Greece Golden Visa Program in 2024: How to Obtain Greek Residence by Investment

Greece Golden Visa

Investors participate in the Greece Golden Visa Program to obtain a residence permit by investment in the Mediterranean. Greece can become a new home or a safe haven.
Greece Golden Visa: how to obtain in 2023
Minimum investment amount
8 options
To choose from for investment
3+ months
Obtaining period
In 7 years
One can apply for citizenship

8 benefits of the Greece residence permit by investment

Freedom of movement
Permit holders, along with their families, have the right to live in Greece and travel freely within the Schengen Area, which includes 27 European countries.
Investment opportunities
The permit allows investors to tap into the Greek real estate market, which offers attractive investment prospects and the opportunity to redeem investments at a profit.
Access to healthcare and education
Permit holders can access the Greek healthcare system. Your children have the right to attend schools in Greece, including some excellent international schools.
No minimum stay requirement
You are not required to live in Greece to maintain your residency permit. The right to live in Greece is indefinite as the permit is renewable every five years, given the initial investment is maintained.
Family inclusion
Close family members can also gain residency status, including spouses, children up to 21 years of age, and dependent parents of both the main applicant and spouse.
Path to EU citizenship
Although it is a lengthy and complex process, there is a possible path to Greek citizenship and a European Union passport after 7 years of residence in Greece.
Greece residency provides a secure plan B, a safe haven in times of political or economic instability in the home country.
Low cost of living
Compared to other Western European countries, Greece generally has a lower cost of living.
Greece Golden Visa: requirements for applicants
Requirements for applicants for a residency permit in Greece
Above 18, with a legal income and a clean criminal record
Or a partner
Under 21, unmarried, financially dependent
Of any age, financially dependent

Investment options under the Greece Golden Visa Program

This can be purchasing a property valued at €250,000 or more, a land plot, a 10-year lease or timeshare for hotel accommodations or furnished tourist residences in integrated tourist resorts.

In 36 areas of Greece, the minimum property investment threshold has been increased to €500,000.
This can be a term deposit of at least €400,000 in a Greek bank, an investment in a venture capital fund, a purchase of Greek government bonds with a remaining maturity of at least three years or a capital contribution to a company.
  • Passport
  • ID
  • Health insurance
  • Proof of investment
  • Certificate of clear criminal record
  • Medical certificate
  • Proof of source of income
  • Marriage certificate, if applicable
  • Children’s birth certificates, if applicable

Step-by-step procedure for obtaining residency in  Greece

Choose your investment route
The most common route is through a real estate purchase of at least €250,000, but there are other options, such as investing in securities or opening a bank deposit.
Select your property or investment
If you're going down the real estate route, you would visit Greece to choose the property you wish to purchase. Alternatively, this can also be done remotely through a legal representative.
Issue a power of attorney
You can issue a Power of Attorney to a legal representative in Greece, who can then act on your behalf for the property purchase and visa application.
Finalise the investment
After selecting the property or other investment, you'll need to finalise the purchase. This involves signing the final contract and transferring the funds.
Collect necessary documents
Collect all necessary documents for the residence permit application. This includes proof of the successful investment, health insurance coverage, a valid passport, and a health certificate, among other documents.
Apply for the residence permit
The application can be filed in Greece. You or your legal representative can submit the application along with all supporting documents to the competent Greek authorities.
Provide biometric data
Applicants must provide biometric data — photographs, fingerprints, and signatures.
Wait for approval
Once the application is submitted, it will be processed. This typically takes 2—3 months. During this time, you will be provided with a document that allows you to stay in Greece legally.
Receive your permit
Once approved, your permit will be issued, and you can collect it. This permit allows you to live in Greece and travel freely within the Schengen Zone.
Frequently asked questions
The minimum investment for a Greek Golden Visa is €250,000, typically in real estate. However, you should also account for additional costs such as government processing fees, lawyer's fees, notary fees, and property taxes, which could make the overall cost significantly higher. Expect to budget around €300,000 to cover all associated costs.
Yes, you can obtain residency in Greece by purchasing property. The Greek Golden Visa Program grants a five-year residency visa to non-EU citizens who invest a minimum of €250,000 in Greek real estate. The residency permit can be renewed every five years, provided the property investment is maintained.
Yes, if you're seeking a pathway to EU residency with a relatively low minimum investment, flexible residency requirements, and the benefits of visa-free travel within the Schengen zone, the Greece Golden Visa could be a valuable option.
While the Greek Golden Visa offers many advantages, there are also a few drawbacks. The primary one is the substantial initial investment required, which may not yield significant returns given the slow growth of the Greek real estate market. Furthermore, while the Golden Visa provides a route to permanent residency and eventual citizenship, the process can be lengthy and bureaucratic, potentially requiring significant paperwork and patience.
The Greece Golden Visa Program generally has a high acceptance rate, assuming applicants meet the investment requirements and provide the necessary documentation.
Apply for a consultation on obtaining residency or citizenship by investment

Contact us today

Passportivity assists international clients in obtaining Greece Golden Visa.

Contact us to arrange an initial private consultation. You will learn how to avoid citizenship or residency denial and procedure delays, as well as how to minimise risks and not to lose money.