The Greek Permanent Residency Program (aka Greece Golden Visa) is the most cost-effective of its kind in Europe, has been operating in Greece since 2014. Given the popularity of the program, the Greek authorities decided to increase its cost. In March 2024, the Minister of Economy and Finance of Greece, Kostis Hatzidakis, announced an increase in the minimum value of real estate for a residence permit.
So, the transition period for entering the program under the old conditions has already ended. From September 1, 2024, the requirements for the cost of real estate under the Greek Permanent Residency Program have changed. Namely, the amount increased to €800,000 in such popular locations as, for example, Attica (Athens). And in all other locations up to €400,000. In any case, investments must be made in one property (and not in several properties of lesser value) with an area of at least 120 sq.m.
However, this will not prevent candidates for a Greece Golden Visa who want to purchase a “second home” in the Mediterranean at a premium level. Since the cost of such real estate is exactly at the level of new investment threshold. APEX will help to choose options that suit investor’s wishes and at the same time meet the requirements of the Greece Golden Visa.
Special investment options for obtaining a Greece Golden Visa
It is known that there are two exceptions in the Law, for which the investment threshold of €250,000 remains, and there is no restriction on location.
Firstly, these are non-residential properties that are being converted into residential buildings. A transfer from one category to another must be made before submitting an application for a Greek residence permit. Please note that it is prohibited to use such property as a company office. APEX has current offers for this option from the best developers in Greece.
Secondly, officially recognized architectural monuments. These must be buildings of historical interest and under special protection. To qualify for the program, such properties must be completely restored or reconstructed at the expense of the Greece Golden Visa applicant.
The Greece Golden Visa will allow the investor to reside temporarily or permanently in Greece and travel around the Schengen countries without issuing a visa (90 days every six months). Thus, the Greek Permanent Residency Program gives the investor and his family members visa-free access to Italy, France, Germany, Switzerland, in total 27 countries of the European Union.
Together with the investor, the application for a Greek residence permit via Greek Permanent Residency Program may include the spouse, as well as children (under 21 years of age) and parents of the main applicant and/or spouse. Please note that the Greek residence permit is issued for 5 years at once, and may be prolongated if the investment is maintained.
For many years, Apex Capital Partners has been building network of partnerships with the best developers in Greece and Cyprus, which will allow the investor to choose from the most interesting offers, only premium properties.
BENEFITS OF GREECE GOLDEN VISA
– Visa-free entry to all countries of the Schengen area
– You can apply for three generations of a family, including children under 21 years old
– No strict living requirements. Once every 5 years you have to come to Greece for one day
– A residence permit by investment (Greece Golden Visa) is renewable – issued for a period of 5 years and can be extended while maintaining the investment
REQUIREMENTS FOR GREECE GOLDEN VISA
– The investor must be over 18 years of age, have no criminal record, and not be an EU citizen
– Get medical insurance
– Renew the visa after 5 years from the date of issue
Apex Capital Partners specialists will provide professional legal support, advise at all stages while obtaining Greece Golden Visa, and will also prepare all necessary documents.
INVESTMENT OPTION
Real estate investment residential or commercial*
€250,000
— non-residential facilities that are being converted into residential buildings.
— restoration of real estate in historical premises.
€800,000
— for locations such as Attica (Athens), Thessaloniki, Mykonos, Santorini, and the islands with a population of more than 3,100 inhabitants.
€400,000
— for other locations.
* New conditions from September 1, 2024.
Please note that mandatory government fees will be added to the declared investment amounts. As well as legal support services. Request a cost calculation from APEX.
HOW TO OBTAIN GREECE GOLDEN VISA BY INVESTMENT WITH APEX. STEP-BY-STEP
1. Book a free consultation from APEX experts. You may request total calculation of costs for obtaining Greece Golden Visa by providing a list of family members you want to include on your application.
info@apexcap.org, atannous@apexcap.org
2. Pass a special pre-check procedure from APEX. Such a step will allow you to get to know at the initial stage what are the chances of successfully obtaining a Greece Golden Visa.
3. Sign an agreement with Apex Capital Partners.
4. Choosing real estate in Greece with APEX. Investor may take time to visit Greece to view properties and sign a contract or do everything remotely. When buying a property, it is enough for an investor to have a tourist visa (Schengen visa).
5. APEX prepares documents and provides full support to the investor and then applicationwill be submitted to Immigration Unit in Greece.
6. The main applicant will be required to submit biometric data and pay government fees. Receive residence permit (Greece Golden Visa). After passing all the necessary checks, the applicant receives a notification. The visa is issued for 5 years (renewable).
EUROPEAN CITIZENSHIP BY INVESTMENT
European Citizenship by Investment is becoming increasingly popular across the globe. We will answer the questions where can I get second passport EU and what countries would be interesting for EU citizenship through investment?
CITIZENSHIP BY INVESTMENT IN REAL ESTATE PROJECTS
Apex Capital Partners has experience in the real estate market. This allows you to find reliable developers around the world whose projects allow you to obtain citizenship for real estate.
ABOUT APEX CAPITAL PARTNERS
Apex Capital Partners Corp. is a full-service government mandated advisory firm specializing in second citizenship and investor immigration programs for a multinational clientele.
APEX provides services with end-to-end execution for many HNWI, representing them to Citizenship by investment programs in countries around the world.
- More than 30 YEARS of investment consulting
- More than 3 BILLION USD in investments
- More than 3000 CLIENTS served internationally
Nuri Katz,
Founder of Apex Capital Partners Corp.
«Permanent Residency isn’t a political gesture; clients view this as an asset to their business or brand. Greece Golden Visa is a tool for doing business, similar to an exclusive club membership, to be leveraged as necessary»..
