travel within Europe’s Schengen Area
– No obligation to reside in Greece
– Acquisition of residence permits within 90-120 days
– Indefinite expiration date of residence permit
– Opportunity to lease the investment property
– Applicability of residence to the entire family (spouse, children under 21, and parents of the main applicant and spouse)
– Eligibility to apply for citizenship after seven years of residence
– Ability to hold shares and receive income from dividends of a company registered in Greece (without being employed in Greece)

Requirements of the Greece Golden Visa Program:

Launched in 2013, the Greece Golden Visa Program allows non-EU nationals and their family members to obtain permanent residence permits in Greece, with the option to renew every five years. The program offers several qualifying options, including:

Real estate options:

– Investment in real estate property with a minimum value of EUR 250,000, plus applicable taxes. Alternatively, a minimum of EUR 500,000 in certain locations.
– A 10-year lease agreement for hotel accommodation or furnished tourist residences in designated tourist complexes.
– A 10-year time-sharing agreement for hotel accommodation.

Other options:

Capital transfer:

– Term deposit of a minimum value of EUR 400,000 to a domestic Greek credit institution, renewable yearly.

Capital contribution:

– A capital contribution with a minimum value of EUR 400,000 to a company in Greece for the acquisition of shares.
– A capital contribution to a real estate investment company or closed-end investment company with specific investment intentions.

Shares, bonds, and/or government bonds:

– Purchase of Greek government bonds or shares/bonds with minimum values.

Procedures and time frame of the Greece Golden Visa Program:

– Step 1: Visit Greece
– Step 2: Choose the preferred property
– Step 3: Submission of the application
– Step 4: Final verification

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