Greece offers several pathways for foreign investors seeking a Golden Visa, granting residency rights in the country. As of November 2024, the investment requirements have undergone notable changes, particularly for real estate. Here’s a breakdown of the available options:
1. Real Estate Investments
Real estate remains the most popular route for obtaining a Golden Visa in Greece. Recent amendments have adjusted the minimum investment thresholds based on location and property type:
Increased Minimums in Key Areas:
From September 1, 2024, the minimum investment has risen to €800,000 for properties in Thessaloniki, Mykonos, Santorini, and islands with populations exceeding 3,100.
Other Regions:
In other parts of Greece, the minimum investment now stands at €400,000, up from the previous €250,000.
Eligibility Requirements:
- The purchased property must have a minimum area of 120 square meters.
- Investors can only acquire one property to meet the required threshold.
- Non-residential properties and properties requiring restoration retain a lower threshold of €250,000.
Additional Costs:
State, notary, and legal fees for property purchases and visa applications are approximately €15,000.
A VAT charge applies to real estate purchases.
2. Time Deposits
Investors can opt for a time deposit of at least €400,000 in a Greek national credit institution. The deposit must be held for a minimum of one year.
3. Capital Contributions
A minimum investment of €400,000 in a company with its registered office or representative office in Greece is another viable option. This allows investors to contribute directly to the Greek economy through business activities.
4. Greek Government Bonds
Purchasing Greek government bonds worth at least €400,000 offers another pathway to a Golden Visa. This option appeals to investors seeking a secure and low-risk investment.
These investment avenues provide flexible opportunities for foreign nationals to gain residency in Greece while contributing to the country’s economy.