Greece
Greece is famous for its perfect climatic conditions, breathtaking landscape, and immersive history. The golden visa program in Greece lets foreign investors make an affordable real estate investment to get a permanent residency in Europe. Mahandru Associates assists you throughout the process of acquiring a Greece citizenship by investment in Dubai. Dual citizenship is complex, and the rules and laws regarding citizenship vary from one country to the next, so it is always better to sit down with our experienced immigration consultants. It is also possible to get a Greece citizenship by residency, but the preferred method for most foreign nationals is citizenship by investment.
Known as the cradle of Western civilization, Greece embodies the perfect blend of business and leisure, attracting nearly 40 million tourists annually. From swimming in the turquoise waters of Zakynthos to enjoying the vibrant nightlife of Mykonos and delving into the rich historical heritage of Athens, Greece offers an ideal setting for both leisure and building a desired life. As one of the most sought-after investment programs in Europe, the Greece Golden Visa Program provides access to a European oasis with highly competitive investment options in the region.
Age Demographics
- 0-15 Years Old
- 15-64 Years Old
- 65+ Years Old
Qualifications
The Greece Golden Visa Program is considered one of the most attractive and competitive residency-by-investment programs in Europe. To qualify, applicants must meet the following requirements:
- Be at least 18 years old.
- Possess a valid passport.
- Enter Greece legally.
- Complete the purchase of a property that meets the investment criteria.
The following family members qualify as dependents of the main applicant:
- Spouse.
- Children up to 21 years old.
- Parents of the main applicant.
- Parents of the spouse.
Why Choose Greece?
As a member of the Schengen area and the eurozone, Greece seamlessly blends its rich historical heritage with exceptional Mediterranean scenery and a thriving economic landscape. The country has regained momentum through growing foreign direct investments (FDIs) from global investors. Participation in the Program enables permit holders to acquire long-term residence status, a prerequisite for naturalization.
To qualify for Greece’s Golden Visa program, investors must comply with the regulatory requirements related to the contribution. In summary, applicants should:
Invest in Real Estate:
Minimum investment: €250,000 (€500,000 for areas of Central, Southern, and Northern Athens, and specific municipalities and islands, effective from August 1, 2023).
The property must be held for the duration of the permit to maintain and renew eligibility. Reselling the property without replacement nullifies the permit.
Invest in Financial Products:
Corporate shares, bonds, and Government Treasury bonds traded on regulated markets.
Bank deposits meeting specific criteria.
Minimum investment: €400,000 (rising to €800,000).
Joint Ownership:
Spouses can jointly own property.
Two or more main applicants can jointly own property, if each applicant meets the minimum investment criteria.
Property Rental:
The property can be rented out to third parties without any restrictions.
Please note that these requirements are subject to change and may be updated periodically. It is essential to consult the official sources and/or a qualified expert for the most current and accurate information.
1.1 Benefits
- Fast and straightforward procedure with applications processed within 4-12 months.
- Residency cards are renewed every 5 years for the lifetime of the main applicant and their parents, provided they maintain a property with a minimum sales value as per the investment thresholds.
- No obligation to reside in the country.
- Children up to 21 years old and parents of the spouse can participate in the Program.
- Holders of the residence permit have access to public education (schools, universities) at the same terms as those for Greek nationals.
- Visa-free access to over 172 countries, including Schengen countries.
- Right to enter and reside in Greece even in case of closed borders.
Greece has been ranked as one of the top destinations for both tourism and investment, offering a unique blend of lifestyle and economic opportunities
Reasons to Choose Greece?
- Beautiful country with scenic beaches
- Opportunity to study, live and do business in EU member state
- Family included
- No minimum residency rule
- Quick process that needs approximately 40 days
- Obtaining Schengen residence card
- Permanent residence permit, which renewable after 5 years. This leads to Greek citizenship after 7 years
- The cheapest residency program in Europe
- Free travel to EU Schengen member states
Updated yearly, the Arton Index is an overall assessment and comparative benchmark of the country and its investment program.
10,497,595
Population Growth: 1.95%
29,500 USD
GDP (per capita)
GDP (purchasing power parity)
314 billion USD
175
Visa free countries
LOCATION
South Eastern Europe, on the southern tip of the Balkans
CAPITAL
Athens
DIFFERENCE
UTC +3
TOTAL AREA
131,957 sq. km.
AGE DEMOGRAPHICS
0-15: 14.2% 15-64: 66.2% 65+: 19.6%
LANGUAGE
Greek (official): 99%, English, German, French, Italian: 1%
RELIGIONS
Orthodox Christianity: 90%, Other Christians: 3%, Unaffiliated: 4%, Islam: 2%, Other religions: 1%
GOVERNMENT TYPE
Parliamentary Republic
CURRENCY
Euro (EUR)
EXCHANGE RATE
1 EUR = 1.07 USD
