For many Indians dreaming of living in Europe, Greece has an exciting opportunity through its Golden Visa program. Originally launched in 2013, this initiative offers long-term residency to non-EU citizens who make a qualifying investment in the country.

What Is Greece’s Golden Visa?

The Greece Golden Visa is a residence-by-investment program that gives a five-year renewable residence permit. Successful applicants, along with their families, gain the right to live, study, work, or even run a business in Greece. Another major advantage is visa-free travel across the Schengen Zone, allowing up to 90 days of travel within any 180-day period.

Key highlights include:

  • Residency benefits for the main applicant, spouse, and dependent children under 21.
  • There is no necessity to remain in Greece in order to keep your residency.
  • Access to Greece’s public healthcare and education systems.
  • One can apply for Greek citizenship after seven years of stay.
  • A lifestyle and business hub in the Mediterranean with proximity to Europe.

    • Why the Program Matters

    For many Indians, the scheme offers a balance between affordability and accessibility. It provides a direct pathway to European residency without requiring permanent relocation, making it attractive for professionals and families who may still want to keep India as their base.

    Investment Options

    Applicants can choose from multiple investment routes:

    Real Estate Investments
  • €500,000 in high-demand areas such as Athens or Santorini.
  • €250,000 in residential or commercial property across other regions.
  • €400,000 in designated zones beyond the prime markets.
    • Other Eligible Investments
  • A capital contribution of at least €500,000 to a Greek company or fixed-term bank deposit.
  • Acquisition of €800,000 in firm shares or bonds, or €500,000 in government bonds.
  • A €350,000 investment in mutual funds focusing on Greek assets.
  • A suggested €250,000 investment in Greek companies.

    • Step-by-Step Application Process

    1. Choose and complete a qualifying investment.
    2. Prepare required documentation.
    3. Submit the application to the Aliens and Immigration Department, often with legal assistance.
    4. Pay the application fees: €2000 for the main applicant, €150 per dependent, and €16 for the residence card.
    5. Provide biometric data during a visit to Greece.
    6. Wait for processing, usually 6–12 months.
    7. Receive the residence permit upon approval.

    Documents Required
  • Valid passport
  • Recent passport photographs
  • Proof of investment
  • Health insurance for all applicants
  • Clean criminal record
  • Proof of sufficient funds
  • Marriage certificate (if applicable)
  • Birth certificates for children
  • Completed application form

    • Final Word

    Greece’s Golden Visa comes with a considerable investment requirement, but the benefits are significant. From visa-free European travel and quality healthcare to a chance at citizenship after long-term residency, the program offers more than just a residence permit. For those seeking a base in Europe with the cultural and lifestyle appeal of the Mediterranean, it remains one of the most attractive options available.

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