residence permits
Golden Visa Programs

Greece enacted the potential for the provision of residence permit regarding alien investors for the first time in 2014 by the voting of the Immigration and Social integration Code (L. 4251/2014 G.G. A 80). Initially, the specified privilege was granted to “strategic investors” and real estate property investors whereas upon the relevant amendment (L. 4605/2019) it has expanded to a broad circle of investors of financial and stock exchange products.

General Scope

1. Modernization of the process, bureaucracy elimination, short term procedure of just one week requiring a single visit of the investor to any area of the Greek territory.

2. Abolition of any restrictions regarding the residence in the country. The investor may remain in the country for 0 up to 365 days.

3. Absence of involvement by the Competent Authorities regarding the investor’s country of origin. There is no certificate required and practically the Competent Authorities of the investor’s permanent residence shall never be informed regarding the granting of the relevant residence permit. 

4. Absence of involvement by the Greek Consular Authorities relevant to the investor’s current country of residence. The investor enters the territory of Greece for the submission of the relevant application with a basic tourist Visa. (Visa type C).

5. There are no further tax liabilities burdening the investor regarding the possession of the residence permit.

6. Provision of free access to Public Health and Public Education institutions.

7. The specified residence permit addresses to an extended family circle since in addition to the primary beneficiary-investor  it is also granted to the spouse and children under the age limit of 21 as well as to the direct relatives in the investor’s ascending line and the spouse’s correspondingly.

8. Initial endorsement of five (5) years duration with the potential of renewal provided that the initial investment has been preserved.

9. The duration regarding the possession of the residence permit admeasures the required time for the acquisition of the Greek citizenship. Following seven consecutive years possessing the residence permit the investor and his family members are able to apply for the acquisition of the relevant citizenship. 


Specifically, regarding the granting of residence permit via investment in real estate property

(minimum investment of 250.000 Euro)

1. Investment in a thriving market with large margins of profit. In 2018 foreign investments in the Greek property market increased by a 172% percentage whereas, in 2019 a further increase is anticipated as well. 

2. Extremely low investment amount in comparison with other European investment programs. Indicatively, Spain and Portugal have set as minimum investment the amount of 500.000 Euro. 

3. Ability of leasing the property by long term conventional lease agreement as well as exploiting it via short term leasing electronic platforms. (Airbnb booking). 

4. Flexibility regarding the formulation of the investment: the minimum amount of 250.000 Euro is applicable to be consisted of a single or multiple properties, whereas two or three investors can opt for the acquisition of a property with market value at 500.000 or 750.000 Euro correspondingly and thus all of them to acquire the residence permit.

5. The ownership of the property is applicable to be acquired by an alien corporation resulting to the residence permit granting to a shareholder of the foresaid corporation. 

6. Acquisition of full ownership of the building as well as the corresponding plot area by the alien property owner and his successors. 

7. The alien property owner is not burdened with any additional property ownership tax in relation to native property owners. 

8. Greece possesses the oldest property legislative system in Europe providing total secure transactions.


Specifically, regarding the granting of residence permit via investment in bank deposits (minimum investment of 400.000 Euro) 

1. Provision of currency and banking system stability. Operation of merely four systemic bank institutions, completely restructured.

2. Contemporary banking products with high performance ability.

3. Extremely low investment amount in relation with the rest of European investment programs. Indicatively, Spain has set as minimum investment the amount of 1 million Euro and similarly United Kingdom has determined the amount of 2 million Euro. 

4. There is no additional fiscal charge. As sole tax rate is set a 15% percentage on the total profits which is automatically withheld by the Bank institution and therefore the use of accounting services in Greece is not required necessarily. 

5. Automatic disengagement of the investor since Greece does not subject το any type of restriction relevant to capital flow (capital controls) and therefore the investor is free to transfer the invested amount to any country of his preference at any stage of the procedure.

6. Zero operating investment costs since there is no involvement of notaries, real estate agents, accountants, capital taxation etc.


Related Articles

The EU and Malta’s ‘Cash for Citizenship’ dispute is a cautionary tale – both for poorly thought-through investment migration schemes and those who’d try to stop them. 

Golden Visa - Invest Migration | June 2024

The Golden Visa landscape is shifting in Greece and Europe. These changes tell a story of success for some, and disappointment for others. Last month, the Greek Government announced a move to a four-tiered Golden Visa system.

Golden Visa - Invest Migration | May 2024

As a regular attendee at the prestigious MIPIM conference in Cannes, I once again found myself in the midst of a dynamic gathering of key players in the international real estate industry.

Real Estate | April 2023

Speaking about social globalization the world is more connected than ever due to the widespread of technology.

Golden Visa - Invest Migration | February 2023

While the change of the limit for the Greek Golden Visa has not been established yet and it seems that no change will take place until the new year, the Greek government and the relevant ministers are studying alternative scenarios in order not to damage its popularity.

Golden Visa - Invest Migration | October 2022

The golden visa program was introduced by Law 4146/2013.

Golden Visa - Invest Migration | September 2022

The collection of the first installment by the Recovery Fund, amounting to 3,4 billion euro, towards our country, from which the amount of 1,72 billion regarding no refundable grants and the amount of 1,84 regarding loans.

Golden Visa - Invest Migration | April 2022

You may be forgiven for assuming that the Greek and Portuguese golden visas are more or less the same. After all. both grant their holders EU residency, rely heavily on real estate investment, and follow a similar process.

Golden Visa - Invest Migration | March 2022

Residency by investment (RBI) is a two-way venture. There is the immigration aspect, which in the case of Greece’s Golden Visa is the residency permit, and there is the investment factor, which can be quite complex and highly profitable – if done right.

Golden Visa - Invest Migration | March 2022

By the adoption of the New Immigration Code in 2014, Greece entered the Golden Visa sector dynamically constituting one of the principal choices for investment immigration candidates.

Golden Visa - Invest Migration | March 2022

by Christian Henrik Nesheim


How do you spend your weekends?

Golden Visa - Invest Migration | February 2022

Following the idleness of the investment community recorded during 2020 due to the pandemic, 2021 seems to show improving statistics from foreign investors in Greece.

Golden Visa - Invest Migration | February 2022
How Can We Help You