Investment Requirements
According to the Greek Golden Visa Law, there are clear criteria for the investment, such as payment terms, asset type, value, duration, and other characteristics. All investments should be in Greece.
Investment Process
Purchasing a property for 250k or shares for 400k is insufficient. The Golden Visa Law demands a rigorous, step-by-step process for the investment. Real estate transactions must follow a rigid payment schedule, and many financial products require government pre-approval for Golden Visa eligibility.
Additionally, other legal obligations must be fulfilled, including compliance with Greek tax law and European anti-money laundering regulations.
Key Aspects of Real Estate Investments
Property Value
To qualify, a minimum real estate investment of €800,000 is required in Attica, Thessaloniki, Mykonos, Santorini, and islands with over 3,100 residents, while in other areas, the threshold is €400,000 for a single property of at least 120 sqm. For listed historic buildings requiring restoration, the minimum remains €250,000, irrespective of location or size. Likewise, a €250,000 minimum applies to properties repurposed from commercial to residential use.
Property Specs
There are no limitations on the type or age of the property you can invest in. However, for properties meeting the €400,000 or €800,000 minimum investment, the purchase must involve a single property of at least 120 sqm. Investors can choose from residential, commercial, or land investments, including second-hand or older properties. There is also no requirement to invest in new developments, and leased properties can be purchased or rented out to generate passive income.