The Complete Guide to Greece Golden Visas for 2025
Changes to the Greece Golden Visa
Golden Visa for Greece, September 2024:
With higher thresholds and new investment options, the Golden Visa Greece Program has seen substantial changes. Nonetheless, by spending €250,000 in already-existing real estate investment opportunities, investors can still obtain a five-year residence permit. Commercial properties can be converted to residential usage or listed buildings can be restored for €250,000.
Greece Golden Visa: What Is It?
By making an investment in Greek real estate or other assets, non-EU nationals can acquire Greek residency under the Greece Golden Visa residency-by-investment program.
The Greek Golden Visa Program was introduced in 2013 and offers a five-year residency permit in return for as little as €250,000 in Greek real estate. Your family is welcome to participate in the residence program. You can live in Greece and travel within the Schengen area without a visa if you have the Greek Golden Visa.
Is the Greece Golden Visa considered a Greece Citizenship by Investment program?
The Greece Golden Visa program is not a citizenship by investment program. However, applicants may be eligible to apply for naturalization in Greece at the end of seven years, provided that you meet a set of criteria.
In order to apply for Greek citizenship, applicants must live in Greece for at least seven years, be a tax resident of Greece, pass a Greeak Language test.
Living there for seven years and paying taxes would make you eligible to apply for citizenship and a Greek passport. However, this is an opportunity with not much information on it.
Right To Live in Greece
You and your family can reside in Greece if you have a Greek Golden Visa. You are welcome to stay for as long as you like. In actuality, there is also no minimum stay requirement. Benefits from public healthcare and education are also included in the right to reside in Greece.
Travel Without a Visa Using a Greece Residence Permit
You can travel freely throughout the Schengen area with the Golden Visa without requiring a separate visa. The 26 European nations that make up the Schengen zone have formally done away with border controls and visa requirements at their shared borders.
Reunification of Families
Is it possible for your family to accompany you? They certainly can. You are permitted to enroll your spouse and children under 21 in the residence plan. This implies that everyone of these family members is eligible to apply for and benefit from a Golden Visa card. The Extended Family benefit is offered by the Greek program in addition to the other Golden Visa programs. This implies that there are no additional prerequisites for the parents and parents-in-law of the lead applicant to obtain cards.
A Promising Real Estate Market with a Low Investment Threshold
Greece’s Golden Visa program has the lowest investment criterion in Europe. The initiative allows you to invest as little as €250,000 in Greek real estate.
During the 2008 financial crisis, the Greek real estate market was severely damaged and struggled for over ten years. The Greek real estate market is trending upward as of 2023.
The Treaty on Double Taxation
It is likely that your foreign income will not be taxed in Greece, depending on where you live and how long you stay there. If so, you can continue operating your business outside of Greece and take advantage of certain tax advantages. Foreign nationals who reside in Greece as tax residents are also eligible for tax incentives. For retirees, digital nomads, and other specific expat groups, there are several incentive schemes. To find out if you qualify for any of these benefits, be sure to consult your qualified financial counselor.