Greece Residency by Investment

• The investor’s spouse, children (under 21), and parents also gain 5-year permanent residence without any additional investment.
• Enjoy visa-free travel to Schengen countries, and reside in these countries for short periods.
• No obligation to reside in Greece to maintain permanent resident status.
• Those who choose not to reside in Greece can rent out the property to earn additional income.
• Access high-quality EU standard healthcare services.
• Children can attend internationally reputed schools and universities at domestic tuition rates.

• 1. The individual or sole proprietor of a legal entity must own real estate worth at least €250,000 in Greece or have signed a contract with an attorney or realtor demonstrating the intent to buy real estate worth this amount.

2. For commercial real estate for tourism within Greece, the sole proprietor of a legal entity must sign a contract for the lease that is valid for at least 15 years.

Some factors to keep in mind when investing are:

• The investment could include various real estate properties, which have a total value that exceeds €250,000. This allows the investor to purchase liquid real estate at reasonable prices.
• The investment amount is calculated based on the estimated value of a piece of real estate, which is typically higher than the market value. So, the minimum investment amount of €250,000 could be fulfilled at a market price of $150,000 or more.
• The investor can renew their five-year permanent residence, even if they do not reside in Greece. So, it is possible to rent the real estate purchased and earn returns on investment.

• • Notarized contract of a real estate purchase.
  • Attestation of the contact being registered with the Land Register.
  • Notary’s attestation of the real estate meeting legal requirements (including the value).
  • Payment receipt of the state fee as per Article 132.
  • A valid passport.
  • Marriage certificate (if the investor has an accompanying spouse).
  • Children’s birth certificates (if children are included in the application).
  • Health insurance policy.

Suppose the real estate is not owned by the investor when applying. In that case, documents a contract can replace 1-4 concluded with a relator or attorney, which showcases the intent to purchase real estate. In this case, the investor must provide a bank statement to prove that they have the necessary investment funds. All documents have to be officially translated to Greek.