3-4 Months Yes Applicant, Spouse, Children and Parents None
SCHENGEN AREA COUNTRY
Applicant, Spouse, Children and Parents
Greece is located at the crossroads of Europe, Asia, and Africa, with the longest coastline in the Mediterranean and over 200 inhabited islands. The country enjoys a Mediterranean climate, beautiful landscapes, waterfalls, mountain ranges, extraordinary lagoons of Messolongi Gialova, Porto and many more.
A member of the European Union since 1981, Greece is a democratic and developed country with a good quality of life, and a very high standard of living. As the crossroads between east and west, it is a superb business location with the capital, Athens, providing access to both international business and travel.
Greece is home to a population of around 11 million. The official language is Greek and English is the most widely spoken foreign language.
The Greek residency by investment program is considered one of the most affordable programs providing fast-track access to Europe within 3-4 months.
As one of the lowest cost residency programs within the European Union, the Greek Golden Visa Program is an attractive option, particularly for applicants whose principal aim is to leverage visa-free travel throughout the Schengen Area.
Applicants should purchase a property with a value of at least €250,000, to be held for the duration of residency and for a minimum period of 5 years.
There is no minimum stay requirement in Greece, and applicants’ children up to the age of 21 can qualify within the application process.
Investors are granted a residence permit that is valid for 5 years and renewable thereafter.
If you choose to put down roots in Greece, the Golden Visa Program also offers a pathway to Greek and European Union citizenship after seven years.
Peninsula & Islands
USD 200 Billion
Yes, you have the right to apply for a residence permit for owners of real estate property, provided the value of the property in Greece , as referred to in the contract of purchase, is at least €250.000.
This residence permit (Article 20B, Law 4251/2014, as it stands) can be renewed every 5 years provided you are still the owner of the property.
Article 20B, Law 4251/2014, as amended with Article 14, paragraph 1, Law 4332/2015 stipulates that:
"The amount is paid by a crossed cheque or with a deposit of a bank transfer in the bank account of the recipient kept at a bank in Greece or in a credit institution under the supervision of the Bank of Greece, the particular details of which should be declared by the contracting parties before the notary public drafting the contract and be included therein."
The total amount for the property must have been paid only in one of these two ways (crossed cheque or bank transfer deposit) in order for the third country national to be eligible for this type of residence permit under the aforementioned provisions. The new law 4635/2019 especially for Chinese investors facilitates the payment method and allows payments by friends and relatives. It also allows payment by POS.
The authorized legal representative may proceed with the procedure and apply for a “permanent residence permit for investor ” under the necessary condition that the third country citizen has entered the country (“entry stamp” on the passport) within a reasonable period of time before the application for a residence permit is lodged.
However, in any case, the applicant has the obligation to visit on appointment the Decentralized Authority, for the purpose of bio-metric data collection (digital facial images, two digital fingerprints and signature) according to the new application and issuing procedure (in effect from 20 February 2017 onwards) for all residence permits with the form of a single, stand-alone document, also referred to as “electronic residence permits” (Regulation EU 380/2007).
Yes, you can. Third country citizens may be accompanied by their family members to whom individual residence permits shall be issued following a relevant application, and is valid for as long as the sponsor’s own permit is.
Family members include: the spouse, the direct descendants of both spouses or of either spouse, who are under 21 years of age, direct ascendants of the spouses.
Descendants older than 21 and up to 24 years of age, are granted an independent residence permit pursuant to Article 76, Law 4251/2014.
Permanent residents have the right to apply for Greek citizenship after living in Greece for 7 years, in accordance with legal provisions.