What is Greece Golden Visa Program?
WHAT IS THE GREECE GOLDEN VISA PROGRAM?
The Greece Golden Visa Program offers investors and their family members the opportunity to obtain a five-year residence permit by making a minimum real estate investment of €250,000. This program is designed for non-EU citizens and grants the right to freedom of movement within the Schengen Area without requiring residence in Greece. Applicants can renew their residence permits after five years as long as they maintain their investment, without any obligation to reside in Greece.
The Greece Golden Visa Program was initially launched in 2013 as part of Greece's economic recovery efforts. The Greek government aimed to attract foreign investment and stimulate capital inflows into the country. Over the years, the program has evolved through various updates in investment options and application procedures. With one of the lowest investment thresholds among real estate-based residence programs, Greece's Golden Visa has become a highly attractive option for international investors.
As of August 31, 2024, the Greece Golden Visa Program has introduced additional investment options while maintaining the €250,000 minimum investment threshold. This amount can be utilized for projects such as the conversion of commercial properties into residential units or the restoration of historical buildings. Additionally, higher investment options of €400,000 and €800,000 are available, allowing investors to participate in various real estate projects. Depending on the client's preferences, we present selected investment opportunities in collaboration with real estate developers.
Following the completion of the real estate investment and title deed transfer, investors typically receive their Greece Golden Visa residence card within six months. With the Golden Visa residence permit, applicants gain the right to reside in Greece for up to 365 days per year and stay in the Schengen Area for up to 180 days within any 12-month period. Holders of the Greece Golden Visa can enter Greece or any other European country without a visa, using only their residence permit card.
The Greece Golden Visa Program extends eligibility to family members, including spouses, children, and parents of both the main applicant and their spouse, without any age restrictions. This feature makes the program particularly attractive to investors seeking residence in Greece together with their families.
The residence permit granted under the Greece Golden Visa Program is valid for five years and can be renewed indefinitely, provided that the investment is maintained. There is no requirement to reside in Greece for renewal, meaning that investors can retain their residence permits without spending any time in Greece. As long as the ownership of the real estate investment is maintained, the residence permit can be extended every five years.
With its low investment threshold, the Greece Golden Visa Program stands out as a strategic option for investors seeking freedom of movement within Europe and a secure investment environment. The program not only grants investors and their families the opportunity to reside in a stable and secure European country but also provides visa-free access to the Schengen Area.
Moreover, the Greece Golden Visa Program offers both residence and the possibility of future citizenship, making it a long-term investment in financial security and a strategic gateway to Europe.