Investment Options of Greece Golden Visa
There are several investment types that qualify you for a Greece Golden Visa. These include real estate and government bonds investment.
Real Estate Investment
- A minimum of €250,000 to purchase a real estate property in Greece except in municipalities in Athens, Thessaloniki, Mykonos, and Santorini. This can be invested in one or across multiple properties.
- A minimum €500,000 to purchase a real estate property in municipalities in Athens, Thessaloniki, Mykonos, and Santorini as of July 31st, 2023. This needs to be invested in one (1) single property.
- 10 years of a lease agreement, whether signed for hotel accommodations or furnished tourist residences in integrated tourist resorts
Other Investment Options
- A minimum of €400,000 investment in
- Greek government bonds
- Bonds or shares of real estate investment companies in Greece
- Shares and bonds of venture funds and private equity which have headquarters in Greece
Conditions
If you chose to proceed with the purchase of a property:
- The real estate property must be owned by and still in possession of you;
- If you’ve acquired the property through a legal entity, you must own 100% of the company shares.
If you’ve opted to sign a lease of hospitality accommodation:
- The contract must cover a minimum duration of 10 years and €250,000 in rental amount;
- The contract must require a single payment of the rent for the equivalent of the ten-year leasing of the property.
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.
Golden Visa Greece Program Steps and Timeline
The Greek Golden Visa application process has a fairly straightforward order.
Step 1. Speak to Get Golden Visa Team and Choose Your Property
To complete this step, you’ll need to determine the investment criteria and select the property you’d like to invest in. You can choose various features to invest in so long as the added value thereof is equal to or above the minimum investment amount (€250,000 or €500,000 depending on the location). Our team can help you find the property that suits your needs.
Step 2. Follow Legal Steps
This step can be completed by obtaining a Greek Non-Resident Tax number and opening a Greek bank account. And as an optional step, you can have the execution of power of attorney.
Step 3. Acquire the Property
This step consists of executing the ‘Legal Due Diligence’ of the property by a lawyer on your behalf. After which, you’ll need to acquire the promissory sale and purchase agreement and the execution of a public deed.
Step 4. Start Your Application
To get through this step, you’ll need to prepare all the required documents regarding the Golden Visa application. Usually, hiring a lawyer is a smart idea because this might be overwhelming.
Step 5. Visit Greece
Here you’ll need to submit all the biometric data to the relevant authorities in Greece.
Step 6. Get Your Greece Golden Visa Approval
The authorities do this step, your Golden visa application will be approved, and then you’ll be issued a Golden Visa Residence Card.
Step 7. Renew Your Golden Visa in Greece
Every five years, you can apply to renew your Golden Visa residence card, making it easy to access permanent residence.
Step 8. Apply For Citizenship
Living there for seven years and paying taxes would make you eligible to apply for citizenship and a Greek passport. However, this is an opportunity with not much information on it.
As Get Golden Visa team, we’re here to guide you through your Greece Golden Visa journey.
How long does it take to get a Greece Residence Visa?
The Greece Golden Visa typically takes 3 to 5 months to process, but the exact timeline may vary depending on various factors.
