GREEK GOLDEN VISA PROGRAM – Permanent Residency by Investment

What is Greek Permanent Residency?

Greek Permanent Residency, also referred to as the Greek Golden Visa, provides a straightforward way for non-EU nationals to obtain legal residency in Greece through investment. The program, introduced in 2014 under Law No. 425, has become one of the leading residency-by-investment initiatives across the EU. What sets the program apart is its low investment threshold, beginning at EUR 250,000, making it one of the cheapest options within the EU. With the guidance of our team, investors benefit from a seamless process, by means of real estate acquisitions or long-term leasing options.

GREEK GOLDEN VISA PROGRAM – Permanent Residency by Investment

What is Greek Permanent Residency?

Eligibility Criteria for Greek Permanent Residency

The Greek Permanent Residency initiative includes eligibility to family members of the primary applicant. Applicants can bring their spouses, children, and parents in the residency application. With multi-generational eligibility, the residency creates opportunities for families seeking European residence. Eligibility requires that investments fall within the relevant tiers: EUR 250,000, EUR 400,000, or EUR 800,000, depending on the location. With Savva & Associates LTD, applicants enjoy expert insights at every step, ensuring smooth eligibility.

Benefits of Greek Permanent Residency

The Greek Permanent Residency program offers a variety of benefits for investors. Visa-free travel within the Schengen Zone is a primary benefit, providing access to 26 European countries. The program also grants a route for citizenship after seven years with the required residency criteria. Multi-generational coverage offers peace of mind for families. Residents are free to move as they please, thanks to the absence of a minimum stay rule. Investors can rely on Savva & Associates LTD to overcome all complexities and leverage the full potential of Greek residency.

GREEK GOLDEN VISA PROGRAM – Permanent Residency by Investment

How to Apply for Greek Permanent Residency

The process for obtaining Greek Permanent Residency is well-structured, beginning with selecting a qualifying property. A 10% deposit locks in the purchase, and Savva & Associates LTD assists at every stage. By granting Power of Attorney, applicants allow local experts to handle matters on their behalf. Once the property is registered, the immigration office processes applications swiftly—often within a week. Savva & Associates LTD monitors timelines to ensure timely completion throughout the process. A visit to Greece for biometrics collection is essential. With full-service assistance, Savva & Associates LTD manages all details.

Required Documents for Greek Permanent Residency

Applicants need to submit a series of documents to finalize the Greek Permanent Residency process. Key documents include passports, insurance policies, and agreements related to the investment property or lease. Marriage or birth certificates are also needed, especially when family members are included. Proper translation and certification of these documents is essential. The experts at Savva & Associates LTD facilitate the documentation process, reducing the burden on applicants. Residency applications also require immigration processing fees and biometric appointments. Savva & Associates LTD ensures efficient documentation, minimizing the risk of complications.

Greek Permanent Residency Through Real Estate Investment

Real estate stands out as the preferred route to Greek Permanent Residency. Recent changes have introduced new tiers: EUR 250,000, EUR 400,000, and EUR 800,000, depending on the location. High-demand areas such as Mykonos and Santorini require higher investments. The program allows investment in villas, townhouses, or commercial properties, giving investors multiple options. Investors can also generate rental income from their properties, maximizing their financial return. Savva & Associates LTD helps investors in identifying high-potential properties. Whether applicants opt to visit Greece, Savva & Associates LTD ensures the transaction is managed smoothly.

Renewal and Maintenance of Greek Permanent Residency

Greek Permanent Residency remains valid for five years, with renewal available every five years as long as the investment is maintained. Applicants do not need to reside in Greece to retain their residency, offering flexibility. Additionally, property ownership can be transferred to children once they turn 24, permitting them to become the primary applicants. The option for inter-generational transfers boosts the flexibility of the program. Savva & Associates LTD provides assistance for residency renewals and ensures compliance with all requirements. For those seeking Greek citizenship, Savva & Associates LTD provides guidance on meeting the seven-year residency and language criteria. With continuous assistance, Savva & Associates LTD guarantees a hassle-free renewal.