The Greece Residency by Investment Program was introduced by the Greek government years ago to enable genuine international investors to acquire residency in Greece by investing in real estate.
The Residence permit lasts 5 years and it may be renewed every five years provided the applicant still owns the property.
Greece offers a straightforward residency route, with no minimum stay requirement and the application process is quick with further opportunities to apply for citizenship after a set period.
An individual that is constantly present in Greece for a period exceeding 183 days, including short periods of living abroad, is considered a tax resident in Greece from his first day of presence in Greece.
Greece Residence by Investment offers visa-free access within Shenghen Zone — get visa-free access to 26 EU states including Switzerland, Italy, Germany, and Luxemburg.
Greece offers the most affordable residency program within Europe offering fast application processing in just 2 months.
Residence permits in Greece can be acquired by international investors through several routes:
OPTION 1
Real Estate Acquisition to the Minimum Value of €250,000
• Residence permit granted for 5 years;
• The investor can invest in one or several properties to a total value of €250,000;
• The residence permit can be renewed for another 5 years each time, provided that the applicant still owns the property.
OPTION 2
Real Estate Lease or Timeshare to the Minimum Value of €250,000
• Residence permit granted for 5 years;
• Lease for at least 10 years or invest in a timeshare for hotel accommodation or furnished tourist residences in a combined tourist facility, as the above facility must be registered with Greek National Tourism Organization (GNTO).
OPTION 3
• a position as a board member, shareholder, administrator, legal representative, or chief executive of a company or branch of a foreign company in Greece.
