The Greece Golden Visa program offers non-EU citizens a streamlined pathway to residency through strategic investments, primarily in real estate. This program not only grants the right to reside in Greece but also facilitates visa-free travel within the Schengen Area and provides a potential route to citizenship. Below is a detailed guide to help you understand the process.
1. Understand the Program
The Greece Golden Visa program, established in 2013, allows non-EU nationals to obtain a five-year renewable residence permit by making a qualifying investment in Greece. This permit extends to the investor’s spouse, children up to 21 years old, and dependent parents. Key benefits include the right to live in Greece, access to public services, and visa-free travel within the Schengen Zone.
2. Choose Your Investment Type
While there are several investment options available, real estate investment is the most popular route. Recent updates have increased the minimum investment amount to €800,000 in certain prime areas. However, projects in Peristeri, a suburb of Athens, still qualify at the original €250,000 threshold. These properties are part of urban renewal and redevelopment initiatives encouraged by the Greek government, making them an attractive and affordable investment option.
3. Finalize the Investment
For real estate, this involves selecting a property, conducting due diligence, and signing the purchase agreement. Legal assistance is highly recommended to ensure compliance with Greek property laws and regulations.
4. Prepare Required Documents
Gathering the necessary documentation is crucial for a smooth application process. Required documents include:
- Valid Passport: Ensure it is valid for at least three months beyond your intended stay.
- 4 recent colour photos of each applicant (passport photos)
- Certified copy of the purchase contract
- Certificate issued by the Land Registry for the non-existence of any encumbrance on the property
- Private insurance contracts
- Birth certificate of the main applicant (and of all the family members, in case the main applicant applies for his/her family i.e. parents, children, parents-in-law etc)
- Marriage certificate (in case the main applicant applies for his wife/her husband).
- Family status certificate (in case the main applicant applies for his children)
5. Submit Your Application
The application must be submitted to the local Alien and Immigration Department in Greece. Ensure that all your documents are complete, translated, and certified before submission. The review process typically takes 3 to 4 months.
6. Receive Your Residency Permit
Once all requirements are fulfilled and the investment is finalized, you will receive your residence permit. This permit allows you to reside in Greece for five years and is renewable, provided you maintain your investment.
If you’re ready to take the first step toward obtaining a Greece Golden Visa, Essential Living is here to guide you. We offer exclusive investment opportunities in Peristeri, Athens, starting at €250,000. Contact us today to explore your options and secure your residency in one of Europe’s most desirable countries.
