Relocate in Greece
Greece has long been a favorite destination for expats keen on moving to warmer climes.
Glorious sunshine, authentic cuisine, island magic and a vibrant nightlife have all played their part. Incredibly welcoming locals, and a wealth of traditions and culture too.
All the blessings that light the way to a more rewarding work-life balance.
It’s an exciting move but leaving behind the comfort of your home can be an overwhelming challenge; paperwork, residency and visas, house-hunting, legal guidance, moving, storage, and settling in is a weary and time-consuming agenda.
We take the task off your hands.
READY TO RELOCATE?
We speed up the process.
We will get you here. Whether you are relocating, retiring, investing, or simply buying a holiday home, we have a plan for you. We tailor our services to meet your needs, and we support you throughout.
RELOCATE IN GREECE
How we help
Look no further. We bring your vision to life.
We help you understand the regional property market and provide area orientation. We address the various factors and phases of the purchasing process and give you peace of mind that you’re being treated legally and fairly.
Frequently Asked Questions
If you are an EU citizen, you’ll need to register for a permanent residence permit for EU citizens if you intend to spend more than 90 days in any 180-day period in Greece.
If you are a third-country financially independent person (FIP), you can obtain a residence permit in the form a visa (type-D) on proof that you have a fixed monthly income of €2000 (+20% for your spouse and +15% for each child up to the age of 18). The permit is renewable every two years on the condition that you maintain your fixed monthly income. You are free to travel within the Schengen Zone.
You can relocate to Greece if you invest in the Golden Visa scheme, or if you are a retiree and you transfer your tax residency to Greece.
What is the Greece Golden Visa?
A convenient way to acquire permanent residency in Greece.
In 2013, Greece launched a Golden Visa scheme designed to lure foreign investors. Non-EU expats are encouraged to take advantage of fast-tracked residency in exchange for financial investment.
Why is the Greece Golden Visa scheme so popular?
It is one of the most coveted, competitive, and affordable residency-by-investment visa schemes in the EU for third-country nationals because of its favorable and flexible terms.
The threshold investment options are lower than in most other EU countries with Golden Visa routes. No other EU visa scheme boasts a minimal investment requirement of €250,000.
Fast-track procedures ensure issuance within three months. The investor is granted immediate five-year residency which can lead to citizenship, and he may be accompanied by the members of his/her family. There is no tax on income abroad, and the residence permit is renewable every five years. Unlike most other countries, there is no requirement for the holder to live in the country.
For more information, see our FAQ
*Data Source: Ministry of Migration & Asylum 30.09.2021
Frequently Asked Questions
Yes, if you meet the following criteria:
- You are over the age of 18.
- You do not have a criminal record.
- You have made a significant investment in Greece (see next question).
- You have obtained health insurance from a company operating in Greece.
To qualify, you must make one of the following investments through own funds:
- Purchase any type of real estate property, anywhere in Greece, worth at least €250,000.
- Conclude a lease or timesharing agreement with a hotel or tourist establishment for at least ten years with a minimum value of €250,000.
- Make a €400,000 deposit in a Greek bank.
- Make a €400,000 capital contribution investment in a company registered in Greece.
- Make a €400,000 investment in Greek Treasury bonds through a credit institution established in Greece, with a residual duration of at least three years at the time of purchase.
- Make a €400,000 capital contribution investment in shares of a real estate investment company in Greece.
- Make a €400,000 term deposit in a domestic credit institution, for at least one year, with a standing renewal order.
- Purchase shares worth €400,000 in a mutual fund, which has been established in Greece or another country, and whose object is to invest exclusively in shares, corporate bonds or Greek Treasury bonds that are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece.
- Purchase shares worth €400,000 in an Alternative Investment Fund (AIF) which has been established in Greece, or another Member State of the EU, and whose object is to invest exclusively in real estate in Greece, provided it is included, upon its request, in the list compiled by the Foreign Funds Directorate of the Ministry of Development and Investment in cooperation with the Hellenic Capital Market Commission.
- Make an €800,000 investment in shares, corporate bonds, or Greek Treasury bonds, which are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece.
The investment must be paid for in full upon the signing of the respective contract.
There is no limit to the amount or to the value of the assets you wish to invest in.
If you invest in real estate, you may purchase either residential or commercial property (or both).
Yes, you may invest in multiple properties of a lesser value, given that the minimum threshold of €250,000 is reached.
Yes, you may invest in land only, given that the minimum threshold of €250,000 is reached. If you wish to build on your land, you must apply for a building permit. Our experienced team of engineers, architects, and designers are here to help you.
Yes, you can qualify if you invest as an individual or via a legal entity of which you hold all corporate shares, or if you purchase a real estate property via a legal entity of which you have full ownership.
Yes. You can extend the visa to include your immediate family members, like your spouse, (unmarried) children under 21 years of age, and dependent parents of either yourself or your spouse. If your child is over the age of 21, but no older than 24, and they are a student, they may also be included in the Golden Visa application.
Also, you may include a partner that you have a cohabitation agreement with in Greece.
Family members and partners are each issued an individual residence permit which expires together with the residence permit of the sponsor.
You can include your spouse. For example, if you jointly purchase a real estate property with a value of at least €250,000 and the shares are indivisible, the right of residence is granted to both of you. You will each receive an individual residence permit.
In all other cases of joint ownership, the right of residence is granted only if the joint ownership rate of each joint owner is worth €250,000 or more.
Yes, your residence permit grants you travel to and between all 26 member countries of the Schengen Area in the same unrestricted way as Greek nationals:
EU Members: Austria, Belgium, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden.
Associate Members: Iceland, Liechtenstein, Norway, Switzerland.
It is issued for five years and can be renewed for an equal period, each time, provided the real estate property is still in your full ownership, or that you maintain your status in relation to another investment.
Family members, whose residence permits expire concurrently with that of the main investor, are also granted a renewal.
No. There is no minimum stay. You do not need to live in Greece for any duration in order to retain or renew your residence permit. You may even choose to rent your freehold property and see a return on your investment.
Yes, eventually. If you and your family members ultimately choose to live in Greece, you can upgrade by applying for Greek citizenship after seven years of continuous residence (183+ days a year). You will need to have a basic knowledge of the Greek language, and of Greek history and culture, in order to pass your citizenship exam. A Greek passport will enable you to have visa-free or visa-on-arrival access to 186 countries and territories (Data Source: Henley Passport Index, April 2021).
No. The Greece Golden Visa scheme does not provide access to any form of employment in Greece. You have access only to the exercise of the specific investment activity for which you have received your residence permit.
Yes, all residence permit holders share the same health and social care rights as Greek nationals. Your family will have access to the National Health System (ESY).
Yes, all residence permit holders share the same educational rights as Greek nationals. Your children will have access to state schools and universities. If they wish, they can choose to attend a private school or university.
You must file an annual tax report.
If you are earning an income in Greece, you must pay income tax.
If you own a property in Greece, you must pay an annual property tax.
No, investors in the Golden Visa scheme do not pay tax on income abroad.
You may sell your property at any time, but in doing so you are giving up your right of residency. Your residence permit will be withdrawn. If you sell it to a non-EU third-country national, he will benefit from the scheme and be granted a residence permit.
No. You can apply for a residence permit remotely. You will need to sign a Power of Attorney for the appointment of a proxy before a Greek Consular authority. From there on, you must enter Greece within 12 months of the date of the application confirmation receipt in order to submit your biometric data.
If you are applying via the purchase of real estate, EIG can give you a virtual tour of some selected properties based on your location criteria and budget.
The easiest way to apply is to hire professional assistance. EIG is one of the leading companies in this field. We are a one-stop shop, your single point of contact. We’ll see you through the entire process, step by step.
Save your time, and don’t get caught up in a bureaucratic web. Sometimes, dealing with the public sector authorities can be complicated, especially if you don’t speak Greek.
Our team of adept individuals undertake all the tedious dealings with the tax authorities, the social security services, the banks, the Land Registry, the local Alien & Immigration Department, etc.
We do everything in a timely manner.
Once you’ve expressed an interest in our services, we’ll give you a free consultation and answer any queries you may have. Give us an outline of your investment and relocation criteria, and we’ll discuss your options with you. If you agree, we’ll pre-select several properties for viewing based on your preferences: location and budget.
When you’re ready, pay us a visit. We’ll follow a pre-planned itinerary for property viewings and make domestic travel arrangements if necessary.
If you like a property, make an offer. If it’s accepted, we can begin procedures at once.
- We’ll get in contact to give you a consultation and answer your questions.
- Give us an outline of your relocation plan.
- We’ll pre-select several properties based on your location criteria and budget. *
- Visit us in Greece to view the properties on a pre-planned itinerary.
- Make an offer or view more properties.
* If a property needs repairs or renovation, we’ll provide a cost-assessment for you.
Your application is usually processed within three months. Then you must revisit Greece, within 12 months of the date of the application confirmation receipt, in order to submit your biometric data.
Thereafter, you will receive your Golden Visa residence permit, initially valid for five years and subject to renewal.
“Citizenship by Descent” is when your ancestors qualify you for a second citizenship. See if you qualify for full-fledged citizenship before committing to the residency program.