The Greek Residency by Investment Program is regulated under Article 100 of Law 5028/2023, as amended in March 2024. The law clearly outlines the minimum property investment requirements based on location and type:
Category 1:
Properties in Attica (Athens, Piraeus), Thessaloniki, Central Macedonia, Mykonos, Santorini (Thira), and islands with populations over 3,100 residents → €800,000 minimum
Category 2:
Properties in all other regions not listed in Category 1 → €400,000 minimum
Category 3:
Industrial or listed buildings that have been vacant for at least five years and are converted into residential use or restored/reconstructed → €250,000 minimum
GOLDEN VISA
Since 2013, non-EU nationals and their families have been offered the opportunity to invest in real estate and earn a 7-year renewable residency through the Greek Golden Visa Program. Furthermore, this program gives applicants the chance to experience Greek life, look into European travel options, as well as consider obtaining permanent citizenship. It offers investment potential, mobility, and lifestyle all in a single unique package.
Processing Time
A Greece residence permit typically takes three to six months to process, depending on the supporting documentation along with property verification.
Greek residents are granted visa-free entry into 29 European countries, including all Schengen Area countries, and are permitted to reside for up to 90 days in each Schengen country during a six-month period.
The primary route is real estate investing, which offers an opportunity of both rental income and property appreciation.
To be eligible for the program, applicants must invest a minimum of €250,000 in eligible real estate; higher amounts are occasionally required for premium properties or particular regions.
The program actually covers spouses and children below 21 years of age. Parents and parents-in-law may also be eligible under certain conditions.
Nxtcitizens genuinely has a wealth of experience helping customers from more than 85 nations acquire citizenship or second residency through investment. We meticulously manage every stage, from choosing a property to submitting an application, and we prioritize enduring client relationships to provide direction and support all along the way.
No requirement to reside in Greece.
No interviews or language tests needed.
No educational or managerial experience required.
The residency permit is valid for five years and can be renewed indefinitely.
Visa-free travel to 29 European countries, including the Schengen Area.
Stay in any other Schengen country for up to three months every six months with multiple entries.
Seven years of residency can qualify applicants for citizenship.
Potential rental income from property investments.
Non-residents are taxed only on rental income in Greece.
Citizenship is possible after seven years, requiring a Greek language and culture test, and proof of strong ties to the country.
1
We at Nxtcitizens, properly understand your citizenship goals and evaluate eligibility just to plan your route toward Greek nationality.
2
We prepare a customized roadmap for your citizenship based on your investment preference, timelines, and citizenship expectations.
3
We here at Nxtcitizens guide you through the Greece visitors visa procedure needed for travelling and initiating property investment.
4
You travel to Greece, explore properties, and choose an eligible investment that truly supports your citizenship pathway.
5
All legal checks, contracts, and payments are coordinated in order to complete your investment securely and efficiently.
6
Your application for citizenship is prepared, organized, and finally submitted in order to ensure smooth processing.
7
Now, you get your Greek citizenship status, and mark the first major step toward eventual citizenships.
8
We guide you through Greece’s citizenship requirements until you become eligible to apply for full citizenship.
9
Our professionals are always here to be with you throughout renewals, documentation, as well as final citizenship formalities for complete peace of mind.
Greek residency permits allow visa-free travel to 29 European countries, including the Schengen Area, for flexible mobility and travel opportunities.
29
COUNTRIES
Investment Security
Investors must put their invested funds into residential real estate that has been approved by the government. To ensure adherence to program requirements, Nxtcitizens offers access to thoroughly chosen and screened real estate projects. Prior to submitting the residency application, the purchase of a property must be finished.
Applicants can either purchase real estate or even opt for capital transfer investments, along with mandatory government fees.
Option 1
Real Estate Investment
Effective September 1, 2024, the Greek Government specifies the following categories under Article 100 of Law 5038/2023:
CATEGORY 1
Athens, Piraeus, Thessaloniki, Central Macedonia, Mykonos, Thira (Santorini), and islands with populations over 3,100, €800,000
EUR 800,000
CATEGORY 2
All other regions of Greece, €400,000
EUR 400,000
CATEGORY 3
Industrial or listed buildings converted to residential use, €250,000
EUR 250,000
Option 2
Capital Transfer Investments
Government fees apply in addition to the property investment.
OTHER COSTS
Along with the required investment, there are additional costs associated with the Greece Residency by Investment Program. These include Citizenship Invest’s professional fees, document certification fees (where applicable), courier charges, and other minor disbursements. For more details, please get in touch with us.
Main Applicant
EUR 2,016
All applicants 16 years and above
EUR 166
All applicants below 16 years
EUR 16
1-2
Week
1–2 Weeks: Retainer Agreement & Property Selection
Sign CI Retainer Agreement, pay the initial fees, and select a property (remotely or onsite). CI prepares all property purchase documents required for residency application.
4-8
Week
4–8 Weeks: Property Purchase & Residency Submission
Transfer funds for property purchase and taxes. Submit residency documents to the government. Pay government fees, application processing fees, application processing fees, and CI professional fees for file submission.
3-6
Months
3–6 Months: Residency Permit Approval & Issuance
Residence approval is issued. Travel to Greece for biometrics. Pay the final CI professional fees. Residency cards are couriered to the client’s address.
Not directly. Greece doesn’t allow direct citizenship through investment. The Golden Visa is the only available route that gives you residency first. After maintaining that residency for several years and meeting the naturalization rules, you can apply for citizenship.
Investors are able to apply after living in Greece for 7 years. You just need to keep your residency active at this time and show genuine links to Greece, which generally include time spent in the country, paying taxes, and having a basic understanding of the Greek language along with culture.
Property investment doesn’t actually give you citizenship automatically, however it does qualify you for the Golden Visa. This residency permit is the initial step in the process. When you hold it long enough and meet Greece’s naturalization criteria, then you can move ahead with a citizenship application.
You’ll need documents that confirm your identity, residency history, along with overall eligibility. This generally includes your password, Golden Visa documents, tax returns, proof of stay in Greece, along a clean criminal record, and certificates that are related to language or integration. Based on your specific situation, the authorities may request additional papers.
Yes, your spouse and dependent children can also get residency under your Golden Visa. Once they maintain their residency for the needed number of years, they’re able to apply for citizenship too. Children who study or grow up in Greece may qualify even earlier under special rules.