From May 1 this year, Greece will double to €500,000 for its Golden Visa Program, from its current minimum requirement of €250,000 for residence by investment. The hiked investment amount will be for some of Greece’s most popular and populated locations – most of the municipalities of Athens and Thessaloniki, and on the islands of Mykonos and Santorini. The minimum investment amount of €250,000 will still apply in all other regions. The Prime Minister of Greece had announced that the step is being taken to make housing more affordable for locals.

Launched in July 2013, the Greek Golden Visa Program grants a five-year residency visa in return for an investment in real estate or other financial options. It may be noted that the residence permit granted to the foreign national does not entitle them to work in Greece.

Advantages of Greece Golden Visa Program

· Make a remote application without the need to enter Greece

· Maintain your residency without any stay requirement