GREECE
Why Greece?
A member of the European Union since 1981, Greece is a democratic and developed country with an advanced high-income economy, a good quality of life, and a very high standard of living. At the crossroads between East and West, it is a superb business location with the capital, Athens, providing access to both international business and travel.
Thriving Economy
Greece’s economy is on the rise. The real estate market, in particular, offers high returns on investment. The Greek Golden Visa Program provides incredible advantages, from visa-free travel within the Schengen Area to incredible tax benefits. This makes Greece an attractive option for investors looking for profitable opportunities.
Strategic Location
Greece’s strategic location at the crossroads of Europe, Asia, and Africa provides easy access to various markets. This makes Greece a global hub for business and trade. Furthermore, its rich history, beautiful landscapes, and warm climate make it an attractive destination for investors and their families.
Exceptional Healthcare
Medical care is exceptionally good in Turkey. Both state and private healthcare is highly accessible and affordable for all citizens. State insurance is extremely affordable covering all expenses. With its multiple world-class hospitals (61 of which are JCI-accredited, the gold standard in global health care), highly skilled medical staff and affordable prices, Turkey’s medical care is undoubtedly one of its top attractions.
High Quality Education
Greece provides free high-quality education from primary school to University. This means your children can receive a top-notch education, preparing them for a bright future. Greece is also home to some of the world’s oldest and most prestigious universities, making it an excellent place for higher education.
Highlights:
- Visa-free travel throughout the Schengen Area
- No physical stay required
- Only one visit per year
- Lowest cost EU residency program
- Family members included
- Enjoy rental income from property
- Fast-track application process
ABOUT GREECE
Greece is a country with 131,957 km² area and with the population of 10.8 million people. Greece is one of the most influential and ancient civilizations of the world. It is a cradle of democracy, philosophy, western literature, drama, mythology, science, Olympic Games etc… In addition, the beautiful beaches, food and cultural heritage make it one of the most visited places on earth. Natural beauty, sunny weather, white sandy beaches and beautiful hills give opportunity to any investor to enjoy there with his/her family. Greece is a country which can satisfy any tasty of the world people.
Process
STEP 1:
Obtain a Greek Tax ID. A process that can be dealt with remotely either by a representative or through the Consulate.
STEP 2:
Open a bank account in Greece. After obtaining the Greek Tax ID you are now able to open a required bank account in Greece. All the related transactions associated with the golden visa are to be paid via said account (Except for Real Estate investments).
STEP 3:
Submit application. Greek authorities issue a receipt of application, which may be used as a temporary permit prior to residency being granted.
STEP 4:
The application is reviewed and diligence checks are carried out for the main applicant and the dependents.
STEP 5:
Golden Visa is issued.
STEP 6:
Citizenship may be applied for after seven years of residency.
VISA-FREE TRAVEL TO 29 COUNTRIES
- Austria
- Belgium
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Italy
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Monaco*
- Netherlands
- Norway
- Poland
- Portugal
- San Marino*
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
- Vatican City*
- * Visa on arrival
The list of countries is subject to variations depending on each government’s policy and so is access to these countries.
Investment Options and Conditions
Real Estate
a minimum of
- Elegible Properties:
- Real estate properties in northern and central provinces of Greece
- South Athens Attica region
- Mucipalities of Thessaloniki, Mykonos, and Santorini
Updated Golden Visa Thresholds:
- Minimum of €800,000: For the Region of Attica, the Regional Units of Thessaloniki, Mykonos, and Santorini, as well as islands with populations exceeding 3,100 inhabitants, the minimum property value is set at 800,000 EUR at the time of acquisition.
- Minimum of €400,000: In all other regions of the country, the minimum real estate value stands at 400,000 EUR. Additionally, the investment must be made in a single property with a minimum surface area of 120 square meters.
- Conversion from Commercial to Residential:
If a property undergoes conversion from commercial to residential use, maintaining a minimum threshold of 250,000 EUR applies, regardless of location and property size. This investment must be on a single property, with the conversion completed before the Golden Visa application submission.
- Restoration of Listed Buildings:
Properties situated in listed buildings intended for full restoration or reconstruction by the investor maintain a minimum threshold of 250,000 EUR. The restoration must be fully completed before the first renewal of the Golden Visa after five years. Until restoration is complete, the property cannot be sold, and failure to restorewill result in permit revocation and a 150,000 EUR administrative fine.
Islands with populations exceeding 3,100 inhabitants (list by population):
Crete
Evia
Rhodes
Corfu
Lesbos
Chios
Zante
Salamina
Kos
Kefalonia
Samos
Lefkada
Syros
Naxos
Kalymnos
Lemnos
Paros
Thassos
Aegina
Tinos
Ikaria
Andros
Leros
Karpathos
Skiathos
Milos
Skopelos
Spetses
Kythera
Parmos
Poros
Alonissos
The list of countries is subject to variations depending on each government’s policy and so is access to these countries.
AIRBNB RESTRICTION:
KEY DATES – TRANSITIONAL PERIOD:
Investors may apply under the current 250k threshold if:
- a 10% deposit is paid by August 31, 2024,
- and the investment is finalized by December 31, 2024.
Goverment Bonds
a minimum of
- Requirements:
- Through a greek Credit Institution which will also serve as the custodian of the purchased bonds.
Mutual Funds
a minimum of
- Requirements:
- Accquire the minimum worth of units at a Mutual Fund incorporated in Greece or another country with the exclusive purpose in investing in shares, corporate bonds or Greek goverment bonds that are listed for trading or actively traded on regulated markets or multilateral trading platforms operating in Greece.
Investment Funds
a minimum of
- Requirements:
- Accquire the minimum worth of units at an Investment Fund established in Greece or another EU country with the exclusive purpose in investing in Real Estate within Greece.
Capital Transfer
a minimum of
- Requirements:
- A fixed-term deposit of the minimum thereshold in a Greek bank accout or another national credit institution maintained for a minimum of one year with an automatic renewal arrangement in place
Application Form
2x Copies of the Application Form
Certified Passport Copy
A certified copy of all the pages of a valid passport
Four (x4) Portrait Photos
Four (x4) up-to-date portrait colored photos following the Schengen Visa photo requirements.
Health Insurance
Certified documentation of active Greek health insurance for all applicants and their family members
last update: 22 of March 2024
Bank Statement Report
Documented proof (Bank Statement, Bank Report..) that guarantees proof of sufficient funds in bank accounts
Active Schengen Visa
A certified proof of an active Shengen Visa for the applicant and the family members.*
Payment Receipt of Application
Proof of payment of all required processing and goverment fees
Purchasing Agreement
Notorized proof of purchase: valid real estate or proof of investment agreement for the completion of Golden Visa Process
Want to get a tailored solution
for you or your family?
We are problem solvers and we will design a strategic proposal according to your individual situation,
accompanying you through the entire journey to your residency or citizenship.