GREECE
RESIDENCY BY INVESTMENT
GREECE RESIDENCY BY INVESTMENT
The government introduced the Greek Residency by Investment program in 2013. Applicants are granted a five-year residency, which is renewable every five years. The program provides a straightforward residency route with no stay requirement.
To apply for this program, you must be at least 18 years old, in good health, and have no criminal record.
Furthermore, you must invest in real estate through a purchase, lease, or timeshare agreement.
Main Applicant Requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Confirmed investment sources
Eligible Dependents
- Spouse of the main applicant
- Children (biological or adopted) under 21 years of age
- Dependent parents
DOYEN INTERNATIONAL IS YOUR TRUSTED PARTNER TO OBTAIN THE GREEK GOLDEN VISA
Doyen International ensures the highest success rates through experience and a proven track record with various governments. Every year, we help hundreds of individuals and families obtain a second residency or citizenship through investment. Doyen International successfully served clients from countries around the world. Most importantly, we take a long-term approach to ‘client-advisor’ relationships and commit to our clients for life.
ABOUT greece
CAPITAL
ATHENS
TOTAL AREA
131,957 KM²
POPULATION
10.75 MILLION
LANGUAGE
GREEK
CURRENCY
EURO (EUR)
GDP TOTAL
USD 217.6 Billion
PROGRAM OVERVIEW
MINIMUM INVEST
N/A
MINIMUM INVEST
€250,000 Real Estate
TIME TO CITIZENSHIP
3 Months
VISA-FREE ACCESS
29 Countries
GREECE RESIDENCY BY INVESTMENT BENEFITS
Freedom of movement
As a permanent resident of Greece, you are entitled to freedom of movement in the Schengen area.
Health & Education
You will enjoy access to world-class healthcare systems, have the right to attend schools and universities in Greece.
Guaranteed by law
The program is based on the law & is guaranteed by the government since 2013.
Top location
Strategically located, beautiful natural environment, safe country and sunny Mediterranean climate.
COSTS OF GREECE RESIDENCY BY INVESTMENT
Applicants seeking Greek permanent residency need to fulfil certain criteria to qualify
1. REAL ESTATE
Minimum Investment for Administrative Region of Attica
EUR 800,000
Minimum Investment for All other regions of Greece
EUR 400,000
Minimum Investment for Restoration
EUR 250,000
GREECE Visa-free Countries
The Greek Permanent Residency allows residents to travel visa-free to all 29 Schengen countries.
Application Process For GREECE RESIDENCY by Investment
The application process is expected to last three months. The first stage of document collection can vary in length depending on the applicant’s ability to gather the necessary documents. Our team facilitates this process by providing samples and best practice advice. The reviewal stage is subject to the relevant Government schedule and may be influenced by factors over which we, as authorised agents, have no control. Doyen International works with the government throughout the process, and we strive to provide the quickest and smoothest experience for the applicant.
FAQs
Frequently Asked Questions
What is the validity period of a Golden Visa in Greece, and can it be renewed?
The Greek Golden Visa is valid for five years and can be renewed indefinitely provided the investment is maintained. Unlike many other Golden Visa programs, Greek residency is not required for renewal. Because the visa has no set expiration date, it is frequently considered a form of permanent residency. After seven years of continuous residency in Greece, those who choose to live there can apply for citizenship.
Do I need to speak Greek to qualify for a Golden Visa in Greece?
You do not need to speak Greek to qualify for a Golden Visa in Greece. If you intend to apply for Greek citizenship after seven years in Greece, you must complete Greek language and civic tests.
Can I work in Greece with a Golden Visa?
Obtaining a Golden Visa in Greece or any other EU country does not provide the right to work or take up employment. Unfortunately, the Greek investor visa does not entitle the holder to seek employment in Greece. Nevertheless, there are alternative means to make revenues, such as renting the property purchased or earning interest on the investment made.
What happens if my investment in Greece fails or loses value?
If your investment in Greece fails or loses value, you may suffer financial losses and have difficulty recovering your investment. The Greek Golden Visa program requires a qualifying investment in real estate or government bonds; if the investment fails or loses value, you risk losing your residency permit.
Are there any tax implications for investors under the Golden Visa program in Greece?
Under the Greek Golden Visa program, investors can maintain their non-Greek tax residency while paying taxes only on income earned in Greece, not elsewhere. Greece also has a “non-domicile” program for those who live elsewhere but are still Greek residents, which imposes a €100,000 flat tax on shipowners, businesses, and retired foreign investors over a 15-year period. Furthermore, the Greek double taxation treaty exempts income earned outside of Greece from taxation while living in Greece. However, rental income from real estate in Greece is taxed at a progressive rate ranging from 15% (for incomes up to €12,00) to 45%.