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Golden Visa For Greece
A residence permit can be obtained in 2-4 months, making this one of Europe's best investments
Starting investment at €250,000
Processing time 2-4 months
Calculate cost
Prospects for additional investment
  1. Incorporate Greece into your investment portfolio by investing at least €400,000 in Greek government bonds, term deposits, REICs, alternative venture funds, private equity funds, or mutual funds based in the country
  2. A Greek government bond, corporate bond, or share worth €800,000 can be invested
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Golden Visas have been offered by Greece since 2013. For an investment of €250,000, a residence permit is granted for any residential or commercial property in Greece. The premises can be rented out by the investor with immediate effect, thus offering good returns. Greek language proficiency tests are not required for residency purposes. To become a citizen, you must pass these tests as well as a general country history test. In addition, investors do not have to live in Greece in order to renew their residence permits.
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Golden visa benefits in Greece
  1. Residency rights of Greece
  2. Multiple double taxation treaties provide attractive tax incentives for residents and nomads
  3. Offering short-term lettings and property management for tourists
  4. Without a visa, you can access Schengen countries
  5. Adding family members is possible – you can add a spouse, parents, in-laws, as well as your children, up to the age of 21
  6. Renewing your residency permit does not require you to stay in Greece
  7. Citizenship in the EU can be applied for after seven years of living in Greece
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The following requirements must be met by applicants for a golden visa residence permit:
The residency requirements
Applicants must be at least 18 years old
Have no prior criminal record
Entry into EU countries is not restricted
Documentation of health insurance
Assurance that the current bank is in good standing
Funding proof for qualifying investments
The proof that the qualifying investment has been acquired

The biometrics will need to be taken in Greece once the application has been submitted.It is important to keep in mind that Greece’s permanent residence permit is renewed every five years.

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How to become a citizen of Greece

In addition to permanent residency, the Golden Visa can also lead to nationality. Citizenship requires the following criteria:

  1. Become a taxpayer after living permanently in Greece for seven years.
  2. Obtain a Greek language proficiency test and demonstrate beyond doubt adequate knowledge of Greek history and culture by passing a citizenship test.
  3. In order to obtain citizenship, this is considered a naturalization process, which means there isn’t a fast-track option.
Make sure your family is included
  1. The spouse (including same-sex marriages);
  2. A child under 21 years of age who is not married, a full-time student, and is fully supported by the main applicant;
  3. The children of previous marriages;
  4. The main applicant’s parents and/or spouse can be included. Parents can be included regardless of their age or dependency.
A tax optimization strategy
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Global investors can choose to pay a flat tax of €100,000 per year on their global income
Tax reductions of 50% are available to expat professionals with active income
For 15 years, retirees can pay 7% on their passive pension income

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ADVANTAGES OF INVESTING
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It is currently possible to invest as little as €250,000 in real estate. There will be new Golden Visa rules for Greece as the Greek government is raising the minimum investment value for real estate investments to €500,000 to give priority to Greeks. Neither the date nor the areas affected by the change have been announced by the government. For your residency permit to be renewed, you need to maintain your investment in Greece. Prior to selling your property, you must make a different qualifying purchase. The lease agreement can also be for a ten-year period for hotel accommodations or furnished tourist residences in program-integrated tourist resorts up to a value of €250,000, payable in advance.
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Invest €400,000 in securities, bonds, Greek bank deposits, venture capital or private equity funds, or Greek mutual funds Invest €800,000 in Greek Treasury bonds, corporate bonds, or shares listed in Greece’s trading facilities

3. €250,000 for a ten-year lease on a hotel or tourist residence

4. €250,000 for the purchase of a land plot for construction or agriculture

5. €250,000 when inheriting or receiving real estate as a gift

6. €250,000 for a 10-year timeshare

Estimated costs
  1. Real estate transfer tax: about 3.09 percent
  2. Fees charged by Notaries Public: 1 to 1.5 percent of the property’s value
  3. 0.6 to 0.8 percent of the property value is the land registry fee
  4. For the principal investor, €2000 must be paid, and for each additional member of the family, €150
  5. Depending on age, Greek healthcare insurance costs between € 150 and € 200
  6. The cost of legal services depends on the lawyer, the services offered, and the size of the family
Step-by-step procedure for obtaining the Greece Golden Visa by purchasing real estate
  1. First, Migronis performs all personal due diligence and contracts with the client to provide all services
  2. Migronis will assist you in selecting your preferred investment route
  3. Even though it is helpful, you do not need to open a bank account in Greece before investing. Investments can be transferred directly to the developer
  4. Invest in the property or acquire the property. You can transfer funds directly to the developer or fund
  5. The next step is for Migronis to submit your application along with all the necessary documents (civil documents, police clearance certificates, birth certificates & marriage certificates) that need to be translated into Greek
  6. Upon approval, the Greek immigration department issues an invitation to come for biometrics
  7. Your biometric data must be submitted in Greece at the seventh step
  8. The Golden Visa has been approved, and the residency card has been issued. It is now possible to travel visa-free throughout the Schengen area and/or move permanently to Greece
  9. It is important to renew your Golden Visa Residence Permit every five years
  10. After 7 years of physical residency in Greece, apply for citizenship by naturalization
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