Golden Visa
The Golden Visa Program enables an entire non-EU family, including dependent children up to age 24 and the parents of both spouses, to obtain permanent residency status in Greece within just 3 months (in some areas it takes less time) with a real estate investment of just €250,000. It is the most competitive permanent residency scheme in Europe.
Golden Visa in Greece enables visa-free travel to all countries of the Schengen zone, for up to 90 days in each 6 months period. It also offers an insurance policy for the future ensuring you always have a second place to call home. Recent legislation changes now enable PR holders to apply for Greece (EU) citizenship as well.
Key Features:
- Includes dependent children up to age 24 (initially the age of a child shouldn’t exceed 21, then s/he can extend till the 24th year of age)
- Includes the parents of both spouses
- 3 month processing time (in some areas it takes less time, i.e. Chania, Crete in 10 days)
- Gives the right to apply for EU citizenship
- Visa-free travel within Schengen zone
What Does Greece Golden Visa Mean?
This means that your family have the right to live freely in Greece or continue to live in your home country and use the permit whenever you need it. Greece is a superb base for travelling throughout Europe with its excellent flight connections to Europe and the rest of the world. Additionally, it offers a high quality of life, including modern medical facilities, shopping, natural beauty, sports, cultural events, a warm climate, and many private schools and universities with English as teaching language. As a Greece Golden Visa holder you are able to enjoy the same health and education rights as Greek nationals.
Who Qualifies For A Golden Visa In Greece?
The Golden visa in Greece applies to the investor, their spouse, unmarried dependent children up to age 24 and the dependent parents of both spouses. The permit is permanent as long as the buyer keeps possession and is renewed every 5 years by presenting to the authority the title deed of the property. Obtaining permanent residency and eventually EU citizenship offers a legacy to your and later your children’s families.
The Real Estate Investment In Greece
The Greece Golden Visa program requires a real estate investment of €250,000 (net of vat). The investment can be made in land, off-plan, new or resale properties as long as the minimum value is met. Investors have the right to sell the property before the expiration of 5 years to another foreign citizen, who can also apply for permanent residency, however, the original investor must forfeit his permit to do so.
In cases of joint ownership, where the value of the property is €250.000, the residence permit is only granted if the owners are spouses with undivided ownership of the property. In all other cases of joint ownership, the Golden Visa in Greece is only granted if the amount invested by each of the joint owners is at least €250.000.
If the owner has acquired the property through a legal entity, the applicant must own 100% of the company shares.
Either a single or multiple properties with a combines value exceeding €250,000 are applicable.
Greece Citizenship By Investment
Permanent residents have the right to apply for Greek Citizanship after living in Greece for 7 years, in accordance with legal provisions. Their children may apply if:
- they attend any school in Greece for 9 years, or
- they attend a secondary school in Greece for 6 years, or
- they attend a University in Greece.
An EU citizen is free to live, work, travel, receive healthcare or pursue education anywhere within the EU, including the UK. In fact, travel benefits extend way beyond Europe with Greek passport holders being able to travel visa free to an extensive list of countries.
Easy Process To Obtain The Greece Golden Visa
STEP ONE: Issue Entry Visa and Visit Greece To Find The Right Property
STEP TWO: Purchase Property And Signing The Sales Agreement (and any power of attorney documents if needed)
STEP THREE: Filing documents for the Golden Visa(through our independent Lawyers)
Documents Needed For The Greece Golden Visa
- Valid copy of passport.
- 3 recent color photographs.
- Copy of the final sales contract of property or properties with minimum value of €250,000.
- Transfer Certificate (of title deed) from the Land Registry.
- Residence Permit Application: €2,000 per adult person.
For the Applicant’s family members (spouse, children): additional recent certificate of marital status, translated and stamped APOSTILE, proving the relationship.
The Applicant can sign the final sales contract and submit the application of RP through a power of attorney.
