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Permanent residence permit for investors

Under the Immigration and Social Integration Code (Law 4251/2014, Government Gazette 1, no 80), non-EU nationals and their family members may be granted Greek residency in exchange for an investment in real estate.

Investment may be purchasing real estate property, or a timesharing agreement with a duration of at least 10 years, or lease with a duration of at least 10 years for hotel facilities or furnished homes in combined tourist facilities. It doesn’t matter whether the property is commercial or residential.

The minimum investment must be at least €250,000.

The residence permit has a duration of 5 years, renewable, provided that you still own the property.

Family members include the spouse, the direct descendants of the spouse who are under 21 years old and the direct parents of the spouse.

It is important to note that the years of residence in Greece under such a permit do not count towards obtaining Greek citizenship.


- Copy of the notarial act proving the property acquisition.
- Notarial certificate that the act fulfills the requirements of article 36A of Law 3386/2005
- Proof of registration to the competent land registry.
- Valid passport or other travel document that is recognized by Greece
- Copy of penal status
- Medical certificate proving that you have no contagious disease, which may endanger public health
- Travel insurance

If the property has not been paid in full:
- Proof of the asset's value exceeding €250,000 (i.e. certificate by a recognized first class bank or official financial organization or other recognized securities depository, attesting the existence of bank accounts or other securities, especially bonds or shares).
- Copy of brokerage assignment to a law firm or real estate agency.

If the property has been acquired through a legal entity:
- Copy of the notarial act proving the property acquisition.
- Copy of the articles of incorporation of the legal entity, proving that the third country national owns all corporate dividends or shares.

In case hotel accommodation or furnished tourist residences in a combined tourist facility are leased for a period of at least ten years:
-Copy of a notarial act concerning the lease of hotel accommodation or furnished tourist residences in a combined tourist facility leased for a period of at least ten years. The above facility must be registered with the Greek National Tourism Organization (GNTO)
- Proof that the lease contract was properly registered at the local Land Registry.

Restricted Nationalities

European Economic Area

dual citizenship

Dual citizenship is recognized in Greece. You are not required to renounce your previous nationality to become a citizen of Greece.

Documents Required

  • Two passport-size photos
  • Certified copy of passport
  • Evidence of Health Insurance
  • Original Police Clearance Certificate
  • Medical Certificate
  • Title Deeds or Proof of Registration of Real Estate
  • Notarial act proving real estate acquisition
  • Proof of net wealth
  • Certified copy of Business License or Incorporation documents (if applicable)
  • dual citizenship Yes
  • Family members included Yes
  • land ownership Yes
  • Physical residence required No
  • Personal visit required No
  • Language skills required No
  • Interview required No
  • Investment Single €250,000
  • Investment Family 4 €250,000
  • Minimum annual income -
  • Time to citizenship 84
  • Time to permanent residency
  • Visa-free countries 189
  • Financing available No

Country details

Greek, English, French (Standard)
Greece, officially the Hellenic Republic, is a state in southeastern Europe, located on the southern Balkan peninsula. It has borders with Albania, the Republic of Macedonia and Bulgaria to the north and Turkey to the east. The Aegean Sea is to the east of Greece, the Ionian Sea to the west and the Mediterranean to the south. Greece includes a vast number of islands (approximately 1440, of which 227 are inhabited), including Crete, the Dodecanese, Cyclades and Ionian Islands, among others.

Greece has been a member of the EU since 1981 and the eurozone since 2001. It has about 11 million inhabitants and its capital and largest city is Athens. Other important cities are Thessaloniki, Patras, Heraklion and Larissa. Its official language is Greek and its official currency is the Euro (EUR).

Visa Free Travel

With your new passport from Greece you'll be able to access 189 countries visa free


To be a tax resident in Greece an individual must spend more than 183 days per year within the country. Residency rules may vary according to a tax treaty.

Tax residents are subject to personal income tax on their worldwide income, while non-residents are only taxed on their Greek-source income.

Personal income tax is levied at progressive rates up to 45%. Dividends and interests are taxed at a 15% flat rate. Rental income is taxed separately at progressive rates from 0% to 45%. Capital gains from the sale of securities is subject to 15%. Those arising from the sale of immovable assets are currently tax-exempt.

Greece has enacted controlled foreign company rules. Under this regulation residents may be taxed on the undistributed profits of their companies abroad, provided that they own at least 50% of the share capital, the entity is resident in a non-cooperative jurisdiction, more than 30% of profits are derived from passive income and shares of the entity are not listed in a regulated market.

Real property tax is levied according to the location, use, zone price, surface and age of the property. There is an additional real property tax levied on properties or sum of properties by a taxpayer over a tax value of €200,000.

There is an inheritance tax: estates are taxed between 1-10%, for other heirs and rates range from 0 to 40%. There is a transfer tax of 3% levied on the transfer of real properties, if V.A.T. does not apply. There is no net worth tax.

The V.A.T. standard rate is 24%, the reduced rate is 13% and a super reduced rate of 6% may apply to certain goods and service transactions.

With regard to corporate taxation, resident entities are subject to a 29% corporate income tax on their worldwide income. To learn more about Greek corporate taxation, legal framework and tax treaties, check out incorporations.io/greece.

This should not be construed as tax advice. We have access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

  • Property tax Yes
  • Transfer tax Yes
  • Inheritance tax Yes
  • Net worth tax No
  • CFC law Yes
  • Tax residency days 183
  • Personal income tax rate 45%
  • Capital Gains tax rate 15%
  • Investment income tax rate 15%
  • Territorial taxation No

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In order to better serve you, we ask that you please fill out the following form as accurately as you can and provide as many details as possible. Thank you.
Residency by Employment (Work Permits)
Residency by Entrepreneurship (Starting or Relocating your Business)
Residency by Investment in Real Estate or Securities
Residency by having sufficient means (Passive Income)

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Flag Theory is an internationalization and offshore solutions provider, and the creator of residencies.io. We offer expert consultation advice and assistance.

Your privacy is important for us and we will keep your information secure. View our privacy policy

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