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Residency by Investment

Overview of Greece's Residency By Investment Program

Greece Residency by Investment Program allows individuals and their family members to obtain residency in Greece by investing in qualified investments. The goal is to boost economic develoThe pment while drawing in foreign investors. Application options available to applicants for residency by investment include real estate investments, government bonds issued to them, and job creation. Successful candidates will be able to study, work, and live in Greece while enjoying its rich culture, breathtaking landscapes, and access to the Schengen Area. This program represents a gateway into Europe that gives international investors the chance to gain a foothold within Europe itself.

How to obtain Greece's Residency by Investment

Real estate investment
Investing in real estate in Greece involves spending at least €250,000 to buy a property, with the exception of locations like Athens, Thessaloniki, Mykonos, and Santorini, where the requirement is a minimum of €500,000 for a single property purchase starting from July 31st, 2023. You can choose to invest this amount in one property or spread it across multiple properties, depending on the location.

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Processing Time

4-6 months

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Real Estate From

€250,000 up to €500,000

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Visa-Free Access To

Schengen Countries

Greece Investment Options

The permanent residency program in Greece is renowned as Europe’s most competitive scheme, catering to investors who are willing to make real estate investments in Greece.

€250,000 up to €500,000

Real Estate Investment

Permanent Residency in Greece may be obtained through a secure €250,000 (excluding VAT), or more, investment in real estate. An investment in multiple real estates with values exceeding €500,000 (excluding VAT) can also be made to qualify.

The permanent residency will be valid for 5 years and can easily be renewed as long as the real estate is held. Investors can choose to sell the real estate before 5 years to another foreign citizen, who can also apply for permanent residency, however, the original investor must forfeit his permit to do so.

NOTE: Additional charges apply and all fees are subject to change at any time without notice.

Why Choose Greece?

  • Economic advantage: Greece is an economical place to live compared to many European nations, offering lower real estate, food, and living costs compared to many parts of Europe.
  • Quality of life: Greece boasts an excellent quality of life, offering outstanding healthcare, education, and infrastructure facilities, as well as warm hospitality from its people.
  • Freedom of movement: Greece is part of the Schengen Area, meaning that visitors are free to travel within its borders without needing a visa for most destinations in this region – an advantage if traveling is something you enjoy doing!
  • EU privilege: As a permanent resident of Greece, you will also enjoy all of the privileges afforded to EU citizens, such as working and living anywhere within Europe.
  • Path to citizenship: After seven years as a permanent resident in Greece, you may become eligible to apply for Greek citizenship, – this would grant you the right to vote and hold public office within Greece.

Cost of living in Greece

Greece in 2023 remains an affordable place to live compared to many European nations, particularly when considering some of the average costs associated with living there:

Rent

Athens’ average one-bedroom rental costs around EUR 600 monthly; in other cities like Thessaloniki, this may be significantly less at EUR 400 monthly.

Food:

 Groceries for one person in Greece can typically cost an average of EUR 2500 each month, including basic staples like bread, milk,eggs,s and vegetables. Eating out is also relatively affordable, typically costing EUR 20 per person at mid-range restaurants for lunch or dinner service.

Transportation in Greece:

 Public transportation in Greece is both affordable and efficient; an Athens Metro monthly pass allowing unlimited travel on buses,trams, and metro costs just EUR 40 while taxi fares start at just EUR 100 for 5-kilometer trips.

Utilities:

 On average, utilities costs for small apartments average EUR 1000 monthly. This covers electricity,water, and gas usage.

Entertainment

Greece offers many free and low-cost activities to enjoy. For instance, visiting Athens’ Acropolis for free or strolling through its National Garden are just two examples; there are also various free concerts and festivals held throughout the year that you could participate in for fun!

Overall, living costs in Greece are quite manageable, and you could comfortably live off an initial monthly budget of EUR1,000. Your expenses will differ based on your lifestyle and spending habits.

Key Facts

Capital

Athens

Languages

Greek

Currency

Euro (EUR)

Population

10.36 million (2024)

What are the eligibility criteria to apply for the Greece Residency by Investment program ?

In order to qualify for a Golden Visa in Greece, you must meet the following requirements:

  • Minimum net-worth €250,000
  • Be at least 18 years old.
  • Have a clean criminal record
  • No deportations / Visa refusals

Greece Residency By Investment Required documents

  • 10 Passport photos for each family member (certified)
  • Signed affidavit of financial support for dependent children
  • Registration certificate from an educational institution to prove that dependent children are in full-time education
  • Supporting documents on employment (details to be communicated by Migrate World)
  • Detailed resume of main applicant (CV)
  • Signed client agreements
  • Draft of application forms (to be provided by Migrate World)
  • Passport copies of all pages for all family members
  • Copy of birth certificates for all family members
  • Copy of marriage certificate
  • Copy of personal ID or national ID for all family members
  • Utility bills confirming the address of the applicant
  • Health insurance policy
  • The title deed of the purchased property
  • Police certificate for all family members
  • Bank reference and bank statement showing the ability of investors to invest the required amount.

Note: The government of Greece may request additional documents and/or information not listed above for either investment option

How Many Dependents Can be Included in a Single Application?

Under the Greece Residency by Investment Program, one application for residency may include up to two dependents as dependents – defined as the spouse and unmarried children under the age of 21 of the main applicant; parents can be included if financially dependent.

To include dependents in your application, it will be necessary to present proof of their relationship, such as marriage certificates or birth certificates, as well as evidence of their financial dependence, if applicable.

If you qualify for residency under the Greece Residency by Investment Program, all your dependents will also gain residency status, so they will  be able to live, work, and study in Greece.

Starting investment for Greece Residency is €250,000

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Get Free Consultation

    Step by Step procedures and time frame for obtaining the Greece Residency

    • Initial Consultation: A complimentary consultation with us where we explain all the different options available
    • Security Check: Migrate World performs a preliminary security check, before officially making any agreement as a guarantee that the applicant’s record is clean in the event that the government might reject his/her application.
    • Agreement and Fees: Fees include legal, due diligence, government, and application processing fees.
    • Real Estate Investment: Migrate World assists the investor in securing a qualifying real estate purchase worth €250,000 (excluding VAT) or more in Greece.
    • Collect documents and submit the file: Collect Documents and Submit File We will help obtain/translate and authenticate all necessary documents. A file is then prepared and submitted to the Greek Authority.
    • Application Revision: The application is examined and reviewed, and a decision regarding the applicant’s approval is formulated within 2 months.
    • Permanent Residency Issuance: Once approval has been granted, the applicant is issued the Greece permanent residence permit.

    Note: Timeline is an estimate only, processing time depends on the complexity of each file

    How do I avoid mistakes when applying for the Greece residency by investment program ?

    When embarking on the journey to obtain Greece residency, entrusting your application to a reputable migration agency like Migrate World can be the strategic advantage you need. Our seasoned experts are well-versed in the intricate details of the application process, ensuring meticulous adherence to the country’s stringent requirements. With a track record of successful outcomes, Migrate World offers personalized assistance, saving you valuable time and minimizing the risk of errors that could delay or hinder your application. As your dedicated partner, we not only simplify the complexities but also provide you with up-to-date insights, empowering you to make informed decisions. 

    Program Summary

    Learn more about the country and it's citizenship by investment.

      Similar Residence by Investment Programs

      Benefits of Greece’s Residency By Investment Program

      • Processing time is around 2-3 months
      • Right to live and settle in Greece
      • Visa-free travel within Schengen zone
      • Right to apply for EU citizenship after living in Greece for 7 years
      • Inclusion of parents of both the main applicant and spouse and dependent children up to the age of 21
      • Right to healthcare and education as Greek nationals

      How Can Migrate World Help You?

      Migrate World team offers essential support to clients pursuing  Greece residency by investment program. With expert guidance, personalized solutions, and thorough assistance in documentation, investment choices, application, due diligence, and post-approval steps, Migrate World ensures a smooth and successful journey toward obtaining Greece residency. Clients benefit from their expertise, minimizing complexities and maximizing the likelihood of a favorable outcome.

      Comparing Residency by Investment Countries

      Similar Citizenship by Investment Programs

      Does Greece provides Golden Visa?

      Yes, Greece does offer a Golden Visa program. This scheme allows non-EU citizens to gain residency by investing in real estate.

      Schedule a meeting with us 

      Frequently Asked Questions

      The residence permit validity period is 5 years

      Although it is not required, the investor can travel to Greece to see the property live before making a purchase. Only the fingerprinting must take place in Greece for the applicant and any family members included on the application.

      Yes, you can get a residence permit in Greece by purchasing a house for at least €250,000.

      No visa is required for citizens of the UAE to enter Greece as long as they have a current passport from the UAE and plan to visit there.

      A Greece white card is proof that a person is seeking asylum there and has a case number.

      Traveling is best done in the late spring (May) and the fall (Sept-Oct).

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