program
Greece Residency by Investment
Program Overview
Minimum Investment
N/A Donation
Minimum Investment
€250,000 Real Estate
Time to Residency
8-10 months
Visa Free Access
Schengen Countries
Greece Residency by Investment Requirements
The Greece Residency by Investment program was introduced by the government in 2013. Applicants are granted a five-year residency which can be renewed every five years. The program offers a straightforward residency route, with no stay requirement.
To be able to apply for this program, you should be at least 18 years of age, in good health, and without a criminal record.
In addition, you are required to make a purchase, lease or timeshare investment in real estate.
Main Applicant Requirements
- 18+ years of age
- Good health
- No criminal record
- Successfully pass due diligence checks
- Confirmed investment sources
Eligible Dependents
- Spouse of the main applicant
- Children (biological or adopted) under 21 years of age
- Dependent parents
Greece Residency by Investment Benefits
Freedom of movement
As a permanent resident of Greece, you are entitled to freedom of movement in the Schengen area.
Health & Education
You will enjoy access to world-class healthcare systems, have the right to attend schools and universities in Greece.
Guaranteed by law
The program is based on the law & is guaranteed by the government since 2013.
Top location
Strategically located, beautiful natural environment, safe country and sunny Mediterranean climate.
GREECE | Residency by Investment
Legal Basis
On 18th April 2013, Greece introduced Law 4146/ 2013. It offers a renewable five-year Greek residency visa to foreign nationals who invest at least 250,000 Euros in residential real estate physically located in Greece. A residence permit for five (5) years is issued and can be renewed indefinitely (for a 5-year period each time), provided that the real estate property is still owned by the applicant. However, the residence permits do not allow a right to employment of any type.
Costs of Greece Permanent Residency
Minimum Investment for Administrative Region of Attica
EUR 800,000
Minimum Investment for All other regions of Greece
EUR 400,000
Minimum Investment for Restoration
EUR 250,000
Application Process For Greece Permanent Residency
Application Process
8-10 months
- Step 1Savory & Partners shall pre-screen your passport copy for Government pre-approval to ensure fast processing. A down payment of the professional fees will be required to open your application. Savory & Partners will provide assistance and advice with regards to the collection of the necessary documents in the checklist.
- Step 2The applicant must apply for an entry visa to the Greek consulate authority in their country of origin. Either a type C Schengen visa or a type D national visa is required to purchase a property in Greece.
- Step 3Savory & Partners will guide you to the Greek property that fully satisfies your requirements and starts preparing property purchase documentation required to be presented for Residency application.
- Step 4The applicants must travel to Greece to get their passports stamped before submitting the Residency application.
- Step 5Savory & Partners will prepare property purchase documents to complete the purchase. Property purchase funds and taxes will need to be transferred.
- Step 6The application is then submitted to the official Directorate of Immigration. If the Secretary-General approves the application, the investor and family will receive the residence permit.
PORTUGAL | RESIDENCY BY INVESTMENT
READY TO APPLY?
Visa-free Countries for Greece Residency
Visa-free and visa-on-arrival countries
26 Countries & Territories
Visa-free access (26 countries & territories)
- Austria
- Belgium
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Iceland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Norway
- Poland
- Portugal
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
Client Success Stories
Success Stories - A safe and bright future
The problem
Our Indian client, a business owner and single parent was looking for long-term residency in a country that would ensure quality education and safety for his daughter. With a successful business set-up in his home country, he could not consider relocating as it would limit his growth opportunities. At the same time, he wanted to secure a bright future for his daughter ensuring world-class education but was also wary about her well-being and safety. Above all, recently divorced, it was challenging for the client to procure documents for his daughter.
The solution
When the client approached Savory & Partners, we considered the many sentiments involved including that of a father, a dedicated businessman and a single parent. We understood his requirement and prepared a strategy that would not only serve his personal life positively but would see his business grow by leaps.
We recommended Portugal, not just for the simplicity of obtaining a residence permit but its exceptional education system and healthcare. Portugal is known for its outstanding higher education institutions.
Portugal has a lot of different immigration options available. The passive income - the D7 visa, the newly christened Digital Nomad Visa and the option that is tailor-made for businessowners - the Portuguese D2 visa.
Our client could fulfill his residency requirements while also maintaining an active management role in his company without worrying about spending too much time outside of Portugal.
With residential flexibility of the Golden Visa, his daughter could relocate to Portugal immediately and he could fulfil his residency requirements while also maintaining an active management role in his company back home without worrying about spending too much time outside of Portugal. As of 2021, Portugal is globally ranked in the top ten in terms of ease of registering a company. Meaning our client would not only go ahead and bring his existing business to Portugal but could venture into new business opportunities across Europe.
Approaching Savory & Partners to undertake his residency application ensured that the client would have all the necessary documents for himself and his daughter ready on time. Our agents oversaw that all requirements for a successful due diligence were also fulfilled.
Download brochure
Content
- Portugal Country profile
- Benefits of the program
- Investment requirements
- Investment process
Length
4 pages
Language
English & Arabic
size
1 mb
ABOUT GREECE
CAPITAL
Athens
TOTAL AREA
131,957 km²
POPULATION
10.75 million
LANGUAGE(S)
Greek
CURRENCY
Euro (EUR)
EXCHANGE RATE
1 USD = 0.92 EUR
GDP – PER CAPITA (2022)
USD 20,867
GDP – TOTAL (2022)
USD 217.6 billion
About Greece
The ancient country of Greece lies in southeastern Europe with plenty of islands throughout the Aegean and Ionian seas. Influential in ancient times, it’s often called the cradle of Western civilization. Greece is an EU member country and the Greece Investment Residence Permit allows for visa-free travel through Schengen. Securing Greece Residency allows visa-free travel, family security and access to highest standards of healthcare, education and business opportunities.
Greece is strategically located at the crossroads of Europe, Asia and Africa.
The official language is Greek, but a large portion of the population speaks English.
The Government is represented by parliamentary democracy, and the Prime Minister is the head of the Government.
The country has an area of about 131.990 sq. km and its territory includes more than 2.000 islands in the Aegean and Ionian seas.
The country is a member of important international organizations: European Union, NATO, EBRD, EIB, IBRD, IMF, IMO, Interpol, OECD, UN, UNCTAD, UNESCO, WHO, WTO, CERN.
The country is renowned for hospitality standards and long traditions in tourism.
Greece is one of the cradles of European and modern civilization, whose ancient scholars made great advances in philosophy, medicine, mathematics and astronomy.
The currency is the Euro.
Due to its unique position, one can reach within 1-hour flight 3 different continents and in 3 hours maximum to be in any part of Europe.
With over 300 days of sun per year, Greece offers residents and visitors mild and temperate weather conditions all year-round.
Whether you prefer calm secluded beaches and villages, where one can retire and relax, buzzing modern cities, or you are fascinated with history and art, you can find everything you wish for.
Greece is ranked as the 7th most visited country in the European Union and 16th in the world.
Where is Greece?
Greece is located in Southeastern Europe, bordering the Ionian Sea and the Mediterranean Sea. It is a peninsular country, with an archipelago of about 3,000 islands.
GREECE | Residency by Investment
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