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GREECE RESIDENCE PERMIT - GREECE GOLDEN VISA PROGRAMME

Table of Contents

Background and Guide - Greece Permanent Residence Permit Programme

Greece is a country full of culture, myth and legend and a nation who is proud of its rich heritage and traditions. Famed for the beauty of its landscape, Greece is unique, for it seems the Greek gods themselves have scattered little pieces of paradise into the sea which we so lovingly know as the Greek Islands.

Whatever your interests or the lifestyle you choose to adopt, you can be sure of a warm welcome from the people of Greece. A healthy climate, good food and wine, a new Greek home, a new and exciting lifestyle, a dream finally realized.

Acquire your holiday home in peaceful Paros, cosmopolitan Santorini or glorious Crete and combine holidays with tailor-made Investment.

Now in 2023, it is possible to apply for High Net Worth Immigration to Greece, and obtain a Greece Permanent Residence Permit (Greece Golden Visa), which allows the applicant and his family to live, work, and study anywhere in the beautiful islands of Greece through a simple and fast property investment! Contact our Greece Immigration Consultants and Greek Lawyers by telephone or visit us in our offices in Brisbane, Australia, Singapore, Hong Kong, London, UK and Lisbon, Portugal.

Why Invest in Greece Property, in 2023?

Real Estate Investment Eligibility - Greece Residence Permit

To be eligible for the Greece Permanent Residence Permit (Greece Golden Visa Programme), the applicant must:

Investment Options to Obtain Greece Residence

Greece Golden Visa applicants must make one of the following investments:

1. Minimum €250,000 euros investment in Greece Real Estate - Greece has increased the minimum amount of investment needed for the Golden Visa from 1 August 2023. Now, popular golden visa areas in Greece will raise investment costs from €250,000 to €500,000. The price hike will affect areas of: North, South and Central Athens, Mykonos, Santorini, and the Municipalities of Thessaloniki and Vari. Among the areas left out of this equation is the Municipality of Piraeus in Greater Athens.

2. New Law from 1 August 2023 for Investment in Greece Real Estate for the following Regions of Greece:
The minimum value of the real estate at the time of its acquisition, and the total contractual rent of the leases of hotel accommodation or tourist residences of the present, is set at five hundred thousand (€500,000 Euros) and must be paid in full before the submission of the request for the granting of the investors permanent residence permit.

In the case of investment through the purchase of real estate in the areas referred to above, it shall be made in a single property. In the case of investment through the purchase of an undivided co-ownership interest in real estate, the minimum value of the co-ownership interest shall be set at five hundred thousand (€500,000 Euros) and the investment shall be made in a single property.

3. €400,000 Euros investment in a Real Estate investment company investing exclusively in Greece or buy shares through a share-capital increase scheme;

4. €400,000 Euros investment in a Capital Equity Company or an equity mutual fund investing exclusively in companies based in Greece;

5. €400,000 Euros investment in Greek State Bonds with a maturity of at least three years through a credit institution based in Greece;

6. €400,000 Euros investment in a Time Deposit at a domestic credit institution with a duration of at least 12 months;

7. Minimum of €800,000 Euros investment in Shares, Corporate Bonds or State Bonds;

8. €400,000 Euros investment in a Mutual Fund, investing exclusively in Shares, Corporate Bonds or State Bonds;

9. €400,000 Euros investment in buying shares in an Alternative Investment Organization set-up in Greece or in another EU member-state that invests exclusively in real estate assets in Greece.

Benefits of Greece Permanent Residence Permit

Outlined below are the benefits of obtaining the Greece Residence Permit. Also, see VisaConnect's PDF document: Greece Residence by Investment, in 2023:

Legal Assistance to obtain Greece Residence Permit

Outlined below are the legal services that our Greece Lawyers can assist with:

1. Property selection and price negotiation.

2. Land Registry search.

3. Real estate Due diligence process.

4. Draft any PoA, promissory sale and sale agreement.

5. Ensure anonymity and Confidentiality via NDA's.

6. Official translation of all documents required.

7. Issuance of Greek TIN (Tax Identification Number).

8. Opening of a Bank account on behalf of client.

9. Sale transaction.

10. Drafting of Contracts (Agreements).

11. Registration of title deed at the Land Registry and the Cadastral Office.

12. Management of the property, after the purchase, including rental income.

13. Residency Permit application, with supporting documents.

Schengen Visa to Visit Greece for Chinese and Indian Citizens

Citizens of China and India who are planning to enter Greece must apply for a Schengen visa. Citizens of China and India need a visa to travel to Greece as tourists. The Schengen visa is a mandatory document to enter Greece as it is a member of the European Union and part of the Schengen area. The Uniform Schnegen visa allows the visitor to stay up to 90 days, from date of entry, within a 180-day period.

The following documents are required for the Greece Schengen visa:

1. Schengen Visa Application Form - Form must be fully completed and signed.

2. Passport - Valid passport

3. Return trip Reservation - Round trip reservation or itinerary. It must include dates and flight numbers specifying entry and exit from the Schengen area.

4. Travel Insurance Policy - A document that proves you have travel health insurance for the whole Schengen territory, with a minimum coverage of 30,000 euros in case of any medical emergency as illnesses, accidents and even repatriation in case of death. The Insurance policy can easily be purchased online from AXA Schengen or Europ Assistance.

5. Evidence of Accommodation - A document that shows where you will be accommodated throughout your stay in Schengen. This can be one of the following: hotel/hostel booking, Rental agreement or Letter of invitation from a host at whose house you will be staying.

6. Evidence of Financial Means - Evidence that you have enough money to support yourself financially throughout your stay in the Schengen. This can be one of the following: Bank account Statements or Sponsorship letter.

7. Employment or Business details - Employees need to provide: Employment contract, Current bank statement of the latest 6 months, Leave permission from the employer and Income Tax Return (ITR). Self-Employed Applicants must provide a copy of business license, bank statements and Income tax returns.

8. Child Applicant - Provide a birth certificate of the child, Application form signed by both parents/guardians. If a child is traveling alone, provide a notarized parental authorization, which is signed by both parents /guardians.

Supporting Documents for Greece Residence Permit

Outlined below are the supporting documents required for a Greece Residence Permit:

1. Original Passport - Provide the original Passport the Client Applicant and each member of the family who is applying for Residence Permit, and a true copy of the Passport.

2. Health and Medical Insurance - Client Applicant must provide Health Insurance, with cover for hospitalization and medical care from an Insurance company for each member of the family applying for the Residence Permit. The Applicant must select a Greek Insurance company according to their requirements. The fees for the Health insurance depends on the Age of the members of the family.

3. Marriage and Birth and Family certificates - Applicant must provide Family certificates that prove the relationship between the members of the family applying for the Residence Permit. All the family certificates must include the birth dates of the people involved and not only the ID cards. This family certificate must be stamped in the Greek Embassy, which certifies that this is an exact and true copy of the genuine documents. Then, the client sends it to his Lawyer in Greece and the Lawyer translates it to Greek officially, with assistance from an official translator in Greece.

Contact VisaConnect! Buy Greece Property

See our website page below, for information about Greece Investment properties, and our Greece Real Estate service for High Net Worth Individuals who wish to buy a property in Greece for investment purposes or to qualify for the Greece Residence Permit.
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