Recidency by Investment
GREECE GOLDEN VISA
The Greece Golden Visa is one of the lowest-cost residency routes within the European Union.
Why Choose Greece?
Known as the cradle of Western civilization, Greece embodies the best of business and leisure, welcoming nearly 40 million tourists each year. Whether it is swimming in the turquoise seawaters of Zakynthos, enjoying a vibrant nightlife in Mykonos, or delving into the historical heritage of Athens, Greece is perfect for leisure and for building a desired life. As one of the most popular investment programs in Europe, the Greece Golden Visa Program offers access to a European oasis with arguably the most competitive investment options in the region.
Participating in the Greece Golden Visa Program provides numerous benefits, including the opportunity to acquire long-term residence status, a crucial step towards naturalization.
- Invest in a property with a minimum price of €250,000, which increases to €500,000 in certain areas as of August 1, 2023.
- Invest in financial products like corporate shares, bonds, government treasury bonds traded on regulated markets, and bank deposits. The initial investment amount is €400,000, rising to €800,000.
Real Estate Considerations: To maintain and renew their permits, applicants must retain ownership of their investments. Reselling the property or investment without replacement will nullify the permits. Multiple properties are allowed, provided their combined value meets or exceeds the minimum investment threshold. Joint ownership by spouses or multiple main applicants is also permitted, as long as each meets the minimum investment requirements. Properties can be rented to third parties without restrictions.
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Efficient Process:
The application process is swift, with approvals typically granted within 3-4 months. -
Renewable Residency:
Residency cards are renewable every 5 years for the main applicant and their parents, provided they maintain a property meeting the minimum investment thresholds. -
Immediate Visa:
Upon application, applicants receive a 1-year multiple-entry residence visa for Greece, which is canceled upon issuance of their residency cards. -
Property Tax Benefits:
Property purchases are exempt from VAT until the end of 2023. -
No Residency Obligations:
There is no requirement to reside in Greece, granting flexibility to visa holders. -
Inclusive Family Participation:
Spouses, children up to 21 years old, and parents of both the main applicant and spouse can also apply. -
Education Access:
Residency permit holders enjoy access to public education, including schools and universities, under the same terms as Greek nationals. -
Visa-Free Travel:
Visa-free access to 172 countries, including Schengen countries, is a valuable perk. -
Border Access:
Holders can enter and reside in Greece even when borders are closed. -
Top Retirement Destination:
Greece is ranked as the world’s number one country for retirement.
To qualify for the Greece Golden Visa Program, applicants must meet the following criteria:
- Be at least 18 years old
- Possess a valid passport.
- Enter Greece legally.
- Fully complete the property purchase.
-
Efficient Process:
The application process is swift, with approvals typically granted within 3-4 months. -
Renewable Residency:
Residency cards are renewable every 5 years for the main applicant and their parents, provided they maintain a property meeting the minimum investment thresholds. -
Immediate Visa:
Upon application, applicants receive a 1-year multiple-entry residence visa for Greece, which is canceled upon issuance of their residency cards. -
Property Tax Benefits:
Property purchases are exempt from VAT until the end of 2023. -
No Residency Obligations:
There is no requirement to reside in Greece, granting flexibility to visa holders. -
Inclusive Family Participation:
Spouses, children up to 21 years old, and parents of both the main applicant and spouse can also apply. -
Education Access:
Residency permit holders enjoy access to public education, including schools and universities, under the same terms as Greek nationals. -
Visa-Free Travel:
Visa-free access to 172 countries, including Schengen countries, is a valuable perk. -
Border Access:
Holders can enter and reside in Greece even when borders are closed. -
Top Retirement Destination:
Greece is ranked as the world’s number one country for retirement.
- Be at least 18 years old
- Possess a valid passport.
- Enter Greece legally.
- Fully complete the property purchase.
- Invest in a property with a minimum price of €250,000, which increases to €500,000 in certain areas as of August 1, 2023.
- Invest in financial products like corporate shares, bonds, government treasury bonds traded on regulated markets, and bank deposits. The initial investment amount is €400,000, rising to €800,000.
About Greece
South Eastern Europe, on the southern tip of the Balkans
Capital
Athens
Difference
UTC + 3
Currency
Euro
Languages
Greek
Exchange Rate
1 EUR = 1.07 USD
Total Area
131,957 sq. km.
Your Journey to International Citizenship
Your Path to Global Citizenship, Simplified by Elite Invest
Step 01
Client shares passport copies for pre-screening
Step 02
Once cleared, we prepare a retainer agreement for signing
Step 03
Elite Invest assists client with preparation of documents
Step 04
Purchase of property & Opening of Bank account
Step 05
Document submission
Step 06
Letter of approval
Step 07
Biometrics
Step 08
Golden Visa Card
FAQs
The application process is efficient, with approvals typically granted within 3-4 months.
Yes, residency cards are renewable every 5 years for the main applicant and their parents, provided they maintain a property meeting the minimum investment thresholds.
To maintain and renew their permits, applicants must retain ownership of their investments. Reselling the property or investment without replacement will nullify the permits. However, properties can be rented to third parties without restrictions.