Permanent residence in Greece for the purchase of real estate and investment Since 1992 Feod Group has been providing corporate, immigration and legal services in Greece and other EU countries
The Greek Golden Visa Program is an official state program for obtaining a residence permit for 5 years at once through the purchase of Greek real estate or investments in Greek companies, government bonds, bank deposits.
The Greek Golden Visa is popular as one of the ways to immigrate to Greece and obtain EU citizenship.
A residence permit in Greece for investment can be obtained by third-country nationals and their family members who meet all the requirements and have fulfilled the conditions of the program.
Greece Golden Visa Benefits
✔ Residence permit for the whole family In addition to the investor, permanent residence in Greece under the Golden Visa program can be obtained by: spouses, children, and parents of the investor or spouse.
✔ Residence permit immediately for 5 years A Greek resident card is issued immediately for 5 years with the right to renew, and you do not need to renew the residence permit every year, as in other programs.
✔ Right of permanent residence or no residence After receiving the Golden Visa, you can live in Greece permanently or come to rest at any time. In order to maintain a residence permit, an investor does not have to live permanently in Greece.
✔ Remote purchase of real estate and submission of documents You can pick up and buy Greek real estate, apply for a residence permit remotely, without visiting the country. You and your family only need to visit Greece once for biometric data collection.
✔ No restrictions on property location As an investment, you can buy property in Greece, both in the tourist center and on the outlying islands.
✔ Passive income Greece is a tourist country, so an investor can earn income from investments by renting out property. On average, real estate in Greece gives about 4% to 6.3% yield per year.
✔ Residence permit with the possibility of obtaining citizenship The investor retains the residence permit permanently, provided that he does not sell the property and retains the investment. After 7 years, you can apply for Greek citizenship. The Greek passport is one of the best passports in the world with visa-free access to 185 countries.
How to get a Golden Visa in Greece in 2023
It is possible to obtain a Greek Golden Visa by choosing one of several investment options (for example, buying a property in Greece, investing in a business or Greek funds) and meeting the criteria for an investor.
⇒ Real estate investment
Buying property in Greece for a Golden Visa is the most popular type of investment.
The minimum threshold for buying property in Greece is at least 250,000 €.
From 2023, in some parts of the country, the minimum amount of investment in real estate for obtaining permanent residence in Greece has been increased to 500 thousand euros.
The minimum value of €500,000 at the time of purchase will apply to: – northern part of the country – the central and southern sectors of Athens in the region of Attica – the islands of Mykonos and Santorini – Municipality of Thessaloniki.
📌 The transitional period will last from July 31 to December 31, 2023.
Investors can complete their investment in the property until 31 December 2023 with a minimum investment value of €250,000, subject to an advance payment of 10% of the property price by 31 July 2023.
Benefits of investing in Greek real estate for a Golden Visa: ✔ Investments can be made in under construction, new or resale residential or commercial real estate. ✔ Investors who own real estate in Greece are allowed to rent it out. ✔ Greek housing prices continue to rise, making the investment very profitable.
⇒ Feod Group lawyers provide full legal support: from the selection of real estate, negotiating with developers or property owners, checking owner documents, all technical documents and development plans, opening bank accounts and applying for a residence permit in Greece for 5 years for the whole family.
Other investment options
⇒ From €400,000 investment: – in Greek government bonds – to a real estate investment fund (IFN) for the purpose of investing exclusively in Greece – in the shares of companies engaged in real estate investments in Greece – making a deposit in a Greek bank.
Residence permit and citizenship of Greece under the Golden Visa
Under the Greek Golden Visa program, a residence permit is issued immediately for 5 years and is renewed for the same period each time.
To maintain the status and extend the status of a resident, there are no requirements for the permanent residence of the investor in Greece.
However, in order to extend the Greek residence permit, you must provide documents confirming the ownership of a specific investment and comply with other conditions for granting a residence permit.
Investor family members
In addition to the investor, a residence permit in Greece under the Golden Visa program can be obtained by: a spouse, children under the age of 21, and parents of the investor or spouse.
The investor’s family members also receive a 5-year permanent residence permit with the right to renew, which expires at the same time as the main applicant’s residence permit.
Obtaining Greek citizenship by investment
The Greek Golden Visa program is not a direct citizenship by investment program, but does not limit the rights of the applicant and his family to obtain Greek citizenship and a passport. Holders of a Greek residence permit can apply for naturalization in Greece after seven years.
Greece allows dual citizenship, so there is no need to renounce your previous citizenship.
Taxes for investors in Greece and tax residence status
After obtaining a Golden Visa, you do NOT automatically become a tax resident of Greece and you do not need to pay taxes on income received outside the country. But your income received in Greece must be declared and you must pay taxes on this income.
If you decide to become a tax resident of Greece, then you need to pay taxes in Greece on income received worldwide.
At the same time, Greece introduced three alternative tax regimes for its new tax residents.
Alternative tax regimes apply to investors, retirees and employees/freelancers.
For investors: €100,000 annual flat tax on total income from foreign sources (maximum validity: 15 years).
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Greece Golden Visa - FAQ
How to get a Golden Visa in Greece in 2023?
To obtain a Greek residence permit through the Golden Visa program, applicants need to invest €250,000 in real estate (€500,000* in some regions) or €400,000 in Greek companies, bank deposits or government bonds.
*From 2023, in some regions of Greece, the minimum amount of investment in real estate to obtain a Golden Visa has been increased to 500 thousand euros.
How many years is the Greek Golden Visa issued for?
A Greek residence permit for investment is issued immediately for 5 years and can be extended indefinitely if the conditions are met. After 7 years of residence, the investor and his family members can apply for citizenship and a Greek passport.
How long do you need to stay in the country to keep your residence permit?
There are no requirements
Is it possible to issue a Golden Visa remotely?
Yes, it is enough to visit Greece in person only once to take fingerprints.
Which EU countries have Golden Visa programs?
Golden Visa programs are available in many countries of the European Union: Cyprus, Malta, Portugal, Italy, France and Spain.
Elena Georghiou – Founder and Managing Director of Feod Group. Has two higher educations: the first at the Odessa State Polytechnic University, majoring in automation and computer engineering (1986) and second in the Moscow State Law Academy, majoring in law (1991). Has work experience in London i...
Elena Georghiou – Founder and Managing Director of Feod Group. Has two higher educations: the first at the Odessa State Polytechnic University, majoring in automation and computer engineering (1986) and second in the Moscow State Law Academy, majoring in law (1991). Has work experience in London immigration law firms. Is a regular participant in seminars and trainings on immigration, corporate and private law of the European Union. Elena Georghiou has more than 25 years of legal experience and heads the specialized Residency and Citizenship practice across European countries, UK and USA advising HNWIs and their families on:
immigration planning;
consultations on obtaining alternative (second) citizenship;
Residency and Citizenship by Investment;
business immigration;
preparation of appeals, working with complex immigration cases.
She advises individuals and corporate clients for wealth/business structuring and assets protection. Central to her Managerial role in the company she initiated and united high level lawyers and other top professionals around the word in order to provide Feod Group clients with bespoke level of legal and business services word wide, keeping the staff focused on the opportunities and challenges faced by each individual client. Speaks Russian, Ukrainian, English.
Since 1992, Feod Group has been providing a wide range of legal, business and immigration services in Europe, the USA and other countries of the world.
The company has accredited western lawyers, experts in various fields of law and jurisdictions of the world.
Having offices in Europe and the USA, Feod Group provides rapid paperwork and maximum customer comfort.
We provide our clients with related services, such as relocation and adaptation abroad, organizing family relocation abroad, enrollment of children in schools and many other services.
Countries where we offer visa and immigration support:
