Residence Permit - Golden Visa

Golden Visa Program

Golden Visa is an investment program with additional advantages offered by many European countries, including Greece. It is a visa program that provides visa-free travel to non-European investors and their families in the Schengen area. The Greek Government has established a flexible and fast procedure for non-EU/EEA foreign investors who wish to obtain a residence permit for their business activities in the country. Within the framework of the implementation of the investment, the Immigration and Social Integration Law (Law No. 4251/2014, Government Gazette No. 1, No. 80) contains provisions that facilitate the issuance of residence permits to third-country nationals and their family members in return for a minimum investment of €250.000. Greece Golden Visa program, with its flexible terms, provides a competitive advantage compared to its peers. It offers the investment program with the lowest minimum investment amount among other investment programs in Europe. Through local investment advisors, these residence permit procedures can be easily completed remotely. Golden Visa is an Investor Residency Program and the gained rights apply permanently as long as the investment is held. The investor does not have to be in the country.

The Advantages of the Golden Visa Program

The Golden Visa Program provides the following advantages to its investors:

  • Residence permit in Greece for the person making the property investment, his/her spouse and children, if any, his/her parents and his/her spouse's parents. Children up to the age of 21 are granted a visa. Afterwards, the Golden Visa can continue for these people through the transfer of the real estate to the child or the purchase of a new property.
  • The right of free movement in all Schengen area countries.
  • Free access to health and education services in Greece.
  • Rental income in foreign currency.

Τhe Conditions of The Golden Visa Program

In order to obtain the right to apply for the Golden Visa, the investor must purchase one or more real estate properties with a minimum value of € 250.000. After the real estate purchase process is completed, the Golden Visa application process begins.

    As of August 31, 2024, the minimum investment amount has been updated as detailed below:
  • € 250,000: Properties are without any city and regional restrictions but must have industrial or commercial title deeds which will then be converted into residences for the minimum investment amount of 250.000 Euros.
  • € 400,000: The minimum investment amount is 400,000 Euros in all regions except Athens, Piraeus, Thessaloniki and islands with a population of over 3,100. There is an additional requirement that the property is at least 120 square meters. Short-term rentals are prohibited. Acquiring joint property is also prohibited.
  • € 800,000: The minimum investment amount in the provinces of Athens, Piraeus, Thessaloniki and all islands with a population of over 3,100 is 800.000 Euros. There is a requirement to purchase a property of at least 120 square meters. Short-term rentals are prohibited. Acquiring joint property is prohibited.

    • Golden Visa Fees

    In case of purchasing a real estate in Greece, the following costs are incurred:

    • Sales tax: 3.09% of the sales price
    • Notary fee: 1.2% of the sales price + 24% VAT
    • Attorney's fee: 1% of the sales price + 2.500 € Golden Visa Consultancy Fee
    • Real Estate Consultant Service Fee: 2% of the sales price + 24% VAT
    • Cadastre registration fee: 0.8% of the sales price.
    • Golden Visa application fee: € 2.016 for the property owner; € 166 per adult; € 16 for children.

    Τhe Process of Golden Visa Program

    1. Real Estate Purchase Process:

    After you determine the real estate you plan to invest in Greece, the purchasing process begins. The sales process of a house is handled by an engineer, a lawyer and a notary public. First of all, the owner of the flat must have the electronic ID of the flat ready by having an engineer examine it. Afterwards, the current contract of the flat is examined through the lawyer from the year of construction of the flat to the present. After examining situations such as inheritance, transfer and debt, the lawyer reports whether the flat is suitable for sale. After this report, if all the conditions are suitable for the sale, the sales contract is prepared by the notary public. After the signing of the contract and the realization of the money transfer, the real estate purchase process is completed with the registration of the title deed.


    2. Golden Visa Process:

    Immediately after the completion of the real estate purchase process, the application process for Golden Visa is initiated through a lawyer. Our investors follow the whole process remotely, thanks to the power of attorney to be given to the lawyer, both in the purchase of real estate and in the Golden Visa process. After the online application for Golden Visa to the Ministry of Immigration and Asylum, an appointment is made for each person who will receive a visa to provide fingerprints. All persons who will receive a visa at the appointed appointment day and time go to the nearest Greek authority and give their fingerprints. Residence permits, called Blue Cards, are prepared and delivered to the lawyer within about 2 months after the completion of these procedures. The Blue Card is issued for a period of 5 years and is extended every 5 years by submitting a fingerprint and a few simple documents.

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