What is the Greek immigration policy like? This guide is all you need

On October 22, 2014, the Enterprise Greece, the Ministry of Development, and the Ministry of Interior of Greece held a joint meeting in Athens regarding the implementation of the "Greek Investment Immigration Promotion Act." Mr. Syrigos, Secretary General of the Ministry of Interior of Greece, clearly confirmed that the Greek government grants permanent residency (PR) to third-country citizens who invest in real estate worth 250,000 euros or more.

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Greece's history can be traced back to ancient Greek civilization, which is regarded as the cradle of Western civilization. As a developed capitalist country, it is a member of both the European Union and NATO, and is the largest economy in the Balkan region. Tourism is its pillar industry, accounting for a significant portion of Greece's GDP and foreign exchange earnings.




I. What is the Greek immigration policy?


On October 22, 2014, the Enterprise Greece, the Ministry of Development, and the Ministry of Interior of Greece held a joint meeting in Athens regarding the implementation of the "Greek Investment Immigration Promotion Act." Mr. Syrigos, Secretary General of the Ministry of Interior of Greece, clearly confirmed that the Greek government grants permanent residency (PR) to third-country citizens who invest in real estate worth 250,000 euros or more. The permanent residence permit is renewed every 5 years, and as long as the property is not sold, the residence permit can be renewed indefinitely. Approved by the Greek Parliament, according to the "Greek Investment Immigration Promotion Act" No. 4146/2013: Non-EU citizens who are willing to invest in Greek real estate and reside or retire in Greece can apply for a Greek permanent residence permit for their whole family by purchasing property worth more than 250,000 euros.


II. What are the advantages of the Greek Green Card?


1. EU + Schengen dual green card, allowing the whole family to travel freely through European countries such as France, Germany, and Italy;

2. Ultra-low property purchase tax, only transaction tax, no double taxation;

3. Purchased property can be rented out, permanent property rights, value preservation and appreciation, high returns;

4. Free public education for children, access to the EU system's free medical care and social welfare;

5. After residing for 7 years or children attending school for 6 years, one can apply for naturalization to obtain an EU passport, with visa-free access to 171 countries.


III. What are the policy advantages of immigrating to Greece?


1. Low investment amount: Only 250,000 euros required, it is one of the European permanent residence programs with a lower investment threshold;

2. Low threshold: No medical examination, no interview, no language requirements, no business background required, no need to explain the source of funds;

3. No immigration supervision: No requirement to reside in Greece, does not affect work and life in the home country, immigration without relocation;

4. Fast speed: Approval can be obtained within 2 months, granting permanent EU Schengen residence status;

5. High cost-effectiveness: One investment, three generations immigrate; the parents of both the main applicant and the spouse can accompany the application.

Investment involves risks, the above information is for reference only

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