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Globe Capital Group > Residency > European Residence > Greece

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Greece

As part of the European Union, Greece provides its residents and citizens with a range of valuable advantages, such as strong public safety, quality education, reliable healthcare services, and a stable legal system.

  • Investment

    Minimum specialized real estate investment of EUR 250,000

  • Key benefit

    Freedom of travel to Greece and Europe’s Schengen Area

Greece Residence by Investment Program

Launched in 2013, the Greece Golden Visa Program offers non-EU nationals and their families the opportunity to obtain permanent residency in one of Europe's most historically rich and culturally vibrant countries. By making a qualifying investment, often in real estate worth at least EUR 250,000, applicants can secure a renewable five-year residence permit. This program provides the right to live in Greece, travel within the Schengen Area, and enjoy a high quality of life, including a Mediterranean climate, excellent cuisine, healthcare services, and access to top international schools. There is no permanent residency requirement, making it a flexible and attractive option for investors seeking European residency.

Benefits of Cyprus residency by investment

Visa-free travel within Europe’s Schengen Area

No requirement to reside in Greece

Unlimited expiry date of residence permit

Opportunity to rent out the investment property

Covers spouse, kids under 21, and parents

Citizenship after 7 years

Requirements of Greece residency by investment

The program’s qualifying options are:

Real estate investment in one of the following investment zones:

  • EUR 250,000: Specialized real estate investment allocated towards the conversion of commercial properties into residential use or the restoration of listed buildings, regardless of location or size
  • EUR 400,000: For the purchase of properties in Greece, the investment must be made in a single property with a minimum size of 120 sqm
  • EUR 800,000: For the purchase of properties in Athens, Thessaloniki, and islands with more than 3,100 inhabitants

Alternatively, select one of the following qualifying options:

  • A 10-year time-sharing or lease agreement for hotel accommodation or furnished tourist residences with a value of at least EUR 400,000 or EUR 800,000, depending on the threshold zone
  • A fixed-term deposit of at least EUR 500,000 with a Greek credit institution
  • Invest at least EUR 500,000 in a Greek real estate investment company, closed-end fund, or Greek-based company for capital increase.
  • Buy Greek government bonds worth at least EUR 500,000 with three or more years of maturity through a Greek bank.
  • Purchase shares, corporate bonds, or government bonds in Greece worth at least EUR 800,000.
  • Invest at least EUR 350,000 in a mutual fund or alternative investment fund focused on Greek markets.

Procedures for the Greece golden visa

  • Visit Greece: Explore properties that match your investment goals.
  • Choose a property: Select one that meets the program’s requirements.
  • Submit application: Provide necessary documents and investment proof.
  • Verification: Complete the process for approval.

Greece Golden Visa Program

Frequently Asked Questions

Launched in 2013, this program allows non-EU nationals and their families to obtain permanent residence in Greece through qualifying investments. Residence permits are renewable every five years.

Investors can choose from several options:

  • Real Estate Investment: Purchase property in designated zones: EUR 250,000 for specialized real estate, EUR 400,000 for properties ≥120 sqm, or EUR 800,000 in major cities and larger islands.

  • Financial Investments: Options include time-sharing agreements, fixed-term deposits, capital contributions to Greek companies, or purchasing government and corporate bonds.

The main applicant can include their spouse, children under 21, and both sets of parents.

No. There is no obligation to reside in Greece to maintain the residence permit.

No. The visa does not permit employment in Greece. However, investors can hold shares and receive dividends from Greek companies.

Processing times can vary. It's advisable to consult with the relevant authorities or legal advisors for current timelines.

Yes. After seven years of continuous residence, investors may apply for Greek citizenship, subject to fulfilling additional requirements.

Yes. Investors are prohibited from engaging in short-term rentals of the property. Violations may result in fines or revocation of the residence permit.

Benefits include visa-free travel within the Schengen Area, the ability to rent out the investment property, and the flexibility to reside in Greece without a minimum stay requirement.

Applicants must make a qualifying investment, submit the application with the necessary documents, and undergo a due diligence process.