ARTICLE
16 April 2024

Greece Golden Visa By Real Estate Investment

Highworth

Contributor

Highworth
Under the current Greek Golden Visa program, the criteria are:
Greece Immigration
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Under the current Greek Golden Visa program, the criteria are:

  • The applicant must be at least eighteen years old.
  • The applicant must have clear criminal record in any country where has ever reside [as
    well as for all family members who are older than 14]
  • The applicant must have a health insurance from a company operating in Greece.
  • The applicant shall invest a minimum of €250,000 for real estate purchases (€500,000
    for 36 of the nation's most popular locations).
  • Issuance of a Power of Attorney for the real estate investment and the residency*

*The applicant shall sign a Power of Attorney for the below services which are divided into two
categories:
1st Category for the real estate investment:

  • To obtain a Greek tax number (TIN) for the applicant
  • To sign the property purchase and sale agreement
  • To register the property with the government
  • To open a Greek bank account (for applicants without an EU/SEPA bank account)

2nd Category for the residency:

  • Every adult shall sign a Power of Attorney
  • In case the applicant is minor then both parents shall sign the Power of Attorney on behalf of the minor

Kindly note that for both categories the Power of Attorney shall be signed in Greek language and
in the presence of a notary and certified translator or in person in Greece or in person at a Greek
Embassy.

Real estate investment from €250.000 or €500.000

  • The duration of the residence permit is five years.
  • To invest the entire €250,000, an investor may put their money into one or more
  • properties.
  • If the applicant can demonstrate that they are the owner of the property, their residency permit may be renewed every five years. The minimum investment requirement for the 36 most populated municipalities, which include Athens, Thessaloniki, Mykonos, and Santorini, is set at €500,000.
  • An investor can invest in one or several properties to make up the total of €250,000.
  • The 36 most populous municipalities (including Athens, Thessaloniki, Mykonos and Santorini) have a minimum investment threshold of €500,000.

Main benefits of obtaining a Golden Visa in Greece:

  • The residence permit is issued for a 5-year period and can be renewed an unlimited number of times.
  • The Golden Visa offers the freedom of visa-free travel for up to 90 days in any 180-day period.
  • Greece offers a high standard of educational facilities, and the EU membership provides access to prestigious European universities.
  • There is no requirement to reside in Greece, either before or after the residence permit is issued.
  • The visa covers the spouse of the main applicant, children up to the age of 21 plus parents of the main applicant, and the married spouses of the parents.
  • Greece offers a high standard of living, with residency providing access to high-qualitymedical facilities.
  • The opportunity to use the investment property as your summer residence.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
16 April 2024

Greece Golden Visa By Real Estate Investment

Greece Immigration

Contributor

Highworth
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