A Guide to Obtaining an EU Card: Permits for EU Residents
Learn moreJuly 6, 2024
The Greek Golden Visa program allows non-EU nationals to obtain a residency permit in Greece by purchasing property. Since the 5th of April 2024, according to the new law 5100/2024 (Government Gazette A’ 49/05-04-2024), the minimum value requirement of the property investment has increased to €800,000. The said property must also equal to at least 120 square meters, whereas in the previous legislation related to the Golden Visa program, there was no requirement concerning the size of living areas. The investment must be made in a single property, including for undivided joint ownership purchases per individual.
Please note that the new minimum property investment value only applies to these areas:
In the remaining regions of Greece and islands with below 3.100 residents, the minimum value of the property must be equal to 400,000 EUR. The same requirements apply, concerning co-ownership per individual and investments made in a single property. You can still be eligible for the Golden Visa and make an investment worth €250,000, only with certain exceptions. See your eligibility in our other article here.
If you’re interested in going down this path, you can now apply for the Golden Visa scheme completely remotely. Additionally, you can sign a Power of Attorney without visiting Greece, provided it is certified or authorized by a Greek Consulate. See our Services page for more details information related to the Golden Visa Program.
When you receive a Golden Visa, your family can reside in Greece or maintain their residence in your native country while using the permit as required. With its connections to other European countries, Greece serves as an exceptional hub for travel. Furthermore, it provides an exceptional standard of living, which includes healthcare, shopping, scenic wonders, sporting activities, cultural gatherings, a sunny climate, and a multitude of private English-language schools and universities. Holding a Greece Golden Visa grants you access to the same health and educational entitlements as Greek citizens.
One of the key perks of obtaining the Golden visa permit is the validity of the visa for a generous five-year period, providing long-term stability and the opportunity to establish a home away from home. This extended validity also reduces the administrative burden associated with frequent renewals.
Moreover, the Golden Visa facilitates hassle-free travel within the Schengen region, eliminating the need for a separate visa when exploring the diverse European countries that are part of this agreement. This seamless mobility opens up a world of possibilities for both business and leisure, making Greece an ideal gateway to the cultural and historical treasures of Europe.
The inclusivity of the program is another noteworthy advantage. Not only does it cover the primary investor, but it also extends benefits to their immediate family members. Spouses, dependent children under the age of 21, and even dependent parents are eligible to share in the advantages offered by the Greek Golden Visa. This inclusiveness allows families to make collective decisions about their place of residence and education, fostering a sense of unity and familial well-being.
The flexibility granted by the Golden Visa is particularly appealing. Families can choose to reside in Greece or maintain their primary residence in their home country while utilizing the permit as needed. This flexibility ensures that families can tailor their living arrangements to suit their unique preferences and circumstances, making the Greek Golden Visa a truly adaptable solution for diverse expatriates.
For detailed information on how to apply for a Greek Golden Visa, you can book a consultation call with us here.
The “Golden” visas cost €500, which is paid and obtained through the “e-Paravolo” platform and and an additional €16 for the issuance of the card.
To apply, you will need to show these documents:
In order to apply for the Golden Visa program and residency, you must appoint a lawyer to walk through the process, since you are prone to making errors if you were to go about it without any legal assistance. Generally, the lawyer will be able to provide assistance with:
Regarding the biometrics appointment, the main applicant has to come to Greece to register his or her fingerprints with the local Greek authorities.
The Greece Golden Visa belongs to the investor, along with their spouse (if they are married), and children up to the age of 24, and the dependent parents of both partners. This permit remains valid, provided the purchaser maintains ownership and must be renewed every five years.
The Golden Visa is not the same as obtaining Greek Citizenship, since it is a residency program by investment. The Golden Visa program allows you to live and reside in Greece for a minimum of 5 years, before renewing the permit, while obtaining Greek Citizenship through naturalization grants you the right to live or work in any other EU country, therefore, to freely travel, reside, study and work within the 28 countries of the EU, as well as Switzerland, Norway, Iceland and Liechtenstein.
If you're interested in applying for a Greek Golden Visa, or if you would like to obtain more information, please visit our services page.
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