GREECE

GREECE

Golden Visa Program

Known as the cradle of Western civilization, Greece embodies the best of business and leisure, welcoming nearly 40 million tourists each year. Whether it is swimming in the turquoise seawaters of Zakynthos, enjoying a vibrant nightlife in Mykonos, or delving into the historical heritage of Athens, Greece is perfect for leisure and for building a desired life. As one of the most popular investment programs in Europe, the Greece Golden Visa Program offers access to a European oasis with arguably the most competitive investment options in the region.

Why choose Greece?

A member of the Schengen area and of the eurozone, Greece bridges historical heritage and exceptional Mediterranean scenery, with a booming economic landscape that has regained momentum through growing FDIs by global investors. Participation in the Program enables holders to acquire a long-term residence status, which is one of the prerequisites for naturalization.

Benefits

• Straightforward procedure and fast application processing time of 3-9 months;
• Right to enter in Greece even in case of closed borders;
• Right but not obligation to reside in Greece with no minimum residency requirements;
• Children up to 21 years old, parents and parents of spouses eligible as dependents;
• Residency cards renewable for life as long as qualifying investment is maintained;
• Access to public education institutions under the same terms as Greek nationals;
• Visa-free access across Schengen Area;
• Country ranked as the world’s number one country for retirement.

Qualifications

Greece’s Golden Visa is considered one of the most attractive and competitive residency-by-investment programs in Europe. To qualify, applicants must fulfill all investment criteria in addition to meeting the below requirements:

• Possess a valid passport;
• In case of selecting the real estate option, complete the property purchase in full.

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

• Spouse;
• Children up to 21 years old;
• Parents of the main applicant;
• Parents of the spouse.

Investment options

Applicants can qualify for the Golden Visa through one of the following investment options:

Real Estate Investment

The following real estate investment options are available under the Golden Visa:

• €800,000 in a single property with a minimum area of 120sqm in Athens, regional units of Thessaloniki, the islands of Mykonos and Santorini, and those islands with more than 3,100 inhabitants;
• €400,000 in a single property with a minimum area of 120sqm in all other regions of Greece;
• €250,000 in a commercial property to be converted for residential use – the conversion must be completed before the submission of the application;
• €250,000 in the acquisition and full restoration of a property in listed buildings of historical and cultural importance;

Capital Investment

The following capital investment options are available under the Golden Visa:

• €800,000 in shares, corporate bonds or Greek Government bonds, which are imported for trading or are traded on regulated markets or multilateral trading facilities operating in Greece;
• €500,000 in a company registered in Greece for the acquisition of shares or bonds;
• €500,000 in a Public Limited Real Estate Investment Company (REIC);
• €500,000 in Greek Government bonds;
• €500,000 in a fixed term deposit;
• €350,000 in a mutual fund investing exclusively in shares, corporate bonds or Greek Government bonds;
• €350,000 in shares or stocks in an Alternative Investment Fund (AIF) established in Greece or any other country of the EU which aims to invest exclusively in Greece;
• €250,000 minimum investment in startups listed on the National Register of Startups (Elevate Greece).

Application fees

The fees associated with this program cover service fees for the principal applicant and all accompanying family members throughout the first application for permanent residence. Additional fees are applicable depending on the investment selected.

Translation, notarization, and authentication of documents are not included in the estimate of fees and are the responsibility of the investor at all stages.

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