GREECE GOLDEN VISA PROGRAM IS DUE TO INCREASE FROM €250,000 TO €800,000
To catch the deadline of €250,000 property investment: you must sign a promissory buy and sale contract by August 31st and pay 10% deposit; and sign the final deed and pay full amount by December 31st and submit your application by December 31st.
The investment threshold will go up from €250,000 to €800,000 by Sept 1st, 2024. The Greece Golden Visa offers instant permanent residency tied to your investment. The application process typically takes just a few months, and it provides visa-free access to the Schengen area.
Still the lowest investment threshold for property at €250,000. The investment threshold will go up by Sept 1st, 2024. It is recommended for individuals seeking immediate permanent residency with a low investment budget.
Part of EU
Part of Schengen
Permanent Residence Permit
€250,000 / €500,000 investment in property；€400,000 investment in funds
Entry once every 5 years
Dependent – Spouse, children and parents
Permanent residence: Immediately
Citizenship: Reside for 6 years and 2 months within an 7-year period
Qualified Investments for Greece Golden Visa in 2023
Invest in Property
€250,000 / €500,000 investment in property Will go up to €800,000 by Sept 1st!!
To catch the deadline of €250,000 property investment: you must sign a promissory buy and sale contract by August 31st and pay 10% deposit; and sign the final deed and pay full amount by December 31st and submit your application by December 31st.
JWP Fund invests in established operational hotels. This fund operates without leveraging and offers consistent income generation for its investors. Achieve your Golden Visa through a secure investment that ensures a steady income stream. As it has received government pre-approval, your investment carries no eligibility risk for the Golden Visa.
The only real estate fund in Greece with complete qualifications and approval from government for Golden Visa
No leverage is used: mature interest-earning assets acquired under the name of the fund are 100% owned by investors, ensuring that investors’ funds are safer.
Stable income from the fund with mature hotels as income generating assets.
After you have decided that Greece’s Golden Visa is your ideal choice, you might want to get more information on the investment options, and to start preparing for the application. Below is an outline of the procedures for applying for the Golden Visa, step-by-step, to give you an idea of the process. We understand there are major decisions to be made here, and dealing in Portuguese may make things more complicated, trust us that The Golden Portugal team is here to help you along the way.
Average Time to Get Your Permanent Residence Card (Step 1 – 8) :
9
Months
Step-by-Step Application Procedures:
Step 1 – Initial Consultation
Begin with an initial consultation to assess your unique case and explore the investment options that align with your goals.
Step 2 – NIF & Bank Account
We will assist in obtaining a taxpayer ID number for you and your family, and introduce you to a bank manager to facilitate account opening.
Step 3 – Investment Options
Based on your needs, we’ll identify and recommend suitable investment opportunities on fund and property.
Step 4 – Transfer money and make the Investment
Transfer the necessary funds to your bank account and proceed with your chosen investment. Specific procedures may vary depending on your investment option.
Step 5 – Gather Personal Documents
Gather all required documents for the SEF submission. We’ll provide guidance and collaborate with relevant parties, to acquire the necessary documents.
Step 6 – Online Application Submission
Your lawyer will submit your application and accompanying documents online. Be prepared to pay the visa processing fee during this step. You will get your approval permit on the day.
Step 7 – Biometrics
You will need to go to Greece within 12 months to provide biometric information, including fingerprints and a photo.
Step 8 – Approval and Residence Cards
Your approval and residence card will be ready in around 2-3 month’s time, where your lawyer to get your residence card and mail it to you.
Apply Remotely
Please note that all steps and processes, except for step 7 (Biometrics), can be conveniently completed remotely without the need for you to visit Greece. Our dedicated team is here to ensure a smooth and hassle-free Golden Visa application experience. Feel free to contact us for an initial consultation to get started on your Golden Visa journey.
Documents to be obtained in your country of origin
Valid Passport: A current passport is essential.
Criminal Record Certificate: For each applicant aged 16 or older, a criminal record certificate from the country where you’ve latest resided for at least one year is required.
Proof of Residence: Provide a copy of your driver’s license, a recent utility bill, or a recent bank statement.
Greece Medical Insurance
Family Members’ Eligibility Documents: If you are including family members in your application, you’ll need to provide specific documents:
For the spouse, a marriage certificate.
For children, birth certificates (plus single status certificates and proof of student enrolment if they are over 18).
For dependent parents, birth certificates of the main applicant or the spouse
FAQ on Greece Golden Visa
What are the investment requirements for Greece Golden Visa?
The investment options are either €250,000 / €500,000 investment in property; or €400,000 investment in funds. Other than a few remote areas, the Greece Golden Visa minimum investment threshold for property has increased to €500,000. Additionally, a new regulation stipulates that only one property acquisition is permitted, implying that you cannot purchase multiple properties with a total value equal to or exceeding €500,000.
What are the requirements of the Greece Golden Visa program?
The Greece Golden Visa program is very straight forward. The main requirements is the investment. – Make an eligible investment of either €250,000 / €500,000 investment in property; or €400,000 investment in funds – No stay requirements – No age restrictions – No educational qualifications needed – No specific work skills required – No income prerequisites
Who can I include as dependents with my application?
Portugal Golden Visa programs allows you to include 3 generations of family member with your application. You can include the following family members: – Spouse – Children under the age of 21 – Parents of the applicant or spouse
How long does it take to get Greece Golden Visa?
On average 9 months from the beginning.
Does Greece Golden Visa lead to citizenship
YES! You would need to reside for 6 years and 2 months within an 7-year period
What are the advantages of Greece Golden Visa？
The biggest advantages is that you can get a EU permanent resident in just a few months, which allows you to have visa-free access to the whole Schengen area, with very minimal stay requirement – just one entry every 5 years.
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