Golden Visa Greece offering residency without citizenship.

Launched in July 2013 the Greek golden visa program grants a five year residency visa in return for an investment in real estate. There is no minimum stay requirement and children up to the age of 21 are included in the family application. The visa is granted for five years and renewed every five years if the property investment is retained. It is not necessary to live in the country in order to retain and renew the investor visa. However citizenship can only be granted after seven years of residency.

Investors in real estate in Greece must also budget for the additional taxes on real estate at 24%. However at €250,000 + taxes and fees (just over €300,000 in total) this program offers the lowest cost to residency in Europe. The Greek residency program is relatively fast, taking around 40 days until a residency card is issued. There are also favorable family rules for dependents.