Greece Residency / Citizenship by Investment

Greece Citizenship and Residency

Security. Opportunity. Peace of mind.


European residency or citizenship for investors and their families. Live and work in the EU.


In an effort to support the country's economy, Greece, a Mediterranean country located in the center of Europe, is offering residency or citizenship status to foreign investors. The Greek passport is similar to the passports of Germany, France, or any other EU country; Greek passport holders may live, work or study in any country belonging to the European Union.

International business executives, investors, VIPs as well as affluent citizens worldwide consider an alternative residency or citizenship a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable. 

Live, work or study in any of the EU countries

The Greek Immigration by Investment programs provide for affluent persons of impeccable standing and repute, including their families, to receive the Greek residency or citizenship (EU passport) on the basis of an investment in Greece. Once citizenship is granted, the applicant may live, work or study in any of the member countries of the European Union.

Visa free travel to over 170 countries, INCLUDING the USA

The Greek residency (also know as the "Greek Golden Visa") provides for visa-free travel to the 26 member countries of the Schengen zone. The Greek citizenship offers full European Union benefits, including visa-free travel to more than 170 countries in the world, including the USA, Canada, Middle East, Africa, Asia, and most countries in North, Central and South America.

A better quality of life for the family

Greece is a safe country that enjoys a low cost of living index. The country has long been a vacation spot for Europeans and high net worth individuals who flock to the island for its sunny and warm climate year-round. Greece offers a modern infrastructure ranging from reliable phone and internet service to secure banking to well-established air and sea routes connecting the island to the European mainland and international destinations.

Greece is a democratic and developed country with an advanced high-income economy, a high quality of life, and a very high standard of living. The economy is service-based, with tourism and shipping being two of the key industries.

Greece Golden Visa

Residency allows the applicant to live in Greece as long as desired. You are not required to live in Greece prior or during the Golden Visa residency application, or even after residency has been granted. The processing time for residency is about two months.

Residency can be obtained through an investment in Greek real estate valued at a minimum of EUR 250,000. The Golden Visa you obtain absolute ownership of your property and get your own title deed. The residency is permanent with renewal every 5 years and as long as you keep the property under your ownership.

The temporary residency program for Financially Independent Persons (“FIP”) provides temporary residency in Greece for applicants who can demonstrate a stable and sufficient annual income. Examples include a pension received from abroad, bank account statements, or evidence of sufficient legally originated funds to cover living expenses without having to work as an employee in Greece.

You and your family will have free access to the Greek health system and also your children will be free to attend the Greek educational institutions (schools, universities etc.).
 

Greece (EU) Citizenship

Greek citizenship, meaning the EU passport, allows the applicant to live, work, and study in any of the EU member countries, not just Greece.  If desired, citizenship may be applied for after 84 months (seven years) in permanent residency status, having spent at least 180 days per year in Greece.


Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Greek Residency / Citizenship by Investment programs.    



Greece Residency / Citizenship by Investment

Program Information


Greek passport
The government of Greece is offering Greek residency and citizenship (European citizenship) to foreign investors who contribute to the country's economic development.

Greece, a Mediterranean country located in the center of Europe, has been a member of the European Union since 1981 and the Schengen Area since 2000. Greece became a Eurozone Member in 2001. The country has produced streamlined legislation to create an efficient process by which non-EU residents may obtain a residence permit - and citizenship if so desired - based on investment.

The Greek permanent residency program ("Greece Golden Visa") allow applicants to live in Greece indefinitely and lifts traveling restrictions and elaborate visa requirements across the EU. Permanent residency is granted on the basis of an investment in Greece.

The Golden Visa you obtain absolute ownership of your property and get your own title deed. You and your family will have free access to the Greek health system and also your children will be free to attend the Greek Educational institutions (schools, universities etc.). You are not required to live in Greece prior or during the Golden Visa residency application, or even after residency has been granted. The residency is permanent with renewal every 5 years and as long as you keep the property under your ownership.

The Greek Citizenship by Investment Program (CBI) offers affluent persons of impeccable standing to receive the Greek (EU) citizenship and passport after seven years in permanent residency status, having spent at least 180 days per year in Greece. 

Qualified candidates include international business executives, investors, public figures, VIPs, and important persons - many of which are are active worldwide - who meet the minimum application requirements.

Applicants consider an alternative citizenship and passport a powerful tool for international tax planning and as a safety net should the living conditions at home become undesirable.

 

Application Requirements / Eligibility


The Greece Golden Visa Program is considered one of the most affordable residency by investment routes to Europe. The Program grants visa free access to the Schengen Zone to the applicant as well as the family within 2 months of submitting an application.

A) Residency by Real Estate Investment


To meet the residency program requirements an applicant must invest in local real estate valued at no less than EUR 250,000. Further, the main applicant must be at least 18 years of age and have a clean criminal record. The main applicant may also add dependents to a residency or citizenship application, including his/her spouse, children, and parents.

Applicants may acquire Greek residency through 1) a property purchase, or 2) a timeshare agreement, or 3) the purchase of a plot of land.

Investment Option #1: Real Estate Property Purchase. The applicant invests in property at a minimum value of €250,000 in any part of the country. This includes mainland Greece as well as the surrounding islands. Both residential and commercial buildings are eligible.

Investment Option #2: Timeshare Agreement. Instead of purchasing a property, an applicant may chose to sign a 10 year time-share agreement, provided the minimum value of this lease is €250,000.

Investment Option #3: Plot of Land Purchase. The third investment option entails the purchase of a plot of land. As with options 1) and 2), the value of this transaction must also total at least €250,000. Counting towards this sum are the value of the land plus the value of the development contract signed with a construction company.
 
The timeframe for application processing is approximately two months subject to having completed all documentation and the investment.

B) Residency for Financially Independent Persons


The Greek temporary residency program for Financially Independent Persons (“FIP”) provides temporary residency in Greece and visa-free travel across the Schengen zone in Europe. Holders of the temporary residency in Greece have the right, but not the obligation, to buy real estate in Greece, register and manage a business in Greece, and send their children to Greek and European schools. The visa does NOT authorize the visa holder to work in Greece or in other countries in the European Union.

The condition for receiving and extending this type of residency visa is for the applicant to prove he/she has a steady income from outside of Greece or evidence of sufficient legally originated funds to cover living expenses without having to work as an employee in Greece:
 
- Main applicant: minimum income of at least 2000 Euro per month
- Spouse: additional 20% per month (minimum 400 Euro)
- Children under 18: additional 15% for each child per month (minimum 300 Euro, for each child)

A Greek temporary residency permit for financially independent applicants is issued for a two-year period with further extension for another two years and so on until the holder receives permanent residency of Greece. The only condition for extending the temporary residency permit is that the applicant maintains a stable income.

This temporary residency permit category does not include the right to work.

Eligibility for Greek Citizenship


To qualify under the regulations, a main applicant and his/her family may apply for citizenship after seven (7) years in permanent residency status.
 

Application Timeline


Step 1 - Review and Select Qualifying Investment. Please use our contact form to receive a complete checklist of application documents and cost estimate for you and your family. If you apply for more than one family ask us about a group discount. There is no fee for this initial consultation. Our team can advise you on unique/specific searches or present investment options taking into account your investment preferences.

Step 2 - Prepare Residency Application. Collection of documents such as birth certificates,
marriage and divorce certificates, as well as police clearance that must be submitted with the application. This step takes approximately two (2) weeks.

Step 3 - Application Review. The Greek Authorities issue a receipt of application which may be used as a temporary permit before the final residence permit is granted. The document is valid for a year. The application is reviewed and due diligence checks are carried out. This step takes approximately two (2) months.

Step 4 - Golden Visa Issued. The permanent residency document (Golden Visa") is issued after successful review of the application materials submitted to the government.

Step 5 - Citizenship Application. Following seven (7) years of residency, the applicant may file for Greek citizenship.

   
The application process for residency is expected to take about two months. Government filing fees and attorney fees are in addition to the investment minimums.  


Why Greece?


With its warm and stable climate and convenient geographical position Greece is considered an attractive place for residence. Over 300 days of sunshine a year classify the island as one of the sunniest European locations.

Greece is a typical Mediterranean country in the center of Europe, with a history dating back to the 5th Century B.C. The economy is service-based, with tourism and shipping being two of the key industries.

Following an economic recession, Greece has embarked on an extensive reform effort, which is set to improve investor confidence and attract new business. At this time of recovery, the Greek real estate market offers unique investment opportunities for individuals and businesses wishing to access property in Europe at highly competitive prices.

Greece has a modern, free-market, service-based economy, with an effective and transparent regulatory and legal framework, giving international investors and businesses confidence to invest, grow and prosper.

 

Advantages of Greek Residency

Living in Greece

The Permanent Residency Permit grants a Non-EU national the right to permanently reside in Greece with no renewal requirements. Once granted, the Permanent Residency Permit covers the whole family: the main applicant and spouse, their parents and children under 21 years of age.

You and your family will have free access to the Greek health system and also your children will be free to attend the Greek Educational institutions (schools, universities etc.).

You are not required to live in Greece prior or during the Golden Visa residency application, or even after residency has been granted.

Visa-Free Travel

Permanent residency lifts traveling restrictions and elaborate visa requirements across the EU, facilitating access to the Schengen zone. Visa-free travel covers a growing list of countries, including Germany, France, Italy, Luxembourg and the Netherlands. For other countries, a simplified visa is available to permanent residency holders. (Note: Greek citizenship allows visa-free travel across all 26 "Schengen Area" countries.)

Fast Track Application Processing

Fast track application procedure - all applications are reviewed by the Greek government within approximately two months from the date of filing. The application can be processed in the applicant’s absence and filed on their behalf.

Favorable Tax Structure

Becoming a citizen of Greece does not have any tax implications unless you reside in the country for over 183 days during the year.

 

Advantages of Greek Citizenship

No Donations

Unlike other citizenship by investment programs, Greece does not require any donations, i.e. non-refundable contributions to the government. Instead, the program is purely investment-based, which means you retain full ownership of the investment. 

No Requirement to Physically Reside in Greece

The applicant and his/her dependents are not required to reside in Greece after obtaining Greek (EU) Citizenship. EU citizens are free to live in any EU member country.   
 

Free Movement of Persons

Freely travel, reside, study and work within the 26 countries of the EU, as well as Switzerland, Norway, Iceland and Liechtenstein.

The whole family can obtain Greek Citizenship i.e. the main applicant, his/her spouse, children under 21 years. All can travel, reside, study and work freely within the EU.

Parents may be included in the application.

Free Movement of Services

Individual citizens and their companies can offer services within EU member states without obstacles.

Free Movement of Capital

Greek passport holders can transfer funds between EU member states, purchase property in any preferred EU country, and invest in any type of business venture.

Free Movement of Goods

All goods produced in EU member states can be freely transferred between countries of the European Union.

High Standard of Living

Greece presents a high standard of living due to its access to reputable private schools, trustworthy private medical facilities and having among the lowest crime rates within Europe.

Visa Free Travel

Greek passport holders do not require a visa to travel within the EU and also to travel to over 170 countries.


Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Greek Residency / Citizenship by Investment programs.
 


Greece Residency / Citizenship by Investment

Frequently Asked Questions (FAQ)


The following are questions frequently asked about the Greek Immigration by Investment programs. If you don't find your answers here, please contact us at your convenience. 
 

Q: What are some of the reasons the Greek citizenship by investment program is attracting so many international investors?

A: International business executives, investors, and important persons who are active worldwide consider an alternative citizenship and passport a powerful tool for international tax planning and a safety net should the living conditions at home become unbearable.

Applicants realize that the Greek citizenship provides several benefits, including:
   • Visa free travel to over 170 countries, including the USA, Canada, and Europe
   • Retirement in a safe country with a warm climate
   • A better education for the applicant’s children
   • Children and grand children gain visa free travel and the right to live, work, or study in many countries
   • A better quality of life for the family, including better healthcare and an unpolluted environment
   • Relatively low real estate prices
   • Personal security
   • Freedom associated with having multiple passports




Q: What is the minimum investment required to obtain the Greek residency?

A: The minimum investment amount is EUR 250,000 for real estate (property, timeshare, or plot of land) in Greece. The applicants’ presence at the time of purchase is not mandatory and can be facilitated by legal representatives. The residency is permanent with renewal every 5 years and as long as you keep the property under your ownership.

The temporary residency program for Financially Independent Persons (“FIP”) provides temporary residency in Greece for applicants who can demonstrate a stable and sufficient annual income without having to work as an employee in Greece.



Q: What is required to obtain the Greek citizenship (EU citizenship)?

A: Greek residents, having spent at least 180 days per year in Greece, may apply for citizenship (EU passport) after seven years in permanent residency status. 



Q: Will the Greek citizenship automatically grant me European citizenship?

A: Yes. Because Greece is a member of the European Union its citizens are automatically European citizens, which means you are allowed to live, work or study anywhere in Europe.



Q: Under the residency / citizenship program, can I include my family in my application?

A: Yes, but only the residency/citizenship by real estate investment option allows the main applicant to add parents.



Q: As a resident or citizen, am I required to live in Greece?

A: No. Greece does not require you to be present or reside in Greece, unless you are planning to apply for citizenship. If you want to apply for citizenship you must have lived in Greece for 7 years.



Q: Will my citizenship expire?

A: No. When you acquire citizenship under the Greek citizenship program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent.



Q: How long does it take to get the citizenship and passport? What is the process?

A: Typically, residency application processing takes two months. Citizenship may be applied for after 7 years of residency.

Step 1 - Review and Select Qualifying Investment. Please use our contact form to receive a complete checklist of application documents and cost estimate for you and your family. There is no fee for this initial consultation.

Step 2 - Prepare Residency Application. Collection of documents such as birth certificates,
marriage and divorce certificates, as well as police clearance that must be submitted with the application. This step takes approximately two (2) weeks.

Step 3 - Application Review. The Greek Authorities issue a receipt of application which may be used as a temporary permit before the final residence permit is granted. The document is valid for a year. The application is reviewed and due diligence checks are carried out. This step takes approximately two (2) months.

Step 4 - Golden Visa Issued. The permanent residency document (Golden Visa") is issued after successful review of the application materials submitted to the government.

Step 5 - Citizenship Application. Following seven (7) years of residency, the applicant may file for Greek citizenship.




Q: Does Greece allow me to keep my original citizenship?

A: Yes. There are no restrictions on dual citizenship in Greece. 



Q: How will new citizens be taxed?

A: Becoming a citizen of Greece does not have any tax implications unless you move to the country. Individuals are considered as a tax resident of Greece if they spend more than 183 days per year in Greece.



Q: Can you help me find a real estate agent in Greece?

A: Yes. We would be happy to help you find your ideal residential and/or commercial property. Our professional relationships in Greece guarantee to our clients a smooth, comprehensive service that includes identifying suitable properties, providing transport for property viewings, drafting/reviewing legal contracts, and/or liaising with local notaries and architects as needed.
 


Q: Can you help me with finding a job?

A: Sorry, the immigration by investment programs were developed by the government to attract high net worth individuals, business owners, VIPs and other individuals with the financial means to support themselves and the local economy. Please note: New citizens do not need any work permission; they may work in any of the EU member countries. New residents may apply for a work permit, but would need to find their own employment opportunities.



Q: Can you help me get a tourist or a student visa?

A: Sorry, we cannot assist with tourist or student visas. However, if your intent is to file an application for residency or citizenship we may assist with the initial travel visa to schedule an in-person appointment at our offices.



Q: What are the major differences among the various immigration by investment programs?

A:  The Bulgaria Citizenship by Investment Program provides the applicant with several investment options starting at EUR 185,000 for European citizenship and passport after five years in residency status. The "fast track option" starts at EUR 270,000 and shortens this period to only 18 months.

The Cyprus Citizenship by Investment Program provides the applicant with several investment options starting at EUR 2,0 million for immediate European citizenship and passport. The entire citizenship application process can be as fast as 90 days.

The Greece Golden Visa allows non-EU applicants to file for Greek residency by way of a EUR 250,000 investment in local real estate. The applicant may file for Greek citizenship after seven years of permanent residency.

The Malta Individual Investor Program provides the applicant with European citizenship in return for a non-refundable donation to the Maltese government in the amount of EUR 650,000 plus a EUR 150,000 investment in approved securities and an investment in real estate. The IIP application process can take between six months and two years to complete. For applicants who are only seeking Malta residency and Schengen travel benefits, options start at an annual recurring expense of EUR 24,000. 

The Monaco Residency / Citizenship Program allows applicants to file for Monaco residency by proving access to sufficient accommodations and financial self-sufficiency. The applicant may file for Monaco citizenship after ten years of permanent residency.

The Portugal Golden Residence Permit Program requires an investment of EUR 350,000 in real estate, or the transfer of 1 Million Euro, or the creation of 10 new jobs in Portugal. After six years of Portuguese residency, citizenship can be applied for.

The Spain Golden Visa requires a EUR 500,000 minimum investment in real estate, or a 1 Million Euro asset transfer, or a 2 Million Euro securities investment, or the creation of a new government-approved business project in return for Spanish residency. After 10 years of residency the applicant may file for citizenship.


Outside of the EU, citizenship by investment programs include those offered by Canada, the United States of America, and the Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia:

Canada offers several residency by investment options, leading to citizenship if desired, starting at CAD 200,000.

The United States EB-5 Program leads to permanent residency status and citizenship in the United States for a minimum investment of USD 500,000 in a commercial enterprise in the U.S. that generates at least 10 jobs for Americans. After five years as a permanent resident the investor may apply for U.S. citizenship.

The Caribbean nations of Antigua & Barbuda, St. Kitts & Nevis, Grenada, Dominica, and St. Lucia offer citizenship programs requiring a cash contribution of at least USD 100,000.



Q: What does "Schengen Area" mean?

A: The Greek citizenship allows you to travel without restrictions across the "Schengen Area" of the European Union. The Schengen Area is a group of 26 European countries that have abolished passport and immigration controls at their common borders. It functions as a single country for international travel purposes, with a common visa policy. Source: Wikipedia

 
Please contact us for a detailed cost estimate or confidential consultation.  Our associated attorneys are ready to assist you with attaining your investment objectives and answer any questions you might have about the Greek Residency / Citizenship by Investment programs.
 


GREECE Residency / Citizenship by Investment

Contact Us for a Free Consultation


Greece Passport
Contact us for a free, detailed cost estimate or confidential consultation by email (or phone / office visit, if preferred).

We will reply to your inquiry by email within one hour!

Alternatively, we would be happy to arrange an in-person meeting at the offices in Greece at a time and date convenient for you.

Our immigration associates in Greece are working exclusively on Citizenship & Residence matters and will stand by your side throughout the entire application process, from start to finish. The team will work with you until your residence or citizenship by investment application has been approved and you have received your residence certificate or Greece (EU) passport.

Do you have any questions? Use our contact form to receive a reply today.
 

Contact Form

Salutation
First name
Last name
E-mail address
 Phone (+ country code)
 Skype (optional)
Address
 
 
 
Please select which program you are interested in:
 
EU: Greece Permanent Residency by Real Estate Investment. Citizenship application after living in Greece for 7 years.
 
EU: Greece Temporary Residency for Financially Independent Persons (financial funds from outside of Greece).
 
Other: describe below
 
Briefly describe your situation and the number of family members to be included:

 
 

Zenturo Ltd.

Residency & Citizenship by Investment Programs Worldwide

 GREECE:

Athens, Thessaloniki

CYPRUS:
75, Prodromou Ave, Suite 105
2063 Nicosia, Cyprus

MALTA:
203 A, Old Bakery Street
Valletta VLT 1122, Malta

Tel: +1 888 508 9889

Company Registration No.: C-39472
VAT ID: MT-18142026

Zenturo Ltd