The Greek government implemented the Greece Residency Program in 2013 to encourage foreign direct investment into Greece. This has drawn a pool of foreign investors who have benefitted from this residency route and also contributed needed funds to the Greek economy, supporting its economy.
It is imperative that the main applicant/investor can demonstrate :
- A clear criminal record from their home country and any other places they have been residing in prior.
- Proof of medical insurance to cover any expenses during their time in Greece.
The investor shall invest EUR 250,000 in a property in Greek mainland and/or the islands. This is one of the lowest investment amounts, making this a highly attractive residency program in comparison to others in the European Union/European Economic Zone.
The investor may invest in various properties summing up to the minimum investment or they can contribute to another investment property with another applicant (e.g. 2 investors in a EUR 500,000 property). The property may be residential or commercial.