Greece’s allure lies in its rich historical significance, breathtaking landscapes, and vibrant cultural tapestry. From the ancient ruins of Athens to the sun-kissed beaches of the Greek islands, the country offers a mesmerizing blend of history, natural beauty, and Mediterranean charm. Its economy has rebounded in recent years, showcasing steady growth, reduced unemployment rates, and improved fiscal health. This economic stability, coupled with its thriving tourism sector, makes Greece an enticing destination for investors seeking both financial opportunity and lifestyle enhancement.
Real estate for individuals and families:
Since the latest update starting September of 2024, real estate route is undergoing a division to following categories:
High-demand areas: Contribution of at least €800,000 in areas such as Attika (including Athens), Thessaloniki, Mykonos, Santorini, and islands with populations around 3,100 residents. This substantial increase reflects the growing demand and exclusivity of these regions.
Low demand areas: Contribution of at least €400,000 for properties in other parts of the country. This aims to promote investment across a broader range of locations, balancing growth between urban centers and more rural areas.
Commercial conversions: Contribution of at least €250,000 for industrial or commercial properties, provided they are converted into residential units. Notably, this category does not have a minimum size requirement, making it an attractive option for investors looking to capitalize on smaller properties or those in need of renovation.
Property Requirements: To qualify for the Golden Visa, properties must meet specific criteria, including a minimum size of 120 square meters and a long-term lease requirement (exception is the commercial conversion category). This ensures that the properties are substantial in both size and use, aligning with the government’s focus on sustainable development
Routes for individuals:
The Residency by investment program offers multiple investment options for obtaining Greek residency for individuals:
A. Contribution of at least €400,000 to a company headquartered or established in Greece.
B. A contribution of at least €400,000 to a real estate investment company (REIC) whose purpose is to invest exclusively in Greece, to acquire shares in order to increase its share capital.
C. A contribution of €400,000 or more to a venture capital company (VCC) for the acquisition of shares or a capital contribution to a venture capital fund (VCF).
D. Purchase of Greek treasury bonds with a purchase price of at least €400,000 and a remaining duration at the time of purchase of at least three years through a credit institution established in Greece, which is also, their custodian.
E. Term deposit of at least €400.000 in a local credit institution for a period of at least one year with a standing order for renewal.
F. Purchase of shares, corporate bonds or Greek treasury bonds listed for trading or traded on regulated markets or multilateral trading venues operating in Greece for an amount of at least €800,000.
G. Purchase of shares with an acquisition price of at least €400.000 in a mutual fund that was established in Greece or another country and whose purpose is to invest exclusively in shares, corporate bonds or the Greek treasury.
H. Purchase of shares worth at least €400,000 in an Alternative Investment Fund (AIF) which has been established in Greece or another EU Member State and whose purpose is to invest exclusively in real estate in Greece.
Non-Dom Alternative Tax Regime Annual Flat Tax Rate:
Participants in the Non-Dom Alternative Tax Regime are subject to an annual flat tax rate of 7% for a period of 15 years, regardless of the size of their total global income. Investment Requirement: To qualify for the Non-Dom Alternative Tax Regime, participants must make an investment of at least €500,000 in real estate, securities, or shares of Greek entities.
Research various citizenship by investment programs accessible to you. This step involves comparing programs to determine which one aligns best with your personal aspirations, interests, and financial capacity. A helpful tip would be discussing your goals with various immigration consultants.
