All About Greece Golden Visa

Multiple districts in Attica will become more expensive for foreign investors  to obtain a residence permit through the Golden Visa program. 

According to the amendment submitted to Parliament, the minimum investment limit to secure the  license will be doubled from  €250,000 to €500,000 in the central, northern and southern sector of Attica, in the Municipality of Thessaloniki, on Mykonos and Santorini islands.

Nothing changes in Eastern sector of Attica, Piraeus area and the rest of Greece as the current threshold of €250,000, with the possibility of acquiring more than one property, will continue to apply.

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For now to 30th April 2023 , the Greek Golden Visa Program grants a five-year residence permit as long as the investors pay 10% of a €250,000 real estate investment in Greece, which is known the lowest investment amount required within EU. You can include your family in the residency program. The residence permit granted to the non-EU/EEA citizens does not entitle them to work in Greece.

Starting from 1st of May 2023, only particular area of Attica (including Piraeus) stays €250,000 and Multiple districts in Attica would double to €500,000. 

• The right for you and your family (parents, spouse and children under the age of 23) to live in Greece without any limitation, no maximum or minimum stay  
• Access to public healthcare and education system
• Visa free travel across the Schengen zone

• Non-EU/EEA country citizens 
• Main Applicant needs to be at least 18 years of age
• Kids need to be under 20 years old if he or she applies the visa first time  
• Without criminal record

• A minimum of €250,000 purchase of a real estate property in Greece. The amount can be equal to the value of one property or multiple ones as long as the total value is no less than €250,000. The real estate property must be owned by you. If you’ve acquired the property through a legal entity, you must own 100% of the company shares.  
• A minimum of €400,000 investment in                                

          > Greek government Treasury bonds

          > Capital contribution to a real estate investment companies in Greece

          > Capital contribution to a venture capital company or venture capital fund

          > Capital constitution to a company headquartered or established Greece.

          > Purchase of shares in mutual fund

• A minimum of €400,000 term deposit in a Greek credit institution, for at least one year, with a standing renewal order

• Discuss with us to decide the investment route or select the property if you decide to invest Greek property
• Obtain a Greek non- Resident tax number, open a Greek bank account and purchase local medical insurance
• Complete the acquisition of the property or other investment means
• Prepare the required documents for pre-submission
• Receive temporary residence card, which is valid for 1 year 
• Visit Greece within 6 months to submit all the biometric data 
• Receive official residence card

It usually takes 2-6 months to complete all process. 

Non-EU citizens who have made an investment for the Greek Golden Visa program, can apply for a residence permit through a proxy, without the obligation to previously visit Greece. The Power of Attorney for the appointment of a proxy, must be signed before a Greek Consular authority. The non-EU citizen, must enter Greece within 6 months from the date of the confirmation of the temporary residence card, in order to submit the biometric data to have official residence card.

You may renew your Golden Visa residence permit every five years. You must fulfill the above conditions to be able to renew at the end of each five years.

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