Greece Golden Visa
A permanent residence permit for investors through property investment in Greece
What Is the Greece Golden Visa?
Widely marketed as the "Greece Golden Visa", the programme is officially the permanent residence permit for investors (type B.5) under article 100 of Greece's Migration Code (Law 5038/2023), as amended by Law 5100/2024. It lets non-EU nationals obtain Greek residence by investing in real estate.
The minimum property value depends on where the property is located and which investment route is used. The current thresholds apply to property purchases made from 1 September 2024 onward, following the amendments introduced by Law 5100/2024.
Investment thresholds by area
Law 5100/2024 sets a higher threshold for high-demand areas and a lower one for the rest of the country. Two additional routes are available anywhere in Greece at a reduced threshold.
- Attica, the Thessaloniki regional unit, the Mykonos and Thira (Santorini) regional units, and islands with more than 3,100 residents (including Evia): EUR 800,000.
- All other areas of Greece: EUR 400,000.
- Every route requires the investment to be concentrated in a single property; where a minimum built size applies, the main areas must be at least 120 m².
- Properties acquired for the residence permit may not be let or sub-let short-term (under 60 days) in the sharing economy, whether or not the listing is on a platform.
These thresholds apply to purchases made from 1 September 2024 onward, under Ministry of Migration and Asylum Circular 9/2024.
Ways to Qualify
Prime areas — EUR 800,000
Attica, the Thessaloniki regional unit, the Mykonos and Thira regional units, and islands with more than 3,100 residents (including Evia), subject to the 120 m² minimum where it applies.
Standard areas — EUR 400,000
All other areas of Greece, subject to the 120 m² minimum where it applies.
Commercial-to-residential conversion — EUR 250,000
Buying non-residential property (for example, commercial premises or a former industrial building) with the main areas converted to residential use, by you or the seller, completed after 5 April 2024 and before the residence permit application, anywhere in Greece. Properties acquired through this route may not be used as a business's registered seat or branch.
Listed-building restoration — EUR 250,000
Buying a listed (preservable) building, or part of one, for restoration or reconstruction, anywhere in Greece. Full restoration must be completed before the first renewal of the permit.
Greek law also provides non-property investment options; Trem Global has not yet confirmed their current terms against an official source, so they are not listed here.
Who Can Apply?
To qualify for the permanent residence permit for investors (type B.5), you generally need to:
- Be a national of a country outside the EU/EEA (a "third-country national" in the wording of the Migration Code).
- Acquire full ownership and possession of a single qualifying property.
- Pay the purchase price in full before submitting the residence permit application.
- Meet the minimum value, area and single-property conditions set for your chosen route.
Application Process
- Choose an eligible route and identify a qualifying property.
- Sign the preliminary agreement and, where required, pay the deposit.
- Complete the purchase and pay the price in full.
- Submit the type B.5 permanent residence permit application with the required documents.
- Attend any required appointment and receive your residence permit.
Processing times are set by the competent Greek authorities and are not published as a fixed figure; contact us for a current estimate.
Why the Greece Golden Visa?
EU and Schengen Membership
Greece has been a member of the European Union since 1981 and is part of the Schengen area.
Real Estate Opportunities
A range of routes across prime and standard areas, plus conversion and restoration options, gives investors flexibility.
Mediterranean Living
A mild climate, a long coastline and islands, and a rich cultural heritage.
An Established Programme
Greece's investor residence permit has operated since 2013 and continues to be refined by the Ministry of Migration and Asylum.
Official source: Greek Ministry of Migration and Asylum — Circular 9/2024
This page follows Circular 9 (prot. 240076/Σ.9, 25/09/2024) of the Greek Ministry of Migration and Asylum, on the application of article 100 of Law 5038/2023 as amended by Law 5100/2024. Thresholds and requirements are set by the Greek authorities and can change.
Why Trem Global
Offering new beginnings to thousands of investors with its 30 years of experience in the real estate industry, Trem Global provides a unique experience with its professional investment advisors, investor support in multiple languages, legal advisors, and more than 4500 real estate options around the world. Contact now for a fast, safe, and comfortable start.Frequently Asked Questions
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