The Golden Visa in Greece: A Gateway to Mediterranean Living

Greece, a land of ancient history, stunning islands, and a vibrant culture, has become a popular destination for individuals seeking residency through investment. The Golden Visa program in Greece is particularly appealing for its affordability, benefits, and streamlined application process. Let’s dive into what the program entails, its requirements, the steps to apply, and the perks of living in Greece.


What Is the Golden Visa in Greece?

The Golden Visa program in Greece offers residency permits to non-EU citizens who invest in the country. Introduced in 2013, it is one of Europe’s most accessible and cost-effective programs, granting investors and their families the right to live, work, and travel freely within the Schengen Zone.


Key Benefits of the Greek Golden Visa

  1. Residency Without Relocation: You are not required to live in Greece to maintain your residency status.

  2. Visa-Free Travel: Enjoy unrestricted travel within the 27 Schengen countries.

  3. Family Inclusion: Spouses and children under 21 are included in the visa.

  4. Path to Citizenship: After seven years of residency, you may apply for Greek citizenship.

  5. No Minimum Stay Requirement: Unlike other programs, Greece doesn’t require you to spend time in the country to keep the visa.

  6. Access to EU Healthcare and Education: Enjoy high-quality services as a resident.


What are the requirements to apply for the Greek Golden Visa?


To qualify, applicants must:


  1. Make a Qualifying Investment:

    • Purchase real estate valued at €500,000 or more (increased from €250,000 in some areas as of 2023).

    • Sign a 10-year lease for a hotel or tourist residence.

    • Invest in specific sectors such as government bonds, shares, or mutual funds.

  2. Be a Non-EU/EEA Citizen: Only third-country nationals are eligible.

  3. Proof of Income and Funds: Show evidence of sufficient funds to sustain your stay.

  4. Maintain the Investment: Retain your investment for the duration of your residency.


How to Apply for the Greek Golden Visa


Luckily, the application process is straightforward. We love that they have made it as simple as they can to encourage more people to apply!


  1. Choose Your Investment: Identify and secure your qualifying investment in Greece.

  2. Hire Professionals: Work with legal advisors, real estate agents, and financial consultants to ensure compliance.

  3. Submit Your Application: File your documents with the Greek authorities, including proof of investment, a valid passport, and health insurance.

  4. Provide Biometrics: Visit Greece to submit biometric data.

  5. Approval: The processing time is typically 2–3 months.



Here’s a breakdown of the costs associated with the Golden Visa:

  • Investment: €500,000 minimum for real estate or equivalent investments.

  • Application Fee: €2,000 per adult applicant.

  • Legal Fees: Approximately €5,000–€10,000 (varies).

  • Additional Expenses: Property taxes, insurance, and other administrative fees.



Is It Worth It?

The Greek Golden Visa program is particularly attractive for investors seeking access to the Schengen Zone without committing to permanent relocation. For digital nomads, families and retirees alike, the program’s affordability and straightforward application process make it a competitive choice among similar European schemes.


The Golden Visa in Greece is not just an investment in residency but an opportunity to immerse yourself in a nation rich in culture, history, and beauty. Whether you're looking to diversify your portfolio or dream of a life by the Aegean, this program could be your gateway to an extraordinary lifestyle.


For more detailed information, explore the following resources:

Claire Wheatley