The Greece Golden Visa program enables an entire non-EU family, including dependent children up to age 24 and the parents of both spouses, to obtain permanent residency status in Greece within just 3 months (in some areas it takes less time) with a real estate investment of just €250,000.
It is the most competitive permanent residency scheme in Europe.
Includes dependent children up to age 24 (initially the age of a child shouldn’t exceed 21, then s/he can extend till the 24th year of age)
Includes the parents of both spouses
3 month processing time (in some areas it takes less time, i.e. Chania, Crete in 10 days)
Gives the right to apply for EU citizenship
Visa-free travel within Schengen zone
What Does Greece Golden Visa Mean?
Who Qualifies For
A Goden Visa In Greece?
The Golden Visa In Greece applies to the investor, their spouse, unmarried dependent children up to age 24 and the dependent parents of both spouses. The permit is permanent as long as the buyer keeps possession and is renewed every 5 years by presenting to the authority the title deed of the property.
Obtaining permanent residency and eventually EU citizenship offers a legacy to you and later your children’s families.
The Real Estate Investment
The Greece Golden Visa program requires a real estate investment of €250,000 (net of vat).
The investment can be made in land, off-plan, new or resale properties as long as the minimum value is met. Investors have the right to sell the property before the expiration of 5 years to another foreign citizen, who can also apply for permanent residency, however, the original investor must forfeit his permit to do so.
In cases of joint ownership, where the value of the property is €250.000, the residence permit is only granted if the owners are spouses with undivided ownership of the property. In all other cases of joint ownership, the Golden Visa in Greece is only granted if the amount invested by each of the joint owners is at least €250.000
If the owner has acquired the property through a legal entity, the applicant must own 100% of the company shares.
Either a single or multiple properties with a combine value exceeding €250,000 are applicable.
Documents Needed For
The Greece Golden Visa
Valid copy of passport
3 recent color photographs
Copy of the final sales contract of property or properties with minimum value of €250,000.
Transfer Certificate (of title deed) from the Land Registry
Residence Permit Application: €2,000 per adult person
For the Applicant’s family members (spouse, children): additional recent certificate of marital status, translated and stamped APOSTILE, proving the relationship.
The Applicant can sign the final sales contract and submit the application of RP through a power of attorney.
Property Expenses And Fees In Greece
Fees for contracts
Transfer of Title Deed In Greece:
- For properties with a building permit issued until 31.12.2005: 3,09% of contract price.
- For properties with a building permit issued after 31.12.2005 instead of the transfer of title deed fee, there is a payment of VAT 24%.
Expenses – Notary fees: 1.5%
Expenses – Lawyers’ fees: 1.24%
Registration of Title Deed:0.5%