Purchasing Property in Greece for 400.000 Euros and obtaining a 5-year Residence Permit

The money can be invested in one or more objects worth at least 400.000 Euros.

While submitting supporting documents for a residence permit, a foreign national has to accomplish the above transaction in full and as a result to possess all the registration documents confirming the ownership. The particular benefit of investing in Greek property is the ability to acquire a 5-year residence permit for a spouse of the property owner and for their children under the age of 21, as well as for the parents of both spouses.

For extension of a residence document of this category there is no obligation for its holder to reside in Greece continuously or to show their knowledge of Greek language. The exceptional disadvantage of this residence permit is the inability to conduct a business in Greece.

Greek citizenship, meaning the EU passport, allows the applicant to live, work, and study in any of the EU member countries, not just Greece. If desired, citizenship may be applied for after (seven years) in permanent residency status ( Golden Visa).