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at a glance
Golden Visa
The Greek Golden Visa is a five-year residency visa, potentially leading to Greek citizenship. It is available to citizens of third countries, outside the E.U., who legally enter or live in Greece, and either buy property of a specific value, invest a specific amount in Greek real estate, or deposit a specific amount to a Greek bank.
Our team is well prepared to effectively guide you through the process that best serves your needs and wishes.
Golden Visa explained
The Golden Visa is a five-year residency visa and can be renewed every five years, provided the investment stays under the ownership of the visa holder throughout the duration of visa irrespective whether the holder had been physically present in Greece or not. Family members of the main applicant/investor, including the spouse, children of either spouse under 21 years of age, and the spouses’ parents, are entitled to the visa.
During the visa validity period, the visa holder and the family members may travel in the European Union Schengen area for up to 3 months every 6 month-time-period, with multiple entrances.
This visa does not grant permission for work in Greece. A narrow exception allows the investors to set up a company as a shareholder or a CEO.
There are a number of documents required for the issuance of the visa including, clear background checks, medical clearance, evidence of family status and relationships. Note that documents issued outside Greece will need to have Apostille authentication and be translated into Greek by the Greek Ministry of Foreign Affairs or a qualified Greek lawyer.
Investment Values
For the Region of Attica, the Regional Units of Thessaloniki, Mykonos, Santorini and islands with populations exceeding 3,100 inhabitants, the minimum value of real estate at the time of acquisition is set at 800.000€. For all other regions of the country, the minimum value of real estate at the time of acquisition is set at 400.000€
The investment must be carried out in a single property with a minimum surface area of 120 square meters.
Conversion from commercial to residential use or restoration of listed buildings for Golden Visa eligibility maintains a 250.000€ minimum investment requirement, regardless of property size or location.
Applicants who already own property may qualify for Golden visa, provided that the value of the property has been, or currently is matching the threshold of the investment.
Real Estate
The Golden Visa real estate owner can hold title under their name, or jointly with their spouse. Title can also be held under a legal entity fully owned by the applicant.
Details of payment should be mentioned in the conveyance Deed. The investment value should be paid through a personal non-transferable bank check or a bank transfer to the seller’s account in Greece.
If the Golden Visa holder decides to sell the investment property, they will have their visa revoked, while the new owner may be entitled to a visa.
April 2024
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