Greece

Greece offers a mild climate, warm waters and friendly locals, making it an attractive destination. Beyond these perks, Greece provides opportunities for doing business and generating rental income. Additionally, the Greece Golden Visa Program allows investors to acquire a residence permit and eventually Greek citizenship through naturalization by investing in real estate, stock, or deposits, with the option to retrieve their investment after five years.

Notably, investors have no obligation to reside in the country and can freely come and go as they please. Their residence permit remains valid without regular visits to Greece. Moreover, the opportunity to gain Greek citizenship and a passport becomes available after a six-year period from the initial investment.

Country Highlights

Capital

Athens

Population

10.64 mn (2021)

Language

Greek

Currency

Euro

Exchange Rate

1 USD = 0.92 €

Government Type

Unitary parliamentary republic

Global Ranking

5th

Time to Citizenship

3-6 Months

Minimum Investment

€ 250,000

Type of Investment

Real estate

Visa-free Countries

Permanent Residency

Austria
Belgium
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Slovakia
Slovenia
Spain
Sweden
Switzerland

Citizenship

Albania
Andorra
Angola
Antigua and Barbuda
Argentina
Armenia
Australia
Austria
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bolivia
Bosnia and Herzegovina
Botswana
Brazil
Brunei
Bulgaria
Burkina Faso
Cambodia
Canada
Cape Verde
Chile
Colombia
Comoros
Costa Rica
Croatia
Cyprus
Czech Republic
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Grenada
Guatemala
Guinea-Bissau
Haiti
Honduras
Hungary
Iceland
India
Indonesia
Iran
Ireland
Israel
Italy
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kuwait
Kyrgyzstan
Laos
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macedonia
Madagascar
Malawi
Malaysia
Maldives
Malta
Marshall Islands
Mauritania
Mauritius
Mexico
Micronesia
Moldova
Monaco
Montenegro
Morocco
Mozambique
Myanmar
Nepal
Netherlands
New Zealand
Nicaragua
Norway
Oman
Palau
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Rwanda
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines
Samoa
San Marino
São Tomé and Príncipe
Senegal
Serbia
Seychelles
Singapore
Slovakia
Slovenia
Solomon Islands
Somalia
South Africa
South Korea
Spain
Sri Lanka
Suriname
Swaziland
Sweden
Switzerland
Tajikistan
Tanzania
Thailand
Timor-Leste
Togo
Tonga
Trinidad and Tobago
Tunisia
Turkey
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Kingdom
United States
Uruguay
Uzbekistan
Vanuatu
Vatican City
Venezuela
Vietnam
Zambia
Zimbabwe

Benefits

  • Global Ranking: The Greek passport is ranked the 5th most powerful passport in the world.
  • Efficient Processing: Investors can secure their residence permit within 3-6 months from the date of application submission.
  • International Mobility: Enjoy visa-free travel to the EU and Schengen countries, provided that the applicant acquires the Golden Visa.
  • Legacy: Holders of the Greek residency can pass on their status to family members, including spouses, partners without marriage registration, children under 21 as well as parents.
  • Flexibility: Investors have the right to work and live permanently in
  • No Residency Requirement: Applicants are not required to reside in Greece, and only one visit is needed to provide biometrics.
  • Open an Account: Open an account with a European bank.
  • Greek Citizenship: After 7 years the applicant can apply for the Greek citizenship.

Required Documentation/Paperwork

  • Certified copy of full birth certificate
  • Six (6) passport- sized, color photos of yourself taken within the last six months (Approximately 35 x 45 mm in size, of good quality color and on high quality paper)
  • Certified copy of your current passport(s)Certified copy of full birth certificate
  • Bank reference letter is sued by an internationally recognized bank valid within the last six months immediately preceding the submission of the application.
  • Due Diligence (Police certificate from country of birth, and from any other country in which you have resided for a period of at least one year during the ten (10) year immediately preceding the submission of the application for citizenship by investment. • The police certificate should be no more than six months old. *In the event that you are unable to obtain a police certificate, please provide an explanation here. Police certificates are NOT required for qualifying dependents below the age of 16).
  • Certified copy of marriage record or marriage certificate (s) (if applicable). *You must submit for the principal applicant and the spouse.
  • Certified copy of divorce decree (if applicable) *You must submit for the principal applicant and spouse.
  • One (1) document of proof of residential address valid within the last three months immediately preceding the submission of the application. *Examples of proof of residential address include: Certified copy of a recent utility bill OR Bank statement showing full name and address. (Certified copy / Original).
  • Professional reference (e.g. from an attorney, chartered accountant or other professional of similar standing) valid within the last six months immediately preceding the submission of the applications.

Eligibility Criteria

  • Applicants must be at least 18 years old.
  • Applicants must have an official income.
  • Applicants must have a clean criminal record.
  • Investors and their families must consent to the submission of biometric data.
  • Applicants must have health insurance.
  • Applicants must have an official Greek visa.

Steps

  • Step 1: AZUR CBI commences the process by pre-screening your passport copy for government pre-approval. A down payment of the professional fees is required to open your application. AZUR CBI will assist and guide you in collecting the necessary documents from the checklist.
  • Step 2: The applicant must apply for an entry visa to the Greek consulate authority in their country of origin.
  • Step 3: AZUR CBI will assist you in finding a Greek property that meets your requirements and will start preparing the necessary property purchase documentation for your residency application.
  • Step 4: The applicants must travel to Greece to have their passports stamped before submitting the residency application.
  • Step 5: AZUR CBI will prepare property purchase documents to complete the purchase. Meanwhile, property purchase funds and taxes will need to be transferred.
  • Step 6: The application is then submitted to the official Directorate of Immigration. If the Secretary-General approves the application, the investor and their family will be granted the residence permit.

Costs

The purchase of a real estate in Greece requires a minimum of €250,000. The properties can be sold after five years with the money returned, but must buy a property valued at €250,000 or above.

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