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Greece Golden Visa – Real Estate Investment Program

Launched in 2013, the Greece Golden Visa Program was designed to attract foreign investors to the Greek real estate market. Through this program, investors and their families are granted residency rights in Greece, along with visa-free travel within the Schengen Area, opening up opportunities to live and conduct business across Europe.

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Introduction

Greece Investment Options

A minimum USD 400,000

  1. €800,000 investment in all areas of Athens, and in properties located within Thessaloniki, Mykonos, Santorini, and other islands with a population over 3,100.
  2. €400,000 investment in all other regions of Greece.
  3. €250,000 investment in properties that meet specific conditions:
    1. The property must be converted from commercial use (e.g., industrial) to residential use, and the conversion must be fully completed before visa application.
    2. Restoration of buildings with special historic significance is eligible, provided the investor fully renovates or reconstructs the property. Full restoration is a mandatory requirement for renewing the initial Golden Visa after five (5) years.
    3. The investment must be made in a single property with a minimum total area of 120 m².
From 250,000 EUR Minimum Investment Required
6-8 months Processing Time

Key Statistics

Processing Time

6-8 months

Visa-Free Destinations

Minimum Investment

From 250,000 EUR

Citizenship Eligibility

Eligibility to obtain Greek permanent residency and citizenship after 7 years.

Minimum Residency Requirement

Not Required

Family Inclusion

Valid

Investment Options

Choose the investment path that best suits your needs.

Real estate investment in all areas of Athens and designated projects: €800,000

800,000 Euro

Real estate investment in all other regions of the country: €400,000

400,000 Euro

Real Estate Investment in Qualified Properties: €250,000

250,000 Euro

  • The property must be converted from commercial use (e.g. industrial, etc.) to residential use, and the conversion must be fully completed before the visa application is submitted.
  • Restoration of buildings with special historic significance is eligible, provided the investor fully renovates or reconstructs the property. Full restoration is a mandatory requirement for renewing the initial Golden Visa after five (5) years.
  • The investment must be made in a single property with a minimum total area of 120 m².

Program Benefits

  • Visa-Free Travel: Investors and their families (spouse and children under 21) can freely travel across the 26 Schengen countries.
  • Social Benefits: The entire family will enjoy full access to social security, healthcare, and education benefits similar to Greek citizens.
  • Citizenship Opportunity: After 7 years of legal residence, the family can apply and take the citizenship exam to become Greek nationals. Once naturalized, they gain the right to live in any EU member country.
  • Permanent Residency Rights: Permanent residency is granted across three generations, including both sets of parents, the main applicant, spouse, and dependent children.
  • Quality of Life: Greece offers a high standard of living, rich culture, mild climate, fresh air, and stunning natural landscapes.
  • Real Estate Value: A growing real estate market with strong potential for rental income and business opportunities.
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Requirement Image

Eligibility Requirements

  • Minimum investment of €250,000 in real estate in Greece.
  • Main applicant must be over 18 years old.
  • Clean criminal record.
  • Must purchase health insurance issued by a Greek insurance company.
  • Must retain ownership of the property to maintain and renew residency status.
  • Effective from March 31, 2024: All properties used for Golden Visa applications are prohibited from short-term leasing. Properties under the "conversion" category (from commercial to residential use) cannot be used as a registered business address. Non-compliance with the above regulations will result in revocation of the residence permit and a separate administrative fine of €50,000 for the property owner.

Application Process

Steps to Obtain Permanent Residency through Greece Real Estate Investment Golden Visa

1
Select a suitable property
2
Make a reservation deposit
3
Sign a Power of Attorney (POA) for legal representation
4
Complete property payment and related fees
5
Travel to Greece for biometric data collection
6
Receive residence permit (Green Card) in Vietnam

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