New residence-by-investment option in Greece
In July 2018, the Greek government offered foreign investors an additional option of obtaining the residence by investment. The Golden Visa will be available for those who place EUR 400,000 in a Greek bank for a period of 5 years. Up to now, the applicants’ only option was to purchase a property for a minimum of EUR 250,000.
This is one of the fastest and most economic European programs that provides the possibility to obtain the residence through purchase of property. Residence Permit holders and their eligible family members are able to travel visa-free within all Schengen countries. There is no minimum stay requirement to obtain or renew the Permit. Since the beginning of 2018, 2968 permits were issued though the investment program.