Greece’s Golden Visa program offers third-country nationals and their families the opportunity to obtain permanent residency in the country through a variety of investment options. This program has gained popularity for its flexibility, competitive investment thresholds, and the added benefit of free movement within the Schengen Zone.

Investment Options for Obtaining a Golden Visa

To qualify for the Golden Visa, you must meet one of the following minimum investment thresholds:

1. Company Establishment & Operation – Minimum Investment: €500,000.
2. Executive & Shareholder Participation – Minimum Investment: €500,000 – You must hold at least 33% ownership in a Greek company.
3. Financial Investments – Minimum Investment: €500,000 – Investment can be made in Greek bank accounts, mutual funds, bonds, and other eligible financial instruments.
4. Start-Up Investment – Minimum Investment: €250,000 – This lower threshold applies for investments in approved Greek start-up businesses.
5. Real Estate Purchase – You may also choose to acquire real estate property. Investment amounts vary based on the location and type of property – Minimum investment of €800,000 for High-Demand Areas (The entire Region of Attica, including Athens, Thessaloniki, Mykonos, Santorini, Islands with populations over 3,100, e.g., Crete, Euboea, Corfu), or Minimum investment of €400,000 for Other Areas, or Minimum investment of €250,000 for properties where a change of use to residential is permitted.

•  General Property Specifications: The investment must be in a single property with a minimum area of 120 square meters.

Residence Permit Duration and Renewal

The Greek Golden Visa is initially valid for 5 years. It can be renewed for another 5 years, if the investment is maintained or the business continues to operate. Importantly:

• Absence from Greece does not affect the right to renew the residence permit

Family Member Inclusion

One of the Golden Visa program’s key advantages is the ability to include family members:

• Family members may apply simultaneously or later, upon entering Greece.
• The family residence permits are valid for the same duration as your permit.
• Family residence permits do not allow access to employment in Greece.

Benefits of Golden Visa

As a Golden Visa holder, you and your family members enjoy numerous advantages:

• Legal residence in Greece for 5 years, with the option to renew indefinitely.
• Visa-free travel within the Schengen Zone, with up to 180 days of stay per year in other Schengen countries.
• Access to Greek education under the same terms as Greek citizens.
• No requirement to reside in Greece permanently to maintain the permit.

Taxation of Income from Investments in Greece

Any income generated from real estate or businesses in Greece is subject to Greek taxation laws. This includes rental income, dividends, and business profits.

How we can help

Navigating the Golden Visa process can be complex, with various legal, financial, and administrative requirements. Our law firm provides comprehensive legal support at every stage of your Golden Visa journey. From initial consultation and investment guidance to application preparation, property due diligence, and submission to the competent authorities, we ensure that your application is handled with precision and efficiency. We also assist with family member applications, tax compliance, and post-issuance legal matters to help you fully enjoy your new residency status in Greece.

Contact us today for personalized legal counseling tailored to your investment goals.