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B.5 — Golden Visa - Real Estate Investment (Χρυσή Βίζα Ακίνητης Περιουσίας - B.5)
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B.5 — Golden Visa - Real Estate Investment (Χρυσή Βίζα Ακίνητης Περιουσίας - B.5)

Investment PR PathwayThis visa can lead to permanent residency, the right to live and work here indefinitely without renewing your visa. Dependents Allowed Remote Work

At a Glance

Processing Time

2–6 months

Estimated Cost

From EUR €2,000

Other charges may apply

Stay Duration

5 years

Renewable

Renewal

Renewable

Family

Dependents allowed

PR Pathway

Yes

Sponsor

No job offer needed

Work

Remote work OK

Official Information

Overview

Five-year renewable Greek residence permit for non-EU investors buying real estate from EUR 250,000 to EUR 800,000, no minimum stay.

Greece's Golden Visa (Type B.5) is a five-year renewable residence permit by real estate investment under Law 4251/2014 (amended by Law 5100/2024). From 31 August 2024 the threshold is EUR 800,000 in Zone A (Attica, Thessaloniki, Mykonos, Santorini, islands over 3,100 population) and EUR 400,000 elsewhere; conversions and listed-building restorations keep a EUR 250,000 floor.

Property must be at least 120 sq.m, and short-term rentals on Golden Visa real estate are prohibited (long-term leasing is allowed). The permit grants Schengen-wide travel and covers spouse, children under 21 and dependent parents, but does not authorize employment in Greece. Applications go to the local Decentralized Administration; fees are EUR 2,000 plus EUR 16 card.

This visa is ideal for high-net-worth families and retirees seeking a low-touch European base, and investors holding Greek property long-term; with no minimum-stay rule it acts as a Schengen access permit pending citizenship after 7 years.

Cost Breakdown

Application e-paravolo (main applicant)EUR €2,000
Residence permit card printing fee (per person)EUR €16
per person
TotalEUR €2,000

Conversion Paths

Visas you can typically switch to from this status.

G.1 — EU Long-Term Resident Permit (Άδεια Επί Μακρόν Διαμένοντος - G.1)
Greece flagGreece

G.1 — EU Long-Term Resident Permit (Άδεια Επί Μακρόν Διαμένοντος - G.1)

ValidityIndefinite
Processing6 months – 1 year
View Visa Details

Requirements

PUBLISHED REQUIREMENTS

Non-EU/EEA citizenship (age 18+)

Qualifying real estate investment: EUR 800,000 in Zone A (Attica, Thessaloniki, Mykonos, Santorini, islands with population over 3,100); EUR 400,000 elsewhere

EUR 250,000 alternative threshold for restoration of listed historic buildings or conversion of commercial buildings to residential use

Residential property of at least 120 sq.m (single property if EUR 400,000/800,000 path; combinable if conversion/restoration path)

Full purchase price paid via Greek bank transfer before application

Valid private health insurance covering Greece

Clean criminal record certificate

Valid passport and (where required) a national entry visa (Type D)

KEY CRITERIA

Investment

800,000 EUR

REQUIRED DOCUMENTS

Valid passport (certified copy)

Notarized property purchase deed with land registry / cadastre entry

Bank documentation proving full purchase price transferred via Greek bank

Four recent passport photographs (40x60 mm) plus digital JPEG 2000 copy

Valid private health insurance covering Greece

Clean criminal record certificate (apostilled / certified)

Medical certificate confirming no public health risk

Tax number (AFM) registration

Application form for Permanent Residence Permit (Type B.5)

Proof of payment of EUR 2,000 application e-paravolo and EUR 16 card fee

Advantages & Considerations

Key Benefits

  • No minimum stay requirement to maintain the residence permit
  • Includes spouse, children under 21 and dependent parents on a single application
  • Visa-free travel across the Schengen Area
  • Five-year permit, renewable every 5 years while investment is held
  • EUR 250,000 entry point for historic restorations and commercial-to-residential conversions
  • Path to Greek citizenship after 7 years of legal residence (with language test)

Worth Knowing

  • Threshold raised to EUR 800,000 in Attica, Thessaloniki, Mykonos, Santorini and large islands (since 31 Aug 2024)
  • Residential property must be at least 120 sq.m
  • Short-term rentals (e.g., Airbnb) on the qualifying property are prohibited
  • Does not grant the right to work as an employee in Greece
  • Investment must be held continuously to retain the permit
  • EU/EEA citizenship (program is for third-country nationals only)
  • Inability to fund the full qualifying investment in cash via a Greek bank wire
  • Unresolved criminal record disclosure

Application Process

1

Obtain a Greek tax number (AFM) and open a Greek bank account

2

Identify qualifying property in the applicable zone (Zone A EUR 800,000 / other EUR 400,000 / special EUR 250,000 cases)

3

Sign the purchase contract before a Greek notary and transfer the full purchase price by bank wire

4

Register the deed at the local Land Registry / Cadastre

5

Apply for the Type B.5 Permanent Residence Permit at the local Decentralized Administration (or via the e-residence portal)

6

Submit biometrics and the required supporting documents (passport, deed, health insurance, criminal record, photos)

7

Receive a blue receipt confirming legal stay while processing

8

Collect the five-year residence permit card once issued

Application Forms

Application for Permanent Residence Permit for Investors (Type B.5, Article 20B Law 4251/2014)Fill online

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