Greece

Greece

Greece offers an idyllic escape for discerning individuals seeking a harmonious blend of history, culture, and natural beauty. With its sun-drenched islands, crystal-clear waters, and ancient ruins, the country provides a captivating backdrop for a luxurious lifestyle. A rich tapestry of mythology, philosophy, and art has shaped Greece into a cultural powerhouse, offering a truly enriching experience. As a gateway to Europe, with its warm hospitality and growing luxury amenities, Greece presents an alluring opportunity to own a second home, where timeless charm meets modern comfort.

 
Greece
Minimum Investment
Processing Time
Validity/ Renewal Period
Global Income Tax
Family Dependency

EUR 250,000

6-18 months

5 Years, Renewable Countries
Taxable*

Spouse + Parents + Children

Key Benefits:

  1. Residence permits granted within 90 to 120 days
  2. The residence permit can be renewed every five years, contingent upon maintaining property ownership in Greece
  3. Potential for long-term rental income from investment properties
  4. Residency extends to the applicant’s immediate family, including spouse, children under 21, and parents of both the main applicant and their spouse
  5. Full access to Greece’s public healthcare and education systems
  6. Eligibility to apply for citizenship after seven years of legal residency
  7. Permission to hold shares and receive dividend income from Greek companies, though employment in Greece is not permitted

Requirements:

  1. Proof of valid health insurance coverage that is applicable in Greece
  2. A valid visa must be obtained at the beginning of the application process to enter Greece
  3. Fulfill the real estate investment requirement in one of the following options:
    1. EUR 250,000: Specialized real estate investment aimed at converting commercial properties to residential use or restoring listed buildings, regardless of location or size
    2. EUR 400,000: Purchase of a single property in Greece, with a minimum size of 120 sqm
    3. EUR 800,000: Purchase of properties in Athens, Thessaloniki, or islands with more than 3,100 inhabitants
  4. Alternatively, choose one of the following other qualifying options:
    1. 10-year timeshare or lease agreement for hotel accommodations or furnished tourist residences, at EUR 400,000 or EUR 800,000 depending on the investment zone
    2. Fixed-term deposit of at least EUR 500,000 with a Greek financial institution
    3. Capital contribution of at least EUR 500,000 in a public limited real estate investment company focused exclusively on Greek investments, or in a closed-end investment company or mutual fund, or a Greek-based company for share capital increase or bonds issued on regulated Greek markets or multilateral trading facilities
    4. Purchase of Greek government bonds worth at least EUR 500,000, with a remaining maturity of at least three years, through a Greek credit institution
    5. Purchase of shares, corporate bonds, or Greek government bonds traded on regulated Greek markets or multilateral trading facilities, with a value of at least EUR 800,000
    6. Acquisition of shares or stocks valued at a minimum of EUR 350,000 in a mutual fund exclusively investing in Greek shares, corporate bonds, or government bonds (traded on regulated markets or multilateral trading facilities in Greece) or in an alternative investment fund based in Greece or another EU member state, dedicated solely to investing in Greece

Application Process

It is required that all crucial paperwork that comes with the application for an immigration permit must be properly authenticated, and a translated version of those documents in the Greek language should also be included.

 

  • Client contacts Us
  • Initial due diligence checks completed
  • Client agreement signed and retainer paid
  • Collection of required documents
  • Client visits Greece with a valid visa and assigns a legal representative to conclude the process 
  • Client chooses and acquires the preferred property
  • Payment of government residence fees and balance of DMC fees 
  • Application for Greek residence submitted to the  government
  • Biometrics captured either the same day or within the next six months 
  • Due diligence checks completed
  • Application approved
  • Greek residence permit issued (with the possibility to apply for citizenship after seven years of residence)

 

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