Golden Visa
The Greek Permanent Residency Program offers the lowest cost entry route to obtain EU residency for the entire family with a minimum investment in real estate of €250,000 and with visa-free travel access within the Schengen Zone.
At LSA Luxury Properties we provide a one-stop-shop service for the issue of the Greek Golden Visas Permanent Residence Program in cooperation with our partner legal & tax experts team.
The Investment
A real estate investment of €250,000 in an apartment/office or other (old or new build), or in land and the construction of a building.
Benefits
The Greek Golden Visa program enables a non-EU citizen, including their dependents (up to age 24) and parents of both spouses to gain permanent residency status in the European Union – Greece & enjoy the following rights:
- UNLIMITED STAY in Greece, or continue to live in their home country
- NO REQUIREMENT for physical presence in the Greece
- TRAVEL FREELY (enter) all EU countries & 184 countries in total
- VISA FREE TRAVEL TO SCHENGEN countries & stay for a maximum 90 days stay per 6 months period, multiple entries are allowed in: Austria, Belgium, the Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Holland, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland. Iceland, Norway
- USE THE PERMIT when required
- ACCESS GREECE’S public education and health care system
- RENEW IT (EVERY 5 YEARS) without being obliged to live permanently in the country
Renewal of Residence Permits for Owners of Real Estate – Preconditions
The residence permit is renewed every five (5) years, assuming that the following conditions must be met:
- The real estate property must remain in the full ownership of the applicant (or in case of lease, the relevant leases/contracts must be ongoing)
- Absences from the country does not impede the renewal of the residence permit
- The resale of the real estate property, during the period when the residence permit is valid, to another third country citizen provides to the new owner the right to a residence permit, along with a simultaneous revocation of the seller’s residence permit
Frequently Asked Questions About Golden Visa
Welcome to our FAQ section about the Golden Visa program in Greece. Here, you'll find clear answers to the most common questions about residency, investment requirements, and the application process.
Five (5) years. Yes, it is renewed for another 5 years each time, provided that the applicant still owns the property.
Yes. Members of the family are considered the spouse (husband/wife), the children, the investor’s parents and the spouse’s parents. They may request individual residence permits. They shall, however, submit separate applications. Their permit expires on the same date as the investor’s does
The applicant can buy Article 20B, paragraph 1, point (c), Law 4251/2014, provides that a third country national who has the full ownership, possession and occupancy of real estate property in Greece through a legal entity, the entirety of whose stocks or corporate shares are fully owned by the applicant, has the right to apply for the “permanent residence permit for investors”
Yes, you can. According to Article 8, paragraph 30, Law 4332/2015, a third country citizen has the right to apply for the long-term resident status, provided he fulfils the conditions of Articles 89 and 90, Law 4251/2014. Having been granted the long-term residence status is a prerequisite in order to apply for Greek citizenship by naturalization, provided all other requirements are fulfilled.
No, they do not. This residence permit does not give right to access to any type of employment, according to, Article 20, paragraph 6, Law 4251/2014. Employment in this case does not include the exercise of economic activity in the capacity of a shareholder or Chief Executive Officer of companies established before your application for this residence permit. This exemption for economic activity refers to third country citizens who are shareholders or managers of all forms of capital companies (S.A., Ltd, Private limited companies). The family members that have been granted this residence permit have also restricted access to employment.
Only if you come from a country, whose citizens are required to get an entry visa in order to come to Greece.
He/she may stay continuously in Greece for its whole duration. He/she may travel to other Schengen countries without a visa, but his/her stay in those countries cannot exceed 90 days in each 6-month period. He/she has access to health or education services, just like any Greek citizen
It is usually issued within 2 months from the day on which the complete application was submitted or arrived at the Decentralized Administration.
Yes. If all the supporting documents are submitted, a proof of submission is issued. If an application for a residence permit is submitted for the first time, this proof of submission is issued, and you can proceed to book an appointment with the Office in order to provide fingerprints. When the fingerprints are given, the application is considered complete and the process for the permanent residence permit begins. If the applicant is in Greece the day the application is submitted, he/she can come to the Office and provide fingerprints on the same day.
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