GOLDEN VISA / Residence permit for investors
The Greece Golden Visa Program is a residence-by-investment program that allows non-EU citizens and their family members to obtain permanent residence permit in Greece. To qualify, you must invest a minimum amount of €250,000. The permit is valid for five years and can be renewed indefinitely.
You can include your spouse, children under 21, and parents in your residency application.
NEW RULES for the Greece Golden visa have been implemented since September 2024.
As of Article 64 of Law 5100/2024, the Greek government introduced new investment restrictions into three main price tiers, based on property location and type.
To qualify for the Golden Visa program, the minimum property value threshold is set at:
- €800,000 in a single property of at least 120 sq.m. in regions of Attica (including Athens), Thessaloniki, and all islands with a population of more than 3,100 such as Mykonos, Santorini, Crete.
- €400,000 in a single property of at least 120 sq.m. in other areas of Greece.
Based on the same legislation, the minimum amount of investment remains at €250,000 in the following cases:
- Property where a conversion to residential use is permitted. Such a property is exempt from the minimum area and region requirements.
- An industrial building or part of it, if it has not operated as such for the last 5 years. The change of use must have been completed before the submission of the application for the residence permit.
- A building or part of a building under maintenance to be restored or renovated and if the restoration or renovation is completed.
These properties are not permitted to be used as the headquarters or branch of a company.
Rental restrictions: Short term rentals of Golden visa properties are prohibited, including subleasing. It is unclear if this restriction will be applied to existing Golden Visa holders.
To be qualified you will have to prepare the following documents:
- Passport with a valid visa of any Schengen member country.
- Purchase and sale agreement of the property and the certificate of the agreement’s registration in the competent Land Register.
Or
- Purchase and sale agreement of an agricultural plot and a construction contract for the construction / reconstruction of a residential property, registered with the tax authority, a building permit issued in the name of the applicant, Invoices of the builder / constructors and the corresponding receipts of payment.
Full payment of the purchase cost has to be maid via bank transfer.