Greek Citizenship by Investment

Greek Citizenship by Investment is a not so widely known way to apply for Greek citizenship: 250.000 euros make the difference!
Article Published: 10 Mar, 2021, Updated: 17 Jan, 2023 under Golden Visa (Non-EU)

Greek citizenship acquisition, as in most countries, is a strictly rule-based procedure, where there are very specific qualifications and specifications that must be met by the applicant, for the application to be approved.

With an easy research online, one will find all that there is to know regarding children that have at least one Greek parent, children born in Greece, citizens of other countries that have a legal right of residence, political refugees etc., and many other narrow-listed categories that are entitled to apply for Greek citizenship. However, not so widely known is the right to Greek citizenship by investment.

According to the oft-revised Greek legal system, there is an option for citizens of other countries to legally apply for Greek citizenship, and gather all necessary documentation, by making an investment in Greece.

Said investment, must be of at least 250.000 euros, which ensures at first a five year residence permit, which can then be renewed through a simple application. Once the investor (or strategic investor) fulfills seven years of legal residence in Greece (of which he/she must prove a continued presence in the country for at least nine months per year), he/she are then considered fully qualified to undertake the national examination (held each year) regarding political, cultural, linguistic etc. fields, in order to prove the commitment and integration of the applicant to Greek life.

According to the most recent Law 4735/ΦΕΚ Α 197/12.10.2020, the applicant must prove sufficient knowledge of the Greek language, history, geography, culture and habits of the people, as well as the workings of the Greek political system and the religious principles. It is imperative that the applicant, during his/her long-term stay in Greece, has achieved a smooth integration in the economy of the country and the Greek society, by making Greece the centre of his/her (economical and other) activities.

An experienced lawyer can make this procedure much less onerous and fully inform, advise and guide you on how to navigate the rather tortuous Greek immigration process.

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Service Details

Golden Visa (Non-EU)

Available in the following locations: Corfu, Thessaloniki, Thira

* If your local town is not listed, a lawyer from our nearest office will be happy to assist you.

Who Is This Service For?

The Golden Visa programme in Greece offers individuals and their families the possibility to live and work in Greece. The Visa is issued initially for a 5 year period, renewable every 5 years.

Once the holder of a Greek Golden Visa has lived in Greece for 7 years, an application for citizenship may be made.

Requirements

  • Main applicant must be over 18 years of age
  • Valid passport
  • Valid Birth Certificate
  • Suitable private health insurance
  • No criminal record in Greece or in your country of Origin
  • Evidence of having made one of the approved investments - Greece offers the Golden Visa upon a minimum investment by the applicant of €250,000 in real estate. The real estate may be an existing property, land or indeed a timeshare investment

Benefits

  • Expedited Process (much simpler than other visa application processes)
  • Goldent Visa holder may leave and return to Greece as often as they wish without restriction
  • You may also travel freely to any of the 27 countries that comprise the European Union
  • This visa confers a right to both live and work in Greece
  • Longer residency approved initially with less renewal requirements
  • Ability to bring your family

Potential Issues

As of early 2021, Greek officials are considering applying restrictions to the ambit of the Golden Visa such that there may be introduced restrictions on where property may be purchased in order to qualify for the visa.

Likely to be excluded would be the most popular locations in Greece such as Athens and other major cities as well as the most popular and picturesque islands.

What Does This Service Consist Of?

  • An initial discussion with lawyers highly experienced in making successful applications for a Golden Visa
  • An application for visa by property purchase is prepared, and all other documents required for a successful application are assembled under the guidance of your lawyer
  • Your lawyer makes the application to the appropriate governmental bodies, on your behalf, in the correct time-frame
  • You will be informed of the success of the application
  • Once approved, your lawyer will assist you to collect your foreigner identity card(s)

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