By joint decision of the Ministers for the Interior and Finance, the value of the above real estate property may be adjusted and shall result from the property value stated in the contracts  or from the lease agreements.

3. Το third country nationals, real estate property owners, the possibility of leasing that property is  granted.
4. The above third-country national may be accompanied by the members of his family to whom,  at their request,  an  individual residence permit is issued,  that expires together with the residence permit of the sponsor.
   Family members shall mean:
    a. Spouses
    b. the other spouse or partner with whom a third-country national has a cohabitation agreement in Greece
    c. The direct unmarried descendants of the spouses, who are under the age of 21
    d. the direct unmarried descendants of the supporter or of the other spouse/partner , provided that their custody has been legally entrusted to the sponsor (for his/her children) and to the other partner (for his/her children), under 21 years of age
    e. the direct relatives of the spouses in the ascending line.
5. The above permit may be renewed for an equal duration, each time, provided that   the real estate property remains in the ownership and possession of the third-country national or the agreements of paragraph 1 of this remain in force and all other requirements, provided by law, are fulfilled.  Periods of absence from the country shall not disrupt the renewal of the residence permit.
   “The resale of the real estate property during the period of validity of the residence permit, to another third-country national shall provide the right to the granting of residence permit to the new buyer with simultaneous withdrawal of the vendor’s residence permit.”
6. The residence permits, being granted pursuant to the paragraphs 1 and 4 of this Article, do not establish the right of access to any form of employment.

Please download here a Brief Guide to Residence Permits for real estate owners in Greece, edited by Enterprise Greece, in the following languages: English, Greek, Chinese, Russian, Arabic and Turkish .

Option 2: Residence Permits for investment in securities or a bank deposit in Greece

1. The entrance and residence of third country nationals is permitted in Greece, for the purpose of making an intangible investment in Greece in specific forms of securities or a bank deposit exceeding the value of €400,000, either as individuals or through legal entities.
2. Beneficiaries of the right to enter and obtain a permanent residence permit under this program are:

– non-EU/EEA citizens who, as individuals, invest in Greece in securities or a bank deposit,

– non-EU/EEA citizens who invest in Greece in securities or a bank deposit through a domestic legal entity of

which they hold all corporate shares,

– shareholders or executives of a foreign legal entity that makes an investment in Greece in securities or a

bank deposit (up to three residence permits are granted depending on the amount of the investment),

– family members of the non-EU/EEA citizen.

The residence permit granted to the above non-EU/EEA citizens does not entitle them to work in Greece.

3. Categories of investment:

Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a company headquartered or established in Greece, except for Holding Companies and Real Estate Investment Companies, for the acquisition of stock in a capital stock increase or bonds upon the issuance of a bond loan, which are listed for trading in regulated markets or multilateral trading facilities operating in Greece.

Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Real Estate Investment Company (REIC) under article 21 of Law 2778/1999 (OJHR A-295), whose object is to invest exclusively in Greece, for the acquisition of stock in an increase of its capital stock.

Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Venture Capital Company (VCC) under article 5 of Law 2367/1995 (OJHR A-261) for the acquisition of stock, or capital contribution to a Venture Capital Fund (VCF) under article 7 of Law 2992/2002 (OJHR A-54) for the acquisition of stock, provided that the object of the said Alternative Investment Funds (AIF) is to invest exclusively in companies headquartered or established in Greece.

Purchase of Greek Treasury bonds, with an acquisition value of at least four hundred thousand (400,000) euros and a residual duration, at the time of purchase, at least three (3) years, through a credit institution established in Greece, which is also their custodian.

Term deposit of at least four hundred thousand (400,000) euros, in a domestic credit institution, for at least one year, with a standing renewal order.

Purchase of shares, corporate bonds, or Greek Treasury bonds, which are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece, of an acquisition value of at least eight hundred thousand (800,000) euro.

Purchase of shares of an acquisition value of at least four hundred thousand (400,000) euros in a mutual fund, which has been established in Greece or another country and whose object is to invest exclusively in shares, corporate bonds or Greek Treasury bonds that are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece.

Purchase of shares or stock of an acquisition value of at least four hundred thousand (400,000) euro in an Alternative Investment Fund (AIF), which has been established in Greece or another Member State of the European Union and whose object is to invest exclusively in real estate in Greece, provided it is included, upon its request, in the list compiled by the Foreign Funds Directorate of the Ministry of Development and Investment in cooperation with the Hellenic Capital Market Commission.

 REQUIRED DOCUMENTATION

Α) Residence Permit issued for the Financially Independent individuals

Α.1) Visa Type D

Required Documentation:

– Passport

– Health certificate with an Apostille

– Copy of the criminal record with an Apostille

– An official document that proves a monthly income of two thousand euros (2.000,00€) and/or more, with an extra 20% of the stated amount for the spouse and 15% for each dependent child, added to the official monthly income.

– Tenancy agreement or a Real Estate purchase contract

*** requirements may vary for nationals from country to country. So contact with the Greek Consulate is strongly suggested.

Α.2) Upon arrival to Greece with a type D Visa

Required Documentation:

– Application Form

– Two (2) recent colored photographs in a hard copy, that have the same technical specifications as passport photos, as well as in a digital form stored on a CD in a JPEG2000 graphics format

– Certified copy of a valid passport or another travel document

– Administrative fee in the form of an electronic form, according to the provisions of the article 132 of the Law 4251/2014, wherever it is required

– Insurance policy by a private insurance company, wherever it is allowed by the existing legislation

– Official documents, proving that the interested party possesses adequate financial means, in terms of a steady annual income, the amount of which is determined by joint Ministerial Regulation (currently 24.000,00€) deposited in a Greek Banking Institution