Posted by Chase Real Estate Corfu on May 9, 2025

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What is the Greek Golden Visa Program?

The Greek Golden Visa program is one of the most popular residence-by-investment programs in Europe. It offers non-EU nationals the opportunity to gain residency in Greece in exchange for investing in Greek real estate. The Golden Visa is a highly attractive option for investors looking to secure residency rights for themselves and their families, all while making a lucrative investment in one of Europe’s most sought-after real estate markets.

In this article, we’ll explore how to secure a Golden Visa through property investment in Greece, the benefits of the program, and the steps involved in the application process.

What Does the Greek Golden Visa Offer?

The Greek Golden Visa program is designed to attract foreign investors to Greece. Here are the key benefits of securing a Golden Visa:

Residency in Greece: A Golden Visa grants the holder and their family members (spouse, children under 21, and parents) legal residence in Greece.
Free Travel in the Schengen Area: Greece is part of the Schengen Zone, which means Golden Visa holders enjoy visa-free travel across 26 European countries.
Path to Citizenship: After residing in Greece for seven years, you can apply for citizenship, allowing you to live and work in any EU country.
No Minimum Stay Requirements: Unlike other residency programs, the Greek Golden Visa does not require the holder to live in Greece full-time. However, a minimum of seven days per year is recommended to maintain residency.

The Requirements for Securing a Golden Visa Through Property Investment

To qualify for a Golden Visa in Greece, you must meet specific investment criteria. The primary requirement is purchasing real estate, but there are other investment options as well. Below are the essential criteria:

Real Estate Investment Threshold

Minimum Investment: The most common way to secure a Golden Visa is through real estate investment. You must purchase property in Greece valued at a minimum of €250,000. This is one of the lowest thresholds in Europe, making Greece an attractive option for international investors.
Property Type: You can invest in residential properties, commercial buildings, or land. The property can be located anywhere in Greece, although certain high-demand areas such as Athens, Mykonos, and Corfu are particularly popular.

Alternative Investment Options for Golden Visa

While property investment is the most common route, there are other ways to qualify for the Golden Visa:

Capital Investment: Invest at least €400,000 in Greek businesses or government bonds.
Job Creation: Invest in the Greek economy by creating a business that employs at least 10 individuals.
Research and Development: Make a minimum investment of €400,000 in research and development projects in Greece.

However, property investment remains the most straightforward and widely-used option.

Steps to Apply for the Greek Golden Visa Through Property Investment

Securing a Golden Visa through property investment in Greece involves several steps. Here’s an overview of the process:

1. Choose the Right Property

The first step is finding a suitable property for investment. You can choose from a variety of properties, including residential villas, apartments, or commercial properties. The key is ensuring that the total value of the property meets the €250,000 minimum investment threshold.

For expert advice and to explore luxury properties in Corfu, check out this guide.

2. Make the Investment

Once you’ve found the right property, you’ll need to finalize the purchase. This involves transferring funds, signing a sales agreement, and paying the necessary taxes and fees associated with the transaction.

Taxes and Fees: Property purchases in Greece are subject to various taxes, including a 3% property transfer tax and notary fees. Make sure to budget for these additional costs.

3. Gather the Required Documents

After completing the purchase, you’ll need to gather the necessary documentation to apply for the Golden Visa:

Proof of Property Ownership: The property deed and proof of payment.
Valid Passport: A passport from a non-EU country.
Health Insurance: Proof of valid health insurance for all family members.
Criminal Record Check: A clean criminal record from the country of origin.

4. Submit the Application

Submit your application to the Greek government’s immigration authorities. The application process typically takes 2-3 months to complete, and you may be required to provide additional information during this time.

5. Receive Your Golden Visa

Once your application is approved, you and your family members will receive your Greek Golden Visa. This will grant you residency rights in Greece and access to the Schengen Area.

6. Maintain Residency

To maintain your Golden Visa, you must visit Greece for at least seven days per year. This minimal requirement ensures that you keep your residency status active.

Benefits of Property Investment for Golden Visa Applicants

The Greek Golden Visa through property investment offers several advantages:

Real Estate Appreciation

Greece’s real estate market has shown a steady appreciation over the years, particularly in high-demand locations like Athens, Mykonos, and Corfu. Investing in property not only grants you residency but also offers the potential for long-term financial gain as the value of your property increases.

Rental Income Potential

If you don’t plan to live in Greece full-time, you can rent out your property for additional income. Greece is a popular tourist destination, and luxury properties, particularly in regions like Corfu, are in high demand for vacation rentals.

Family Benefits

The Golden Visa allows you to include your spouse, children under 21, and parents in the application. This makes the program an excellent option for families looking to gain residency in Greece and travel freely within the Schengen Area.

Frequently Asked Questions (FAQs)

How long does it take to get a Greek Golden Visa?

The processing time for a Golden Visa application typically takes 2-3 months from the submission of all required documents.

Can I sell my property after receiving the Golden Visa?

Yes, you can sell your property at any time, but you must maintain the minimum investment threshold of €250,000 to keep your Golden Visa.

Do I need to live in Greece to keep my Golden Visa?

No, there is no minimum stay requirement for the Greek Golden Visa. However, it is recommended to spend at least seven days per year in Greece.

Conclusion: Invest in Greece’s Future with the Golden Visa

The Greek Golden Visa program offers a unique opportunity for non-EU investors to gain residency in one of Europe’s most attractive countries, while also making a profitable investment in the growing real estate market. With a relatively low investment threshold of €250,000, Greece stands out as one of the best options for investors looking for a secure, long-term property investment.

If you’re ready to take the next step in securing your Golden Visa through property investment in Greece, contact us at Chaserealestate Corfu to explore premium properties and learn more about the application process.