Golden Visa
The Greece Golden Visa is a residency-by-investment program that allows non-EU citizens to obtain Greek residency by investing in real estate or other assets in Greece
Launched in 2013, the Greek Golden Visa Program grants a five-year residence permit in exchange for as low as a €250,000 real estate investment in Greece. You can include your family in the residency program. The Greek Golden Visa allows you to live in Greece and travel across the Schengen region, without a visa.
Right To Live in Greece
The Greek Golden Visa allows you and your family to live in Greece. There is no limitation to how long you can stay. As a matter of fact, there is no minimum stay requirement either. The right to live in Greece comes with public healthcare and education benefits as well.
Visa-Free Travel With Greece Residence Permit
The Golden Visa gives you the freedom to travel across the Schengen zone without the need for an additional visa. The Schengen zone consists of 26 European countries that have officially abolished visas and border control at their mutual borders.
Family Reunification
Can your family join you? They sure can. The residence scheme allows you to include your spouse and children under the age of 21 in the program. This means that all these family members can also receive and enjoy all the benefits of a Golden Visa card. In addition to the other Golden Visa programs, the Greek program provides an Extended Family benefit. This means that the principal applicant’s parents and parents-in-law can also receive cards without any further requirements.
Low Investment Threshold in a Promising Real Estate Market
Among the Golden Visa programs in Europe, Greece has the lowest investment threshold. You can invest as low as €250,000 in Greek real estate in order to qualify for the program except in municipalities in Athens, Thessaloniki, Mykonos, and Santorini after May 1st, 2023. The Greek property market took a big hit in the 2008 financial crisis and suffered for more than a decade. As of 2022, the Greek real estate market is expected to adjust in an upward trend.
Greece Golden Visa Changes
The Prime Minister of Greece, Kyriakos Mitsotakis, has announced an increase in the minimum investment for the Greek Golden Visa program from 250,000 EUR to 500,000 EUR. The Greek Golden Visa program’s minimum investment has increased to 500,000 EUR, effective May 1st, 2023. Greece Golden Visa change applies geographical limits to real estate investments, affecting properties in specific municipalities in Athens, Thessaloniki, Mykonos, and Santorini.
Investors who have already paid a 10% deposit on a property before July 31sr, 2023, will be able to complete the transaction and still apply under the old 250,000 EUR scheme. Additionally, investors are now allowed to sign a Power of Attorney in their country, without visiting Greece, provided it is certified or authorized by a competent Greek Consulate.
Investors in areas with a threshold of 500,000 EUR will only be able to invest in one property, while those in areas with a threshold of 250,000 EUR will still have the option to invest in multiple properties.
Greek Golden Visa Law changed on 23.12.2020: You can now apply for the program completely remotely. You or your dependents don’t have to enter Greece during or prior to the application process.
