Greece Golden Visa Overview
In April of 2013, the Greek Parliament introduce the Residence Permit Program in Greece through Real Estate Acquisition, in which any individual citizens from Non-EU countries that acquire Real Estate with a minimum value of €250,000 shall receive the five-year residence permit, provided that the applicant still owns the property.
The residence permit issued by the Greek government will be provide valid visa-free access to the whole Schengen Area.
In July of 2015, the Greek Parliament voted to pass the Amendment to the Immigration Act (No. 4332/2015), which provides that adult foreign nationals who invest in the purchase of real estate property priced at €250,000 or more in the Greek territories, are entitled to five-year permanent residence permit, including their spouses and children up to 21 years old, as well as the parents of both the main applicant and their spouse. This residence permit is valid for five years and can be renewed subsequently every five years, provided that the property is still in the ownership of the applicant.
Investment Requirements
⦁ An investment in real estate with a minimun value of Euro 250,000. An applicant can buy one or multiple properties as far as he/she meet the minimun investment requirements.
Who can apply:
Main Applicant
⦁ At least 18 years old and above
⦁ Non-EU/EEA Citizen
⦁ Purchase a personal health insurance
⦁ No criminal history
Dependents
⦁ The legal spouse of the main applicant.
⦁ Children of the applicant and/or spouse under 21 years of age
⦁ Dependent parents of the main applicant or of their spouse.
Advantages of the Program
⦁ Benefit for the Entire Family: The whole family can obtain permanent residence permits through a single application.
⦁ Lowest Investment: Obtain residence permits with the lowest required investment amount among Schengen Zone.
⦁ Easy Procedure: No requirement for education, language level, business backgrounds.
⦁ Short Application Period: 2-3 months’ time before approval.
⦁ Stable Investment Without Risk: Invest in immovable properties, potential to increase value, and able to rent freely.
⦁ No Residence Requirement: Entering Greece before application is the only requirement.
⦁ Free Access to all Schengen Countries.
⦁ Friendly and Comfortable Living Environment. Ranked one of the friendliest countries in the world with the lowest crime rates in Europe.
⦁ Access to the Same Free Public Healthcare as Greek Citizens.
⦁ High-quality Education: Free access to Greek public schools during the compulsory education period or freely choose from the prestigious international schools.
⦁ Privilege to Joining the Greek Nationality: Investors in Greece can apply for naturalization after 7 years of legal residence (children in Greece with 6 years of public education or more can apply for naturalization).
Application Process: 3- 4 months
⦁ Signup engagement agreement with Guardian.
⦁ Guardian operation team will conduct initial assessments on client’s profile.
⦁ Property Inspection: Guardian team will arrange properties options as per client requirements.
⦁ Opening client’s bank account & applying tax number in Greece.
⦁ Transferring of property title deed.
⦁ Application submission for residency permit. Upon receiving of approval, all applicants must travel to Greece to provide bio-metric.
⦁ Receiving Golden Visa (Valid for 5 years).
