Beside a home to one of the oldest civilization in the world, it’s not a wonder that Greece is now one of the top destinations for the rich and famous either as holiday destination or to obtain second residency. Thanks to its pleasant Mediterranean climate with 270 days of sunny days in a year, world-class resorts (who hasn’t heard of Santorini and Mykonos?), fresh food and very affordable living cost.
Greece offers one of the most affordable and preferred residence by investment program by many who seeks European residency to gain accessibility to other European countries. One of the most popular program being purchase of real estate and renting it out as passive income, investor doesn’t have to be physically in the country to maintain the residency status as long as the investment is maintained.
RESIDENCE PERMIT
AT A GLANCE
Investment from
EUR 250,000
Processing time
3 months
Physical Presence
Not Required
Time to Citizenship
7 years
Residence Tax
0% if you do not legally reside in Greece. Tax on Greece rental income would be 11-33%
Visa Free Destination for Citizen
186 countries
Benefits
- Visa free travel within Schengen countries without additional visa and spend up to 90 days per visit. Schengen countries include: Germany, Netherlands, Sweden, Greece, Portugal, Belgium, Poland, Malta, Austria, Denmark, Switzerland, Hungary, Spain, Lithuania, Slovakia, Finland, Norway, France, Latvia, Luxembourg, Estonia, Iceland, Slovenia.
- Obtain European residency and generating passive income at the same time
- Residency for family members in one application, if you fulfill the investment requirements, including spouse, children under 21 year old, parents and parents-in-law. There is additional cost for each family member.
- Five years residency status granted upon successful application and renewable as long as the investment is maintained.
- Pathway to citizenship. If you legally reside in Greece as tax resident for 7 years, you will be able to obtain Greek citizenship which means the benefit of travel visa free to 186 countries; work and live anywhere in the EU member states.
