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Greece Golden Visa Program

Learn about the Greece Golden Visa Program, offering residency through affordable investments. Explore benefits, eligibility, and application steps for European residency.

Sophia Reynolds by Sophia Reynolds
December 31, 2024
Reading Time: 4 mins read
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Greece Golden Visa Program

Greece Golden Visa Program

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The Greece Golden Visa Program is one of the most affordable and popular residency-by-investment schemes in Europe. Designed to attract global investors, the program grants residency to non-EU citizens who invest in Greek real estate or other eligible assets. With its rich history, Mediterranean lifestyle, and access to the Schengen Zone, Greece is an ideal destination for investors and their families seeking European residency.

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What is the Greece Golden Visa?

The Greece Golden Visa is a residency permit offered to non-EU nationals in exchange for qualifying investments in Greece. It provides visa-free access to the Schengen Area, long-term residency in Greece, and the option to renew the permit every five years as long as the investment is maintained. Additionally, it allows applicants to include their immediate family members under the same application, making it a comprehensive solution for families.

Eligibility Criteria for the Greece Golden Visa

To qualify for the Greece Golden Visa, applicants must meet the following requirements:

1. Real Estate Investment

The most common route to obtaining a Greece Golden Visa is through real estate investment. Applicants must invest a minimum of:

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•€250,000 for properties located in eligible regions until February 29, 2025.

•€500,000 in high-demand areas like Athens, Thessaloniki, Mykonos, and Santorini for new applications starting in 2025.

2. Alternative Investment Options

In addition to real estate, applicants can qualify through:

•Investing a minimum of €400,000 in Greek government bonds or shares in Greek companies.

•Depositing €400,000 in a Greek bank for at least one year.

3. Proof of Financial Stability

Applicants must demonstrate that they can sustain themselves and their family members without relying on public funds in Greece.

4. Clean Criminal Record

All applicants are required to pass a background check proving no criminal history.

Who Can Be Included in the Application?

The Greece Golden Visa is family-inclusive, allowing the following family members to be added to the application:

•Spouse or legal partner.

•Children under 21 years of age.

•Dependent parents of the applicant or their spouse.

Benefits of the Greece Golden Visa

The Greece Golden Visa program offers numerous benefits that make it one of the most attractive residency programs in Europe:

1.Affordable Investment Threshold

Starting at just €250,000, it is one of the lowest in Europe, making it highly accessible to a broad range of investors.

2.Schengen Area Access

Residency in Greece grants visa-free travel to 27 Schengen countries, enhancing global mobility for business and leisure.

3.No Minimum Stay Requirement

Unlike many other programs, Greece does not require Golden Visa holders to reside in the country, offering maximum flexibility.

4.Pathway to Permanent Residency and Citizenship

After seven years of residency, applicants may apply for Greek citizenship, provided they meet residency and language requirements.

5.Family Benefits

Family members included in the application enjoy the same residency rights, with no additional investment required.

6.High-Quality Lifestyle

Greece offers a Mediterranean climate, world-class healthcare, and a vibrant culture, making it an ideal destination for families.

pplication Process

The application process for the Greece Golden Visa is straightforward and transparent:

1.Choose Your Investment

Applicants must select a qualifying investment, such as purchasing property or investing in financial instruments.

2.Prepare Documentation

Required documents include:

•Proof of investment.

•Valid passports for all applicants.

•Health insurance covering Greece and the Schengen Zone.

•Clean criminal records.

3.Submit the Application

Applications must be submitted to Greek authorities, either in person or through an authorized representative.

4.Processing and Approval

The approval process typically takes two to three months, after which the residency permits are issued.

5.Renewal

Residency permits are renewable every five years, provided the investment is maintained.

Why Invest in Greece?

Greece is a country rich in history, culture, and natural beauty. Its strategic location between Europe, Asia, and Africa makes it a hub for business and travel. The country’s thriving real estate market, competitive cost of living, and access to the Schengen Zone further enhance its appeal as a residency destination.

Additionally, Greece has seen significant growth in its real estate sector, offering investors the potential for strong rental yields and long-term capital appreciation. The Golden Visa program is an excellent opportunity for those looking to diversify their investments while securing European residency.

The Greece Golden Visa Program is an exceptional opportunity for investors seeking affordable and flexible residency in Europe. With its low investment threshold, family inclusivity, and access to the Schengen Area, it stands out as one of the most attractive residency-by-investment programs globally.

For detailed information about eligibility, investments, and the application process, consult with a certified advisor or visit the official Greek immigration website.

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Sophia Reynolds

Sophia Reynolds

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