CITIZENSHIP​

Greece

Greece offers a Residency by Investment programme, commonly known as the “Greece Golden Visa,” which was launched in 2013. This programme allows non-EU nationals to obtain residency permits through investment in Greek real estate or other qualifying investments; providing a gateway to living in Greece and travel within the Schengen Area.

Key Features of Greece’s Golden Visa Programme:

Investment Options:

  • Real Estate Investment: Purchase property in Greece with a minimum value of €250,000. This is the most popular and straightforward option.
  • Timeshare or Lease Agreement: Sign a timeshare agreement or lease property for a period of at least 10 years, with a minimum contract value of €250,000.
  • Investment in a Company: Invest in a company based in Greece. The specifics of this investment option can vary and it’s advisable to consult with legal experts on the details.

Residency Requirements:

  • There is no minimum residency requirement to maintain the Golden Visa. Investors are not obliged to live in Greece, making it highly flexible for those with international commitments.
  • To apply for permanent residency and/or Greek citizenship, more stringent physical presence requirements must be met, typically involving substantial time spent in Greece.

Application Process:

  • Initial Consultation: Work with authorised legal advisors or agents to understand the requirements and process.
  • Document Preparation: Gather necessary documents, including proof of investment, valid passport, clean criminal record, health insurance and proof of financial means.
  • Investment: Make the qualifying investment in line with one of the eligible options.
  • Application Submission: Submit the completed application at the local Alien and Immigration Department in Greece or at a Greek consulate in your home country.
  • Approval Process: The Greek authorities review the application and upon approval, issue a residency permit. The initial residency permit is valid for five years and is renewable every five years as long as the investment is maintained.

Processing Time:

  • The processing time is typically around 2-3 months from the submission of the application to the approval.

Benefits:

  • Visa-Free Travel: Golden Visa holders can travel visa-free within the Schengen Area for up to 90 days within any 180-day period.
  • Family Inclusion: The main applicant’s spouse, children under 21, and dependent parents of both the main applicant and their spouse are also eligible for residency permits.
  • No Minimum Stay Requirement: There is no minimum stay requirement to maintain the Golden Visa, providing flexibility for applicants.
  • Path to Permanent Residency and Citizenship: After seven years of continuous residency in Greece and fulfilling other requirements, investors may apply for Greek citizenship and consequently an EU passport.
  • Access to Public Services: Golden Visa holders have access to Greece’s public healthcare and education systems.
  • Quality of Life: Greece offers a high quality of life with its Mediterranean climate, rich cultural heritage, stunning landscapes and excellent cuisine.

Residency Renewal:

  • To renew the residency permit, the applicant must maintain the investment and provide proof of compliance with the programme’s requirements.
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