Greece has been a Member of the European Union since 1981 and the Schengen Area since 2000.

The Golden Visa programme was introduced in 2014 as a mechanism to attract foreign investment. We are expecting their citizenship programme to be announced in the coming months.

It is worth noting that applications are processed in under 2 months and renewals of residency permits are only required after 5 years. Unlike Portugal, there is no language test required to qualify for citizenship.  While the Greece Golden Visa programme may not be as well known among South African investors, it offers very similar benefits to the Portuguese Golden Visa Programme, with fewer obstacles.

Greece Golden Visa
Citizenship Leads to Citizenship after 7 years
Immigration Rights Freedom to live and work in Greece.
Visa-free travel through the EU.
Processing Times 2 Months
Investment Requirements Purchase of property or plot of land EUR 250,000
Or signing of 10 year time-share lease to the value of EUR 250,000
Or €400,000 investment in Greek government bonds/ or a Greek bank/registered investment fund
Family Children under the age of 24 years old and parents can be included
Residency Requirement No residency requirement
Application Process Renewable after 5 years
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