“Greece provides a renewable five-year residency visa in return for a real estate investment of just €250,000.00.”
The golden visa program in Greece provides a renewable five-year residency visa in return for a real estate investment of €250,000. This can be individually or through a company where the applicant owns 100% of the shares of that company. There is no minimum stay requirement, and the visa offers its holders instant access to the Schengen area when granted. The residency visa can be renewed every five years provided the property investment is retained. Citizenship, however, can only be granted after seven years of residency in Greece. According to Tax Bite Accountants, even with additional taxes of around 24%, the Greek golden visa program is currently the lowest cost residency option within Europe. It is also fast compared with other programs at around 40 days between application and the issue of a residency permit.