Foreign investors who purchase or invest in real estate are granted permanent residency in Greece. Greece is Now Among Europe’s Most Well-liked and Reasonably Priced Golden Visa Programs as of 2018. The Greek government is thinking about adding options for bank deposits and government bonds worth €400,000 to the program.
For third-country investors who have made strategic investments, the Immigration and Social Integration Code of Law 4251/2014, Government Gazette 1, no. 80, facilitates extended stay time limits.
Advantages:
- Greece Real Estate Investment at 100%
- Schengen Area Family Residency in Europe Freedom of Movement Instant Permanent Residency in Greece
- No need for a medical exam, business experience, or language proficiency
- Greece Has Some of the Cheapest Real Estate Costs in Europe
- Eligibility for Citizenship Seven Years Later, with No Requirement for Minimum Residency
- Greece Will Raise Golden Visa Investment Cap to €500,000 Effective August 1, 2023. If investors deposit 10% of the property’s value by April 30, 2023, and complete the purchase by December 31, 2023, the €250,000 option will still be available. The Minimum Investment in Specified Areas Doubles to €500,000 After This Date.
Suitable Investments:
- €250,000 Real Estate: Five-Year Permit for Property Ownership in Greece
- €500,000 Properties in Designated Areas under Real Estate
- Investing strategically: €250,000 in investment activity with the addition of executives (10-year permit)
- €400,000 is a bank deposit (a one-year term deposit in Greek banks).
- €400,000 in Greek Treasury Bonds and Securities (Held for 3 Years)
- €800,000 worth of shares and corporate bonds were traded on Greek stock exchanges.
- Contribution to Capital: €400,000 in Greek Companies
- Legal Entities: €1.6 million (corporate bonds) or €800,000 (securities or bank deposits)
- Investors are granted a Permanent Residence Permit (PR) under Article 20A, which is renewable and valid for five years. It is not necessary to reside in Greece. Applications for residence permits take from four to six months to process. The renewal of a permit is unaffected by absences from the nation. When real estate property is sold to a different citizen of a third country while the seller’s permit is revoked, the new owner is granted a residence permit.
