Greece Golden Visa: Indians Can Apply with €250,000, Live with Family Long-Term
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The Greece Golden Visa allows Indians and other non-EU citizens to get a residency for themselves and their families in Greece. The Visa is the fundamental permit for investments, most commonly in real estate, with several benefits that have been enhanced recently.
What is Greece Golden Visa?
Launched in 2013, this program allows applicants to receive a five-year renewable residence permit through investment. Family members, including spouses, children under the age of 21 and parents of both the applicants and spouses are included.
Investment Requirements and Costs for Greece Golden Visa
Investment Option |
Minimum Amount (EUR) |
Notes |
Select Properties (Renovation/Conversion) |
250,000 |
Applies to commercial-to-residential or heritage listed properties |
Standard Property (Most Regions; 120m²+) |
400,000 |
Regions outside major cities/islands; minimum 120 sq. m |
High-Demand (Athens, Mykonos, Santorini, big islands) |
800,000 |
Includes specific cities/islands with >3,100 residents; min. 120 sq. m |
Bank Deposit |
500,000 |
Fixed-term deposit in Greek bank (1+ year, renewed automatically) |
Government or Corporate Bonds |
500,000–800,000 |
500,000 for government bonds (min. 3 years); 800,000 for corporate bonds |
Application Fee (Main Applicant) |
2,000 |
Payable to Greek authorities |
Application Fee (Each Family Member) |
150 |
Per dependent |
Legal & Property Fees |
11-12% of property value |
Covers legal, notary, land registry, and taxes |
Also Read: US Embassy in India Offers Explanation for 221(g), 214(b) Visa Rejections
Key Benefits of Greece Golden Visa
- Permanent Residency for investors, spouse, children, and both sets of parents, with no minimum stay requirement as such.
- You are eligible for visa-free travel throughout the Schengen zone for up to 90 days within any 180-day period.
- With the Greek Golden Visa, you can earn rental income from the property, use Greece as a retirement base, and access quality healthcare and education.
Updated Rules for Greece Golden Visa in 2025
The rules for Greece Golden Visa have changed on March 31, 2024, with new rules applying in 2025. The updated rules are:
- Minimum investment is now EUR 800,000 in high-demand regions and EUR 400,000 elsewhere, but the EUR 250,000 threshold remains for renovation properties.
- Investments must be held for at least seven years; stricter regulations for property use and due diligence apply.
- Short-term lettings like Airbnb are generally prohibited; long-term rentals or personal use are mandated.
- Minimum property size is 120 sq. m, and penalties for non-compliance may reach EUR 500,000.
Also Read: Is H-1B Uncertainty Pushing Indians Towards Australia, Germany & Canada?
Quick Comparison of Greece with Malta and Portugal
“While Malta is attractive for immediate permanent residency and Portugal for the fastest citizenship route, Greece offers affordability, flexibility, and Schengen mobility that appeal to Indian investors,” Stated Boiko. Here is a quick comparison of why Indians often choose Greece over Malta or Portugal for residency by investment:
Feature |
Greece (euro) |
Malta (euro) |
Portugal (euro) |
Minimum Investment |
250,000 |
375,000+ |
250,000–500,000+ |
Minimum Stay Required |
None |
None |
7 days/year |
Family Inclusion |
Spouse, kids <21, parents (both sets) |
Spouse, kids <29, parents, grandparents |
Spouse, kids <18, dependent parents |
Processing Time |
2–4 months |
Up to 12 months |
Up to 12 months |
Residency Validity |
As long as the investment is held |
Permanent if rules fulfilled |
As long as the investment is held |
Special Advantages |
Lowest entry cost, faster process, broad family |
Immediate permanent residency includes adult children |
Fastest route to EU citizenship, investment flexibility |
How to Apply for Greece Golden Visa
Step 1: Conclude a qualifying investment you are going to opt.
Step 2: Collect necessary documentation.
Step 3: Apply via the Aliens and Immigration Department, typically with legal assistance.
Step 4: Pay all relevant fees, including EUR 2,000 for the main applicant.
Step 5: Provide biometrics in Greece.
Step 6: Wait for approval, which generally takes about six to twelve months.
Step 7: Receive the residence permit upon approval.
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