How are third-country nationals entitled to a Greek residence permit:
Third-country nationals may fall within the provisions of the Code: Law 4251/2014, Government Gazette 1, no 80 (Law of the Immigration and Social Integration), either by making an investment or by acquiring real-estate property.
More specifically, Art. 20 of the Code tries to stimulate the domestic land market by regulating the granting of a Greek Residence Permit to third-country nationals investing in real estate properties in Greece with a value of at least € 250,000 through sales, lease or timesharing agreement. The amount of € 250,000 must have been paid in full upon the signing of the respective contract.
The above-described residency permit (Golden visa) can be renewed every five years indefinitely, as long as the property remains entirely at the ownership of the main applicant.
Family members of the main investor, may be granted a personal residence permit that is renewed and/or expires concurrently with the residence permit of the investor (property owner).
Family members considered: the spouse, children up to 21 years of age, applicant’s parents, spouse’s parents.
Periods of absence from the country do not constitute a reason for refusal.