Overview — Greece Golden Visa
Greece's Golden Visa programme — the Residence Permit for Investment Activity — is among the most accessible EU residency programmes for property investors, making it a popular starting point for many UAE-based investors who want European Union residency without committing to a programme costing €500,000 or more.
The programme provides a five-year renewable residence permit for qualifying investors and their families. It grants Schengen Area visa-free travel, access to Greek healthcare and education, and — after 7 years of residency — the right to apply for Greek citizenship.
Importantly, there is no minimum stay requirement. You do not need to live in Greece, spend any minimum number of days per year, or file taxes as a Greek resident unless you choose to. This makes Greece's Golden Visa the most lifestyle-flexible EU residency programme currently available.
Investment thresholds were revised in 2023. Real estate in Athens, Thessaloniki, Mykonos, Santorini, and other high-demand zones now requires a minimum of €800,000. Properties in lower-density regions remain at €400,000. An alternative capital markets investment route is available from €350,000.
Who qualifies
- Non-EU/EEA nationals aged 18 or older
- Investment capacity of €250,000–€800,000 depending on property location or investment type
- Clean criminal record
- No active EU entry bans or sanctions
- Spouse, minor children (under 21), and dependent parents and parents-in-law may be included
Investment routes
Real Estate — Restricted Zones
EUR 800,000Purchase of residential or commercial property in Athens, Thessaloniki, Mykonos, Santorini, or any other Tier 1 zone designated by the Greek authorities. Minimum property size: 120 sqm for residential properties.
Covers Athens and most high-demand locations
Real Estate — Standard Zones
EUR 400,000Purchase of property in non-restricted areas of Greece. Standard zones include the majority of the country outside major urban centres and islands. Minimum property size: 120 sqm for residential.
Real Estate — Conversion Projects
EUR 250,000Purchase of a commercial property (office, retail, industrial) for conversion to residential use. This is the lowest-threshold option and provides the best value in absolute terms.
Lowest threshold — commercial-to-residential conversions
Capital Market Instruments
EUR 350,000Investment in Greek government bonds, Greek corporate bonds listed on regulated markets, shares of real estate investment companies, mutual funds, or bank deposits in Greek credit institutions.
Key benefits
- Entry from €250K for qualifying property categories (€400K standard zones)
- Schengen Area visa-free travel for the entire family
- No minimum stay requirement — residency without relocation
- Eligible for Greek citizenship after 7 years
- Rental income from Greek property permitted
How we process your application
Property Identification
We identify qualifying properties based on your zone preference and budget. We coordinate with Greek legal counsel to conduct title searches and verify compliance.
AFM & Bank Account
A Greek tax number (AFM) and Greek bank account are obtained — both required before property purchase.
Notarial Purchase
Property purchase completed before a Greek notary. The title deed is registered in your name with the Land Registry.
Residence Permit Application
Application submitted to the Greek Ministry of Migration and Asylum. Biometric appointment booked — usually requiring one visit to Greece.
Permit Issuance
Five-year residence permit issued for the main applicant and all included family members.
Ongoing Renewal
Permit is renewed every 5 years provided the investment is maintained. No minimum stay requirement during any renewal period.
Why apply with Avyanco
Frequently asked questions
What are the different investment zones and why do thresholds vary?
Do I need to live in Greece?
Can I rent out the property?
How long until I can apply for Greek citizenship?

Reviewed by
Jashvantkumar Prajapati
Founder & CEO, Avyanco — 21+ years in global mobility advisory

