Greece Golden Visa Programs

Overview

Greece introduced a system in 2014 to grant residence permits to foreigners. Initially, this benefit was limited to specific groups ((L. 4251/2014 G.G. A 80), but it was expanded in 2019 to include a wider range of individuals.(L. 4605/2019)

General Scope

  1. The application process is streamlined, requiring minimal paperwork and only one visit to Greece.
  2. There are no restrictions on how long residents must stay in the country.
  3. Greek authorities do not require information or approval from the applicant’s home country.
  4. There is no need to involve Greek consulates abroad. Applicants can apply for a tourist visa and then submit their residence permit application upon arrival.
  5. Obtaining a residence permit does not result in additional taxes.
  6. Residents have access to public healthcare and education.
  7. The permit can be extended to family members, including spouses, children under 21, and parents.
  8. The initial permit is valid for five years and can be renewed if the required conditions are met.
  9. After seven continuous years of residency, individuals may apply for Greek citizenship.

Eligibility Criteria (Real Estate)

To qualify for a residency permit through property ownership:

  1. The Greek property market has experienced significant growth.
  2. Greece offers a competitive residency program compared to similar options in other European countries.
  3. Property owners can generate income through long-term or short-term rentals.
  4. The property requirement can be fulfilled by owning one or multiple properties, or by multiple individuals sharing ownership of a single property.
  5. Companies can own property, and shareholders may be eligible for residency permits.
  6. Property owners have full rights, including ownership of the land.
  7. There are no additional property taxes for foreign owners.
  8. Greece boasts a long-standing property law system providing robust legal protections.

Eligibility Criteria (Financial Contribution)

To qualify for a residency permit through a financial contribution:

  1. Greece maintains a stable banking system with a limited number of major banks.
  2. Banks offer a range of financial products.
  3. The financial contribution required is notably lower than similar programs in other European countries.
  4. There are no additional taxes beyond a standard 15% profit tax withheld by the bank.
  5. Individuals have complete freedom to transfer funds without restrictions.
  6. There are no additional fees or costs associated with the program.