Greece has long been an alluring destination for those seeking to immigrate to Europe, boasting stunning landscapes, a rich historical tapestry, and a vibrant Mediterranean lifestyle. If you’ve ever dreamt of calling Greece your home, the Greece Golden Visa offers a golden opportunity. This residency-by-investment program provides an excellent pathway for non-EU nationals to obtain residence in Greece by investing in real estate.

Why Choose the Greece Golden Visa?

One of the standout features of the Greece Golden Visa program is its family-friendly policies. Not only does it allow investors to bring their families along, but it also offers visa-free travel across the entire Schengen Area. Compared to other EU Golden Visas, Greece’s program shines with its relatively low investment threshold and favorable conditions.

In this comprehensive guide, we’ll explore the myriad benefits of the Greece Golden Visa, the recent changes to the program, and a detailed roadmap on how to apply for the Greece Golden Visa in 2024/2025.

The Purpose Behind Greece’s Golden Visa Program

Introduced in 2013, Greece’s Golden Visa program was designed to attract foreign investment, particularly in the real estate sector, to bolster the country’s economy. By offering residency rights in exchange for significant property investments, the program stimulates the housing market and enhances overall financial health. In return, investors gain access to:

• The right to live in Greece.
• Access to high-quality healthcare and education.
• Visa-free travel across the Schengen Zone.
• The potential for Greek citizenship after a certain period.

Bringing Your Family to Live in Greece

Yes, you absolutely can! The Greece Golden Visa family inclusion policy is one of the most generous in Europe. Along with the primary applicant, the following family members can be included:

• Your spouse.
• Dependent children under the age of 21 (extendable up to 24 if they are full-time students).
• Your parents and your spouse’s parents.

This means you can relocate your entire family to enjoy the idyllic Greek lifestyle together.

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Working in Greece with a Golden Visa

While the Golden Visa grants you residency, it doesn’t automatically provide the right to work as an employee in Greece. However, you can:

• Engage in business activities, such as starting or investing in a company.
• Work as a freelancer under certain conditions.
• Serve as an executive if you’re invested in a company operating in Greece.

For standard employment, you’ll need additional work permits as per Greek labor laws. It’s advisable to consult with a legal expert to navigate these regulations.

New Investment Thresholds for the Greece Golden Visa in 2024

Significant changes have been made to the Greece Golden Visa investment requirements as of August 31, 2024:

• €800,000: Required for properties in high-demand areas like Athens, Thessaloniki, Mykonos, Santorini, and other large islands.
• €400,000: Applies to properties in the rest of Greece.
• €250,000: The minimum investment remains for specific property types, including commercial properties converted to residential use, inactive industrial buildings being repurposed, and listed buildings undergoing restoration.

For the €400,000 and €800,000 investments, properties must be at least 120 square meters. There’s no minimum size for properties under the €250,000 threshold. Additionally, short-term rentals (like Airbnb) are prohibited for Golden Visa properties, though long-term rentals are permitted.

Step-by-Step Guide: How to Apply for the Greece Golden Visa in 2024/2025

1. Choose Your Investment Path

• Decide on Your Investment Amount: Choose between the €250,000, €400,000, or €800,000 thresholds based on property location and type.
• Select Property or Investment Type: Opt for real estate, government bonds, company shares, or other eligible investments.

2. Set Up Legal and Financial Foundations

• Obtain a Greek Tax Identification Number (AFM): Essential for any financial transactions.
• Open a Greek Bank Account: Necessary for handling all investment-related payments.
• Hire a Legal Representative: A local lawyer can assist with property acquisition and navigate the visa application process.

3. Make the Investment

• Conduct Due Diligence: Research and inspect the property thoroughly.
• Complete the Purchase: Finalize the transaction and obtain the ownership title deed.

4. Prepare Your Documentation

Gather all required documents, ensuring they are translated into Greek and certified:

• Valid Passport and recent passport-sized photos.
• Proof of Health Insurance covering you and your family in Greece.
• Financial Documents proving your investment.
• Criminal Record Certificate from your country of residence.
• Marriage and Birth Certificates if applying with family.

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5. Submit the Application

• Apply Online: Submit your Golden Visa application at https://migration.gov.gr/en/golden-visa/.
• Provide Biometric Data: Schedule an appointment at the local immigration office to submit fingerprints and photographs.

6. Await the Decision

• Processing Time: Expect a decision within a few months.
• Receive Your Residence Permit: Upon approval, you’ll get a residence permit valid for five years, renewable indefinitely.

7. Maintain Your Investment and Residency

• Visit Greece Periodically: While there’s no strict stay requirement, it’s advisable to visit at least once a year.
• Keep Your Investment Intact: Maintain your property or investment to ensure eligibility for renewal.

8. Pathway to Citizenship (Optional)

• Apply for Greek Citizenship: After seven years of continuous residency, you may be eligible to apply for citizenship, subject to language and integration requirements.

How the Greece Golden Visa Outshines Other EU Programs

Greece’s Golden Visa stands out for several reasons:

1. Lower Investment Threshold

Even with the new changes, Greece offers one of the lowest entry points in Europe. Other countries often require investments of €500,000 or more.

2. Fast Processing Times

Visa approvals in Greece are typically processed within months, unlike other countries where it may take a year or longer.

3. Minimal Residency Requirements

Greece doesn’t impose strict residency obligations. You can retain your Golden Visa without residing in Greece permanently.

4. Generous Family Inclusion

Including both your and your spouse’s parents, along with dependent children, makes Greece’s family reunification policy exceptionally generous.

5. Strategic Location and Lifestyle

Greece’s geographic location serves as a gateway between Europe, Asia, and Africa, offering strategic advantages for business and travel.

Additional Benefits of the Greece Golden Visa

• High Quality of Life: Enjoy a Mediterranean climate, delicious cuisine, and a relaxed lifestyle.
• Educational Opportunities: Access to international schools and prestigious universities.
• Robust Healthcare System: Benefit from Greece’s comprehensive public and private healthcare services.
• Cultural Richness: Immerse yourself in a country with a rich history and vibrant arts scene.

Final Thoughts: Your Golden Opportunity Awaits

The benefits of the Greece Golden Visa are numerous, making it an attractive option for investors and families alike. With its favorable investment requirements, efficient processing, and strategic advantages, there’s no better time to consider this pathway to European residency.

Embark on your journey to secure the Greece Golden Visa in 2024/2025, and unlock a future filled with opportunities in one of the world’s most enchanting countries.

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Please consult with a professional advisor for personalized guidance.

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