Golden Visa Program in Greece

Purpose

Launched in 2013, the Greek Golden Visa Program aims to attract foreign investment into Greece by offering permanent residency in exchange for qualified investments. This initiative serves to boost the economy, generate revenue, and revitalize specific sectors like tourism and real estate.

Eligibility Criteria:

You must be a non-EU citizen aged 18 or above.

You must make a qualified investment of at least €250,000 (increased to €500,000 in specific areas since July 2023). Options include:

• - Real estate purchase (residential or commercial)
• - Government bonds
• - Listed shares in Greek companies
• - Strategic investments approved by the government (minimum €500,000)

You must provide proof of sufficient funds to support yourself and any dependents in Greece.

You must have a clean criminal record.

Benefits:

Permanent residency permit: Valid for 5 years, renewable indefinitely upon fulfilling specific requirements.

Visa-free travel: Freedom to travel within the Schengen zone (26 European countries) without a visa.

Family reunification: Spouse, children, and even parents can be included in the application.

Path to citizenship: After 7 years of permanent residency and fulfilling specific criteria, you can apply for Greek citizenship.

Potential for rental income: Generate income by renting out your investment property (if applicable).

Favorable tax environment: Non-domiciled residents enjoy tax benefits.

Requirements and Restrictions:

You must maintain your qualified investment for the duration of the residency permit.

There is no minimum stay requirement in Greece, but you must visit the country at least once every 2 years to maintain the permit.

You cannot work in Greece without obtaining a separate work permit.

Several application fees and legal costs are associated with the program.

Additional Notes:

Our agency specializes in assisting with the Golden Visa application process.

Thorough due diligence is recommended before making any investments.

The program is subject to change, so staying updated on any revisions is crucial.