Greece is the birthplace of democracy and western philosophy. Its people, who hold great pride in their traditions and heritage, welcome you to its shores with the warmest hospitality. As a full member of the EU and Schengen states, Greece not only attracts international tourism but also provides a gateway to visa-free travel within the Schengen zone.
The Golden Visa Programme was launched in 2013 to attract foreign residency in Europe via a real estate purchase. It is also the only European programme offering immediate permanent residency. The Immigration and Social Integration code, 2014, introduced provisions to facilitate the stay of non-EU nationals, who are granted a five-year residency visa, in return for a real estate investment of EUR 250,000. This visa can be acquired in under 90 days and is renewable every five years if the property investment is retained.
The applicants may choose one of the following investment criteria:
Properties can be purchased jointly with other buyers or can be a combination of properties making up the total investment of EUR 250,000.
Applicants are invited to visit Greece to view properties and open their bank accounts prior to applying for the visa programme. The investor can exit at any time, by selling the property and return the residency card. It is possible to rent the property and earn rental income.
Greece has no restrictions on dual citizenship.
A resident is not taxed on their worldwide income, only on the income produced in Greece. Rental income from property is taxed at a rate of 15% up to an income of EUR 12,000 and 33% for the amounts over EUR 12,000.