Since its launch in 2013, Greece’s Golden Visa Program has emerged as one of Europe’s most affordable and attractive residence-by-investment schemes. Designed to draw foreign investors and their families, the program offers permanent residence permits in Greece in exchange for qualifying investments. Beyond securing a foothold in this picturesque Mediterranean country, holders enjoy visa-free access to the broader Schengen Area, unlocking opportunities for travel, education, and long-term settlement throughout much of Europe.
At its core, the Golden Visa grants investors the right to live in Greece without requiring them to reside there permanently. While the investment must be maintained to renew the residence permit every five years, applicants can pursue Greek citizenship after seven years of continuous residence—a compelling prospect for those seeking deeper ties to Europe.
One of the program’s key attractions is its family inclusion provision, allowing the primary applicant to include their spouse, dependent children under 21, and dependent parents from both sides, offering a pathway for entire families to benefit from the residence permit.
The program’s investment thresholds vary according to the type and location of assets. The most accessible option starts at €250,000, specifically for specialized real estate projects like restoration of listed buildings or conversion of commercial properties. For broader real estate purchases, a minimum investment of €400,000 is required for a single property of at least 120 sqm, with prime locations such as Athens, Thessaloniki, and the larger Greek islands commanding a higher threshold of €800,000.
Beyond property, the scheme includes other qualifying routes. Investors can opt for long-term lease agreements for hotels or furnished tourist residences, generally valued between €400,000 and €800,000 based on location. Financial investments are also accepted, including a €500,000 deposit in Greek credit institutions, capital contributions of the same amount in Greek companies or mutual funds, or the purchase of government bonds maturing in at least three years. Additionally, investments in listed shares, corporate bonds, or mutual funds linked to Greece range from €350,000 to €800,000.
For global investors, the program offers a wealth of benefits. Apart from visa-free travel across the Schengen zone, holders can live in Greece without mandatory minimum stays. Investment properties may be rented out, while shares in Greek companies can yield dividends, providing financial flexibility. As long as the investment is maintained, the residence permit has no expiry limit and can be renewed every five years.
Furthermore, residents gain access to Greece’s reputable education and healthcare systems, enhancing its appeal for families seeking stability and quality of life in Europe.
The application process typically involves four key steps. Prospective investors first visit Greece to select their preferred investment. They then complete their property purchase or financial transaction before submitting the application accompanied by essential documents such as passports, proof of investment, health insurance, and clean criminal records. After undergoing final verification, the residence permit is issued. Processing times can vary, with many applicants engaging legal and advisory firms to ensure compliance with all documentation requirements.
Greece’s Golden Visa Program stands out not only because of its affordability but also due to the country’s stable legal system, quality healthcare, and solid education network. Its strategic geographic location facilitates easy connections to Europe, Asia, and Africa, making it a gateway for global mobility.
Today, the Greece Golden Visa remains a top choice for investors seeking residency security and enhanced mobility within Europe. With its adaptable investment options, family inclusiveness, and an inviting lifestyle, the program continues to attract applicants from around the world eager to make Greece their new home.