Greece

Summary

About Greece

About Greece

Greece’s pleasant Mediterranean climate, cosmopolitan cities and exceptional approach to hospitality have lured many high net worth individuals into making this beautiful country their second home. Investors and their families can obtain permanent residence status in Greece through the Programme, even while maintaining alternative residence elsewhere. Under the Programme, permanent residence status is subject to renewal every five years.

Greece is a country in south-eastern Europe with thousands of islands throughout the Aegean and Ionian seas. Influential in ancient times, it’s often called the cradle of Western civilization. Athens, its capital, retains landmarks including the 5th-century B.C. Acropolis citadel with the Parthenon temple. Greece is also known for its beaches, from the black sands of Santorini to the party resorts of Mykonos

Greece Golden Visa Programme

Known as the Greece Golden Visa Programme, Greece’s Residence by Investment Programme has been in operation since 2014 and is considered one of the most affordable programmes that provides access to Europe. The Programme is the ideal solution for non-EU, EEA, or Swiss nationals seeking the freedom to live, undertake business, and study in Greece, or to travel across the Schengen Area.

General Requirements

To be able to apply for this program, you should:

  • Be at least 18 years of age
  • Be in good health
  • No criminal record
  • Valid Schengen Visa
  • Have sufficient funds to make the investment
  • Health insurance policy covering the entirety of the residence period
  • Travel requirement to supply biometrics for investor and all family members
  • Permit must be renewed every five years
  • No interview requirement
  • No language requirement for residence
  • Applicants should be third country nationals (i.e. non-EU, EEA or Swiss)

Which family members can I include in my application for residence?

The following family members may accompany the main applicant and can each receive individual residence permits, subject to the validity of the main applicant’s permit:

  • Spouse (for same-sex couples the marriage must also be legalised in Greece)
  • Children, whether biological or adopted, of the main applicant or of the spouse, if aged under 21
  • Parents of the main applicant or of the spouse

Benefits:

There are a number of key advantages for those applying to the Greece Golden Visa Programme, including:

  • The right to live, work, study, and undertake business in Greece
  • High levels of safety and security, excellent education opportunities, and robust healthcare options
  • Immediate permanent residence, subject to renewal every five years
  • Ability to include family members in an application (married spouse, children of the main applicant or spouse under 21 years old, and parents of the main applicant or spouse)
  • Eligible for citizenship after 7 years of physical presence in Greece, subject to the fulfilment of other criteria (including language requirements)
  • Global Mobility

The most popular option under the Greece Golden Visa Programme is the real estate option.

Real Estate

Applicants may obtain permanent residence in Greece through the purchase of real estate with a minimum value of €250,000, plus the applicable taxes and fees.

The investment may be performed from the investor’s Greek bank account or by direct wire transfer from abroad.

Additionally, the following fees apply:

  • Entry Visa Application Fees (dependent on country of choice)
  • Residence Permit Issue Fees:
    • Main applicant: €2,000
    • Family members (other than minors): €150 (each)
  • Printing Fee (€16 per permit)
  • Fees and taxes associated with the purchase of real estate
  • Annual property tax

Permit Renewal Fees and a Printing Fee also apply for applicants who wish to renew their permit, as follows:

  • Permit Renewal Fees:
    • Main applicant: €2,000
    • Family members (other than minors): €150 (each)
  • Printing Fee (€16 per permit)

Greek Citizenship:

The Greece Golden Visa Programme allows applicants to obtain permanent residence in Greece, however upon the fulfilment of certain requirements, residents may be eligible for citizenship after seven years of physical presence in Greece.

After residing in Greece for seven years, applicants can apply for Greek citizenship. Requirements for naturalisation include having a permanent home in Greece, being part of the local community, and having the ability to speak Greek.

Once naturalised, new citizens can then apply for a Greek passport. Greece is a member of the European Union, which means that Greek citizens are also European Union citizens. They may be allowed to live, work, or study in the European Union, EEA, and Switzerland.

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