Ultimate Guide

What you need to know

The Greek Golden Visa Program grants a five-year residency permit to non-EU citizens who invest in real estate in Greece.

This visa allows access to the Schengen Area and the inclusion of family members. The program’s requirements are based on recent legislative updates, notably Law 5100/2024 and the Circular of the Ministry of Migration 9/25.9.2024. The Law 5100/2024 introduced significant amendments to the Golden Visa program in Greece, increasing the minimum property investment thresholds and imposing new conditions. You can be informed about the Greek Golden Visa program by the Greek Ministry’s website too,

meet the team

New Minimum Investment Thresholds

Our company, with comprehensive expertise in the field, covers the entire spectrum of services, from developing projects suitable for Golden Visa applications to providing legal support and preparing all necessary documents for the visa application process. We specialize in creating projects involving property use conversion, which qualify as an exception for obtaining a Golden Visa with an investment of €250,000. Here are the available properties of our company.

€800,000:

– Attica Region
– Thessaloniki Reg/nal Unit
– Mykonos and Santorini Regional Units
– Islands with populations over 3,100 inhabitants

€400,000:

– Other regions of the country
– Islands with populations below 3,100 inhabitants

€250,000:

– Properties converted into residential use
– Preserved buildings or parts of them

Application Process

Application
Process

01.

Select Property

Choose real estate that meets the criteria.

02.

Appoint a lawyer in Greece.

03.

Tax Registration

Obtain a Greek Tax Identification Number (AFM).

04.

Open Bank Account

For property transactions.

05.

Finalize the purchase and payment.

06.

Prepare Documents

Translate and notarize all paperwork in Greek.

07.

Submit Application

At the local Alien and Immigration Department.

08.

Biometric Data Submission

Provide fingerprints and photographs.

09.

Receive Temporary Permit

Allows legal stay during processing.

10.

Final Approval

Typically granted within 4-6 months.

Our commitment

Eligibility Requirements

To qualify, applicants must fulfill the following requirements:

Age

Be at least 18 years old.

Health Insurance

Hold valid insurance for Greece.

Clean Criminal

Record: Provide a certificate from their country of origin or residence

Passport

Valid and with copies of all pages.

Proof of Investment

Notarized purchase agreement & proof of payment via bank receipts.

Health Insurance Policy

Covering all applicants.

Certificate

From the country of origin or residence.

Proof of Residence in Greece

E.g., utility bills or lease agreements.

Recent Photographs

Passport-sized.

Additional info / Taxes

Additional
info / Taxes

1. Annual Rental Income Tax Rates:

• 15%: For income up to €12,000.
• 35%: For income between €12,001 and €35,000.
• 45%: For income above €35,000

2. Additional Taxes:

• Special Solidarity Contribution: Currently suspended but may apply in future.

3. Property Ownership Tax (ENFIA):

All property owners pay an annual tax based on the property’s value, ranging from €2 to €13 per square meter, plus a supplementary tax for properties exceeding €250,000.

4. VAT on Rental Income:

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5. Pathway to Citizenship:

Residency under the Golden Visa does not lead directly to citizenship, but applicants can apply for Greek citizenship after:

• 7 Years of Continuous Residency.
• Integration into Greek Society, including passing a language proficiency test and demonstrating cultural knowledge.

Maintaining and Renewing the Visa
• Maintain Investment: Continue holding the property.
• Valid Insurance: Ensure ongoing coverage.
• Clean Record: Provide periodic criminal record updates.