Did you know that Greece offers permanent residency to non-EU citizens when they invest EUR 250,000 in Greek real estate?

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More than ever international investors are looking to Greece to invest and gain Greece Residency (Golden Visa) and Citizenship by Investment.

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Greece is studying a series of changes to its golden visa program as the program came to a near halt due to the pandemic.

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Many European countries have introduced a 'Golden Visa' program, offering permanent residency in exchange for real estate investments . The Golden Visas are intended to be a magnet for foreign investments and arouse the property market and economy. The Golden Visas programs primarily target Middle Eastern , Chinese and Russian investors, and also investors from South Africa , Brazil , Turkey and Vietnam.

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The Golden visa program in Greece was launched five years ago, currently the popularity of the program soaring, amid new wave of investor interest. Launched in July 2013 the Greek golden visa program grants a five year residency visa in return for an investment in real estate. There is no minimum stay requirement and dependents up to the age of 21 are included in the family application. The visa is granted for five years and renewed every five years if the property investment is retained.

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Today’s Residency by Investment market reflects the needs of foreign nationals all over the world, and access to the European Union’s business sectors ranks among the top benefits investors are seeking. This is certainly the case for Greece, whose government has issued nearly 3,000 residency permits through real estate investment as of January this year, making the country’s Golden Visa Program a gateway to Europe for many.

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Countries such as Greece, Malta, and Spain, among others, offer what is commonly known as a 'Golden Visa Program' which grants foreign nationals permanent residency in exchange for an investment into a country’s economy. This article will discuss the finer points of Greece’s Golden Visa Program and why Greek residency is so appealing.

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