Greece’s Golden Visa program remains one of Europe’s most popular investment residency schemes, despite recent increases in minimum investment thresholds. The program grants a five-year renewable residence permit to non-EU investors and their families.
Current Investment Options
The minimum real estate investment varies by location: €800,000 in Athens, Thessaloniki, Mykonos, and Santorini; €400,000 in other areas. Alternative investment routes include €400,000 in Greek government bonds, €500,000 in a Greek company, or a time deposit of at least €400,000 in a Greek bank.
Properties can be commercial or residential, and multiple properties can be combined to meet the threshold. The investment must be maintained for the duration of the residence permit.
Benefits and Limitations
Golden Visa holders can travel freely within the Schengen Area for up to 90 days per 180-day period. There is no minimum stay requirement in Greece to maintain the permit. Family members including spouse, children under 21, and parents of both spouses are covered. After seven years, holders may apply for Greek citizenship if they meet residence and language requirements.