Investment Residence Permit

Greece Investment Residence Permit offers investors residency through real estate investments in prime locations like Attica, Thessaloniki, Mykonos, and Santorini. Enjoy EU benefits including stability, safety, and healthcare.

Greece Investment Residence Permit

Greece Investment Residence Permit, established in July 2013, is highly regarded for its flexibility and affordability, enabling investors and their families to obtain residency quickly. It offers benefits like free movement within the Schengen Area, access to public education and healthcare, and the option to rent out properties. This program is an attractive choice for those seeking European residency.

  • Population: Approximately 10.4 million inhabitants
  • Languages: Greek
  • Economy: Service-based economy with key sectors including tourism, shipping, agriculture, and technology
  • Currency: Euro (EUR)
  • Visa-Free Travel: 185 countries.

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  • Dependents Coverage: Includes spouses, children under 21, and
    parents of the investor and spouse.
  • EU/Schengen Membership: Enjoy the benefits of being a member of
    the EU/Schengen.
  • Indefinite Residency: Right to reside indefinitely in Greece with
    access to high-quality education and healthcare, including free
    education for children.
  • Fast Processing: Typically processed within 6-9 months.
  • Schengen Travel: Free travel within the Schengen zone for 90 days
    out of every 180 days.
  • Business Establishment: Right to establish a business with no
    physical residency requirement and no language requirement.
  • Path to Citizenship: Eligible to apply for Greek citizenship after 7
    years, subject to meeting residency and language requirements.
  • Tax Benefits: No wealth tax and low property tax.
  • No Education or Management Experience Required
  • Renewable Residency Permit: The Greek Investor Residence Permit
    (GIRP) is valid for 5 years and is renewable


  • A Non-EU Nationality: Applicant must be a Non-EU citizen.
  • Age and Health: Applicant must be over 18 years old and in good
    health, with medical insurance.
  • Real Estate Investment: Make a qualifying real estate investment,
    which must be held for the entire duration of the residence permit.

Investment Types

  • Minimum Investment: €500,000 in one property in specific areas or
    €250,000 in other areas.
  • Property Type: Property can be commercial or residential, held either
    freehold or leasehold.
  • Investment Entity: Investment can be made personally or through a
    wholly owned company in Greece.

Process (3-6 months)

  • Property Selection: Select property in Greece and sign Power of Attorney.
  • Property Purchase: Complete the property purchase process.
  • Application Submission: Book submission date in Greece for application.
  • Application Process: Lawyer submits application documents and obtains
    temporary residence permit (TRC) valid for 1 year.
  • Biometrics Submission: Applicant and dependents must visit Greece to
    submit biometrics within the validation period of TRC.
  • Approval: Residence permit approval is typically granted within
    2 months.
  • Renewal: Residence permit may be renewed every 5 years, provided the
    investment is maintianed.

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