Issued for 5 years, renewable every five years indefinitely, as long as the real estate property remains entirely at the ownership of the main applicant
Spouse, dependant children up to the age of 21 of both applicant and spouse are eligible
No actual residency requirement and no minimum stay requirement
Investment is residential property with the possibility of renting out with good return
Leads to Greek citizenship/passport after 7 years of continuous residency in Greece
Requirements
Purchase residential property(ies) of no less than €250,000 in Greece (acquired property(ies) can be rented out
Health insurance to cover any medical expenses that may be incurred in Greece. If the applicant does not have one, then such can be done through an insurance company in Greece.
Valid entry visa for Greece (C type or D type)
Benefits
Fast track procedure – issued within 2 months
Member of the EU – Enjoy EU freedoms to live, work, study or travel anywhere in the EU
Free travel within Schengen area
Lowest investment for EU residency
Permit covers the whole family (including parents of both applicant and spouse)
No physical residency requirements
Property acquired can be rented
Procedure
Purchase property(ies) in Greece with a value of at least €250,000
Prepare the required residency documents and submit them
Receive all your residency permit certificates within 2 months
The residency permit can be renewed every five years indefinitely, as long as the real estate property remains entirely at the ownership of the main applicant. Periods of absence from the country do not constitute reason for refusal.
