Population
GDP (per capital)
Visa-Free Countries
GDP (purchasing power parity)
Nestled at the crossroads of Europe, Asia, and Africa, Greece offers more than just sun-soaked islands and classical heritage. Its strategic position within the European Union, investor-friendly tax framework, and high quality of life have increasingly drawn attention from international investors seeking both lifestyle and opportunity.
Investment migration refers to the process of acquiring residency rights through financial contributions to a host country’s economy. In Greece, this framework is primarily structured around encouraging foreign capital while offering investors and their families the ability to live within the European Union.
The cornerstone of Greece’s investor immigration system is the Golden Visa Program, originally launched in 2013 and significantly revised between 2023 and 2025. Designed to attract high-net-worth individuals, the program grants residency to non-EU nationals who meet specific investment thresholds—most commonly through real estate—while offering streamlined residency benefits and visa-free access across the Schengen Zone.
Investing in property is the cornerstone of the Golden Visa scheme. As of 2025, the minimum investment thresholds are:
These investments grant a five-year renewable residency permit, with no obligation to reside in Greece.
An alternative to purchasing property is entering into a lease agreement:
€400,000: For a 10-year lease of hotel accommodations or furnished tourist residences.
This option provides similar residency benefits without the need for property ownership.
For those preferring financial instruments:
Investors may choose to contribute capital to Greek enterprises:
€500,000: Minimum investment in Greek companies (excluding portfolio and real estate firms), real estate investment companies, or mutual funds focused solely on Greek businesses.
This route supports the local economy and offers diversification beyond real estate.
Navigating the Greek Golden Visa program requires a methodical approach to ensure compliance with all legal and administrative requirements. Below is a comprehensive guide outlining each stage of the application process, reflecting the latest updates as of 2025.
1. Select an Investment Pathway and Conduct Thorough Research
Begin by identifying the most suitable investment route that aligns with your financial goals—be it real estate acquisition, strategic capital contribution, or alternative qualifying assets. It is crucial to carry out comprehensive due diligence on the market and legal implications to make an informed decision.
2. Engage a Local Legal Advisor or Immigration Consultant (Highly Advised)
While not mandatory, enlisting the services of an experienced local attorney or a certified immigration advisor is strongly recommended. These professionals offer invaluable guidance, facilitate documentation, and ensure adherence to national regulations, significantly reducing the risk of procedural delays or errors.
3. Establish a Greek Bank Account and Obtain a Tax Identification Number (AFM)
Applicants are required to open a local bank account in Greece to process transactions related to the investment. Simultaneously, securing a Greek tax identification number (commonly referred to as AFM) is essential for both fiscal and legal purposes.
4. Execute the Investment Transaction
Upon meeting the preparatory requirements, proceed with the investment—whether it’s purchasing eligible property, making a capital transfer, or another approved contribution. Ensure all contractual agreements are finalized in accordance with Greek legislation.
5. Submit Biometric Data and Complete the Application File
Once the investment is completed, gather and submit all necessary documentation, including identification, proof of investment, and health insurance coverage. You will also be required to present biometric data as part of the residency application process.
6. Obtain the Initial Residency Permit (Valid for Five Years)
Following the successful submission and verification of documents, the initial residence permit is issued. This permit is typically valid for five years and is renewable, provided the investment remains in place and all residency conditions are continuously met.
While the Golden Visa offers a streamlined avenue to European residency, prospective applicants should consider several practical and regulatory factors before committing:
The Greek Golden Visa program has undergone several noteworthy revisions in 2025, aimed at balancing investor interest with the country’s evolving socio-economic priorities. These modifications reflect both a tightening of regulatory oversight and an effort to modernize administrative processes.
To address housing affordability concerns in key urban centers and popular tourist destinations, the government has raised the minimum investment threshold in designated areas. Cities like Athens, Thessaloniki, and parts of the Aegean islands now require higher capital commitments, ensuring more sustainable real estate development and protecting local communities from over-commercialization.
Authorities have introduced more rigorous due diligence procedures for applicants opting for fund-based or financial instruments. This includes closer examination of the source of funds, as well as stricter compliance standards for investment vehicles, ensuring transparency and alignment with EU anti-money laundering directives.
In a bid to improve efficiency and reduce processing times, the Ministry of Migration and Asylum has launched a fully integrated online portal. Through this platform, applicants can submit documentation, track the progress of their application, and communicate directly with immigration officials—streamlining the overall experience and minimizing bureaucratic delays.
These changes underscore Greece’s commitment to maintaining the integrity of its residency-by-investment program while adapting to current market conditions and technological advancements.
In conclusion, the Greek Golden Visa program continues to offer significant opportunities for investors seeking residency within the European Union, with the added benefit of visa-free travel across the Schengen Area. While recent updates in 2025 have introduced higher investment thresholds and stricter oversight, these changes reflect the country’s efforts to maintain a balanced and sustainable program. By staying informed and prepared, applicants can navigate these adjustments and make the most of the benefits that the Golden Visa provides.
No, the Golden Visa does not grant an automatic right to work in Greece. To work, you would need to apply for a separate work permit or change your status to a different residency category.
The Golden Visa is initially valid for five years. It can be renewed as long as the qualifying investment is maintained.
Yes, in high-demand areas like Athens and Thessaloniki, the minimum investment threshold has been increased to address housing pressures and ensure sustainable development.
The application process has been streamlined through a digital platform provided by the Ministry of Migration and Asylum, allowing you to submit documents and track the status of your application online.
Compare the different programs in a nutshell and discover their features
Check the cost estimates for each offered program
Explore the power of global mobility for every passport in the world
Would you like to receive our monthly CitizenMatch Newsletter?
Citizen Match is a smart civic engagement platform designed to bridge the gap between citizens and institutions — fostering transparency, accountability, and meaningful public participation in shaping better communities.
Address:
155 N Wacker Dr Suite 4250, Chicago, IL, 60606
Phone Nymber:
Mailing Address:
info@CitizenMatch.com
