EUR 250,000
The Greek Residency 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 duration of this type of Residence Permit is 5 years and it can be renewed indefinitely (for a 5-year period each time) provided that the real estate property is still owned by the applicant.
Processing time - 2-3 months
Visa free travel - Visa-free to 29 Schengen countries
Investment type - Real Estate
Investment cost - a minimum of EUR 250,000
Family dependents - Spouse and children below 21 years old
On 18’th April 2013, Greece introduced Law 4146/2013 giving Non-EU citizens and their family members the right to obtain Residency Permits by investing in Real Estate in Greece. The allowance for these types of residency permits has been integrated into the existing Law 3386/2005 “Entry residence and social integration of third-country nationals in Greece.”
According to Article 36A of the Law, a five-year Residency Permit can be granted to Non-EU citizens who own or purchase real estate in Greece, the value of which exceeds 250,000 euro.
In July 2015, Greece introduced new amendments to Law 4251/2014 under the Law 4332/2015, giving Non-EU citizens the right to obtain citizenship if they reside in Greece for 7 consecutive years, providing they stay in Greece for a minimum of 180 days for each year.
Greece with its strategic location in the Southeast Europe is at the crossroads of Europe, Asia, the Middle East, and Africa. Greece is a member of the EU, Eurozone, and the Schengen Agreement. Globally, Greece is also a member of the United Nations, the OECD and NATO.
Greece is considered the birthplace of Western civilization, having contributed to the basis for mathematics, physics, literature, and other sciences. The country is considered one of the most popular tourist destinations worldwide – about 16.5 million tourists visit Greece every year – the country has something to offer to all types of lifestyle, from its calm, secluded beaches, and villages, where one can retire and relax, to its buzzing modern cities.
| CAPITAL | Athens |
| POPULATION | 11,400,000 |
| LANGUAGE | Greek |
| GOVERNMENT TYPE | Unitary parliamentary republic |
| CURRENCY | Euro (EUR) |
| EXCHANGE RATE | 1 USD = 0.9214EUR |
No physical residency requirements
No interview or language test required
No education or management experience required
Visa free travel within Schengen area, no visa or further documentation required
Golden visa in Greece Allows you to stay in any other Schengen countries for up to a period of three months within every six-month period with the right of multiple entries
If applicant physically resides in Greece for 7 years has the right to apply for citizenship
No income tax for non-residents except on rental income of the property in Greece
To be eligible for residency in Greece under its residency by investment program, the applicant is required to make a Real Estate investment in anywhere in Greece to obtain the golden visa.
1. REAL ESTATE INVESTMENT IN GREECE
The Real Estate purchase must be completed before applying for residency.
Minimum Investment
EUR 250,000
Plus VAT
16 - 23%
GOVERNMENT FEES
In addition to the purchase of real estate, there are Government fees to be paid.
Fees per Applicant - EUR 500
Citizenship Invest professional fees, official application forms, certification of citizenship and passport, courier & other disbursements are the only other costs associated. A detailed quotation with no hidden costs is provided for the specific case.
Citizenship Invest appoints a Document Collection Specialist for each case. The firm offers a bespoke service that simplifies the application process, requesting from clients the bear minimum. Our job is to simplify the document collection as much as possible and when required we obtain the documents for the client without their involvement. Please note the below list is to be used as a guideline only, after assessing the particular case Citizenship Invest prepares a personalized checklist.
Documents required from each applicant including children:
• Certified copy of valid passports
• Schengen Visa
• Three (3) Original passport-size photos
• Health Insurance Policy – International Healthy Insurance policy confirming it provides for full hospitalization in a Greek public hospital and medical care expenses and that it specifically states it applies in Greece and that covers the person(s) as long as s/he resides in Greece. Official English or Greek translation and legalised by the Greek Consulate of Residence
• Original excerpt of Birth record or certified copy of Birth certificates with Official Greek or English translation and legalized/ Apostilled by the Greek Consulate
(2 copies are required for Main Applicant – It must show the main Applicant father’s name, otherwise Family Book must be provided)
• Medical Travel Insurance – Valid for no less than the length of the Greek Tourist Visa (1 year). To cover medical costs and medical repatriation, valid in all Schengen countries throughout the duration of the visa
CI Europe can arrange for you
• Flight Ticket Reservation to visit Greece (issuance not necessary)
• Proof of accommodation from a hotel or invitation letter from a relative or friend in order to prove the destination and the purpose of the trip
Documents required only from the main applicant:
• Official Utility Bill – must show residential address. Official English or Greek translation and legalised by the Greek Consulate of Residence
• Proof of work or Proof of personal company and income – Official document that proves the applicant’s work address, type of work and annual income. Official English or Greek translation and legalised by the Greek Consulate of Residence
• Bank Statements for the last 6 months
Documents required only if married persons apply together:
• Original excerpt of marriage record or certified copy of marriage certificates with Official Greek or English translation and legalized/ Apostilled by the Greece Consulate
• Certified copy of divorce certificate with Official Greek or English translation and legalized/ Apostilled by the Greece Consulate (if applicable).
*For a personalized document checklist please contact us.