GreeceResidency By Investment
- Real Estate investment starting from EURO 250,000
- Residence Permit in EU
- Visa free travel to the Schengen Zone
- Minimum Physical stay requirement
- Path to Greek citizenship
Overview
The Greek ‘Golden Visa’ Program is one of the most cost-effective routes to secure EU residency for foreign investors and their families. Purchase of one or several immovable properties in Greece with minimum value of €250,000 opens a path leading to Permanent Residence Permit in this EU-member country, part of the Schengen Zone.
Initial Residence Permits have five (5) year validity.
Effective as of July 31st, 2023, the minimum investment threshold has been doubled in specific regions of Greece (including Athens, Mykonos, Santorini, and Thessaloniki), now set at €500,000. Furthermore, these regions are subject to the single property rule, and the increased threshold must be met without the option to split investments in several properties.
The option to renew the five-year Residence Permit is available every subsequent five years as long as the applicant retains ownership of the property.
Family Inclusion
The Greece ‘Golden Visa’ program encompasses the main applicant’s spouse or partner, children under 21 years old and parents of both the main applicant and the spouse.
Permanent Residency & Citizenship
After seven years of residency, it is possible to apply for permanent residency in Greece. Citizenship can be obtained after living in Greece for at least seven years and meeting additional requirements, including knowledge of the Greek language.
Benefits
Visa-free travel
Potential ROI (Return on Investment)
Healthcare and Education
Simple and Fast Procedure
No Residency Requirement
High Living Standards
Investment Options
| Purchase of a real estate with minimum value of €250,000 outside Athens, Mykonos, Santorini, and Thessaloniki |
| Purchase of a real estate with minimum value of €500,000 in Athens, Mykonos, Santorini, or Thessaloniki |
| A capital transfer of at least €400,000 into a company registered in Greece; |
| Purchase of Greek government bonds with an acquisition value of at least €400,000; |
| Bank deposit of at least €400,000 to a Greek credit institution of at least one-year duration with a standing renewal order; |
| Purchase of shares, corporate bonds or bonds of the Greek government at a minimum value of €800,000; |
| Purchase of at least €400,000 worth of equity shares in an equity fund; |
| Purchase of at least €400,000 worth of shares or shares in an Alternative Investment Firm (AIF), which is incorporated in Greece or in another EU Member State and is intended to invest exclusively in real estate in Greece. |
Applicable Fees
The following fees apply for the Greece ‘Golden Visa’ program:
| Due diligence fee for main applicant | USD 7,500 |
| Due diligence fee for any dependent above 16 | USD 4,000 |
| Application forms per applicant | USD 250 |
| Passport fees | USD 300 |
Application Process
Bayat Legal Services’ compliance team will conduct an internal due diligence check, which entails a background security screening of the applicant, Preparation of KYC (Know Your Client) and a qualification assessment.
Bayat Legal Services will meticulously analyze the client's application. Once this is done, the client will proceed to sign a retainer agreement with the firm. Subsequently, Bayat Group will curate a customized list of necessary documents – recognizing that each client's situation is unique – to facilitate the application preparation process.
The application for the Greece Golden Visa, along with all the necessary documentation, will be submitted to the pertinent Greek authorities.
Applicants will choose their preferred investment option and open a bank account in Greece to streamline future financial transactions related to the application.
While the processing time for the application can vary, once approved, applicants will receive residence permits allowing them and their family members to enter and live in Greece. It's important to monitor the residence permit's expiration date and renew it promptly every five years.