Unlike other such opportunities in Europe, Greece is offering the ability to get a temporary permanent residence for quite a long period in exchange for a comparatively small investment. Furthermore, applicants aren’t limited to just one investment object, which brings great opportunities for increasing the liquidity of their investments.
You and your family will be have the right to reside in Greece for unlimited time furthermore visa-free travel in Schengen countries.
For one investment in Greek real estate, the investor’s spouse, children under 21 and parents can receive a permanent residence for the same period as the main investor.
There is no obligation to spend a certain amount of time in Greece, and if you have property there you can rent it out and receive additional income.
Having permanent residence in Greece allows you to use high-quality medical services, and your children can attend schools and universities.
For 2 years.
For 1 year.
upon purchase of
real estate in the value
of at least €250,000.
For five years.
For 10 years.
for top managers
of a company.
For 2 years.
Ownership, as an individual or the sole proprietor of a legal person, of real estate in Greece, the value of which is at least €250,000, or a contract signed with a realtor or an attorney on the intent to purchase real estate in this amount.
A contract for the lease, for no less than 15 years, of commercial real estate for tourism purposes within Greece on behalf of the sole proprietor of a legal entity.
The object of investment can consist of several pieces of real estate, the total value of which is higher than €250,000, which allows you to buy liquid real estate for a reasonable price.
The rules for the minimum investment amount take into account the estimated value, which is generally higher than the market price, as it involves more criteria. The minimum required investment amount of €250,000 can be achieved at a market price starting already from €150,000.
To successfully renew this permanent residence, there is no requirement to live in Greece. This allows you to rent out the property that you have bought and thus receive additional income.
This form of permanent residence does not permit you to work in
Greece or engage in business activities in Greece.
This category of permanent residence does not yet imply receiving citizenship of Greece in the future.
Applying to a Greek consulate
with application for a D visa
Obtaining residency takes on average 3 months
Applying to the Department
of Foreign Affairs in Greece
Obtaining residency takes on average 1 month
In the event that the real estate used for applying for permanent residence is
still not in your ownership, documents 1–4 are replaced with the contract you have concluded with an
attorney or realtor on the intent to purchase the real estate.
This additionally brings a requirement that you prove that you have funds in an amount of at least €250,000, for which a bank statement can serve.
All documents must be officially translated into Greek.
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