Greece Golden Visa Program
The Greek Golden Visa Program, which was put into effect in 2013, provides investors with a residence permit in exchange for real estate investment. Spouse and children under the age of 21 can also benefit from the residence permit in applications made for the family, and the program does not require spending time in Greece. The residence permit is granted for 5 years and can be renewed every 5 years as long as the investor owns the investment.
The residence permit in Greece is issued by the official Greek authorities and ensures that the holder of the residence permit officially resides in the country. It is possible to obtain this residence permit following a real estate investment of at least €250,000.
As a real estate owner of only 250,000 €, it is possible to obtain a renewable 5-year residence permit in Greece for yourself, your spouse, your children under the age of 21, your parents and your spouse’s parents. Even the beauty of the country is enough to live in Greece, which is one of the most popular holiday destinations in the world with its thousands of years of history and magnificent climate, but the Greece Golden Visa Program offers much more than that.
The Most Advantageous Golden Visa Program
Compared to other Golden Visa Programs in Europe, Greece Golden Visa Program is much simpler, cheaper and faster. You can obtain your 5-year residence permit in a very short time, even if you provide the necessary documents, following a real estate investment of more than € 250,000.
Residence permit obtained through investment also includes the spouse and children under the age of 21 of the applicant. This residence permit provided by the Golden Visa Program includes many rights such as working, benefiting from health and education services. In order to live a safe life at European standards with your spouse and children, it is enough to buy a real estate in Greece with the required amount.
Free Movement in Europe
One of the main benefits of having a legal residence permit in Greece, which is a member of the European Union, is that it provides easy visa-free entry to all countries in the Schengen document. The Greek Golden Visa Program is a very attractive method even just to gain permanent freedom of movement within Europe.
Another convenience of the residence permit provided by Greece through investment for investors is that it does not require spending time in the country for the protection of the residence permit. The value of the Greek real estate market is steadily increasing every year. If you only want to invest for profit, Greece is also a very attractive option for those who want to buy investment property, as it does not require you to be in the country.
Investment Options for Greece Golden Visa Program
- Investing in real estate worth at least 250,000 €,
- Rental agreement made to stay in hotels or resorts for at least 10 years,
- Purchase of at least €800,000 worth of bonds from the Greek government, with a minimum holding of 5 years,
- At least € 400,000 worth of stocks purchased from real estate investment companies with a minimum holding of 3 years,
- Have a deposit account of at least €400,000 in a Greek bank.
Frequently Asked Questions
What is the Most Appropriate Option to Obtain A Residence Permit In Greece?
Although the most suitable investment option changes in line with the purpose and possibilities of the investor, the most preferred and generally the most suitable method is to buy a house worth at least 250,000 €.
How to Become A Citizen of Greece with The Golden Visa Program?
After obtaining a Golden Visa, it is possible to get a second citizenship in Greece, but the Golden Visa Program does not offer an easier alternative than the normal citizenship process. You have to spend at least 7 years in Greece to a very large extent. In current practice, it takes 1-2 years for the citizenship application and approval process.
Do I Have to Make 250,000 € worth of ınvestment on a single property?
No, you can apply directly as your own person or through a legal entity in which you own all the shares, as long as the total value of more than one real estate you own exceeds 250,000 €.
Can I Apply on Joint Ownership?
In case of joint ownership, each of the partners must have invested at least 250,000 €. The only exception to this situation is subsidiary ownership by married couples without specified shares. A joint purchase with your spouse giving you a say in the entire property is sufficient for a total of at least 250,000 €.
Does Greece Golden Visa Program Give Visa-Free Travel within Schengen Zone?
You can travel as much as you want in all Schengen countries without a visa. You also do not need a visa. For non-Schengen countries such as the UK, you still need a visa.
How long ıs the duration of Golden Visa?
The residence permit obtained with the Greece Golden Visa investment is valid for 5 years. After the 5th year, the residence permit can be renewed unlimitedly in 5-year periods.
Investors who want to invest in Greece and obtain a residence permit with the golden visa program can also get it within the scope of migriva‘s Residency by Investment Programs services.