€800,000: Applies to Attica (Athens), Thessaloniki, Mykonos, Santorini, and islands with over 3,100 inhabitants. The property must be a single unit with a minimum of 120 square meters.
€400,000: Applies to all other regions of Greece (mainland, smaller islands). The property must be a single unit with a minimum of 120 square meters.
€250,000 (Special Exception): Applies nationwide to listed buildings being restored or commercial/industrial properties being converted into residential use, regardless of size.
Can I still rent out my property?
Yes, but with strict restrictions.
Long-term rentals: Allowed.
Short-term rentals (Airbnb/Booking): Prohibited. If a property bought under the Golden Visa program is rented out short-term, the residence permit will be revoked, and a fine of up to €50,000 will be imposed.
Which family members can be included?
The program allows for a broad definition of family under one investment:
Spouse or same-sex partner (with a notarized cohabitation agreement in Greece).
Unmarried children under 21. They can renew until age 24.
Parents of the main investor and parents of the spouse (parents-in-law)
Do I have to live in Greece to keep the visa?
No. There is no minimum stay requirement to maintain or renew the Golden Visa.
Can I use a Power of Attorney (POA) to buy property remotely?
Yes. Investors can sign a POA at a Greek Consulate in their country of residence, or a foreign public notary with an Apostille stamp, allowing lawyers to handle the purchase and application process remotely.
Can I buy multiple properties to meet the threshold?
No. The new rules (post-Aug 2024) require the investment to be made in a single property.
Does the Golden Visa grant the right to work in Greece?
The holder of a Golden Visa is not allowed to work as an employee in Greece. However, they can own shares of a company, be a Board Member, or receive income from renting out their property.
When can I apply for citizenship?
Holders can apply for Greek citizenship after 7 years of living in Greece (requiring more than 183 days of physical presence per year) and meeting integration requirements, such as language proficiency.
What are the alternative investment options?
Fund Investment: €350,000 in a Greek Mutual Fund.
Bank Deposit: €500,000 fixed-term deposit in a Greek bank.
Corporate Bonds/Shares: €500,000-€800,000 in Greek bonds or shares.
How long does the process take?
The application process generally takes between 4 to 6 months. *Conditions apply
Under which greek low is Golden Visa gained
Under the current legal framework as of 2024–2026, the program is governed by Article 100 of Law 5038/2023, which has been further amended by Law 5100/2024 to introduce stricter investment thresholds and new requirements.