Greece
Citizenship by Investment

An Introduction to Greece

Greece, as a member state of the EU, offers its residents and citizens numerous comforting advantages, including a strong emphasis on safety and security, exceptional educational prospects, reliable healthcare choices, and a consistent adherence to the rule of law. These benefits are accessible through Greece Citizenship by Investment, making it an attractive option for those seeking stability and prosperity in Europe.

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Greece, situated at the crossroads of Europe, Asia, and Africa, boasts a rich history dating back to 800 BCE. This history has profoundly influenced modern civilization. Comprising a mainland and numerous islands in the Aegean and Ionian seas, Greece thrives as a prominent business hub and a sought-after tourist destination.

Its warm Mediterranean climate, celebrated cuisine, cosmopolitan cities, picturesque beaches, and deep-rooted local traditions draw numerous affluent individuals seeking a second home.

As a member state of the EU, Greece offers its citizens and residents several advantages, including robust safety measures, educational opportunities, healthcare access, and a dependable legal framework.

The Greece Golden Visa Program provides an affordable residence through investment, granting successful applicants and their families visa-free access to Europe’s Schengen Area within just two months of applying. It stands out as one of the premier residency by investment programs available today.

Citizenship by Investment Overview

The Greece Citizenship by Investment program, popularly known as the Greece Golden Visa Program, offers an affordable pathway to Europe for investors and their families. Launched in 2013, this initiative allows investors to obtain Greek residency by investing in the country’s real estate market. The program has attracted global interest due to its straightforward process and quick timeline—applicants can gain visa-free access to the Schengen Area within just two months of application.

To qualify for the Greece Citizenship by Investment program, investors must commit a minimum of €250,000 in Greek real estate. This investment can encompass one or multiple properties, as long as the total value meets the program’s threshold. What sets this program apart is its relatively low investment requirement compared to similar programs across Europe, making it an appealing choice for those seeking European residency.

Upon receiving the Greece Golden Visa, investors and their families benefit from visa-free travel within the Schengen Area. This privilege enables unrestricted movement across 26 European countries. It facilitates business opportunities, cultural exploration, and leisure travel to renowned destinations like France, Spain, and Italy.

Requirements of Greece Citizenship by Investment

The Greece Nationality by Investment program, launched in 2013, allows non-EU nationals to obtain permanent residence permits in Greece. Investors and their families can renew these permits every five years, ensuring long-term residency.

To qualify for the “Greece Citizenship by Investment” program, investors have several options. A popular choice is the real estate investment option, requiring a minimum €250,000 investment in property, plus applicable taxes. Investors can buy one or more properties to meet this threshold.

Another option is the capital contribution, requiring a minimum €400,000 investment in a Greek company. This includes real estate or closed-end investment companies focused on Greek enterprises.

Investors may also purchase €400,000 in Greek government bonds, or €800,000 in shares or corporate bonds. Alternatively, they can invest €400,000 in units of Greek or EU mutual funds or alternative investment funds exclusively in Greek real estate.

Lastly, investors can opt for the capital transfer option, depositing €400,000 for one year in a domestic credit institution with an automatic renewal order.

These options underpin the flexibility and attractiveness of the “Greece Citizenship by Investment” program, facilitating diverse investment avenues for prospective residency and citizenship seekers.

Key advantages of the Greece Golden Visa Program

1. Visa-free travel within Europe’s Schengen Area
2. No requirement to reside in Greece
3. Residence permits can be acquired within 30–60 days
4. Unlimited expiry date of residence permit
5. Opportunity to rent out the investment property
6. Residence applicable to the whole family (married spouse, children under 21 years  old, and parents of the main applicant and spouse)
7. Eligibility to apply for citizenship after seven years of residence
8. Ability to hold shares and receive income from the dividends of a company registered in Greece (but not to be employed in Greece)

Procedure of the Greece Golden Visa Program

Step 1: Visit Greece

The first step in the Greece Golden Visa Program is to visit Greece to explore potential investment opportunities. This visit allows applicants to familiarize themselves with the local real estate market, business environment, and lifestyle.

Step 2: Choose the Preferred Property

Once in Greece, applicants can proceed to choose a preferred property that meets the investment criteria set forth by the Golden Visa Program. Options include residential real estate, commercial properties, or land development projects, each offering different benefits and investment potential.

Step 3: Submission of the Application

After selecting the property, applicants must compile and submit their Golden Visa application. This step involves gathering necessary documentation, such as proof of investment funds, property purchase agreement, valid passport, and any additional required paperwork. The application is then submitted to the Greek authorities for review.

Step 4: Final Verification

Upon submission, the authorities conduct a thorough review of the application and supporting documents. This process includes verification of the investment’s legality, the applicant’s background, and compliance with program requirements. Once all checks are completed satisfactorily, applicants receive confirmation of their acceptance into the Greece Golden Visa Program.