A new horizon for investors after the Greek summer
With the high tourist season coming to an end, Greece not only offers quieter beaches and a more relaxed lifestyle, but also renewed opportunities for international investors interested in obtaining Greek citizenship through investment programs. If you are looking for a way to settle in Europe, taking advantage of this strategic moment can make all the difference.
Orience accompanies you every step of the way, helping you understand the advantages of investing in Greece, the updated requirements, and how you can benefit from its citizenship by investment system.
What is citizenchip by investment in Greece?
Citizenship by investment is a government program that allows non-EU citizens to obtain a Greek passport (and therefore, an EU passport) through significant economic investment in the country. Although Greece does not offer a direct citizenship program, it does have a residency by investment program with the possibility of applying for Greek nationality after a period of continuous legal residence.
Why Take Advantage of the Post-Summer Period?
- Greater availability of properties: The end of summer leaves more options in the real estate market.
- Less competition: Fewer international buyers means better negotiation opportunities.
- Faster administrative processes: Immigration offices and notaries return to full capacity after the holidays.
Requirements for the Residency by Investment Program in Greece
The Greek residency by investment program requires a minimum investment of €250,000 in real estate, one of the lowest thresholds in Europe. Since August 2023, some popular areas such as Athens and Thessaloniki have raised this threshold to €500,000, so it is important to carefully choose the investment region.
Basic Required Documentation
- Valid passport
- Criminal record certificate
- Proof of funds and their legal source
- Purchase agreement and property title
- Valid health insurance in Greece
With Orience, we help you gather, translate, and legalize all these documents so that your application is solid from the start.
Tangible Benefits of Citizenship and Residency in Greece
1. International Mobility
As a Greek resident, you can move freely throughout the Schengen area. After 7 years of legal residence, you can apply for Greek citizenship and obtain a European passport.
2. Tax Benefits
Greece offers new residents an attractive tax regime, such as a flat tax of €100,000 per year for foreign income (Law 4646/2019), and a 50% tax discount for returnees or newcomers who work or invest locally for 7 years.
3. Quality of Life
Greece combines a lower cost of living than the European average with access to quality public and private healthcare, a Mediterranean climate, and a healthy lifestyle.
Market Data Supporting Investment
- In 2023, Greece issued more than 7,800 Golden Visas, positioning itself as the second most popular program in Europe after Portugal.
- The average price per square meter in Athens rose by 12% year-on-year in the second quarter of 2024, according to the Bank of Greece.
- More than 70% of foreign investors chose properties intended for tourist rentals, generating additional profitability.
How Does Orience Help You?
Orience provides you with a comprehensive solution:
- Legal and tax advisory services tailored to your needs
- Selection of high-potential properties
- Complete document management
- Sworn translation and legalization
- Representation in Greece without the need to travel
In addition, we guide you on the path to Greek nationality after your residence period, with no surprises and a clear roadmap.
Frequently Asked Questions
Can Greek Citizenship Be Obtained Directly by Investment?
No. Currently, Greece does not offer direct citizenship by investment. The program grants permanent residency with the option to apply for citizenship after 7 years of continuous residence.
Can I Include My Family in the Application?
Yes. Your spouse and children under 21 years old can obtain residency under the same application.
Is It Mandatory to Reside in Greece to Maintain the Permit?
No. The Greek Golden Visa does not require actual residence for renewal every 5 years, which makes it ideal for international investors.
What Additional Expenses Should Be Considered?
In addition to the property value, you should consider notary fees, transfer taxes (3.09%), lawyer fees, and administrative charges, which add up to between 7% and 10% extra.
How Long Does the Process Take?
With the proper documentation, the permit can be issued in 2 to 3 months. Orience helps you reduce processing times thanks to our local expertise.
Conclusion
After the summer, Greece represents a strategic window for those who wish to obtain European residency and begin the path to citizenship. With accessible requirements, tax benefits, and a dynamic real estate market, this is the ideal time to act.
At Orience we offer the expert advice you need to take advantage of these opportunities without complications. Request your free consultation now and start your new life in Greece with confidence.