Greece offering residency without citizenship.
Launched in July 2013 the Greek golden visa programme grants a five year residency visa in return for an investment in real estate. There is no minimum stay requirement and children up to the age of 21 are included in the family application. The visa is granted for five years and renewed every five years if the property investment is retained. It is not necessary to live in the country in order to retain and renew the investor visa. However citizenship can only be granted after seven years of residency.
Key Facts
- Investment in property from €250,000
- Full family residency. Children up to 21
- Flexible. No requirement to reside
- EU Schengen visa travel
- Citizenship requires residency
Investors in real estate in Greece must also budget for the additional taxes on real estate at 24%. However at €250,000 + taxes and fees (just over €300,000 in total) this programme has the lowest cost to residency in Europe. The Greek residency programme is relatively fast, taking around 40 days until a residency card is issued. There are also favourable family rules for dependents.
Compare Golden Visa Programmes
Greece is not the only country in Europe offering a golden visa programme through real estate investment.
