Greece Golden Visa: Your Step-by-Step Guide to European Residency
Greece, the cradle of Western civilization, offers more than just stunning landscapes and rich history; it presents a golden opportunity for global investors seeking European residency. The Greece Golden Visa program is one of the most popular and affordable residency-by-investment schemes in Europe, providing non-EU citizens with a fast track to Greek residency and Schengen travel.
But what exactly are the procedures and steps involved in acquiring this coveted visa? Let's break down the journey, ensuring you're well-equipped with the knowledge to make your dream of European residency a reality.
What is the Greece Golden Visa?
Launched in 2013, the Greece Golden Visa grants a five-year residency permit to non-EU citizens who make a qualifying investment in Greece. This permit can be renewed indefinitely, provided the investment is maintained. It extends to the investor's family, including spouse, children up to 21 (or 24 under certain conditions), and dependent parents of both the investor and spouse.
Key Benefits at a Glance:
Visa-free travel within the Schengen Area.
No minimum stay requirements.
Eligibility for Greek citizenship after 7 years of residency.
Access to Greek education and healthcare systems.
Opportunity to reside in Greece or continue living in your home country.
Potential for significant returns on real estate investment.
The Step-by-Step Application Process
Navigating the application can seem daunting, but with the right guidance, it's a streamlined process. Here are the typical steps:
Step 1: Initial Consultation & Due Diligence (1-2 Weeks)
Your journey begins with an initial consultation with a trusted Golden Visa advisor, like Santheos. We'll assess your eligibility, discuss investment options, and clarify any questions you may have. During this phase, necessary due diligence checks are performed on both the investor and the proposed investment.
Step 2: Securing Legal Representation & Tax Number (AFM) (1 Week)
It's crucial to appoint a local Greek lawyer who specializes in Golden Visa applications. Your lawyer will act on your behalf, guiding you through the legalities and ensuring compliance. One of their first tasks will be to obtain a Greek Tax Identification Number (AFM) for you, which is essential for all financial transactions in Greece. A power of attorney will also be granted to your lawyer.
Step 3: Opening a Greek Bank Account (1-2 Weeks)
With your AFM and legal representation, you can now open a personal bank account in Greece. This account will be used for transferring investment funds and managing any related expenses. This can often be done remotely via your lawyer.
Step 4: Property Selection & Purchase (1-3 Months, Varies)
This is often the most exciting part! Based on your preferences and budget, you'll identify suitable real estate properties. This might involve virtual tours or a visit to Greece. Once you've chosen, your lawyer will conduct thorough due diligence on the property to ensure it's free of encumbrances and legally sound.
Following due diligence, a preliminary purchase agreement is signed, and the investment funds are transferred to Greece. The final purchase agreement is then signed before a Public Notary, and the property is registered in the Hellenic Cadastre. This officially completes your qualifying investment.
Step 5: Submitting the Golden Visa Application (1-2 Weeks Post-Investment)
Once the investment is complete and all necessary documents (passport copies, marriage certificates, birth certificates for dependents, health insurance, etc.) are gathered and apostilled/legalized, your lawyer will submit your Golden Visa application to the Ministry of Migration and Asylum.
At this point, you will typically receive an Application Submission Certificate. This certificate acts as a temporary residency permit, allowing you to legally reside in Greece and travel within the Schengen Area for one year, even before your official Golden Visa card is issued.
Step 6: Biometrics Appointment (Scheduled by Authorities)
After your application is submitted, you will be scheduled for a biometrics appointment in Greece. This involves taking your fingerprints and photographs. You must be physically present in Greece for this appointment.
Step 7: Issuance of the Golden Visa Card (2-6 Months Post-Biometrics)
Once your biometrics are taken and your application is processed, the Greek authorities will issue your five-year Greece Golden Visa residency permit card. Your lawyer will collect this card on your behalf or notify you for collection.
Step 8: Renewal (Every Five Years)
The Greece Golden Visa is valid for five years and can be renewed indefinitely, provided you maintain your investment. The renewal process is generally simpler, requiring updated documentation and proof of the continued investment.
