GOLDEN VISA PROGRAM
The Greece Golden Visa Program is considered one of the most affordable residence-by-investment programs that provides access to Europe.
Successful applicants and their families are able to benefit from visa-free access to Europe’s Schengen Area within two months of applying.
The Greece Golden Visa Program is a residence-by-investment program launched in 2013 that enables non-EU nationals and their family members to obtain permanent residence permits in Greece. The residence permits may be renewed every five years.
Real estate options.
Real estate acquisition:
1 An investment in real estate property with a minimum value of EUR 250,000, plus the applicable taxes
2 A 10-year lease agreement for hotel accommodation or furnished tourist residences in tourist accommodation complexes (Article 8 of Law 4000/2001)
3 A 10-year time-sharing agreement for hotel accommodation (Law 1652/1986)
1 A capital contribution with a minimum value of EUR 400,000 to a company that has its registered office or establishment in Greece (with the exception of portfolio investment companies and real estate investment companies) for the acquisition of shares in a share capital increase or bonds that are, at the time of issue, admitted for trading on regulated markets or multilateral trading mechanisms that operate in Greece
2 A capital contribution with a minimum value of EUR 400,000 to a real estate investment company (Article 21 of Law 2778/1999) that will invest exclusively in Greece, for the acquisition of shares in a share capital increase
3 A capital contribution with a minimum value of EUR 400,000 to a closed-end investment company (Article 5 of Law 2367/1995) for the acquisition of shares or to a closed-end mutual fund (Article 7 of Law 2992/2002) for the acquisition of shares, provided that the aforementioned alternative investment institutions have the intention to invest exclusively in companies that have headquarters or establishments in Greece.
Shares, bonds, and/or government bonds
1 Purchase of Greek government bonds with a minimum acquisition value of EUR 400,000 and residual maturity of at least three years at the time of purchase, via a credit institution established in Greece, which will also act as the custodian of these bonds
2 Purchase of shares, corporate bonds, and/or Greek government bonds with a minimum acquisition value of EUR 800,000, which are admitted for trading or are traded on regulated markets or multilateral trading mechanisms, operating in Greece
3 Purchase of units with a minimum value of EUR 400,000 of a mutual fund incorporated in Greece or another country and with the intention to invest exclusively in shares, corporate bonds, and/or Greek government bonds that are admitted for trading or are traded on regulated markets or multilateral trading mechanisms, operating in Greece
4 Purchase of units or shares with a minimum purchase value of EUR 400,000 of an alternative investment fund established in Greece or another country of the EU, which intends to exclusively invest in immovable property in Greece.
1 Term deposit of a minimum value of EUR 400,000 to a domestic credit institution, for at least one year, with a standing order for renewal.
In all cases, the applicant and their spouse, children, and parents must have health insurance in Greece.
A valid visa is needed at the beginning of the application process in order to enter Greece.
All the essential documentation that accompanies the application for an immigration permit must be duly certified, along with a translation of the same documents into the Greek language.
Key advantages of the Greece Golden Visa Program:
Visa-free travel within Europe’s Schengen Area
No requirement to reside in Greece
Residence permits can be acquired within 30–60 days
Unlimited expiry date of residence permit
Opportunity to rent out the investment property
Residence applicable to the whole family (married spouse, children under 21 years old, 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 the dividends of a company registered in Greece (but not to be employed in Greece)
The above as in any of the content found on this website was correct at the time of writing. You are requested to check if there has been any changes with this ruling and take legal advice to assist in the legalities and preparation of this application