Greece
Global Citizenship by Investing
Simplicity of Residency Requirements
- 35
Speed of obtaining passport/residency
- 50
Inclusion of dependants in the application
- 30
Powerfullnes of the passport
- 80
Cost per family member during application
- 60
Income Tax Benefits
- 3
Value for money of passport vs time to obtain it
- 50
* 0 means Worst, 100 means Best
Greece is part of the EU, and it’s citizens are allowed to work, study and live anywhere in the EU member countries.
Greek passport holders are allowed to travel to over 160 countries visa-free including Canada, the USA, and the UK. Greece introduces the investment residency program (Golden Visa) in 2013 to promote and encourage investment in the country.
The Greek government allows foreign investors to obtain residency in the country based on direct investment. The program is also called a ‘Golden Visa’ similar to other countries within the EU area (such as Portugal and Spain). Eventual citizenship and passport is possible through residency requirements which have to be met after the initial investment. It has one of the lowest investment requirements within the Golden Visa program of any other EU member country. Applicant’s parents can also be included in the application.
Investment requirements
A minimum investment of EUR 250,000 is required in real estate, either residential or commercial anywhere in the country. Multiple properties can also be combined to make up this for this total minimum investment amount for Greece ‘Golden Visa’ program.
Residency requirements
No residency is required at any time before or after residency is issued by Greece.
Residency Validity and potential Passport
The residency visa can be renewed after 5 years if the real estate investment has been maintained. It is possible to apply for citizenship and passport after 7 years, however, it requires minimum residency requirements to become eligible.
Processing time
40 days