Guide to the Greece Golden Visa

The Greece Golden Visa Residency Program

Greece is a member state of the EU and offers reassuring benefits such as high levels of safety and security, excellent education opportunities, and robust healthcare options.

Greece Golden Visa Program Advantages:

• Travel within the Schengen Area of Europe without a visa
• Residency in Greece is not required.
• It takes 90–120 days to obtain a residence permit.
• Residence permit expiration date is unlimited.
• Rent out the investment property.
• Family residence (spouse, children under 21, and parents of the main applicant and spouse)
• Citizenship after seven years of residence
• Possessing shares and receiving dividends from a Greece -registered company (but not employed there)

Greece Golden Visa Program Requirements:

The Greece Golden Visa Program was launched in 2013 and offers non-EU nationals and their families the opportunity to obtain permanent residence permits in Greece. The permits can be renewed every five years.

Qualifying options for the program include:

Options for real estate

  • Alternatively, a minimum investment of EUR 500,000 in Mykonos, Santorini,Thessaloniki, and most municipalities in Athens.
  • Ten-year lease agreement for hotel accommodation or furnished tourist residences in tourist accommodation complexes (Article 8 of Law 4000/2001)
  • Hotel time-sharing agreements (Law 1652/1986)

There are other options as well.

TRANSFER OF CAPITAL

A minimum deposit of EUR 400,000 to a domestic credit institution for at least one year, with a standing order for renewal.

CONTRIBUTIONS TO CAPITAL

A capital contribution with a minimum value of EUR 400,000 to a company with its registered office or establishment in Greece (excluding portfolio investment companies and real estate investment companies) for the acquisition of shares in a share capital increase or bonds that are admitted for trading on regulated markets or multilateral trading mechanisms operating in Greece at the time of issue.

Contribution of EUR 400,000 or more to a Greek real estate investment company (Article 21 of Law 2778/1999), for the acquisition of shares in a share capital increase.

A capital contribution with a minimum value of EUR 400,000 to a closed-end investment company (Article 5 of Law 2367/1995) for the acquisition of shares or to a closed-end mutual fund (Article 7 of Law 2992/2002) for the acquisition of shares, provided that the alternative investment institutions intend to invest exclusively in companies that have headquarters or establishments in Greece.

BONDS, SHARES, AND/OR GOVERNMENT BONDS

Through a Greek credit institution that will also act as the custodian of these bonds, purchase of Greek government bonds with a minimum acquisition value of EUR 400,000 and a residual maturity of at least three years at time of purchase.

Investing in shares, corporate bonds, and/or Greek government bonds that are admitted to trading or are traded on regulated markets or multilateral trading mechanisms operated in Greece with a minimum value of EUR 400,000 of a mutual fund incorporated in Greece or another country.

Investment in immovable property in Greece exclusively through an alternative investment fund established in Greece or another EU country with a minimum purchase value of EUR 400,000.

Greece Golden Visa Program procedures and timeframe:

❖ The first step is to visit Greece.
❖ The second step is to choose the property you prefer.
❖ The third step is to submit the application.
❖ The final step is to verify everything.

This information is not intended as immigration advice. GREEN LIGHT MANAGEMENT CONSULTANCY DMCC. is promoting the program as sub-agent for authorized service provider firm We provide legal documentation services and do not give legal advice.

 

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  • Passport Rank
  • 5TH
  • Visa-Free Countries
  • 190
  • Time to Residency
  • 4  To 6 Months
  • Investment
  • 400,000 Euro

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