The Golden Visa Program in Greece offers an affordable real estate investment route to permanent residency in Europe. It is the lowest investment level among EU real estate residency visa schemes. There is no residency requirement, however, the applicants who reside in Greece can apply for citizenship after seven years. The residence permit allows the investor to live in Greece and set up the business. Nevertheless, the applicant is not authorized to work in Greece.
An investment of EUR 250,000 in residential or commercial real estate (any number of properties could be combined to make up the total investment of EUR 250,000). In order to remain the resident of Greece, the property (properties) should be maintained for a lifetime.
The residence permit is issued within three-six months. The residency visa could be renewed after five years, provided the investment is maintained.