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Greece
Greece Golden Visa Program (MRP)
Greece offers a Golden Visa Program that grants permanent residency to foreign investors. As of 2025, various investment options and requirements have been revised. This program allows investors to enjoy free movement and a high standard of living within the European Union (EU).
Main Investment Options
1. Real Estate Investment Option
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€800,000: Purchase of real estate (minimum 120㎡) in high-demand areas such as Athens, Thessaloniki, Mykonos, and Santorini
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€400,000: Purchase of real estate (minimum 120㎡) in other regions
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€250,000: Conversion of commercial properties into residential use or restoration of cultural heritage buildings
2. Startup Investment Option
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€250,000: Investment in a startup registered with the Greek government
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Requirements: Investor’s ownership limited to 33% or less, creation of at least two jobs within one year of investment, and maintenance of those jobs for a minimum of five years
3. Other Investment Options
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€400,000: Investment in shares or bonds of Greek companies
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€400,000: Purchase of Greek government bonds (minimum 3-year maturity)
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€400,000: Deposit in a Greek bank for at least 12 months
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€350,000: Investment in mutual funds or alternative investment funds (AIF) focused on Greek real estate development
Application Process Summary
- 1. Choose and Prepare Investment Option: Select one of the investment options above and prepare the required funds.
- 2. Open a Greek Bank Account: Open an account to transfer and manage investment funds.
- 3. Execute Investment and Submit Documents: Make the investment and submit the necessary documents according to the chosen option.
- 4. Golden Visa Approval and Residency Acquisition: Receive approval after document review and obtain Greek residency.
- 5. Apply for Citizenship (After 5 Years): Apply for citizenship upon fulfilling the residency requirements.
Important Notes
- Real Estate Investment Restrictions: From 2025, investment amounts have increased in some areas, and certain conditions must be met.
- Investment Maintenance Period: Investments must be maintained for at least five years; early withdrawal may affect visa eligibility.
- Short-term Rental Restrictions: Properties acquired through the Golden Visa cannot be used for short-term rentals (e.g., Airbnb); violations may result in fines.
Eligibility Requirements
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1. Age and Health
Applicants must be at least 18 years old and in good health.
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2. Clean Legal Record
Applicants must have no criminal record in Greece or their country of residence; applications may be denied for a criminal history.
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3. Asset Requirements
Must meet the minimum investment amount based on the chosen option and provide legitimate proof of fund sources.
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4. Residency Requirement
Must stay in Greece for at least 7 days per year and may apply for citizenship after 5 years of residency.
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5. Family Inclusion
Spouse and children can be included in the application. Children must be under 18, or under 26 if financially dependent.
Benefits of the Greece Golden Visa
- EU Residency Rights: Freedom to reside and travel across Greece and other EU countries
- Tax Advantages: Non-resident tax regime available, reducing tax burdens
- Eligibility for Permanent Residency & Citizenship: Option to apply for citizenship after 5 years of residency
- Family Inclusion: Spouse, children, and parents may be included
- High Quality of Life: Safe environment, excellent healthcare, and education systems
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