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Golden Visa

As of January 2026 of the Greek Golden Visa programme — the main residency-by-investment scheme in Greece for non-EU/EEA citizens. This reflects the latest legal framework, investment thresholds, and key conditions under current laws and recent updates.

What the Greek Golden Visa Is

The Golden Visa isn’t a traditional short-stay visa — it’s a 5-year renewable residence permit granted to third-country nationals who make a qualifying investment in Greece. It allows:

  • residency in Greece,
  • visa-free travel within the Schengen Area,
  • inclusion of immediate family (spouse and dependent children).

No minimum stay is required in Greece to retain the permit.

Real estate remains the core route, but investment thresholds now vary by location:

  • €800,000 – High-demand zones including:
  • Attica (Athens & surrounding),
  • Thessaloniki,
  • Mykonos, Santorini,
  • Islands with population > 3,100.
  • €400,000 – Other areas of Greece.
  • €250,000 – Special category:
  • Properties converted from commercial/industrial to residential,
  • Renovated listed/heritage buildings,
  • Land + construction projects (with permit) that reach the threshold value.

Transitional provisions allowed investors who placed a deposit before Aug 31, 2024 to use lower thresholds under certain conditions.

To qualify under the real estate route:

  • The investment amount must be fully paid and proven (bank transfers/evidence required).
  • Property ownership must be registered in the Greek Land Registry (Κτηματολόγιο).
  • Short-term rentals (e.g., Airbnb) are generally prohibited for qualifying properties on renewal — this is to demonstrate genuine residential use.
  • Investors may buy residential, mixed-use, or certain commercial properties if they meet threshold and legal criteria.

A: Startup / Business Investment Route

Greece has introduced a Startup Golden Visa for investors who put at least €250,000 into qualifying Greek startups listed on the national registry (Elevate Greece) — often with job creation requirements (e.g., 2 jobs created & maintained for 5 years).

This provides a residence permit (typically 5 years with renewal) based on business investment rather than real estate.

B: Corporate/Other Capital Investment

There are also non-real-estate investor routes (e.g., share capital investments in Greek companies) in certain circumstances, although documentation and requirements are more complex and vary.

Applicants must generally:

  • Be non-EU/EEA citizens (third countries).
  • Provide clean criminal records.
  • Have valid travel documents (passport, etc.).
  • Show proof of investment, funds origin, and required documents per the latest administrative procedures.

•             Residence permit is valid for 5 years and renewable indefinitely as long as the investment is maintained and conditions are met (e.g., ownership, compliance with usage rules).

The main applicant can include:

  • Spouse,
  • Dependent children (typically under 21),
  • In some cases parents of the main applicant or spouse, subject to specific criteria.

Golden Visa residency may eventually lead to Greek citizenship, but this is not automatic and has additional requirements:

  • Typically ≥ 7 years of actual tax residency in Greece,
  • Demonstrated Greek language, culture knowledge,
  • Clean legal background.
  • A new joint ministerial decision issued Nov 2025 clarified how to treat conversions, heritage buildings, land + construction, and documentation, stabilising previously stalled applications.
  • Greece is also planning legal updates in January 2026 aimed at improving procedures and investor friendliness.

Golden Visa Law

Article 16 is considered to be of particular importance in promoting the public interest, whereby introducing innovative arrangements. It refers to investments classified, either as “Strategic” (characterized as such by a decision of the Interministerial Committee for Strategic Investments) Investments or investments with “a positive impact on national economy and development”. The residence permit in respect of the latter is granted for five (5 years) with a possibility of renewal for an equal period each time, while in respect of the former, it is granted for ten (10) years with a possibility of renewal for an equal period provided that the relevant requirements continue to be met. Residence permits can be granted not only to the investor but also to up to 10 additional persons (dependently on the size of the investment) related to the implementation of the investment plan.
It is also noteworthy that Art 16 applies accordingly to the entry and residence of non-EU citizens in the context of new investments realized by Greek undertakings, already operating, or non-EU citizens already residing in Greece holding residence permits for independent economic activity (par.7 Article 16 A.1.)
In addition, Art. 20 of the Code tries to stimulate the domestic land market by regulating the granting of a residence permit to third-country nationals investing in real estate properties in Greece with a value of at least of € 250,000 through sales, lease or timesharing agreement. The amount of € 250,000 must have been paid in full upon the signing of the respective contract.
The investment must be made directly in the name of the investor, who is also the main applicant for the Golden Visa. When the investment is carried out through a legal entity, the applicant must hold 100% ownership of the company’s shares. Investments made via offshore or non-EU companies are not eligible for the Golden Visa through real estate.
Joint investments are permitted under specific conditions. For term deposits, joint investment is allowed for spouses. In the case of real estate, joint purchases may also be made between friends; however, each investor must independently meet the minimum investment threshold to qualify for a Greek Golden Visa. For example, two friends may jointly purchase a property worth €800,000, and both families may qualify, provided the property is located in an area where the €400,000 minimum applies.
Spouses who jointly purchase a property by investing the minimum required amount (e.g. €250,000, where applicable) are both eligible for residence permits. This spousal exception, however, does not apply to all types of financial investments, although it does apply to term deposits.
It is possible to switch between investment routes—from a Golden Visa obtained through term deposits or other financial investments to one through real estate, and vice versa—without losing residency rights, provided the transition is completed within the prescribed time frame.

Can My Children Attend a Greek Public School with a Residence Permit?

Yes. Residence permit holders are entitled to access public education in Greece, under the same conditions as other legal residents of the country.

For more information, please send us an email with your inquiry at info@77alawoffice.com or directly make an appointment online.