Greece Golden Visa

Greece Golden Visa program enables investors to obtain residency status in Greece with a qualified investment in Greece. Within this context, applicants have the following investment options:

• o Investment of at least €250,000 EUR into one or several real estates in Greece to obtain a 5-year-residence permit. The Golden Visa is granted for five years and is renewed every five years, provided that the ownership of the assets is maintained. Please note that as of January 2023, the investment amount is increased up to €500,000 EUR in 36 municipalities like Mykonos, Santorini, Thessaloniki, and Athens.
• Term Deposit of at least €400,000 EUR in Greece Credit Institution on condition to keep the investment for a minimum period of 1 year. The Golden Visa is granted for five years and is renewed every five years, provided that the ownership of the investment is maintained.
• Investment of at least €800,000 EUR in corporate or government bonds authorized to trade or traded on a regulated market or multilateral trading institution operating in Greece.

Apart from the abovementioned requirements, the main applicant must be over 18 years of age and his/her family members shall have a clean personal background and shall be in good health and of character.

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How long does the process take?

The residence permit process takes between 2-4 months from submission of the application to approval.

What are the advantages of this Program?

Key advantages of this residency program are;

• Visa-free travel to 186 countries such as Switzerland, the United Kingdom, Hong Kong, United Arab Emirates, and of course EU Countries,
• o Visa holders may apply and obtain Greek citizenship after 7 years of lawful residency.
• The real estate may be rented to third parties.
• Greece Golden Visa Program offers the lowest required investment amounts for residency in Europe.

Ketenci&Ketenci is a leading international law firm advising on global citizenship. Please contact us for further details on acquiring Greece Residency Permit and Greek Citizenship.

FREQUENTLY ASKED QUESTIONS (“FAQ”) IN RELATION TO GREECE & GREECE RESIDENCY PROGRAMME

Why choose Greece?

Greece has a rich culture that has developed over thousands of years. Besides the culture, the country enables high-quality education and healthcare services. It is allowed dual & multiple citizenships and the passport is renewable for life and passed on to future generations.

Do I have to travel to Greece during Residence Permit procedures?

Applicants have to travel to Greece to collect their biometric data.

Is Greece a tax haven for investors who evaluate Golden Visa Programmes?

Greece does not ask for tax payments if the investor does not plan to live in Greece. However, the Greek government collects several taxes from money earned in the country, such as income tax & property tax.

Do you offer properties suitable for Greece Golden Visa?

Yes. We would be happy to provide you with our specialist property advisors who would assist you to find high-quality properties either commercial or residential, from a wide range of options which is convenient for Greece Golden Visa applications and also complies with your personal priorities.

How many family members can apply for residency along with the Main Applicant?

All family members; spouses, the direct descendants of the spouses, who are under the age of 21 (children), the direct ascendants of the investor or his/her spouse (parents and parents-in-law) as well as the main applicant can be extended Greece Residency investment application.

Is there any language requirement to apply for Greece Residency?

No, applicants do not have to take any language test.

Is there a chance for two or more different investors to acquire Greece Golden Visa depending on a single real estate?

Yes, this might be an option. Real Estate Investments requested by the Greek government have been indicated as €250.000-€500.000 EUR per the main applicant depending on the location. This means each main applicant is obligated to invest in such a price, in order to obtain EU Residency.

Why is acquiring residency in Greece profitable for business?

Greece is a trade bridge between Europe, the Middle East, and North Africa. The country’s main sectors are tourism, traditional agriculture some modern businesses such as communication technologies. Since it provides Visa-Free entry to all the countries of the Schengen without time limitations, to have a permanent residence or more, citizenship allows the permit holder to move freely in the trading world.

Is there any official Code regulating the Greece Golden Visa program?

This Programme has been stipulated in the Immigration and Social Integration Law of Greece (Numbered 4251/2014) in order to attract investors from all around the world, who are searching for free trade & travel opportunities within the EU.

Please contact us now to have further information on Greece Residency by Investment program and to get a fee quotation for your application.