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Residence by Investment in Greece, commonly known as the Golden Visa program, allows non-EU nationals to obtain a residence permit by meeting specified investment criteria. In Chalandri and across Greece, this permit enables the investor and eligible family members to live in Greece for five years, with renewals possible if requirements remain satisfied. The program is national law but is frequently pursued by residents in suburban areas such as Chalandri due to proximity to Athens and local services.
The typical pathway is a real estate investment of at least €250,000, which grants access to a five-year residence permit for the investor and certain family members. The permit can lead to permanent residence after a period of lawful residence and ongoing compliance with program requirements. Investors should also plan for financial obligations such as property taxes and ongoing ownership requirements during the permit term.
Process basics involve compiling documents (passport, clean criminal record, proof of funds, property title or investment contract) and submitting the application through the appropriate Greek authorities or consular channels. Once approved, the investor and eligible dependents receive residence permits, typically renewed before expiry. In Chalandri, local support from a qualified attorney can streamline document preparation and communications with authorities.
In Greece the investor residence program provides a five-year permit renewable term and may cover the investor's family, with a real estate investment threshold traditionally set at €250,000. Source: Migration Policy Greece
For more official details, see the government resources at Gov.gr and Migration Policy Greece.
The Greek framework for Residence by Investment rests primarily on the Aliens and Immigration Code and its implementing regulations. This code governs entry, temporary residence, and the conditions under which non-EU nationals may reside in Greece for investment purposes. It is amended periodically to reflect policy goals and security considerations.
Immigration Code and investor provisions - The Aliens and Immigration Code, commonly cited as Law 3386/2005 (as amended), provides the overarching rules for investor residence and related procedures. This code forms the basis for Golden Visa eligibility, documentation, and renewal procedures. Recent amendments have tightened due diligence and enhanced verification of investment funds.
Golden Visa implementation and real estate investment requirements - The program has commonly required a real estate investment threshold of at least €250,000. This threshold has been emphasized in ministerial guidance and practice since the program's extension in 2013 and has remained a key criterion for eligibility. Changes over time have focused on documentation and funding sources rather than the threshold itself.
Recent reforms and enforcement trends - In recent years Greece has intensified checks on source of funds, tax compliance, and property valuations. Applicants should anticipate requests for supplemental documents and potential discussions with tax authorities or banks. These trends affect how quickly applications proceed and how robust the evidentiary package must be.
Notes and guidance on these laws can be found on official government portals. See Gov.gr and Migration Policy Greece for current rules and procedures.
Sources for official guidance:
The Greek Golden Visa is a residence permit program for non-EU nationals who invest in Greece, typically via real estate. Qualifying investments generally meet the €250,000 threshold and cover eligible family members. Qualification requires lawful funds and clean criminal records.
The standard requirement is a real estate investment of at least €250,000. Additional investments in business ventures can also qualify, subject to specific criteria and due diligence. Always confirm current minimums with an attorney or official sources.
Residence permits are issued on the basis of investment and compliance with conditions, not continuous physical residence. However, maintaining ties and fulfilling reporting obligations improves renewal prospects. Absences may impact certain long-term eligibility considerations.
Yes, eligible family members such as spouses and dependent children can be included. The precise scope for other dependents varies with regulation and age limits. A lawyer can confirm who qualifies in your case.
Processing commonly ranges from several months up to six months after complete documentation. Delays may occur if additional information is requested or if due diligence requires extended checks. A qualified attorney helps manage timelines and responses.
Common documents include passports, birth certificates, clean criminal records, proof of funds, property title or sales contract, and health insurance. Translations into Greek and apostilles may be necessary. A lawyer can prepare a tailored checklist for your case.
Purchasing real estate in Chalandri that meets the €250,000 threshold satisfies the investment criterion. Lenders, title deeds, and property valuations may need verification by authorities. A lawyer helps ensure compliance with all requirements.
Fees vary by case complexity and service scope but typically range from a few thousand euros to tens of thousands for comprehensive handling. A clear engagement letter helps you understand costs up front. Shop for a lawyer with Greek license and immigration specialization.
Many steps can be completed remotely, but certain stages may require in-person biometrics or interviews. Planning a visit to Greece can help verify documents and finalize steps. Your attorney can coordinate appointments as needed.
Authorities may request documentation proving lawful source and transfer of funds. Delays can occur if funds originate from multiple sources or if bank records require clarification. A lawyer can prepare a robust funds trail and respond to RFIs efficiently.
A residence permit is renewable and tied to ongoing compliance with program requirements. Permanent residency typically requires longer lawful residence under a stable status and may open paths to citizenship. A lawyer can map your timeline toward permanent status if available.
Renewals require continued investment compliance, valid health insurance, and updated documentation. Applicants must submit renewal requests before expiry and respond to any new due diligence. An attorney can manage renewal timelines and submissions.
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The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
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