The Portugal D7 Visa offers a path to Portuguese residency - without investment.

To date, over 10,000 Golden Visa applicants chose the Greek program as their Plan B. Discover the reasons why below.

Greece Golden Visa Program: Everything You Need To Know

As of October 2022, applicants can choose between the following program price points:

  • €250K: Real Estate Purchase, 10 Year Lease or Time Share Agreement

    IMPORTANT: As of January 2023 – exact date to be confirmed – the minimum Golden Visa purchase requirement for properties located in Athens and Thessaloniki will be increasing from €250K to €500K.

    So if securing a Greek Plan B in either of these two cities is on your to do list, you need to contact us and schedule an appointment today.

  • €400K: Term Deposit, Real Estate Investment Company, VC Company, Greek Treasury Bonds, Mutual Fund Shares, Alternative Investment Fund Shares

  • €800K: Corporate Bonds Or Shares

Below, we highlight all of the Greek Golden Visa investment options for 2023, and compare the program to one of its key competitors, the Portuguese Golden Visa program (€200K Cultural GV and €280K Property GV options).

What are the Greek Golden Visa options for 2023?

NOTE: While the Greek PM has announced a price increase for their Golden Visa program, effective January 2023, it has not yet been officially confirmed whether the increase will apply to Athens and Thessaloniki  based residential property only, or to ALL Greek properties purchased under the program.

Industry insiders familiar with the matter  indicate that this will in fact happen – similar to the latest changes implemented to the Portuguese Golden Visa program, which exclude residential properties in Lisbon, Porto, the Algarve region, etc.

GREEK REAL ESTATE – ANYWHERE, ANY AGE

€250,000+ (~$249,000)

10 YEAR REAL ESTATE LEASE AGREEMENT

€250,000+ (~$249,000)

CAPITAL CONTRIBUTION TO VENTURE CAPITAL COMPANY

€400,000+ (~$398,000)

TERM DEPOSIT – GREEK CREDIT INSTITUTION

€400,000+ (~$398,000)

CAPITAL CONTRIBUTION TO REAL ESTATE INVESTMENT COMPANY (REIC)

€400,000+ (~$398,000)

PURCHASE OF CORPORATE BONDS OR SHARES

€800,000+ (~$796,000)

PURCHASE OF GREEK TREASURY BONDS

€400,000+ (~$398,000)

PURCHASE OF MUTUAL FUND SHARES

€400,000+ (~$398,000)

PURCHASE OF ALTERNATIVE INVESTMENT FUND (AIF) SHARES

€400,000+ (~$398,000)

 Greek Golden Visa (including new program pricing changes) vs Portuguese Golden Visa Options (2022/2023 – Cheapest Property and Cultural Production Options)

Program Consideration Greece Golden Visa – Property 2022 Greece Golden Visa – Property 2023 Portugal Golden Visa – 280K Property – 2022/2023 Portugal Cultural Production Golden Visa – 2022/2023
Program pricing €250K (Any property – residential, commercial or land – of any age, located anywhere in Greece) €250K (Any property, of any age, outside of Athens and Thessaloniki); OR;

€500K (Any property, of any age, in Athens and Thessaloniki)

€280K (Qualifying properties, older than 30 years, situated in low density areas (NUTS III), e.g. outside of Lisbon, Porto, the Algarve and most of the coastal areas of Mainland Portugal); €250K (Standard Rate Cultural Production Projects – Urban Areas);

OR;

€200K (Reduced-rate Cultural Production Projects – Low-Density Areas).

Typical yield 4-6% p.a. 0-4% 1.5-2.5% p.a. 4% p.a. (Guaranteed)
Minimum hold period 5 years 5 years 5 years Typically 5 years, but earlier exit possible (subject to penalty).
Legal basis / Official program guidance Greek “Golden Visa” Law 4251/2014 – Permanent Residency Permit for Investors TBC Ordinance No. 305-A / 2012;

Law No 23/2007;

Regulatory decree No. 84/2007;

Portuguese Nationality Act No. 37/81 of 3 October;

Governmental program guidance;

Order no. 2360/2017 of 20 March;

Law no. 63/2015 of 30 June

Governmental program guidance

Application submitted by government entity No No No Yes
Typical application timeline to  3-4 Months 3-4 Months 12-18 Months 10-12 Months
Path to permanent residency / citizenship Yes Yes Yes Yes
Minimum in-country presence requirement None None On average 7 days per year during temporary residency period (first 5 years) On average 7 days per year during temporary residency period (first 5 years)
Language testing requirement for temporary residency No No No No
Family eligibility Yes Yes Yes Yes
Timeline to citizenship and a passport After 7 years After 7 years After 5 years After 5 years
Health insurance required Yes Yes Yes Yes
Government pre-approval step before capital is committed No No No Yes
Local tax number required Yes Yes Yes Yes
Start process from home Yes Yes Yes Yes
Are Russians currently eligible to apply? No No No No
Local employment allowed? No, unless you set up your own business No, unless you set up your own business Yes Yes
Can I pay for this Golden Visa using crypto? No No Yes (convert your crypto to fiat via Bison Bank) Yes (convert your crypto to fiat via Bison Bank)
Visa-free travel access to Schengen Area? Yes Yes Yes Yes
Language and /or cultural exam required for naturalization? Yes (The Panhellenic exam is conducted in Greek, with a minimum required pass rate of 80% to obtain the “Certificate of Adequacy of Knowledge for Naturalization (PEGP)”. Yes (The Panhellenic exam is conducted in Greek, with a minimum required pass rate of 80% to obtain the “Certificate of Adequacy of Knowledge for Naturalization (PEGP)”. Yes (Portuguese A2 Level CIPLE exam  – Certificado Inicial de Português Língua Estrangeira. No cultural knowledge test applicable)  Yes (Portuguese A2 Level CIPLE exam  – Certificado Inicial de Português Língua Estrangeira.  No cultural knowledge test applicable)
Government pre-approval step, and authorizing entity  No / NA No / NA No / NA Yes (GEPAC – Portuguese Ministry of Cultural Affairs)
Principal guaranteed Generally not Generally not Only on some options Yes
Residency permit validity 5 years 5 years 2 years (first permit), then 3 years (second permit) 2 years (first permit), then 3 years (second permit)

Benefits of The Greek Golden Visa program

ENJOY EU (SCHENGEN) VISA-FREE TRAVEL

Enjoy freedom of movement across the entire Schengen area.

DIVERSIFY YOUR REAL ESTATE HOLDINGS

Benefit from exposure to the thriving Greek property market in 2023 and beyond.

GET THE FASTEST EUROPEAN GOLDEN VISA

Get your flexible Greek Plan B residency in just 3 to 4 months

NO MINIMUM STAYS

Unlike with Portugal’s Golden Visa, there are no in-country presence requirements with the Greek Golden Visa.

ENJOY HIGH ROI

Greek properties in Athens and Thessaloniki can deliver yields of 4-6%.

FAMILY ELIGIBILITY 

Bring your spouse, your children under 18, and both your sets of parents.

The application and renewals process at a glance

D7 Visa TrustPilot Reviews

See what our clients say on TrustPilot.

  1. Contact us and book a discovery call with your case consultant

  2. Sign term sheet and commence application process

  3. Initial client due diligence screening

  4. Purchasing of real estate / eligible capital transfer

  5. Compilation of client case file and supporting documentation

  6. Submission of client application to the Greek authorities.

  7. Receipt of approval notification, and residency cards issued.

  8. Renewal of residency card every 5 years, OR citizenship application after year 7.

Why choose to work with us?

✓ A track record of success – over 350 immigration clients successfully assisted.

✓ A 1-stop shop for Golden Visas – Property, GV Funds, Artistic Production Funding, etc. ).

✓ Trusted service provider relationships in Athens and Thessaloniki.

What our clients are saying about us…

D7 Visa Google Reviews
D7 Visa Portugal TrustPilot Reviews
D7 Visa TrustPilot Reviews
D7 Visa Portugal TrustPilot Reviews

Secure your Plan B with a Greek Golden Visa from only €250,000.

Contact us today to beat the 2023 price increase – you still can!

Simply complete the below form and one of our expert consultants will get back to you.We look forward to being of service and helping you make your Portuguese Plan B dreams a reality.

    Greek Golden Visa overview compiled by…

    Andre Bothma Author
    Born in Cape Town, South Africa, Andre is a seasoned digital entrepreneur with extensive experience working in the demand-side of the Residency and Citizenship By Investment industry. Having identified a gap in the market for affordable European immigration solutions outside of Golden Visas, he launched D7 Visa to help more foreign individuals and families settle in Europe without the need for property investment. He is also one of the earliest global promoters of the HQA Visa Program. Andre spends half his time in Porto, Portugal.
    follow me