In this case the minimum cost of the property has been set to 250.000 Euros (the minimum investment budget in Europe). The residence permit offers unlimited stay in Greece for five (5) years and it is unlimited renewable repeatedly, for as long as, the property remains in the possession of the owner. This permit also offers unlimited travel to all European countries without further conditions.
On the other hand, in the case of investments classified, either as Strategic Investments (under a decision of the Interministerial Committee for Strategic Investments) or simple investments with a minimum value of 250,000€, residence permits can be issued to the investor and to up to 10 additional persons (dependently on the size of the investment) related to the implementation of the investment plan. The residence permit for simple investment is granted for five (5 years), the one for strategic investments is granted for ten (10) years.
The residence permit is, also in the case of investments, renewable, for as long as the investment or part of it remains in the possession of the GOLDEN VISA GREECE holder.
Not only children but also parents of investors are eligible for Residence Permit.
Time of Residence Permit for Real Estate Owners can be taken into consideration for years required to obtain Greek citizenship.
unique opportunity to invest in Greek Real Estate and become Citizens of Europe, with the privilege of Greek Residence Permit through acquisition of Golden Visa Greece
The Golden Visa Greece Program offers to any third country citizen, the possibility to open the gates to Europe with minimum investment capital all over the world (only from 250.000€)
504 residence permits have been already issued to third country nationals who bought property in Greece and the demand is continuously growing basically due to the low prices.
The program of Greece is considered competitive as the starting amount is the lowest in Europe and the transfer tax is reduced to 3.09% if the seller is a private person and the new owner of the property is not obligated to stay in the country for some time.
In Spain the amount required for the purchase of property is 500,000 euros and up, from September 2013 and within a year issued 285 licenses. In Cyprus the amount starting at 300,000 Eurosby Chinese and Russians with the former representing over 80% of 1,526 residence permits.