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GREECE PERMANENT RESIDENCY
BY INVESTMENT
(GOLDEN VISA)

One of the most budgetary residence permits in Europe in 2-4 months. Investments from €250,000

Starting investment
at €250,000
Processing time
2-4 months

Calculate cost

unique opportunity

Advantages of Greek Golden Visa

GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

Possibility of tax planning for a foreigner as a tax resident

GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

New business development opportunities

GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

Visa-free entrance and residency in Schengen Area

GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

Social and political security

GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

Ability to add your family members

GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

No requirement to reside in the country

Investments starting at €250,000

Requirements for investors

The primary requirements for a residence permit application are not too stern and are the same for investors and financially independent individuals. Actually, access the permanent residence is relatively easy. The non-EU nationals are expected to comply with the following rules to make a Golden Visa application.

  1. Be of at least 18 years of age (the main applicant);
  2. Not have any previous criminal record;
  3. Not have any restrictions on entering the EU countries, Canada, or the US;
  4. Have a positive credit history and excellent business reputation;
  5. Stable income sufficient for maintaining the financially dependent family members;
  6. Fulfillment of financial requirements of the program;
  7. Comply required documents with the help of a Greek lawyer, the lawyer of another country, or individually.

It is also important to visit a country to submit biometrics to get a Greece Golden visa. And also, keep in mind that a permanent residence permit should be renewed every 5 years.

How to get a Greek passport

Golden Visa allows you not only to get a residence permit due to investment in Greece but also to obtain Greece citizenship and become a Greek citizen later. However, applying for Greece citizenship is possible only if you have lived in the country for 7 years.

For citizenship eligibility, there are certain criteria to be met:

  1. Knowledge of the Greek language. Knowledge of Greek history;
  2. The applicant must live in Greece most of the time before applying.

With the approval of the application the investor receives:

  1. Greek – European Union passport;
  2. Voting rights.

Bring up your family:

  1. A spouse;
  2. Children under 18 years of age who are not married and who are fully supported by the main applicant;
  3. Children from 18 to 23 years old, unmarried, in full-time attendance at a recognized institution of higher learning, and fully financed by the main applicant;
  4. Children from previous marriages;
  5. Dependent parents or grandparents of the main applicant and/or spouse.

Greece Golden Visa Program offers several investment options:

Investment for obtaining a Greek residency

GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

Investment in real estate

  • To obtain Greece residency, it is necessary to make a capital contribution to real estate property of any type, residential or commercial. The minimum real estate investment is €250,000 under the Greece Golden Visa Program. This means that the minimum value to get a Golden Visa Card where you invest exclusively in real estate is €250,000.

    If you wish to keep the status, you must own a real estate object permanently. However, housing can be “changed.” Therefore, real estate investors are welcome to get permanent residence, sell one investment object, and buy another real estate property for the same amount.

    If you don’t want to buy real estate property, you can sign a 10-year lease agreement with a hotel or tourist accommodation complex. The deal is valid only for hotel accommodation or furnished tourist residences in tourist accommodation complexes. It is confirmed by a 10-year lease agreement if made for furnished tourist residences in integrated tourist resorts or hotel accommodations. In this case, a minimal value to get a Greece Golden Visa remains the same €250,000. Full fee payment is made in case of a favorable decision by the Greek Immigration Service.

    Note!

    If you bought the property through a legal entity, you are obligated to own 100% of the company shares to get a Greece Golden Visa. The contract should cover 10 years and €250,000 in a rental amount to get a Greece residency permit. Furthermore, there is a need for a single payment.

GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

Opening a bank deposit in a Greek bank

To get Golden Visa Residence Card, it is necessary to make a capital contribution (bank deposit) to a Greek bank account. The minimum value is €400,000.

GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

Investment in stocks, bonds, investment funds

  • The last option that allows you to apply under the Greece Golden Visa Program is investing in the Greek government or corporate bonds (traded on regulated markets). The deal should happen via a Greek credit institution. The minimum value to get a Greece residence permit is €400,000.

    Foreign investors can invest exclusively in shares and/or government/corporate bonds of Greek companies (which have permission to trade on regulated markets), Greek government bonds, and shares to a closed-end mutual fund. This option also includes making a capital transfer for Greek government bonds, corporate bonds, or shares in real estate investment companies to an alternative investment fund established in Greece or any other country of the European Union, which invests exclusively in immovable property in Greece. Invest €400,000 for a minimum of one year, with a standing order for renewal in a domestic credit institution established in Greece.

Greece Golden Visa Program Statistics

The table shows that the Greece Golden Visa enjoyed popularity before the pandemic. The number of applicants was growing from year to year, so this investment program was actually flourishing. For now, we see it’s recovering, partially due to the low investment threshold in a promising market. 

The highest number of applicants came from: China; Turkey; Russia; Lebanon; Egypt; Iran; Iraq; Ukraine; USA; Jordan

  Buying real estate Deposit in one of Greek banks Investment in stocks, bonds,
investment funds
Minimum investment amount From €250 000 From €400 000 From €400 000
Investment income Depending on the project Total weighted average
interest rate: 0.12%
Depending on the
investment object
Return on investment Yes, in five years Yes, in five years Securities can be sold
in five years
Holding period Five years Five years Five years

Additional expenses

  1. State fees – €2,000 for investor, €150 for each additional applicant (no charge for persons under 13)
  2. Issuance of a residence permit card (required for all applicants) – €17.5
  3. Tourist visa processing – €60
  4. Consular fee for visa application – €300
  5. Medical insurance from €260-300 per year for the investor, investor’s spouse, investor’s parent or investor’s spouse’s parents. €200-300 per child under 21
  6. €30 translation of a personal document (up to 2 pages)

In what cases can a refusal be issued?

  1. provision of false information;
  2. involvement in terrorism, money laundering, crimes against humanity or crimes that violate human rights and freedoms, or admission of guilt in such crimes;
  3. availability of a criminal record or criminal proceedings for serious criminal offenses;
  4. posing a potential threat to public order, national security, or the reputation of Greece.

Required documents to get Golden Visa Greece

Type of document Main applicant Spouse Child Parents
Valid passport
Certificate of birth
Individual tax number
(if applicable)
Four identical photos made in the last 6 months before submitting the application
Police clearence
Health certificate
Certificate of marriage
(if applicable)
Proof funds

Visa-free travel to Schengen countries

Due to the Greece Golden Visa Program, non-EU citizens get visa-free travel to European countries and do not need a Schengen visa. If you want to travel to the US, you must register in ESTA, and if you are passionate about Canada or the UK — no worries, you don't need a visa at all!

Key Stages in the Application Process

SIMPLE AND CLEAR PROCESS

1

Contract signing

Free preliminary background check (due diligence) of an applicant (1 day) and contract signing in one of our offices or remotely. At this stage, it will be sufficient to provide the passport copies of all family members who will be included in the residency application.
Result of the stage: background check report + signed contract.

2

Preparation of documents

We receive Police Certificates, fill out government forms, arrange notarization, translation and apostilization of all the necessary documents, and send the package to a migration agency in Greece. You submit the original documents and sign the forms and other documents that we prepare by ourselves. At this stage, you'll be required to visit Greece to submit your biometric data.
Result of the stage: Confirmation of documents received by the government.

3

Case review

The migration agency of Greece carries out the processing of the case during the period of 4 to 7 months.
Result of the stage: Approval in principle is issued.

4

Obtaining the residence card

After paying the investment and fees, you will need to visit Greece to get your residence card. The card is issued for 2 years. To meet the requirements, you must stay in the country for at least 7 days a year. We will remind you to renew the card 6 months prior to its expiration date.

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Contract signing

Free preliminary background check (due diligence) of an applicant (1 day) and contract signing in one of our offices or remotely. At this stage, it will be sufficient to provide the passport copies of all family members who will be included in the residency application.
Result of the stage: background check report + signed contract.

Preparation of documents

We receive Police Certificates, fill out government forms, arrange notarization, translation and apostilization of all the necessary documents, and send the package to a migration agency in Greece. You submit the original documents and sign the forms and other documents that we prepare by ourselves. At this stage, you'll be required to visit Greece to submit your biometric data.
Result of the stage: Confirmation of documents received by the government.

Case review

The migration agency of Greece carries out the processing of the case during the period of 4 to 7 months.
Result of the stage: Approval in principle is issued.

Obtaining the residence card

After paying the investment and fees, you will need to visit Greece to get your residence card. The card is issued for 2 years. To meet the requirements, you must stay in the country for at least 7 days a year. We will remind you to renew the card 6 months prior to its expiration date.

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Migronis is always more than you expect

Post Immigration Service

Opening a local bank account

Local tax residency

Insurance registration

Company registration

We will help you resolve any issue, for example, we will tell you about the path to Greek citizenship through a residence permit.

Why clients choose Migronis

Post-paid service

Offices all over the world

We are online 24/7

We obtain additional documents in Greece

Minimal participation on your part, we do all the paperwork

No intermediaries and no middlemen

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    How much is a Greece Golden Visa?

    The price of a Greek Golden Visa starts from €250,000. However, this is the minimum investment amount, other investment options require investing at least €400,000. Anyway, this is a relatively low route to get an EU passport.

    How long does it take to get a Golden Visa in Greece?

    The processing time for Greece Golden Visa is 2-4 months. It should be noted that the processing time depends on many factors, like the overall number of applicants, the number of family members included in your application, chosen type of investment, etc.

    Can you get residency in Greece if you buy a property?

    Yes, Greece Golden Visa residence permit can be obtained with the help of the property purchase. This is a popular type of investment in this investment program, compared to other European countries, as with the minimum value you can get housing and a residence permit in Greece.

    How do I get Greek citizenship through investment?

    There are many options to get Greece Golden Visa and permanent residence in this country. This includes real estate investment, opening a deposit in a Greek bank, purchasing shares and/or bonds of Greek companies, government bonds of Greece, and buying shares in investment funds.

    How is the financial dependence of children and parents on the main applicant confirmed?

    Financial dependence of children is confirmed by a certificate of full-time learning, and of parents by a birth certificate.

    Can married children obtain residency together with the main applicant?

    No, in this case, they do not fall under the category of dependents.

    Do I need to pay extra fees to obtain & renew my residency?

    Fees to obtain a residency (for each applicant over 18) - €500;
    +Health insurance (for each applicant) - at least €300;
    +Fees on the sales contract - about 10% out of the full cost of a real estate object.

    f I own the property and reside in Greece, can I and the people that accompany me work?

    Holders of this type of residence permit are allowed to set up their own business in Greece.
    They are not allowed to work under any type of employment.

    Is it possible to transfer investment money, not from my own bank account?

    No, the funds should be transferred only from a personal account.

    What additional documents may be obtained?

    Driver's license;
    Individual tax number.

    Information about Greece

    GDP 2021 - $181 bln.
    Population 2021 - 10,37 people;
    The capital is Athens;
    Sectors of the economy - tourism (15% GDP), industry (10% GDP), agriculture (7% GDP);
    Doing Business 2017 ranking - 67rd out of 190 in the World Bank's ranking of ease of doing business.

    We share our experience

    GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

    We share our experience

    We prepared useful videos about Greek "Golden Visa" on our Youtube channel. Check them out.

    GREECE PERMANENT RESIDENCY <br>BY INVESTMENT <br>(GOLDEN VISA) — Migronis

    Investments in Greek real estate

    When investing in Greek real estate, it is important to consider the rise of prices. It is already very difficult to find a decent object for 250,000, so the price often starts from 300,000.

    The market trend forces to rush, as in the future the cost will be even higher. At the same time, the costs pay off. Greece annually attracts millions of tourists who need to live somewhere. This guarantees a stable demand for real estate for rent.

    Greek Golden Visa Program remains one of the most competitive investment programs in the RBI market. Greece's passport is ranked 7th (out of 106) in the 2018 passport rating regarding freedom of movement, which continues to attract investors who want visa-free access to multiple destinations.

    For those who want to get a Greece residence permit, there are several investment options, including the one with investing in a real estate investment company that invests exclusively in immovable property in Greece. As for the other options, Golden Visa Program requires capital contribution in real estate, stocks, bonds, and investment funds.

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