Golden Visa Greece

GREECE
Golden Residence Permit

As one of the most popular investment programs in the EU, the Greece Golden Visa offers HNWIs and their families access to a European oasis with arguably the most competitive investment options in the region. Strategically located at the crossroads of Europe, Asia, and Africa — its unique position on the world map as well as its acclaimed hospitality as one of the world’s most popular tourist destinations, has prompted Greece as a truly legendary location to invest and build a future.

 
WHY CHOOSE GREECE?

The Greece Golden Visa Program is considered one of the most affordable and competitive Residency by

Investment programs in Europe. Known as the cradle for Western Civilization, Greece embodies the best of both business and leisure, welcoming nearly 40 million tourists each year. Member of the Schengen Area, Greece bridges historical delicacy and exceptional Mediterranean scenery, with a booming economic landscape that has regained momentum through growing FDIs by global investors.

Benefits:
  • The minimum threshold of €250,000 for investment in real estate can be split and invested in more than one property;
  • Possibility of execution of investment without travelling to Greece to open bank account;
  • Single visit to Greece required in order to obtain residency;
  • Fast and straight forward procedure with residency within 60 days;
  • Visa-free travel within Europe’s Schengen Area;
  • No physical residency required to renew the residence permits;
  • Unlimited number of renewals for consecutive periods of five years allowed;
  • Opportunity to generate return on investment by renting the property;
  • Eligibility to apply for citizenship after seven years of residence.
QUALIFICATIONS

To qualify, applicants must fulfill the investment options in addition to meeting the following criteria:

  • Be at least 18 years old
  • Possess a valid passport.

The following family members qualify as dependents of the main applicant:

  • Spouse;
  • Children up to 21 years old
  • Main applicant’s parents
  • Spouse’s parents.
INVESTMENT OPTIONS
Real Estate

To qualify for residency, the main applicant must fulfill the contribution requirements through an investment in real estate for a minimum of €250,000.

The investment can be made:

  • On a single property or on a combination of properties;
  • On new or secondhand properties;
  • On residential, touristic, or commercial properties; On pre-built or off-plan properties;
  • Jointly with other investors, as long as each fulfils the minimum required amount;

  • With the purpose of renting out the property and generate income from it.

    The Golden Visa is subject to renewals for consecutive periods of 5 years for an unlimited number of times, provided the investment remains under the ownership of the main applicant.

APPLICATION FEES

The fees associated with this program cover service for the main applicant and all qualifying family members throughout the application for the Golden Visa.

All application fees and taxes determined by the Greek government may be subject to change without previous notice.

Translation, notarization and authentication fees at all stages of the process are the responsibility of the investor.

STEPS AND TIMELINE

The following table breaks down the program application process to four stages. Each step must be completed before continuing to the next.

 

 

 

STAGE 1

Processing

  • Sign Power of Attorney at notary/Greek Consulate or in Greece
  • Obtain Tax Registration Number (TRN)
  • Open a personal bank account in Greece (optional)

WEEKS 1-2

STAGE 2

Investment

  • Select property and receive due diligence results

  • Transfer funds to personal account or to law firm’s Escrow account

  • Execute the title deed

WEEKS 3-4

STAGE 3

Submission

  • Collect documents for submission for Golden Visa application

  • Submit application and receive a Blue Certificate (Temporary Golden Visa)

  • Attend appointment in Greece within span of 6 months to collect biometric

WEEKS 5-8

STAGE 3

Approval

Receive Permanent Residence Permit

WEEKS 9-12

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