LIO GLOBAL

Greece Offers an Effortless Residency Programme with Visa-Free Access to Schengen Countries

THE GREEK RESIDENCY PROGRAMME

The Greek Residency Programme requires an investment into real estate and in exchange offers Greek residency to the investor and his/her family. The programme is very straightforward and does not require physical stay in order to renew residency.

The Greek Golden Visa Program enables investors to obtain Greek residency by investing in one or more properties in Greece, with a minimum investment threshold of €250,000. However, effective from September 1st, 2024, the new Golden Visa will be increasing as follows:

For the Region of Attica, the Regional Units of Thessaloniki, Mykonos, and Santorini, as well as islands with populations exceeding 3,100 inhabitants, the minimum property value is set at €800,000 at the time of acquisition. Conversely, in all other regions of the country, the minimum real estate value stands at €400,000.

Transitional Period: Investors may apply under the current €250k threshold if a 10% deposit is paid by August 31, 2024, and the investment is finalized by December 31, 2024. If the property purchase is not completed on time, investors are allowed to finalize their investment in another property no later than April 30, 2025.

The Greek residency programme is not only simple and straightforward offering EU residency, but also offers a secure investment that can give a return in the form of rental income in hard (Euro) currency. Real Estate Opportunities

Investing in Greece’s growing real estate market presents an enticing opportunity with multifaceted benefits.

Greece embodies a blend of unmatched natural and cultural charm alongside real estate opportunities, offering investors a realm of limitless potential.

  • Untapped potential within the market.
  • Ranked second highest in rental profit across Europe, according to a survey by Profit Level, a leading European investment company.
  • Diverse and premium property portfolios.
  • A pathway to Greek residency

INTERESTING INFORMATION

Greece was a founding member of the UN.

CAPITAL

Athens

OFFICIAL LANGUAGE

Greek

MEMBERSHIP

United Nations, Greece was the tenth member to join the European Communities (precursor to the European Union), EU (1981), Eurozone (since 2001), Schengen zone (2000), Council of Europe, NATO, OECD, OSCE, WTO.

CURRENCY

Euro (EUR)

POPULATION

11 million 

TOTAL AREA

131 957 km2

RELIGION

Greek Orthodox

DIALING CODE

+30

INVESTMENT REQUIREMENTS

The required investment is EUR 250 000 into real estate in Greece. This can be an apartment, villa or house on the main land or any of the Greek Islands. With the property market at an all time low, there are great opportunities as many properties are strongly undervalued.

INVESTMENT TIME FRAME

The investor must keep the property for at least 5 years. If the property is transferred before the end of the five-year term, the investor will lose the right to residency. The investor is permitted to rent the property out during the time and can earn a rental return.

The residency permit must be renewed every five years, however the investor must keep the property under his /her possession and ownership. In other words, if the investor wishes to renew his /her residency permit, they need to own a property.

FEES

Fees are between EUR 25 000 – EUR 35 000 depending on the value of the property purchased and the size of the family. This includes property registration, taxes and transfer duties, as well as professional fees.

CITIZENSHIP

There are 4 ways in which to acquire Greek citizenship:

  1. Those who wish to become Greek citizens but do not have Greek ancestors must have legally lived in Greece for a period of ten years within the last twelve years in order to qualify. If they are a refugee and do not have another nationality, then the law is somewhat more lenient and they are only required to have five years of residency in the last twelve years. A non-Greek applicant must have sufficient knowledge of the Hellenic history, language and the civilization in general.

  2. By Birth to Non-Greek Parents who are Long-Term Residents of Greece. If a child is born to two non-Greek parents who are legally living in Greece for a minimum of five consecutive years, the child can acquire Greek citizenship.

  3. Through Greek education by attending a school in Greece. A child of long-term residents living in Greece can obtain Greek citizenship if he/she lives legally with the proper residency permit and has attended primary/secondary school in Greece for at least six (6) years before the age of 18. There are application deadlines to be aware of.

  4. The government can bestow an honorary citizenship. This is a rare honour and is usually reserved for humanitarian reasons or for artists, athletes, or other world citizens who have done extraordinary things to promote Greece.

TRAVEL AND BENEFITS

A Greek residency offers the investor and their family the right to live and study in Greece. In addition, it allows the investor to spend a maximum of 90 out of every 180 days in any of the Schengen zone countries. With residency, the applicant and his / her family can immediately travel visa free to all the Schengen zone countries.

The permit does not include access to employment, however, the holders of the residency permit have access to public education like all Greeks nationals.

FAMILY REGROUPING

In Greek culture, family is very important and the programme allows flexibility to include direct family. The family members of the main applicant will be issued a residency permit for the same duration of time as his / her application.

Family members included in the application:

  • Spouse

  • Parents and parents-in-law

  • Children who are under the age of 21. After the age of 21 they can be granted an independent residency permit until they become 24

BENEFITS

  1. Accessible real estate investment starting at €250,000.
  2. Eligibility for an extended family circle such as spouse, children under the age limit of 21, direct relatives in the investor’s ascending line, direct relatives in the spouse’s ascending line.
  3. Unrestricted residency in Greece.
  4. Access to public health and education in Greece.
  5. Fast-track procedures under the guidance of our proficient experts.
  6. No disclosure of information of the investor to the authorities of the country of origin regarding the endorsement of Golden Visa.
  7. No health records required.

GREECE - COUNTRY INFORMATION

Greece is officially known as the Hellenic Republic, and since ancient times was known as Hellas. Situated on the southern tip of the Balkan Peninsula, Greece shares land borders with Albania, the Republic of Macedonia, Bulgaria and Turkey. The country consists of 9 geographic regions: Macedonia, the Peloponnese, Central Greece, Thessaly, Epirus, the Aegean Islands (including the Dodecanese and Cyclades), Thrace, Crete, and the Ionian Islands. Greece has a vast number of islands and has the longest coastline on the Mediterranean Basin and the 11th longest coastline in the world.

Greece was also the birth place of democracy, the Olympic Games, Western literature and philosophy, as well as Western Drama. Ancient Greece is also considered the cradle of Western Civilisation. Greece’s rich cultural heritage is also highlighted by its position as host to 17 UNESCO World Heritage Sites.

Greece joined the EU in 1981, the Eurozone in 2001 and the Schengen zone in 2000. Greece was also one of the founding members of the United Nations (founded 24 October 1945).

RESOURCES

Government of Greece: https://government.gov.gr/

Greece Tourism Authority: http://www.visitgreece.gr/

Play Video
Scroll to Top

Greece Residency | Download Program Factsheet

By requesting this PDF you consent to receive further communication from us. Should you change your mind you can always unsubscribe by clicking the link at the bottom of the email.

Residency, Citizenship & Real Estate

ONLY TWO WEEKS LEFT

All Caribbean Citizenship applications to increase significantly from 1 August 2024.