Greece, the legendary land of ancient gods and heroes, offers one of Europe’s fastest Permanent Residence Programs with an application process period of 2 – 3 months.
As an investment, you can purchase a property on the mainland or the islands, regardless of whether the property is new, under construction or in need of reconstruction.
Benefiting from a double taxation treaty with countries like the UK, the US and Russia, Greece ensures that there are no additional taxes to pay for foreign property investors, as taxes on Greek property are only applicable within Greece. It’s noteworthy that holding a Greek residence permit does not establish an investor as a tax resident if their stay in the country is less than 183 days per year.
Holders of a Greek Permanent Residence card can renew it 5 years after it is issued so long as they maintain ownership of their qualifying investment. Additionally, holders can enjoy visa-free movement across all EU and Schengen zone countries.
Investing €250,000 allows an individual to become eligible for Permanent Residency in Greece.
Holders of a Greek Permanent Resident card can live and study with their families in Greece, a European Union member.
Applications are fully processed within 2 – 3 months.
A strategic location at the edge of Europe, bordering Asia, Africa and the Middle East.
An individual can include their spouse, parents, in-laws and children under the age of 21.
Permanent Residents can become eligible for Greek Citizenship through naturalisation after 7 years, subject to conditions.
Applicants are not required to live in Greece and they have the choice to rent out the investment property.
Real Estate Route:
▪ Minimum of €800,000 in Attica, Thessaloniki, Mykonos, Thira or islands with more than 3,100 inhabitants.
▪ Minimum of €400,000 in all other areas.
▪ Minimum of €250,000 in properties converted from commercial to residential or restoration of listed properties.
Business Route:
▪ Minimum investment of €500,000 in the establishment and operation of a business.
Financial Investment Route – a monetary investment in one of the following two alternatives:
▪ A minimum investment of €500,000 as a fixed deposit OR
▪ A minimum investment of €350,000 in the purchase of shares
Additionally, the applicant must be over 18 years old, have a clean criminal record, obtain health insurance from a Greece-based company and hold a valid Greek visa to initiate the Golden Visa application process.
Applicants can begin their Permanent Residence application either by visiting Greece or through a designated representative.
Determine which investment option best suits your needs.
Your application will be submitted alongside all related documents. A physical visit to Greece is required at this stage for biometric data collection, the only obligatory visit in the entire process.
What is the minimum investment threshold for Greece’s Golden Visa program?
To obtain Greek Residence by Investment, a minimum investment of €250,000 is necessary. This investment involves purchasing real estate which must be retained for as long as the investor wishes to keep the Golden Visa.
Can I rent out the property purchased?
Are there any tax implications from the rental income generated in Greece?
Are there any regulatory compliance requirements that must be fulfilled concerning the acquisition of the property?
How long will my Greece residency last for?