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Greek Residency
“Golden Visa”

  • A chance to get permanent residency after 5 years
  • lowest rejection rate
  • quick application process (1‑3 months)
Migration Group specialist will help you receive a European Union residency.

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The Greek Golden Visa is a program under whose conditions can be met by any foreigner that purchased a residential or a commercial real estate property for the price of €250,000. Upon acquiring the property, its owner can very easily apply for a Greek residency. The applicant’s entire family can also join the application.

Upon receiving a residency through the Golden Visa program, you no longer need to apply for a type D visa.

It is important to note that every year it gets more difficult to purchase real estate in Greece for €250,000 and nowadays real estate prices begin at €300,000.

There is an important condition that the applicant must own a real estate property before they need to get a Greek residency. If the applicant intends to extend their residency through the Golden Visa program, they will have to show proof of real estate ownership.

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General Program Conditions

Greek residency is given with a 5 year limit.

The limit can be considered upon applying for a Greek citizenship, where the main condition is to live in Greece for at least 183 days a year.

A 1-3 month application period.

The applicant may include their family members when they receive a Greek residency:

  • Spouse
  • Children
  • Parents of one of the spouses

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Why should you turn to Migration Group for your Greek residency application?

We do very thorough research in order to avoid a rejection.

We support you through every step of the program.

We have great relationships with Greek realtors, meaning that we can find an optimal real estate property in Greece quickly and efficiently.

We have not received a single rejection for a Greek Golden Visa application.

16
successful clearance

3
years of successful work

3
offices in Greece

1-3
months, duration of the application

Greek Residency: FAQ

What is special about Greek law?

Greece has a progressive tax. If an individual’s income is lower than €25,000 a year, he/she is subject to a 22% income tax; from €25,000 to €42,000 a year – 32%, above €42,000 a year – 42%.
Greek residents are subject to tax if they meet one of the following 3 conditions:
1. Living in Greece for more than 183 days a year.
2. A tight economic and personal tie to Greece.
3. Greeks who are diplomats or consuls who work outside of Greece.

Changes in taxation

Starting June 1st 2014, a new tax payment scheme has been imposed on real estate. The basis of the new taxation law consists of two parts – the general base and additions to that base. The main part of the tax depends on a list of natural characteristics of a given real estate property. The list includes area, location, and the purpose of the property. Additions to this a fixed sum from 0.1% to 1% of the property’s original price. It is worth noting that this tax applies only to properties worth more than €300,000. Greece also has a regional real estate tax that is set and regulated by local authorities. The tax varies between 0.025% and 0.035% of the property’s price.

What is a Golden Visa?

Golden Visas are made for people who do not intend to move to a country for permanent residency, but they wish to freely move in and out of it at any moment in time. These visas are granted by several countries based on either real estate purchase or other investments. The holder of a Golden Visa can become a resident in any other country.

What are common reasons for rejection?

Submitting false information, having a criminal record or being a potential threat to Greece’s population’s security.

How long will it take until I can receive my Greek residency?

The entire application process takes about 3 months, depending on the method you choose for obtaining residency.

What advice can you give for real estate purchase?

Migration Group suggests purchasing a residential or a commercial property, or tourist apartments that can be rented out. Wealthy residency applicants may purchase an entire resort. This investment allows for business investors to gain additional benefits from their Greek residency.

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