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Greece Golden Visa - Residency by Investment

Processing Time

4-6 months

REAL ESTATE

Starting from €250,000

VISA-FREE ACCESS TO

Schengen Countries

Processing Time

4-6 months

CONTRIBUTION OR REAL ESTATE

Starting from €250,000

VISA-FREE ACCESS TO

Schengen Countries

Residency by Investment

Overview of Greece Residency by Investment Program

The Greece Residency by Investment Program, also known as the Golden Visa Program, was launched in 2013 to attract foreign investors and enhance the country’s economy. This initiative allows non-EU citizens to obtain residency in Greece by making qualifying investments, primarily in real estate. The program promotes Greece as a desirable destination for investment and residency, providing an opportunity for investors to engage with the local market.

Why choose Greece?

  • Quality healthcare system with access to modern facilities
  • Public healthcare available to residents and citizens
  • High standard of education with both public and private schools
  • International schools offering diverse curricula in English and other languages
  • Renowned universities and institutions for higher education
  • Strategic location at the crossroads of Europe, Asia, and Africa
  • Rich cultural heritage with ancient sites and traditions
  • Stunning landscapes featuring islands and mountains

Living in Greece

Quality of Life

Living in Greece offers a high quality of life characterized by a relaxed pace and a strong sense of community. The combination of beautiful landscapes, rich history, and a mild climate creates an enjoyable environment for residents.

Healthcare

Greece has a robust healthcare system that provides both public and private options. The public healthcare system offers access to modern facilities and services for residents and citizens. Private healthcare is also available, often providing quicker access to specialized treatments and a higher standard of care.

Education

The education system in Greece is well-regarded, featuring a mix of public and private schools that cater to various needs. Many international schools offer curricula in English and other languages, making it easier for expatriates to integrate. Greece is home to several prestigious universities and institutions, emphasizing higher education and vocational training.

Economic Environment

Greece’s economic environment has shown signs of recovery in recent years, with growth driven by tourism, shipping, and agriculture. The government supports foreign investment, creating opportunities for entrepreneurs and businesses. The strategic location of Greece also facilitates trade and access to European and global markets.

Lifestyle

The lifestyle in Greece is vibrant and diverse, blending modern living with rich traditions. Residents enjoy outdoor activities, a thriving arts scene, and a strong emphasis on family and social connections. The local cuisine, known for its flavors and health benefits, plays a central role in daily life, often enjoyed in communal settings.

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Processing Time

4-6 months

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Contribution OR Real Estate

Starting from €250,000

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Visa-Free Access To

Schengen Countries

Taxes

In Greece, income taxes are progressive, meaning higher incomes are taxed at higher rates. Both residents and non-residents pay taxes based on where their income is sourced. Permanent residents are taxed on global income, while non-residents only pay taxes on income earned in Greece. Tax obligations arise for those with a permanent residence, who spend over 183 days in the country, or who earn a certain level of income. Additional taxes may apply for owning properties, vehicles, or other assets. The main types of taxes include income tax, social security tax, capital tax, and VAT on goods and services

Cost of living in Greece

The cost of living in Greece varies by region, with urban areas like Athens and Thessaloniki typically being more expensive than rural locations and smaller islands. Generally, monthly expenses for individuals can be manageable, encompassing essentials such as housing, utilities, food, and transportation. Housing costs tend to be more affordable outside major cities, while dining out and groceries are relatively inexpensive compared to many other European countries. Overall, Greece offers a favorable cost of living, making it an attractive option for those seeking a balanced lifestyle amidst beautiful landscapes and rich culture.

Key Facts

Capital

Athens

Languages

Greek

Currency

Euro (EUR)

Population

10.36 million (2024)

Greece Residence by Investment Options

Investment Zone Minimum Investment Details
Zone 1 €800,000 Includes key areas such as Attica, Thessaloniki, Mykonos, Santorini, and other islands with populations of over 3,100. The minimum value for purchasing real estate is €800,000.
Zone 2 €400,000 This applies to the rest of Greece, where the minimum property value is €400,000. The investment must be in a single property of at least 120 square meters.
Increased Investment Requirements for Islands €800,000 In Mykonos and Santorini, the investment has increased from €500,000 to €800,000. An additional 32 islands (including Crete, Rhodes, Corfu, and Zakynthos) now also require €800,000, previously €250,000.
€250,000 Investment Option €250,000 Available for converting a commercial property into a residential one, regardless of location or size. The conversion can be done by the property seller (our company) or the buyer, who will not be involved in the process.

Read more: 
Greece Residency by Real Estate Investment

What are the eligibility criteria to apply for Greece Golden Visa?

  • Non-EU/EEA citizenship: Applicants must be citizens of countries outside the EU or EEA.
  • Age 18+: Applicants must be at least 18 years old.
  • Clean criminal record: A clear criminal record is required.
  • Medical insurance: Valid medical insurance is necessary.
  • Good character: Applicants must demonstrate good character and conduct.

Quick Facts

Quick Facts Details
Minimum Investment €250,000 for real estate (depending on location)
Eligibility Non-EU/EEA citizens, 18+ years old
Criminal Record A clean criminal record required
Health Insurance Required for all applicants
Dependents Spouse, children under 21, dependent parents
Application Fee Investor: €2,000, Adult family members: €150
Processing Time 4-6 months
Residency Renewal Every 5 years, subject to property ownership
No Minimum Stay Requirement No need to reside in Greece
Benefits Residency in Greece, access to the Schengen area, and many more..

Starting investment for Antigua & Barbuda Citizenship is $ 100,000

Starting investment for Greece Residency is €250,000

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    Greece Golden Visa 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

    Program Summary

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

      How to obtain a Greece Residency by Investment Visa (Golden Visa)?

      How to Apply: Step-by-step procedure

      1. Initial Consultation: A complimentary consultation with us where we explain all the different options available
      2. Security Check: Migrate World performs a preliminary security check, before officially making any agreement as a guarantee that the applicant’s record is clean if the government might reject his/her application.
      3. Agreement and Fees: Fees include legal, due diligence, government, and application processing fees.
      4. Real Estate Investment: Migrate World assists the investor in securing a qualifying real estate purchase worth €250,000 (excluding VAT) or more in Greece.
      5. Collect documents and submit the file: We will help obtain/translate and authenticate all necessary documents. A file is then prepared and submitted to the Greek Authority.
      6. Application Revision: The application is examined and reviewed, and a decision regarding the applicant’s approval is formulated within 2 months.
      7. 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.

      Comparing Residency by Investment Countries

      Similar Citizenship by Investment Programs

      Application Options: Online or Through Migrate World

      Applicants can either submit their applications through the official online portal or use the services of a licensed company like Migrate World to help with the process, ensuring all required documents are in order and guiding you through each step of the application.

      Application Timeline

      The processing time is between 4 to 6 months

      Application Fee

      The application fee is €2,000 for the investor, plus €150 for each adult family member.

      Greece Golden Visa Price

      The Greece Golden Visa program requires the purchase of real estate( €250,000) , with various additional costs involved. Property transfer tax applies as a percentage of the property’s value. There is also a property registration fee and notary fees, which are calculated based on the property’s value. An application fee is charged for the investor, with an additional fee for each adult family member. Health insurance is also required for each applicant, with costs starting at a specific amount.

      Family Members Eligible for Greece Residency

      The main applicant can include:

      • Spouse
      • Children under 21
      • Children aged 21 to 24 years are granted an independent residence permit.
      • Dependent parents of the primary applicant or spouse

      Validity and Renewal for Greece Residency

      The Greek Golden Visa residence permit is valid for five years and can be renewed as long as the investment is upheld. Candidates are eligible to apply for permanent residency after seven years of continuous residence in Greece, but to renew or transition to permanent residency, they must continue to meet all the requirements as if applying for the first time.

      Greece Golden Visa Benefits

      • Enjoy the freedom to live, work, and study in Greece
      • Access to free healthcare and education
      • A path to EU citizenship
      • Visa-free travel within the Schengen Area
      • High returns, with yields averaging 3-5% annually
      • Fast processing time—within just 6 months

      Read more: 

      Greece Passport Visa-Free Countries

      How can the Migrate World Help You?

      Migrate World offers expert guidance in navigating the Greece Golden Visa application process. With extensive experience in immigration and investment, we provide personalized support tailored to each client’s unique needs and goals. Our services are designed to be both affordable and comprehensive, ensuring a smooth application experience from start to finish. Let our dedicated team handle every step, so you can focus on securing your future.

      Frequently Asked Questions

      Family members can be included in the Greece Golden Visa application. This includes spouses, children under 21, and and parents (including parents-in-law), all of whom can receive residency through the main applicant’s investment.

      Yes, Greece offers a Golden Visa program. It allows non-EU citizens to gain residency by making a qualifying investment, typically in real estate.

      Yes, Greece’s Golden Visa program is among the most affordable European residency programs. With a minimum investment of €250,000 in real estate, it offers one of the lowest thresholds for obtaining residency in the EU.

      The processing time for the Golden Visa application is typically between 4 to 6 months.

      Golden Visa holders can apply for a Greek passport after residing in Greece for at least seven years.

      Yes, you must retain ownership of the property to renew your investment residence permit; selling it is not allowed.

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