Renowned for its rich culture, Greece is one of the oldest civilizations in Europe. The country is well-known for its scenic beauty. It is part of Europe, the Balkans, and the Mediterranean. It is located at a point between Asia, Africa, and Europe. It is known as one of the most picturesque countries with 1/5th of its area covered in pristine beaches, lush green islands, and numerous historical sites. Greece was controlled for more than a thousand years by the Byzantine Empire and then the Ottoman ruled it for four centuries.
Greece is part of the European Union. It is also a famous tourist spot due to its culture, history, and cuisine. Also, the country has significant contribution in philosophy, mathematics, medicine, and theatre. Besides being a popular vacation and tourist spot, it can be one of the best countries to live in. Greece residency by Investment is the best route to achieve that.
The Greece Golden Visa Program is one of the most popular and beneficial residence by investment programs providing access to Europe. The successful applicants and their families can greatly benefit from the Greece Residency by Investment program. Since it is a member of the EU, Greece provides its residents with excellent perks like safety, security, and top level education and healthcare facilities. The residents can live in Greece and engage in business activities while enjoying all the benefits of the EU/Schengen residency.
The Greek government launched the Golden Visa Program in 2013. More than 22,500 residence permits were granted to non-EEA and non-EU investors and their families during January and June 2020. The investors are required to invest minimum €250,000 in property. Greece Golden Visa holders can stay in the country and freely travel within the EU and Schengen zone for five years. They need to maintain their property during this period.
The Greece Golden Visa does not have any residency requirements. The residency permit is valid for 5 years and if the investors own the property after 5 years, it can be renewed.
The Greek government revised and made some changes in the Greece Golden Visa program earlier this years. The minimum investment requirement has increased from €250,000 to €800,000 in certain areas. The changes became effective from September 1st, 2024. The increased limit applies to the real estate investments in the region of Attica, Mykonos, Thira, and Thessaloniki as well as the islands with population over 3100.
If you submitted your application for Greece Golden Visa already, your case will be in process. Therefore, new changes to the program will not affect your application. The investments will go as planned according to the previous rules.
Contact DM to ensure your approval of Greece investment citizenship via the Greek Golden Visa program. We will see that from application to the approval process, everything goes smoothly without a hassle.
€250,000: Specialized real investment allotted towards the conversion of commercial properties into residential use or restoration of listed buildings no matter their location or size.
€400,000: This investment has to be made in a single property for purchasing properties in Greece. Their size must be at least 120 sqm.
€800,000:This investment is required for purchasing properties in Athens, Thessaloniki, and islands having more than 3100 inhabitants.
The Greece Golden Visa program is not exactly a citizenship by investment program. However, after spending seven years and meeting certain criteria, one can apply for naturalization.
Here is the eligibility criteria for applying for the Greek Golden Visa:
To apply for Greek Golden visa, you are required to submit the following documents with your application:
The first thing to do is determine the investment criteria and select the property you want to invest in. There are different investment features you could opt for as long as the property value is equal or more than the minimum investment amount.
It is important to adhere to all the legalities. You are required to get a Non-resident Tax Number and open a bank account in a Greek bank. As an optional step, you can also execute a power of attorney.
You would need to follow all the necessary steps and perform the due diligence of the property by a lawyer on your behalf. Then, you should get the promissory sale and purchase agreement and the execution of a public deed.
Gather all the required documents that are mandatory for the Greek Golden Visa application. It is a bit complicated process and requires attention to detail. Therefore, hiring a lawyer could help you handle all the legal matters. The applicant was required to visit Greece before to submit the biometrics data to the relevant Greek authorities. But due to the new changes in the Greek Golden Visa, you can now apply for the Greece residency by investment remotely. All you have to do is provide your law firm with a Power of Attorney.
The relevant authorities would approve your Golden Visa application. Then after approval, you will get a Golden Visa Residence Card.
You can apply for a Golden Visa residence card renewal every five years. This makes it easy for the applicant to acquire permanent residence in Greece.
After living in Greece for seven years and paying the taxes, you will be eligible to apply for Greece citizenship and passport. You can apply for Greece residency by investment from Dubai with the help of DM. Our immigration and investment experts assist clients with citizenship investment and residence by investment.
Listed below are the benefits of acquiring a Greek Golden Visa:
Applicants can chose from multiple investment options. Aside from making an investment of USD 1,000,000 in a new enterprise or an investment of USD 500,000 in a new enterprise within a specific commercial region, applicants are also required to actively manage their daily operations and all facets of their business operations. Our Greece Investment Citizenship consultants in UAE offer the following services for availing citizenship by investment options in Greece.
The DM experts will do an initial check before applying. It is to understand and overcome the possible hazards your application may face from getting approved.
The applicant can choose the property online or visit to choose one. Once the property has been selected, you can ask the DM consultant to process further legal requirements or do it yourself. The choice for investment is given to the applicant, and he may choose among the above options for investment.
The applicant has to travel to Greece to get the passport stamped before applying for the Green Citizenship by Investment. However, if the applicant does not possess Schengen Visa, then an option for Greek Tourist Visa is to opt from the Greek Consulate in the applicant’s country of origin. In the meantime, representatives of DM consultants will prepare property purchase documents to complete the purchase and submit the finalised Residency Permit documentation to the Government. Our Greece Investment Citizenship consultants in UAE offer the following services for availing citizenship by investment options in Greece.
After the application is submitted the authorities cross verify the details provided by the applicant. Any application for Green Citizenship by Investment with inaccurate data or misinformation regarding the applicant can result in visa denial.
A residence Permit may take 1 to 2 months to be approved.
No, Greece does not offer direct citizenship by investment. Interested applicants have to make a financial contribution to the country, invest in real estate, or opt for the Greece Golden visa. You could opt for residency after completing the investment. One become eligible to apply for Greece citizenship after being a Greek resident for seven years.
