RESIDENCY BY INVESTMENTGreece

Capture the beauty of Greece

Situated at the junction of Europe, Asia and Africa, Greece is regarded as the cradle of democracy and the birthplace of western civilization. Greece’s warm Mediterranean climate, cosmopolitan cities, exquisite islands and authentic local traditions and hospitality have led many upwardly mobile individuals to make this country their second home.
As a member state of the EU, Greece offers its residents and citizens a number of reassuring benefits including high levels of safety and security, excellent education opportunities, robust healthcare options and a dependable rule of law.

LOCATION & TIME ZONE
Greece is located in Southern Europe, bordering the Ionian Sea and the Mediterranean Sea, between Albania and Turkey. It is a peninsular country, with an archipelago of about 3,000 islands. GMT+2
CAPITAL
Athens
VISA FREE COUNTRIES
26 (Schengen Countries)
TOTAL AREA
131,957 km²
POPULATION
10.72 million
GDP & GDP/CAPITA
$218bn, $20,324
LANGUAGE
Greek
RELIGION
Orthodox Christian
GOVERNMENT TYPE
Presidential Parliamentary Republic, Democracy
CURRENCY
€ Euro
V.A.T
24%
INTERNATIONAL MEMBERSHIP
European Union, UN, OSCE, The North Atlantic Treaty Organization (NATO), Council of Europe.

Fact Sheet

WHY CHOOSE GREECE

The Greece Golden Visa Programme is considered one of the most affordable residence-by-investment programmes within the European Union. Successful applicants and their families are also able to benefit from visa-free access to the European Schengen Area within two months of applying.

Being a member state of the EU, Greece provides its residents and citizens with numerous reassuring benefits, such as high levels of safety and security, excellent education opportunities, robust healthcare options, and a dependable rule of law

MINIMUM INVESTMENT & PROCESSING TIME

  • €250,000 plus taxes and fees
  • Approval in 3 months

BENEFITS

The benefits of the Greece programme include:

  • Fast, residency permits issued in two months.
  • Family members included (married spouse, children under 21 years old, and parents of the main applicant and spouse).
  • Visa-Free Travel with a Schengen Residence Card.
  • No requirement to reside in Greece.
  • Renewable every 5 years may lead to citizenship after 7 years.
  • Right to live, invest & do business in Greece (hold shares and receive income from the dividends of a company registered in Greece (but not to be employed in Greece).
  • Family members included (married spouse, children under 21 years old, and parents of the main applicant and spouse).

QUALIFICATIONS

  • The applicant and their spouse, children, and parents must have health insurance in Greece.
  • A valid visa is needed at the beginning of the application process in order to enter Greece.
  • All the essential documentation that accompanies the application for an immigration permit must be duly certified, along with a translation of the same documents into the Greek language.

ACQUIRING CITIZENSHIP

After residing in Greece for seven years, the applicant may apply for citizenship according to the Greek Nationality Code (Law 3284/2004) via the process of naturalization. This process can only be achieved if the applicant can demonstrate that they have established close ties with the country and that they have successfully integrated into Greek society, both financially and socially. The naturalization process also entails an exam to verify that the applicant has obtained an adequate knowledge of the Greek language.

Investment Criteria

AVAILABLE OPTIONS

The programmes’ qualifying options are:

1. Real Estate Acquisition

  • Minimum investment of €250,000 to purchase a property except in the municipalities of Athens, Thessaloniki and the islands of Mykonos and Santorini where from July 31st , 2023 it will be €500,000

2. Capital Contribution

  • A capital contribution with a minimum value of €400,000 to a company that has its registered office or establishment in Greece (with the exception of portfolio investment companies and real estate investment companies) for the acquisition of shares in a share capital increase or bonds that are, at the time of issue, admitted for trading on regulated markets or multilateral trading mechanisms that operate in Greece.
  • A capital contribution with a minimum value of €400,000 to a real estate investment company (Article 21 of Law 2778/1999) that will invest exclusively in Greece, for the acquisition of shares in a share capital increase.
  • A capital contribution with a minimum value of €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 aforementioned alternative investment institutions have the intention to invest exclusively in companies that have headquarters or establishments in Greece.

3. Shares, Bonds, and/or Government Bonds

  • Purchase of Greek government bonds with a minimum acquisition value of €400,000 and residual maturity of at least three years at the time of purchase, via a credit institution established in Greece, which will also act as the custodian of these bonds.
  • Purchase of shares, corporate bonds, and/or Greek government bonds with a minimum acquisition value of €800,000, which are admitted for trading or are traded on regulated markets or multilateral trading mechanisms, operating in Greece.
  • Purchase of units with a minimum value of €400,000 of a mutual fund incorporated in Greece or another country and with the intention to invest exclusively in shares, corporate bonds, and/or Greek government bonds that are admitted for trading or are traded on regulated markets or multilateral trading mechanisms, operating in Greece.
  • Purchase of units or shares with a minimum purchase value of €400,000 of an alternative investment fund established in Greece or another country of the EU, which intends to exclusively invest in immovable property in Greece.

4. Capital Transfer
Term deposit of a minimum value of €400,000 to a domestic credit institution, for at least one year, with a standing order for renewal.

Buying Real Estate in Greece

A strong tourist sector, second home destination and thriving Athenian investors market make for a healthy and sustainable real estate investment. Whether looking for a holiday home, city apartment or beachfront villa the options are endless.

We showcase properties in Athens and on the islands and select only those we consider offer something a little different and will always be in demand when the time comes to sell. The figures quoted for rental yields and capital appreciation are independently validated via annual real estate reports. As are the market prices. We only recommend companies with a proven track record not only in construction and on-time delivery but as importantly in looking after our clients.

View our Portfolio of

Carefully Chosen Properties

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Energy efficient design

CENTRAL ATHENS

Two-bedroom, one-bathroom apartments right in the heart of Athens. Energy efficient with double glazing and high thermal and accoustic insulation. Full WiFi and internet connections provided. Fully equipped kitchen. Prices start from €270,000.

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Full on site management

WATER FRONT CRETE

Apartments, townhouses and villas. Full on-site management, landscaped gardens, and communal pool. Close to amenities and facilities. Prices start from €288,000.

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With private pools

SANTORINI, 3 BEDROOM VILLA

Full on-site management. Landscaped gardens. Close to all amenities and facilities. Prices start from €415,000.

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