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Greek Golden Visa

Greece's Golden Visa program allows non-EU citizens to obtain permanent residency through real estate investment. Since its launch in 2013, Greece has issued over 36,000 Golden Visas, with robust growth continuing after the 2024 policy adjustments. Effective September 1, 2024, a three-tier investment threshold system applies:

  • €800,000: Applies to popular regions (Attica including Athens and Piraeus; Thessaloniki; Santorini; Mykonos; islands with populations over 3,100 like Crete). Limited to single residential properties >120㎡, with short-term rentals and commercial conversion prohibited.

  • €400,000: Applies to other Greek regions outside the above areas. Requires single properties >120㎡ and permits long-term rentals only.

  • €250,000: Exclusive for "commercial-to-residential" conversion projects (e.g., converting commercial, industrial, or hotel buildings to residences) or protected historic buildings requiring restoration. No regional or size restrictions, but conversion/restoration must be completed before renewal (industrial buildings require 5-year vacancy period), with short-term rentals prohibited.

The new policy explicitly prohibits short-term rentals for commercial-to-residential conversion projects.

While short-term rentals face restrictions, long-term leasing remains a viable option. As a premier tourism destination, Greece offers substantial rental demand. Investors can secure stable rental income through long-term leases to companies or international tenants.

Application Process

Greece's Immigration Bureau has implemented several beneficial policies to streamline applications, including formal recognition of Hague Apostille certification, simplified document authentication, and online application and biometric appointment systems.

1. Property Selection & Preliminary Agreement

Select your preferred property through online browsing or an in-person visit to Greece. Upon selection, pay a deposit and sign relevant pre-purchase agreements to establish the foundation for your Greek property acquisition.

2. Payment & Associated Fees

Transfer the full property amount along with taxes, legal fees, and related expenses to the designated accounts of the developer or law firm as per contractual agreements. This ensures transparent and lawful transactions, establishing the groundwork for subsequent property transfer.

3. Property Transfer & Title Confirmation

Execute the formal Greek-language purchase contract. Following full payment, we facilitate the property transfer process, culminating in the issuance of the Land Registry Certificate, confirming your ownership of Greek property.

4. Immigration Application & Permanent Residency

We assist in preparing immigration materials and submitting your application. Within 12 months of receiving the "pre-approval notice," you must enter Greece for biometric collection. Following approval, your lawyer will collect and mail your permanent residency card.

Eligibility & FAQs

Greece's Golden Visa policy permits minors aged 14+ to apply as primary applicants

  • Non-EU citizen, aged 18 or above

  • Purchase qualifying property meeting minimum investment requirements (typically €250,000+)

  • Obtain health insurance and provide clean criminal record

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Q1. What is Greece's current economic status? Why is its property market booming?

Since emerging from its debt crisis in 2018, Greece's economy has shown sustained recovery, with early IMF loan repayment in 2022. The IMF projects 2.0% growth for 2024, exceeding the Eurozone average, while The Economist ranked it among 2023's top-performing global economies. Credit rating agencies (S&P, Moody's, Fitch) have upgraded Greece to "investment grade," enhancing global investor confidence.

The property market continues its strong performance, reaching €18 billion in transactions during 2023 (a 34% year-on-year increase). Piraeus recorded 28.9% price growth and 14.3% rental growth in Q2 2024. Commercial property investment has surged following the approval of "commercial-to-residential" projects, establishing Greece as a new European investment hotspot. Tourism remains robust, with airport traffic exceeding 72 million passengers in 2023 and 2024 revenue projected at €22 billion. Greece maintains its global standing with 617 Blue Flag beaches.

Sino-Greek cooperation continues to deepen: COSCO-operated Piraeus Port is projected to contribute €470 million to state revenues by 2025, create 31,000 jobs, and increase GDP by 0.8%. These indicators collectively demonstrate Greece's strong recovery and investment potential.

Q2. What are living costs, healthcare, and education like in Greece?

Greece attracts global families with its cost-effective living, quality healthcare, and diverse international education options. Athens ranks 97th among 227 cities globally for living costs, significantly below Hong Kong or Shanghai. Daily essentials are affordable (e.g., milk ~€1/liter, fruit ~€1/kg). Average monthly household expenses are approximately €500. Public transport is efficient (€1.20 ticket valid for 70 minutes with transfers).

Healthcare ranks 14th globally (WHO), accounting for 8.4% of GDP. Life expectancy is 82.8 years. Permanent residents access free public healthcare; private care reimburses ~80% via insurance. Leading institutions include Athens General Hospital and Metropolitan Hospital.

Education features 9-year compulsory + 12-year free public education. International schools (e.g., American Community Schools Athens, St. Catherine's British School) cost €6,000-13,000 annually - approximately 60% of comparable Chinese institutions. Comprehensive curricula (IB, A-level) enable direct entry to global universities, with institutions like the University of Athens offering dual-degree programs with Yale and Columbia.

Q3. What advantages do "commercial-to-residential" projects offer investors?

Greece's "commercial-to-residential" policy aims to revitalize urban commercial assets by converting non-residential properties to residences, driving market diversification. Compared to new developments, conversions typically feature shorter timelines and lower costs, enabling faster returns. The policy also stimulates foreign investment and urban renewal.

For investors, key advantages include: 1) Maintaining the €250,000 Golden Visa threshold with no location restrictions, enabling access to prime areas; 2) Faster ROI due to shorter renovation cycles; 3) Strong rental potential in established commercial zones; 4) Full freehold ownership without resale limitations; 5) Visa-free Schengen access (29 countries) and EU benefits.

Q4. How does Greece's Golden Visa compare to other European programs?

Greece's Golden Visa stands out as Europe's only program offering residency through pure real estate investment starting at €250,000 - significantly below Portugal (€500k+) or Spain (€500k). It maintains Europe's only 100% approval rate with efficient processing and policy stability.

Family inclusivity is exceptional: Spouses, children under 21, and both parents qualify under one investment. Minors may serve as primary applicants, enabling multi-generational immigration.

Globally, the Henley Global Residence Program Index ranks Greece joint #2 worldwide (tied with Austria). Other authorities rank it #1 alongside Portugal, affirming its leadership in accessibility and value.

Q5. Greece Overview: Geography, Climate, Culture & Society
I. Geography

Situated in Southeast Europe's Balkan Peninsula, Greece spans 131,957 km² featuring mainland Greece, the Peloponnese peninsula, and over 3,000 islands. Its coastline extends approximately 14,000 km - among the Mediterranean's longest.

Mountains cover over 80% of the territory. Mount Olympus (2,918m) is Greece's highest peak. Major ranges include Pindus and Rhodope, with plains in Thessaly, Macedonia, and Thrace.

II. Climate

Greece features a Mediterranean climate: hot, dry summers and mild, wet winters.

Southern Islands: Mild winters (6°C-13°C), warm summers (23°C-33°C)

North/Inland: Continental influences bring colder winters with snow

Annual sunshine exceeds 2,000 hours. Rainfall concentrates in winter months.

III. Culture

As Western civilization's birthplace, Greece profoundly influenced philosophy, art, and democracy. Its culture evolved through Classical, Roman, Byzantine, and Ottoman periods, creating a unique synthesis.

UNESCO sites include the Acropolis and Delphi. Traditional music (Rembetiko), cuisine (olive oil, feta), and Orthodox traditions define contemporary Greek life.

IV. Society

Population: ~10.5 million. Over 98% ethnic Greek. Official language: Greek. State religion: Greek Orthodoxy.

Society faces demographic aging. Athens (population ~3.7 million) serves as the political, economic, and cultural center. Cultural celebrations include National Day (March 25) and Easter.

V. Tourism & Sustainability

Tourism contributes ~18% to GDP, supporting over 900,000 jobs. Full recovery is projected for 2025 with revenue exceeding €21.7 billion and over 33 million visitors.

Greece promotes year-round tourism diversification while prioritizing ecological protection, water management, and sustainable development.

Program Advantages

1
Superior Investment Value

Greece offers Europe's only €250,000 pure real estate pathway to permanent residency with freehold ownership. "Commercial-to-residential" projects provide prime location access at lower thresholds, maximizing returns for strategic asset allocation.

2
Flexible Eligibility Requirements

No language, educational, or financial proof requirements for main applicants. No residency obligations. Minors may apply as principals. Extends to spouses, children under 21, and both parents - enabling three-generation immigration.

3
Unrestricted European Mobility

Greek residency permits enable visa-free travel across 29 Schengen countries. This provides exceptional freedom for business engagements or leisure travel throughout Europe.

4
Premier Healthcare & Retirement

Healthcare ranks 14th globally (WHO), offering universal public coverage and ~80% private care reimbursement via insurance. Combined with affordable living costs and robust social benefits, Greece is ideal for retirement living and medical tourism.

5
World-Class Education Access

Access free public schools or premium international education at 50%-67% of Chinese international school costs. Graduates enter top global universities directly, with institutions like the University of Athens offering Ivy League partnerships.

6
Exceptional Living Environment

Enjoy approximately 300 sunny days annually, superb air quality, and iconic Mediterranean landscapes. Greece combines natural beauty with high quality of life at accessible costs.

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