Golden Visa

2024 CHANGES TO THE GOLDEN VISA PROGRAM:

The Greek Parliament has approved significant adjustments to the Greek Golden Visa program, outlined as follows:

  • TWO-TIERED INVESTMENT REQUIREMENTS:

In designated areas such as Attica, Thessaloniki, Mykonos, Santorini, and islands with over 3,100 residents, the minimum real estate investment is set at €800,000. For other regions, the requirement is €400,000. Investments must be in a single property with a minimum area of 120 square meters.

In the Region of Attica, the Regional Units of Thessaloniki, Mykonos, and Santorini, as well as islands with a population exceeding 3,100 inhabitants, the minimum real estate acquisition value stands at 800,000 EUR. For all other regions in the country, the minimum value required for real estate acquisition is set at 400,000 EUR. The investment must be made in a single property with a minimum area of 120 square meters.

Specifically for Mykonos and Santorini, the minimum threshold will be raised from 500k to 800k EUR. Furthermore, an additional thirty-two islands have been included in the same list with an 800k investment requirement. However, for these islands, the minimum threshold will be directly raised from 250k to 800k EUR. These islands include:

  • Crete
  • Euboea (Evia)
  • Rhodes
  • Corfu
  • Lesbos
  • Chios
  • Zakynthos (Zante)
  • Salamis (Salamina)
  • Kos
  • Kefalonia
  • Samos
  • Lefkada
  • Syros
  • Naxos
  • Kalymnos
  • Lemnos
  • Paros
  • Thassos
  • Aegina
  • Tinos
  • Ikaria
  • Andros
  • Leros
  • Karpathos
  • Skiathos
  • Milos
  • Skopelos
  • Spetses
  • Kythera
  • Patmos
  • Poros
  • Alonissos
  • EXCEPTIONS:

For properties converted from commercial to residential use, the minimum investment remains €250,000 regardless of location or size. The conversion must be completed before applying for the visa.

In cases where properties are listed and require restoration, the minimum investment remains €250,000. Full restoration is mandatory within five years for visa renewal, and the property cannot be sold until restoration is completed.

  • RESTRICTIONS – NO SHORT-TERM RENTALS:

All Golden Visa properties are banned from short-term rentals, including subleasing. It’s unclear if this applies retroactively to current visa holders.

Properties obtained through conversion are also prohibited from being used as a registered company seat.

Failure to comply results in revocation of the visa and a €50,000 fine.

  • TRANSITIONAL PERIOD:

Investors can apply under the previous €250,000 threshold by paying a 10% deposit before August 31, 2024, and finalizing the investment by December 31, 2024. If the property purchase isn’t completed on time, investors have until April 30, 2025, to finalize their investment.

All other aspects of the Golden Visa Law remain unchanged.

Unlock European Residency through Greek Golden Visa Program with CS Property Services

Are you seeking a pathway to European residency that combines real estate investment with unparalleled opportunities? Look no further than the Greek Golden Visa program, expertly facilitated by CS Property Services. Our comprehensive services guide you through every step of the process, transforming your investment into a gateway to European living and travel freedom.

Exploring the Greek Golden Visa Journey:

01 Personalized Consultation:

Our journey together begins with a personalized consultation, where we assess your investment goals and tailor our approach to match your needs. We delve into the finer details, explaining the program’s benefits and investment requirements, setting the stage for an informed decision.

02 Property Selection:

With an array of exclusive property listings at your disposal, our experts help you choose an investment that aligns with both your lifestyle preferences and Golden Visa program criteria. Our in-depth knowledge of the Greek real estate landscape ensures you’ll make a well-informed decision.

03 Due Diligence and Documentation:

Ensuring a seamless process, our team conducts thorough due diligence on the selected property, verifying its eligibility for the Golden Visa program. We assist you in gathering all necessary documentation, streamlining the application process for a timely submission.

04 Application Submission:

Leveraging our expertise, we compile your application meticulously, leaving no room for delays or complications. We liaise with local authorities, presenting a complete and compelling application package that maximizes your chances of approval.

05 Ongoing Communication:

Throughout the processing period, we keep you informed about the progress of your application, promptly addressing any inquiries or additional documentation needs. Our commitment to transparent communication ensures a stress-free experience for you.

06 Golden Visa Approval:

Upon approval of your application, you’ll receive your Greek Golden Visa, granting you and your family the freedom to reside in Greece and travel within the Schengen Area. The Greek Golden Visa also extends its benefits to your spouse, dependent children, and even parents.

07 Seamless Residency Transition:

Our services extend beyond the approval. We assist you in making a smooth transition to your new European residency, providing guidance on logistics, integration, and settling into your chosen Greek property. At CS Property Services, we understand that the Greek Golden Visa program is not just about residency; it’s about creating a new chapter in your life enriched with culture, travel, and opportunities. Let us be your trusted partners in securing your European future. With CS Property Services, the path to your European dreams begins with an investment and ends with a lifestyle.

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