Golden Visa Services

Introduced in 2013, the Greece Golden Visa Program is a residence-by-investment initiative allowing non-EU nationals and their family members to acquire permanent residence permits in Greece.

The Golden Visa Program offers you and your family the opportunity to travel to Greece and Europe’s Schengen Area without a visa while enjoying the benefits of an investment.

The permit is considered permanent as long as the buyer maintains possession and is renewed every five years by presenting the property’s title deed to the authority. Obtaining permanent residency and eventually EU citizenship provides a legacy for you and your children’s families.

Greece raised the minimum investment requirement from 500,000 euros to 800,000 euros in the Region of Attica, the Regional Units of Thessaloniki, Mykonos and Santorini and on islands with a population of more than 3. 100 inhabitants and from 250,000 euros to 400,000 euros in the other regions of the country.

Specifically, the following changes will take place from 31 of March 2024:

  • In the Region of Attica, the Regional Units of Thessaloniki, Mykonos and Santorini and the islands with a population of more than 3. 100 inhabitants, (Crete Patmos, Alonissos, Kythera, Spetses, Poros, Skopelos, Milos, Skiathos, Karpathos, Leros, Ikaria, Tinos, Andros, Paros, Aegina, Thassos, Kalymnos, Lemnos, Naxos, Syros, Lefkada, Kos, Kos, Samos, Samos, Kefalonia, Salamina, Zakynthos, Chios, Lesvos, Corfu, Rhodes and Evia) the value of the immovable property to be held by the person concerned is increased to
  • €800. 000. In the other regions of the country, the value of the property is set at 400, 000 euros.
  • The investment must be made in one property (not in several properties of lesser value) with a surface area of at least 120 m2 .
  • The purchase of an undivided co-ownership share of real estate property is allowed, the minimum value of which is €800,000 and €400,000 respectively.
  • For buildings that currently have a different use and are converted into residential buildings (offices, shops, hotels, warehouses) the minimum investment amount is €250,000 – The change of use must be completed before the application for the residence permit is submitted.
  • The limit is also set at €250,000 if the investment is in a listed building that is to be restored.
  • Investors can rent the properties they acquire, but they are not allowed to short-term leases, and in cases of conversion into a residence, their use as a headquarters or branch of a business is also prohibited.

Heracles Real Estate supports its clients through the whole process of the acquisition of Golden Visa offering the following tailor-made services:

  1. Scouting and sourcing the ideal asset for each individual client
  2. Provide assistance through on-site associates
  3. Legal research of the real estate property/ownership deeds and representation by a lawyer before a notary. 
  4. Holding all the necessary procedures, indicatively open a bank account, issue the identification number, writing and checking the pre-contract, signing the final contract of the property and meetings with notary, observing and reviewing the complete process up to the signing of the sale & purchase contract etc.
  5. Preparing and submitting all necessary documents for the residence permit application.
  6. Attending any required interviews or appointments related to the residence permit application.
  7. Monitoring the progress of the residence permit application and providing updates to you.
  8. Handling any additional paperwork or requirements that may arise during the application process.

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