Greece
Greece is considered the cradle of Western civilization, Greece features a vast number of islands – between 1,200 and 6,000, depending on the definition, 227 of which are inhabited – and is considered a non-contiguous transcontinental country. Crete is the largest and most populous island; Euboea, separated from the mainland by the 60 m-wide Euripus Strait, is the second largest, followed by Lesbos and Rhodes.
Golden Visa allows unlimited renewals every 5 years.
Visa-free travel to the Schengen member states.
No residency requirements to qualify for renewal. Must simply maintain the investment in the country.
Include spouse, dependent children, & dependent parents.
The Greek Golden Visa Program was introduced by the Government of Greece in 2013 to allow investors the opportunity to acquire residency by investing in Greece.
Golden Visa Permit Program
The Greece Golden Visa Program is one of the most affordable residency programs in Europe. Receive residency and travel visa free throughout the Schengen Zone in as little as 3-6 months. Applicants and their family are entitled to live in Greece, but are not required to reside in the country to maintain residency.
OPTION 1
REAL ESTATE (ACQUISITION)
MINIMUM INVESTMENT - €400,000 - €800,000 dEPENDING ON REGION
The investment must be made in a single property with a minimum area of 120 meters squared.
- Minimum investment is €800,000 in the following areas: Attica, Thessaloniki, Mykonos, Santorini, and Greek Islands with a population exceeding 3,100 inhabitants.
- For all other regions in Greece, the investment threshold is a minimum of €400,000.
Exceptions: Investors can qualify for the previous €250,000 pricing threshold if they submit a 10% deposit by August 31, 2024 and complete the investment by December 31, 2024. After this date, investors may qualify for the investment threshold of €250,00 with no limitation on property size for conversion of commercial properties to residential use or restoration/refurbishment of listed properties. Properties are prohibited from being sold until the change or use and/or restoration process is completed.
OPTION 2
REAL ESTATE (HOTEL ACCOMMODATION OR TOURIST RESIDENCE)
MINIMUM INVESTMENT - €400,000 - €800,000
Applicants may choose to lease a furnished tourist residence or hotel accomodation for a minimum of 10 years with a minimum value of €400,000 or €800,000 paid in full upon signing the contract (minimum property values according to region conditions outlined in Option 1).
OPTION 3
INVESTMENT IN SECURITIES OR BANK DEPOSIT
MINIMUM INVESTMENT - €500,000
Applicants may choose an intangible investment in Greece in the form of securities or a bank deposit at a minimum of €500,000. The categories of investment are:
- Capital investment in a company registered in Greece.
- Greek government bonds
- Bonds or shares of real estate investment companies
- Deposit in a Greek bank
- Corporate or government bonds (€800,000 minimum)
OPTION 4
BUSINESS INVESTMENT PROJECT
MINIMUM INVESTMENT - €250,000
Applicants may choose to invest in a project which has a positive impact on national development and the economy (ie. job creation, innovation, or promotion of domestic resources) as assessed by the Ministry of Development and Investments. Multiple investors may combine to make a joint investment, with each investor receiving residency if they meet the minimum investment of €250,000. In addition, company executives may receive residency depending on the overall company value.
| LOCATION: | Southeast Europe, Mediterranean Sea |
| CAPITAL CITY: | Athens |
| TOTAL AREA: | 131,957 km2 |
| TIME DIFFERENCE: | UTC+2 (Summer – UTC +3) |
| LANGUAGE: | Greek |
| RELIGION: |
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| GOVERNMENT TYPE: | Unitary parliamentary republic |
| CURRENCY: | Euro |
| GDP (PPP)(PER CAPITA): | $29,045 USD |
| POPULATION: | 10,569,703 |
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