Investing in Greece - Golden Visa Programme

Date: 25 Feb 2020

Greece is a modern country, strategically located at the crossroads of Europe, Asia, and Africa and boasts the longest coastline in the Mediterranean and one of the largest shipping fleets in the world.

A modern democratic country, Greece is the birthplace of democracy and offers excellent education through established international schools, access to high-quality healthcare and a tolerant multi-cultural environment.

Greece is the largest economy in the Balkans and is often used as a gateway to investment in the Balkan peninsula and across Europe.

Greece has been a member of the European Union since 1981 and part of the Eurozone since 2001.

Permanent Residency in Greece – the Golden Visa Program

The Greek Golden Visa program enables a non-EU citizen to obtain permanent residency status in Greece with a real estate investment of at least €250,000. The investment may be made in the investor's own name or through a legal entity wholly owned by the investor. Investments are eligible whether they relate to a single property or to multiple properties with a combined value of at least €250,000.

Actual residence in Greece is not required for obtaining a permanent residency permit and the permit remains permanent as long as the investor maintains ownership of the property. The permit must be renewed every 5 years.

The duration of the process depends on the relevant authority before which the application will be submitted.

Holders of Greek Permanent Residency enjoy the same health and education rights as Greek nationals and benefit from visa-free travel to all countries of the Schengen area, for up to 90 days in each 6-month period. Further, permit holders may be able to apply for Greek citizenship after 7 years, subject to complying with certain additional criteria.

Who can apply?

In addition to the investor, the following people can apply for Permanent Residency:

  • the investor’s spouse,
  • unmarried children up to the age of 21, and
  • the applicant’s parents and parents-in-law.

Why us?

As a leading law firm in Greece, we provide our services with efficiency, integrity and professionalism. Our concern is to protect our clients' legal interests in whatever kind of investment they may choose to make, and to enable them to apply for Permanent Residency in Greece under the Golden Visa programme. Our specialist lawyers with extensive knowledge of Greek Immigration law have successfully assisted and guided many clients through the process of obtaining residency by investment in Greece.

We are consistently recommended by reputable international directories such as the Legal 500 and Chambers & Partners which recommend us for the quality of our services and our international expertise. In the field of Immigration Law, the firm has been awarded with the Corporate Live Wire's 2016 Global Award and the Corporate INTL 2020 Global Award.

Contact us now for more information!

Our brochure for Immigration and Investment services in Greece 

Email: cga@kyprianou.com

Website: http://www.kyprianou.com

The content of this article is valid as at the date of its first publication. It is intended to provide a general guide to the subject matter and does not constitute legal advice. We recommend that you seek professional advice on your specific matter before acting on any information provided. For further information or advice, please contact us at cga@kyprianou.com

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