Greece’s Golden Visa Program is experiencing a surge in popularity, particularly among US nationals. This heightened interest comes from a confluence of factors, most notably the recent US presidential elections and Spain’s decision to terminate its Golden Visa Program.
In fact, data reveals a significant increase in interest from US citizens: a 50.4% rise in Google searches for “Greece Golden Visa” between October and December 2024. This surge, particularly noticeable after the November US elections and Spain’s announcement, underscores the growing appeal of Greece as a stable and secure residency destination in Europe.
As investors seek alternative pathways to European residency, Greece has emerged as a prime destination, offering a compelling combination of affordability, attractive benefits, and a straightforward application process.
Why Greece’s Golden Visa?
The Greek Golden Visa Program, established in 2013, grants non-EU nationals and their families a five-year residence permit in exchange for a minimum investment of €250,000 in Greek real estate. This program has garnered considerable attention for several key reasons:
- Affordability: Compared to other European Golden Visa programs, Greece’s investment requirement is relatively low, making it an accessible option for many investors.
- Visa-Free Travel: Golden Visa holders travel visa-free within the Schengen Area, encompassing 26 European countries. This benefit allows for seamless travel and exploration throughout much of Europe.
- Path to Citizenship: After seven years of continuous residency in Greece, investors can apply for Greek citizenship, granting them full rights and privileges as EU citizens.
- No Minimum Stay Requirement: The program doesn’t mandate a minimum stay in Greece, providing flexibility for investors who may not wish to relocate permanently.
- Family Inclusion: Investors can include their spouse, unmarried children under 21, and dependent parents in their residence permit application, ensuring family unity.
Recent Changes and Future Outlook
In 2024, Greece adjusted its Golden Visa Program to attract more strategic investments. These changes include:
- Increased Investment Thresholds: The minimum investment requirement for real estate in certain areas, including popular destinations like Athens, Thessaloniki, Mykonos, and Santorini, has been increased. However, the €250,000 threshold remains in place for other regions.
- Startup Option: A new pathway to obtaining a Golden Visa through investment in Greek startup companies is now available, broadening the investment options.
These modifications reflect Greece’s commitment to refining its program and attracting investors who can contribute to its economic growth.
Greece’s Golden Visa: A Gateway to European Residency for US Investors
Apex Capital Partners recognizes the growing appeal of the Greek Golden Visa Program. With our expertise navigating the complexities of residency and citizenship by investment programs, we guide US investors through the application process, ensuring a smooth and successful experience.
Greece’s Golden Visa Program offers a compelling proposition for US nationals seeking European residency. Its affordability, visa-free travel benefits, and potential for citizenship make it a desirable option. As Greece continues refining its program and attracting strategic investments, its appeal will likely grow even further.
