A permanent residence permit as an investor (GOLDEN VISA) can be obtained by a third country citizen who has full ownership and possession of a property in Greece.
With the amendment of the legislation for the Regional Units of North, Central and South Athens and the Municipality of Vari – Voulas – Vouliagmeni of the Region of Attica, the Municipality of Thessaloniki of the Region of Central Macedonia and the Regional Units of Mykonos and Santorini of the Region of South Aegean, the minimum value of a property at the time of its acquisition is set at 500.000 euros and must be paid in full before the submission of the request for the granting of the permanent residence permit of an investor.
The investment in these areas is made only in one property. For the other regions of the country the minimum value of the property at the time of its acquisition is set at 250.000 euros and the investment may be made in one or more properties.
In order for the above to apply and in accordance with the requirements of article 92 of Law No. 5007/2022 (A’ 241), investors may finalize their investment until 31 December 2024 subject to the condition of an advance payment of ten percent (10%) of the purchase price or the total contractual rent of the contracts or payment of the agreed price until 31 August 2024. If the purchase of the eligible property has not been completed, the investor may complete its investment in another property or in other properties under the conditions that were in force before the entry into force of this (amendment), the requirements of article 92 of Law 5007/2022 and no later than 30 April 2025.
Regarding the new investment conditions: for the Region of Attica, the Regional Unit of Thessaloniki of the Region of Central Macedonia, the Regional Units of Mykonos and Thira of the Region of South Aegean and for the islands with a population, according to the last census, of more than three thousand. hundred (3,100) inhabitants, the minimum value of the property at the time of its acquisition, as well as the total contractual rent of the contracts of point d) of paragraph 1 of this Article is set at eight hundred thousand (800,000) euros.
In the case of investment through the purchase of a property in the areas referred to in the above subparagraph, the investment shall be made in a single property.
The amount of the investment is paid in full in the following ways: (a) by a two-line bank cheque drawn on a payment account of the beneficiary held with a credit institution operating in Greece, (b) by credit transfer, (c) through a POS installed by a payment service provider operating in Greece, by debiting a bank credit or debit card of the purchaser to a payment account of the beneficiary held with a payment service provider operating in Greece.
The payment may also be made by the spouse or relatives up to the second degree of the buyer. The investor may rent his properties. The investor may also be accompanied by members of his/her family who, upon their request, are granted an individual residence permit which expires at the same time as the residence permit of the investor. As an investor, the investor is not entitled to access to any form of employment in Greece.