Greece Golden Visa by Investment

Greece is a strategically located country at the crossroads of Europe, Asia and Africa. It is known for its charm and beauty and is considered the cradle of Western civilization. Greece is the birthplace of democracy, Western philosophy, the Olympic Games, major scientific and mathematical principles, and Western drama including both tragedy and comedy. 18 UNESCO World Heritage Sites also reflect Greece’s rich legacy. Greece offers a good quality of life to its residents.

Taxes in Greece are burdensome compared to other tax regimes. A residence permit in Greece allows for visa-free travel to all countries of the Schengen area and is applicable to the whole family with no requirements to reside in Greece.

The purchase of a single or multiple properties to a value of at least €250.000 value plus VAT is reasonable when compared with other investment programs. A residence permit is renewed every five years under the condition that the applicant continues to be the owner of that particular property or any other properties of the same value.

Greece Golden Visa features
Visa Type	Residence permit
Time Frame	2 months
Requirements	Option 1: Real estate of €250.000 for a residential property, or equivalent investment in either a timesharing agreement with a duration of at least 10 years or lease of at least 10 years of hotel facilities or furnished homes in combined tourist facilities, no criminal record, medical certificates, travel insurance Option 2: Capital contribution with a minimum value of EUR 400,000 (a) to a company that has its registered office or establishment in Greece, (b) to a real estate investment company that will invest exclusively in Greece, (c) to a closed-end investment company for the acquisition of shares or to a closed-end mutual fund, Option 3: Purchase of bonds, corporate bonds or shares with a minimum acquisition value of EUR 400,000.
Minimum Investment	€250.000
Taxation	Personal Income Tax rate 22% - 45%; Corporate Tax rate 28%
Years to qualify for Citizenship	7 years
Language for Citizenship	Yes
Permanent Residence	Yes
Renewal	Every 5 years
Dual Citizenship	Yes

Procedure for the real estate option

Step 1: Visit Greece

To start the process, the applicant must visit Greece, entering the country with a valid visa from their country of origin. During this visit, the applicant will open a local bank account and be issued with a local tax identification number. They may then assign a legal representative to conclude the rest of the process, including the signing of a purchase contract, the handling of banking and tax matters, and the submission of the application on their behalf. Only the main applicant is needed at this stage.

Step 2: Choose the preferred property

The applicant must acquire a property for a minimum amount of at least EUR 250,000 plus the applicable taxes. This real estate acquisition may be limited to a single property or include multiple properties. Aside from residential and commercial properties, applicants can also purchase land.

Step 3: Submission of the application

Once the applicant has collected all the necessary supporting documents and paid the application fee, the completed application must be submitted.

Step 4: Final verification

Once the application has been verified and approved, the applicant will be invited to Greece for biometric capturing, after which the residence permit can be issued.

Greek Citizenship Route

The applicant may apply for citizenship according to the Greek Nationality Code via the process of naturalization, upon residing in Greece for seven years.