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Greece Golden Visa: Eligibility, Requirements, Online Application Process & Documents

Greece is a beautiful country famous for its architecture, history and vibrant culture. Many people across the world wish to travel and live in Greece. With the Greece Golden Visa, they can live and invest in properties in Greece.

This blog enumerates every important detail that you need to know about this visa. Read on.

What Is the Greece Golden Visa?

The Greece Golden Visa Program was launched nine years back, in 2013. It is a residence permit allowing you to live in Greece for 5 years. Moreover, you can include your family as well. However, in exchange, you need to make real estate investments in Greece.

What Are the Eligibility Criteria for Greece Golden Visa from India?

Given below are the eligibility requirements for Indians to qualify for Greece Golden Visa –

You need to be of a minimum of 18 years
You shouldn't have any criminal record
As an applicant, you need to be of good character
You need to have the finances to invest. Importantly you need to have the resources to maintain the investment
You will be eligible for Greece Golden Visa if you have bought medical insurance from a Greek company

What Are the Investment Requirements to Obtain a Greece Golden Visa?

Given below are the details of the investment options that qualify for this visa:

1. Real Estate (Purchase)

A Greece Golden visa applicant needs to invest a minimum of €250,000 in real estate property in Greece, with 3% to 24% taxes.

2. Real Estate (Lease)

Additionally, if the applicant wishes to invest in hotel accommodation or tourist residences, he/she would need 10 years of lease agreement.

3. Government Bonds

The applicant can invest in government bonds. He/she needs to buy Greek government bonds valued at € 400,000 from an authorised institution in Greece. One can also buy corporate bonds or shares, the valuation of which will have to be € 800,000.

4. Capital Contribution

If someone wishes to opt for a capital contribution, he/she needs to submit a minimum of €400,000 to an authorised Greek company. These companies can include close-ended investment companies, real estate companies or any Greek-government authorised company.

5. Capital Transfer

A person can deposit a minimum of € 400,000 at a bank in Greece. But he/she needs to hold the deposits for a minimum of one year.

Terms and Conditions of the Investment Options

Given below are the terms and conditions associated with the purchase of properties in Greece:

You must own 100% of the company shares if you have purchased the property through a legal entity
You need to own and possess the real estate property
If you have opted for hospitality accommodation, the agreement needs to be of 10 years. Additionally, the rental amount has to be €250,000.
If you lease a property for 10 years, the rent amount must be paid in a single payment.

How to Apply for a Greece Golden Visa?

Given below are the steps you can follow for applying for this visa:

Step 1: Determine Whether You Need an Entry Visa

You might be required to apply for a Greek Schengen Visa for visiting Greece. This visa is valid for 90 days. You can use this visa to visit the country and explore investment possibilities. You can opt for a national D visa, valid for 365 days, in case you need more time. Please remember that you need to submit the Greece Golden Visa application before the current visa expires.

Step 2: Consult a Golden Visa Advisor

This is optional. You can choose to deal with the entire application and investment on your own. But many agencies provide free consultations. These agencies analyse whether you are eligible to invest in Greece or not. They also check investment options for you. These agencies ensure that your Greece Golden Visa application doesn't get rejected.

Step 3: Select Your Investment

It's time to visit Greece and check the properties that are suitable for you to invest in. Depending on your preferences and circumstances, you can opt for options other than real estate. Now, you also have the option to select the properties remotely.

Step 4: Complete the Legal Formalities

You can obtain a Greek Non-Resident Tax Number. Open a bank account in Greece. You can opt for the execution of power of attorney.

Step 5: Acquire the Property

Your legal representative can execute the property's 'legal due diligence'. Then you need to obtain the promissory sale, the purchase agreement and the execution of a public deed.

Step 4: Apply for Greece Golden Visa

Once you have finalised your investment option, collect the required documents and apply for a Greece Golden Visa. Make sure you have filled up all the details accurately. Submit the application with the required documents.

Step 5: Wait for Minimum 3 Months

The processing of the visa application will take a minimum of 3 months. If you receive a positive response from the consulate, you must travel to Greece to submit your biometric information.

Step 6: You will Receive the Residence Permit in Greece

After the entire process is completed, you will receive the Greece Golden Visa, valid for 5 years.

What Are the Documents Required to Apply for a Greece Golden Visa?

Given below is the list of documents required for the visa application:

Application form
Passport – original and a copy
Passport size pictures following the Greek visa photo requirements
Proof of income or financial resources
Proof of payment of applicable fees
Proof of purchase of medical insurance in Greece
All the requisite documents related to your investment

What Is the fees for a Greece Golden Visa?

The application costs up to €300 to process your request. However, there are associated expenses as well. For example, you need to invest a minimum of €250,000 in Greece. However, if you wish to invest in shares and government bonds instead, you must spend €400,000.

Only if you have made investments of the required amount will you become eligible for applying for a Greece Golden Visa.

Why Is Greece's Golden Visa Required?

This residency program enables you to travel across the Schengen Area countries without a visa. But this is one of its many benefits. Let's delve deep.

What Are the Benefits of Greece Golden Visa?

It's time to take a look at benefits of Greece Golden Visa –

Visa Free Travel: This permit allows you to freely travel across Schengen countries in Europe without a visa.
No Special Resident Requirement: There's no requirement that you have to reside in Greece.
Residence for Family: The entire family is eligible to avail of residence in Greece. Here, family means the applicant's spouse, children under 21 years and the applicant's parents).
Income and Holding of Shares: Greece Golden Visa enables people to hold shares and receive earnings from the dividends of a company located in Greece. However, it doesn't permit an individual to seek employment in Greece.
Opportunity to Rent Out: This particular visa allows people to rent out the property they have invested in.
Citizenship Eligibility: Greece Golden Visa holders who have resided in the country for seven years become eligible for Greek citizenship.

What Is the Validity Period of a Greece Golden Visa?

The validity period of this particular visa is five years. You can easily renew the visa after five years.

Moreover, if you fulfil the requirements, you can apply for Greek citizenship after seven years.

This blog provided the crucial details related to Greece Golden Visa, which carries many benefits. People, who wish to apply for this particular visa, need to first invest in Greece. The specified investment amounts have been detailed in the blog.

Frequently Asked Questions

✓ Will unmarried partners be eligible for the residence permit?

No, eligible family members do not include unmarried partners.

✓ Is the investment permit in Greece equivalent to a work permit?

No, the investment permit does not allow a person to seek employment in Greece.

✓ As an Indian national, how long do I have to live in Greece to become a permanent citizen?

You need to live in Greece for seven years. Only then will you become eligible for applying for Greek citizenship by naturalisation.

Normal Visa	Urgent Visa	Super Urgent Visa
₹ 5,500 approximately (1 applicant)	Additional ₹ 6,300 approximately	Additional ₹ 7,900 approximately
₹ 5,300 approximately (2 applicants)
₹ 5,200 approximately (3-5 applicants)
₹ 4,500 approximately (6-9 applicants)
₹ 4,400 approximately (10+ applicants)

What Is the Government Fee for an Indian Visa?

Apart from the service fees, applicants also need to pay e-visa government fees. However, the Indian visa charges of the government are different from one country to another. For example, while for some it is exempted, some has to pay ₹ 2,000, ₹ 4,000 or ₹ 6,000 approximately. Know about which category you fall into under the following subheadings.

What Are the Different Government Fee Categories for Different Countries?

Fee Exemption

While paying the Indian visa fees, applicants from the following nationalities are not required to pay any government fees. Instead, they can only pay the processing and service fees.

Cook Islands	Mauritius	South Africa
Argentina	Marshall Islands	Tuvalu
Palau	Fiji	Papua New Guinea
Nauru	Samoa	Vanuatu
Micronesia	Seychelles	Kiribati
Niue Island	Jamaica	Uruguay
Solomon Islands

Government Fee of ₹ 2,000

The government of India charges government e-visa fees of $25 from people of the following nationalities.

Singapore	Sri Lanka
Japan

Government Fee of ₹ 4,000

The government might charge Indian e-visa fees of $50 from people applying from the following countries.

Albania	Cape Verde	Gabon
Latvia	Lesotho	Liberia
Norway	Oman	Swaziland
Palestine	Switzerland	Sweden
Liechtenstein	Panama	Taiwan
Cayman Island	Chile	Gambia
Angola	Andorra	Georgia
Anguilla	China	Germany
Antigua & Barbuda	Colombia	Ghana
Lithuania	China-Macau	Tajikistan
Paraguay	Peru	Tanzania
Armenia	Luxembourg	Greece
Austria	Poland	Guatemala
Costa Rica	Guinea	Croatia
Malawi	Turks And Caicos	Trinidad And Tobago
Azerbaijan	Malaysia	Portugal
Romania	Cuba	Macedonia
Malta	Uganda	United Arab Emirates
Bahamas	Guyana	Mali
Bolivia	Saint Vincent and the Grenadines	Iceland
Djibouti	Vietnam	Czech Republic
Monaco	Honduras	Belgium
Mexico	Denmark	Uzbekistan
Rwanda	Hungary	Moldova
Belize	Saint Lucia	Dominican Republic
Venezuela	Ireland	Senegal
Botswana	Zimbabwe	Dominica
Montenegro	Indonesia	San Marino
Bosnia & Herzegovina	Mongolia	Israel
Zambia	Brazil	Ecuador
East Timor	Italy	El Salvador
Brunei	Cote D'Ivoire	Eritrea
Bulgaria	Jordan	Estonia
Burundi	Kenya	Cambodia
Finland	Republic of Korea	Canada
Cameroon	Myanmar	Serbia
Montserrat	France	Netherlands
Namibia	Sierra Leone	Slovakia
New Zealand	Slovenia	Nicaragua
Saint Kitts and Nevis	Spain	New Zealand
Niger Republic	Nicaragua	Suriname

Government Fee of ₹ 6,000

The government of India charges an Indian visa application fee of $75 from the applicants of the following nationalities.

Russian	UK
Ukraine	Mozambique
USA

Individuals must have proper knowledge of fee payment for an Indian visa since they must pay this amount while applying for an Indian visa. The fees they pay with the application form include both the visa service fee and the Indian Government fee. The service fee that you pay is for processing your application. On the other hand, the e-visa government fee is for the Indian Immigration Department.

Thus, as this article observed, there are different fees for an Indian visa. If you are an applicant trying to obtain an Indian visa for work or other purposes, you need to know these different fees ranges. The government can reject your visa application if you fail to submit the applicable fees.

Frequently Asked Questions

✓ How long does it take for the Indian government to process regular visas?

Unlike e-visas, a regular visa takes a longer processing time. Usually, it takes about 2-3 weeks. However, the government can process a regular tourist visa faster in about a week.

✓ How long can I stay in India on a visa?

Indian business and tourist e-visas are usually valid for about a year. After that, however, the owners of the visas can apply for an extension. The immigration experts approve the extension request only if they can show proper evidence proving their reasons to stay.

✓ Can a traveller check their status of ESTA?

Yes, a citizen can check their status of ESTA on the official portal of CBP or U.S. Customs and Border Protection.

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Student Visa detailed guide

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Detailed Guide about L2 visa

What is L1 visa? and it's types

Types of Schengen Visa?

What are the types of UK Visa?

How to Verify a Visa Online? (VEVO)

What is UAE Golden Visa?

Visa Requirements for Indian Citizens

All about Qatar Visa

Visa Waiver Program

Indian Visa Fees and Charges

How to apply for Spain Golden Visa?

Golden Visa Application Process

How to get the German Golden Visa?

Everything about European Golden Visa

Portugal Golden Visa & It's Benifits

Greece Golden Visa program

How to apply for Malta Golden Visa?

Disclaimer -

Your policy is subjected to terms and conditions mentioned in your policy schedule and policy wording. Please go through the documents carefully.

The information mentioned here about the countries, visa fees and others is taken from different sources. Digit Insurance is not promoting or recommending anything here. Please verify the same before you book your tickets, apply for a visa, buy a travel policy or make any other decision.

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