• Investors in Greece benefit from additional advantages. 

• The investor's spouse, children (under 21), and parents automatically receive 5-year permanent residence without requiring an extra investment. 

• This comes with the perk of visa-free travel to Schengen countries, allowing them to stay for short periods. 

• There is no obligation to live in Greece to retain permanent resident status. 

• Those who opt not to reside in Greece have the option to rent out their property, generating additional income. 

• Furthermore, investors and their families gain access to high-quality EU standard healthcare services. 

• Additionally, children have the opportunity to enroll in internationally renowned schools and universities at domestic tuition rates.

• For an individual or the sole proprietor of a legal entity to qualify, ownership of real estate valued at a minimum of €250,000 in Greece is required. Alternatively, having a signed contract with a lawyer or real estate agent indicating the intention to purchase real estate of this value is also acceptable.

• When considering commercial real estate investments for tourism in Greece, it is required that the principal owner of a legal entity signs a lease contract valid for a minimum of 15 years.

• Key considerations for prospective investors include:

1. The investment may encompass various real estate properties, with a combined value exceeding €250,000. This provides the investor with the opportunity to acquire liquid real estate at favorable prices.

2. The investment amount is determined based on the estimated value of a real estate piece, often surpassing its market value. Consequently, meeting the minimum investment of €250,000 is achievable even with a market price of $150,000 or more.

3. Investors have the option to renew their five-year permanent residence, even if they are not residing in Greece. This flexibility enables the possibility of renting the acquired real estate and generating returns on the investment.

• Notarized agreement for the acquisition of real estate.

• Verification of the contract's registration with the Land Register.

• Notarial confirmation that the property complies with legal stipulations, including its assessed value.

• Confirmation of the state fee payment in accordance with Article 132.

• Valid passport.

• Marriage certificate (if the investor is accompanied by a spouse).

• Birth certificates of children (if applicable to the application).

• Proof of health insurance coverage.

There are two methods to pursue permanent residency through investment:

1. Apply for a D Visa through the Greek consulate. On average, the process for obtaining residency via this route takes approximately three months. In this scenario, 50% of the investment amount is paid upon contract signing, another 40% is paid before submitting the D visa application, and the remaining 10% is paid prior to submitting a permanent residence application.

OR 

2. Submit an application to the Greek Department of Foreign Affairs. On average, acquiring residency through this channel takes around one month. Here, 50% of the investment amount is paid upon contract signing, another 40% is paid before submitting the residence permit application, and the remaining 10% is paid after obtaining the residence.