The Greek Golden Visa Program offers property investors the opportunity to obtain a five-year residence permit. Currently, the minimum investment requirement is €250,000, but it will increase in 2023 to €500,000 in certain parts of the country, including Athens, the capital.
Investment Options for Greek Golden Visa
Investors participating in the program have the option to invest in residential or commercial properties. The real estate can be rented out, providing additional income. After five years, investors have the ability to resell the property and recoup their initial investment if they choose to.
Beneficiaries of Greek Golden Visa
In addition to the investor, the program allows for the inclusion of certain family members such as:
- Spouse
- Registered partner
- Children below 21 years of age
- Parents of the investor and spouse
Benefits of Greek Golden Visa
Under the program, all participating family members are granted a five-year residence permit in Greece. They enjoy the benefits of living, working, and studying in the country, as well as the ability to conduct business and optimize taxes. Furthermore, they are eligible to visit Schengen countries without the need for a visa. After seven years of residence, they have the option to apply for European Union citizenship.
Validity and Renewals
The Greek Golden Visa is valid for 5 years once obtained provided the minimum required investment is maintained. Also, this is renewable every 5 years provided the minimum investment is maintained in Greece.
The Greek Golden Visa Program presents an attractive opportunity for property investors to gain residency in Greece and potentially obtain EU citizenship, providing various advantages for individuals and their families.
Rhodes Royce Properties is a licensed Realtor in Greece. If you are interested acquiring a Greek Golden Visa through real estate investment in Greece, please contact us for free consultation and advisory.
