Residence Permit by Real Estate Acquisition or Strategic Investment

Benefits

Qualifying Criteria

To qualify for the program, applicants must show that they:

• Have the required net worth to invest in the construction, reconstruction, modernization or maintenance of existing infrastructure, facilities and networks in: a. manufacturing, b. the energy sector, c. tourism, d. transport and communications, e. health services, f. waste management, g. projects of high-technology and innovation, h. the education sector, i. cultural sector, j. in the primary or agri-food sector, k. the provision of services of the tertiary sector, provided that they meet one of the following conditions:
  • Strategic investment of over €100,000,000.
  • Strategic investment of over €15,000,000 in an industrial zone or €3,000,000 in the JESSICA fund context.
  • Strategic investment of over €40,000,000 and create 120 new employment positions.
  • At least 150 new employment positions are created from the investment in a viable manner or at least 600 jobs are retained.
  • Strategic investment of over €5,000,000 for the development of business parks.
  • Real estate of €250,000 for a residential property, or equivalent investment in either a timesharing agreement with a duration of at least 10 years or lease of at least 10 years of hotel facilities or furnished homes in combined tourist facilities.

Government costs for applicants:

Steps

• Principal applicant€700

• 1For Residency by Real Estate Acquisition:
  • 1.1 Application is submitted along with penal report, medical certificates and travel insurance. (Must include proof of purchase of real estate or documents showing that applicant has at least €250,000 with copy of brokerage assignment to law firm or real estate agency).
  • 1.2 Residency permit issued with a validity of 5 years
• 2For Residency by Strategic Investment:
  • 2.1 Application is submitted at Invest in Greece agency.
  • 2.2 Ministry of Interior makes decision based on application.
  • 2.3 Residency permit issued with a validity of 10 years.