Frequently Asked Questions about the Greece Golden Visa.

Will the Greek Golden Visa program be increased to 800,000 EUR?

Yes, for some regions, but not for all regions. The minimum amount that can be invested in real estate under the Greek Golden Visa program is expected to be EUR 800,000. These changes are expected to take effect in several high-demand areas, including the entire Administrative Region of Attica, Thessaloniki, Mykonos, Santorini and islands with more than 3,100 residents. The minimum investment for other regions of Greece is expected to be EUR 400,000.

When are the changes to the Greek Golden Visa program expected to take effect?

The Greek Golden Visa program will have significant changes from August 31, 2024, with the doubling of the minimum investment in some regions.

What are the requirements when investing in Greek real estate under the new changes?

The requirement for both new changes (EUR 800,000 or EUR 400,000) is that the investor must be made into a single property with an area of at least 120 square meters.

What are the conditions for applying for a Greek Golden Visa with an old investment of 250,000 EUR (in 2024)?

However, there is still one last chance for investors to register with an investment of EUR 250,000 if the following conditions are met:

• 10% deposit before September 30, 2024: Investors need to deposit at least 10% of the property value before this date to ensure benefits.
• Completion of the investment before December 31, 2024: The remaining investment must be paid in full by this deadline.
• Completion of renovation (if any) before April 30, 2025: For properties in need of renovation, the work must be completed before this date.

Are past or current applicants affected?

If you have already applied for a Greek Golden Visa, your case is being considered. So, your application will not be affected by the new changes to the Greek Golden Visa program.

Furthermore, the adjustment of the program will not be retroactive. Investments made in accordance with the previous regulations will be carried out according to the plan. Therefore, the efforts of the previous applicants and their financial commitments will be ensured as they have embarked on the Greek Golden Visa process.

Eligibility Criteria of the Greek Golden Visa Program

To be eligible for the Golden Visa program, individuals must meet certain criteria, including:

• Be a non-EU or non-EEA citizen.
• Make a qualifying investment in real estate, business, or other eligible assets.
• Demonstrate a clean criminal record and meet financial requirements.
• Reside in Greece for a certain period of the program.

Investment options of the Greek Golden Visa program

Investors who want to obtain a Golden Visa can choose from a variety of investment options, such as:

• Real estate investment: Purchase of assets with a value at the minimum threshold specified by the program.
• Business Investment: Investing in Greek companies, startups, or projects that contribute to economic growth.
• Other Qualified Investments: Participation in government bonds, bank deposits, or other approved investment mediums.

After how many years of residence can an investor apply for Greek citizenship?

The Greek Golden Visa program allows applicants to obtain permanent residence in Greece. After residing in Greece for 7 years and meeting certain requirements, residents can be eligible for citizenship.

This includes having permanent housing, joining the local community, and communicating in the Greek language. After naturalization, new citizens can apply for a Greek passport, opening up opportunities to live, work, and study in the EU, EEA, and Switzerland.

What is the procedure and process for applying for a Greek Golden Visa?

– Consider and appraise the investor’s dossier.

– Open a bank account. Select the desired property.

– Conduct real estate investment. Apply to the government.

– Processing Golden Visa applications.

– Once approved, the applicant provides biometric data before the Golden Visa is issued.