Under Article 91 of Law no. 5007/2022, Article 20B of Law no. 4251/2014 was amended, increasing the minimum investment limit for obtaining the GOLDEN VISA permit to 500,000 euros, concerning an investment in a single property and only in specific areas of the country.

Namely, these areas are:

-Regional Units of the Northern, Central and Southern sectors of Athens

-Municipality of Vari- Vouliagmeni in the Region of Attica

-Municipality of Thessaloniki, Central Macedonia Region

-Regional Unit of Mykonos

-Regional Unit of Santorini

However, under Article 92 of Law no. 5007/2022, as in force today, in case that the investor proceeds in depositing, at least 10% of the property selling price until 31.07.2023, through a notarized preliminary agreement, or with a certified date private agreement, then the minimum investment limit even for the aforementioned specific areas, is set at 250,000 euros and may concern one or more properties, with the necessary prerequisite that the aforementioned investment is complete until 31.12.2023.

In all other regions of the country, the minimum investment limit remains at the amount of 250,000 euros and may concern one or more properties.

• He can stay legally in Greece throughout the validity period of his residence permit
• He can travel to other Schengen countries for up to three months per semester.
• He has access to health and education services, just like Greek citizens

Law 4251/2014 states that from the moment the biometric examinations have been succesfully completed, the examination period takes two (2) months, but in practice and depending on the Region where the investor's file will be submitted, the examination time can many times exceed six (6) months. During the whole examination period, the applicant has the right to stay legally in Greece.

Βy way of derogation of par. 1, sub-paragraph a' of article 20B of Law 4251/2014, which expressly refers to an entry visa prior to the investor’s golden visa application, he is permitted to submit an application for the acquisition of the residence permit prior to his entry in Greece, through a power of attorney document, which has either been drawn up and validated before a Greek consular authority or has been drawn up by a foreign authority or a foreign notary and bears the The Hague Stamp (APOSTILLE) and with the express condition that the investor and/or his family members, enter Greece and submit the necessary biometric data, within a period of twelve (12) months, starting from the submission of the application

Yes, with the necessary condition that he stays legally and permanently in Greece for at least seven (7) years, prior to his application for Greek Citizenship and that he also meets the conditions mentioned in the Greek Citizenship Code (L. 3284/2004).

The investors’ family members are also entitled to the same benefits of individual residency permit by submitting an individual application which could be renewed or either expired at the same time with the owners residency permit of the property.

No, but he/she can be entitled as a shareholder, member of a management board of a company or the Managing Director.

Yes it can renewed every five years, for as long as the main applicant retains ownership of the property and also with the necessary prerequisite that he will apply for renewal, at least two months prior to his residence permit expiration date

Νο, Law 4251/2014 expressly refers that long periods of absence from Greece, for the investor or/and his family members, do not affect their ability to renew their residence permit, with the necessary prerequisite that the investor, retains ownership of the property.

No, there are more potential alternatives to be considered:

-timeshare of 10 years duration, or

-holiday leasing agreements of hotel accommodation or furnished dwellings on complex tourist accommodations with at least 10 years duration

in accordance with the Greek Legislation 4251/2014

Yes as far as 100 % of  the company's  shares, are  owned by the main  applicant