Why the Greece Golden Visa is a top choice for Schengen residency

Greece offers one of Europe’s most affordable residence-by-investment programs, introduced in 2013, the program allows foreign investors and their families to obtain permanent residence permits in Greece through qualifying investments. It provides visa-free access to the Schengen Area, creating opportunities for mobility, education, and long-term settlement.

What is the Greece Golden Visa Program?
The Golden Visa is a residence permit scheme that grants long-term stay rights to investors who channel funds into Greece. It does not require the investor to live in Greece, but maintaining the investment is essential for renewing the residence permit every five years. After seven years of residence, applicants may also seek Greek citizenship.

Family inclusion is a key benefit. The program allows the main applicant to add their spouse, children below 21, and dependent parents from both sides.

Investment thresholds and options
The minimum investment begins at €250,000, but the thresholds vary depending on the type and location of the investment. The qualifying routes include:

1. Real estate purchases

• €250,000: Specialized real estate such as restoration of listed buildings or conversion of commercial properties.
• €400,000: Purchase of a single property with a minimum size of 120 sqm.
• €800,000: For properties in prime areas such as Athens, Thessaloniki, and larger islands.

2.Tourism and leasing agreements
10-year lease agreements for hotels or furnished tourist residences, valued between €400,000 and €800,000 depending on the zone.

3.Financial investments

• A deposit of €500,000 with a Greek credit institution.
• A capital contribution of €500,000 in Greek companies, real estate investment firms, or regulated mutual funds.
• Purchase of Greek government bonds worth €500,000, with a minimum maturity of three years.
• Investments in listed shares, corporate bonds, or mutual funds dedicated to Greece, ranging from €350,000 to €800,000.

Benefits for investors
The program offers a set of advantages that appeal to global investors. Holders gain visa-free travel across the Schengen Area and the right to live in Greece without a mandatory stay requirement. They may also rent out their investment properties, own shares in Greek companies, and receive dividend income.

The residence permit has no expiry limit, as long as the investment is retained and the permit renewed every five years. Access to Greece’s education and healthcare systems, coupled with the option to pursue citizenship after seven years, makes it attractive for families seeking long-term security in Europe.

Application procedure
The process involves four main steps:

Visiting Greece to identify the preferred investment.

Completing the property purchase or financial transaction.

Submitting the application with documents such as passport, proof of investment, health insurance, and a clean criminal record.

Undergoing final verification before the residence permit is issued.

Processing timelines can vary, and applicants often work with legal and advisory firms to navigate documentation and compliance requirements.

Greece provides residents access to a stable legal system, high-quality healthcare, and a strong education network. Its geographic location also offers easy connectivity to Europe, Asia, and Africa.

The Greece Golden Visa Program has established itself as a leading route for investors looking for mobility and residency security in Europe. With flexible investment choices and family benefits, it continues to attract applicants from across the world.