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Real Estate Investors - Golden Visa
New Rules

The Greece Golden Visa Program is a residence-by-investment program that allows non-EU citizens and their family members to obtain permanent residence permit in Greece. To qualify, you must invest a minimum amount of 250 000 €. The permit is valid for five years and can be renewed indefinitely.You can include your spouse, children under 21, and parents in your residency application.NEW RULES for the Golden visa in Greece have been implemented since September 2024. As of Article 64 of Law 5100/2024, the Greek government introduced new investment restrictions into three main price tiers, based on property location and type.To qualify for the Golden Visa program, the minimum property value threshold is set at:

• 800 000 € in a single property of at least 120 sq.m. in regions of Attica (including Athens), Thessaloniki, and all islands with a population of more than 3,100 such as Mykonos, Santorini, Crete.
• 400 000 € in a single property of at least 120 sq.m. in other areas of Greece.

Based on the same legislation, the minimum amount of investment remains at 250 000 € in the following cases:

• Property where a conversion to residential use is permitted. Such a property is exempt from the minimum area and region requirements.
• An industrial building or part of it, if it has not operated as such for the last 5 years. The change of use must have been completed before the submission of the application for the residence permit.
• A building or part of a building under maintenance to be restored or renovated and if the restoration or renovation is completed.

These properties are not permitted to be used as the headquarters or branch of a company.Rental restrictions: Short term rentals of Golden visa properties are prohibited, including subleasing. It is unclear if this restriction will be applied to existing Golden Visa holders.For more details and information please contact the representatives of the MBG consulting company .

Documentation for Real Estate Investors (Golden Visa)

Documents required for the issuance of a residence permit for real estate investors:

• Passport with a valid entry visa to any country in the Schengen zone
• Property purchase contract for one or more real estates on Greece, priced in total 250.000 € euro and proof of transfer of the contract from the competent Land Registry

or

• Copy of notarial document of lease regarding hotel establishments
• Proof of transfer of the competent Land Registry to which the relevant lease agreement has been transferred

or

• Contract for the purchase of a land plot and a contract for the construction/renovation of a house submitted to the Tax Authority
• Building permit under the name of the interested individual
• Contractor’s invoices along with the relevant receipts 

or

• Leasing agreement of, at least, ten year duration 
• Certificate of conveyance by the competent Land Registry
• Certification by the Greek Organization of Tourism that has cognizance of the particular leasing agreement
• State Fee
• Photos

No limitation for maintaining bank account in Greece

Duration: five years

No obligation for residing in Greece

Advantages of Golden Visa holders

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Individuals who receive a Residence permit in Greece with the Golden Visa program, can enjoy the following benefits:

• Free entrance and stay in Greek State. A minimum stay in Greece is not required. The Client with his family have the right to stay in Greece from 0 to 365 days/per year. 
• Free travel and stay to other Schengen countries up to 90 days per 6 months. 
• Although the Golden Visa doesn’t provide any right on the work market, the investor still has the right to be a shareholder to a company or incorporate his own company in Greece.  
• Free access to the Greek national/private educational system for children of the investor 
• The investor has any right to rent or sublease his properties and collect income 
• The investor can buy a car with Greek templates and acquire Greek driving license 
• The investor and his family members have the right to obtain the Greek Citizenship after they are able to prove at least 7 years physical residency in Greece and having succeed in written exams concerning Greek history, geography, politics, culture and Greek language. 

To find the suitable property for you visit the website www.grekodom.com

 

Financially Independent Person (FIP) Residence Permit in Greece

The Financially Independent Person (FIP) residence permit is available to non-EU citizens who wish to live in Greece without working or carrying out independent professional activity in the country.

Applicants must demonstrate stable and sufficient financial resources to support themselves and their family members.

Financial Requirements

The required financial resources are generally:

• €3,500 per month for the main applicant
• +20% for the spouse
• +15% for each minor child

The income must be supported by appropriate official documentation.

Required Documents

For the Type D National Visa:

• Valid passport
• Health certificate
• Criminal record certificate
• Proof of sufficient financial resources
• Proof of accommodation in Greece, such as a property purchase or lease agreement

For the Residence Permit:

• Application form
• Recent photographs
• Valid passport
• Proof of payment of the applicable fee
• Health insurance, where required
• Proof of sufficient financial resources
• Proof of accommodation in Greece

Additional documents may be required depending on the applicant's nationality and individual circumstances.

Application Process

1. Apply for a Type D National Visa, where required.
2. Enter Greece and submit the residence permit application.
3. Submit the required documents and biometric data.
4. Receive the residence permit upon approval.

Duration

The FIP residence permit is issued for 3 years and may be renewed if the applicant continues to meet the applicable requirements.

Can FIP Residence Permit Holders Work in Greece?

No. The FIP residence permit does not provide general access to employment or independent professional activity in Greece.

Can FIP Residence Permit Holders Travel in the Schengen Area?

Yes. A valid Greek residence permit allows travel within the Schengen Area, subject to the applicable Schengen rules.

Note: Requirements and supporting documents may change. The exact requirements depend on the applicant's individual circumstances and nationality.