Greece Permanent Residency - 2023 Update

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Greece Golden Visa Changes 2023

While the investment threshold for the Greece Golden Visa remains one of Europe’s most competitive at €250,000 in select areas, it will rise to €500,000 in municipalities like Athens, Thessaloniki, Mykonos, and Santorini starting July 31st, 2023.

These 2023 modifications to the Greece Golden Visa are designed to prioritize local affordability. However, they’ve also prompted foreign investors to expedite their applications to capitalize on the existing €250,000 limit before the increase.

In the affected regions, the €500,000 investment must be allocated to a single property. Conversely, in areas unaffected by this change, investors can distribute their investment across multiple properties, provided the combined value meets or exceeds €250,000.

For investors who’ve made a deposit equivalent to 10% of a property’s total value in the designated areas before July 31st, 2023, they can still avail of the €250,000 scheme, provided the final contract is sealed by December 31st, 2023.

If an agreement for a chosen property falls through, investors retain the option to redirect their investment to an alternative property under the €250,000 framework, as long as the deal is finalized by December 31st, 2023.

Mobility and Freedom

When you invest in property and apply for Permanent Residency you and your family have the right to live freely in Greece, or you can continue use the permit whenever you need it and continue to live where you choose.

Greece is a superb base for traveling throughout Europe and the rest of the world with excellent flight connections. As a PR holder, you are able to enjoy the same health and education rights as Greek nationals in addition living in Greece gives you a high quality of life, an outdoor social sphere and access to international private schools and universities.

Greece Permanent Residency also gives you access to the EU. An an EU citizen you are free to live, work, travel, receive healthcare or pursue education anywhere within the EU member states. In fact, travel benefits extend way beyond Europe with Greek passport holders being able to travel visa-free to an extensive list of countries included in the Schengen zone.

An Attractive Lifestyle

In addition to the beautiful Mediterranean climate and many islands to visit, sports, culture and outdoor social life are part of what makes Greece a great place to live! Greek life is centered on family and friends, being social is part of the Greek culture and heritage. Whether it’s spending the morning at the coffee house or people gathering in village squares to listen to live music, life here is about connecting with people and enjoying time together.

Greece is also a very affordable place, especially when compared to North America and much of the rest of Europe. Prices for daily essentials (food, transport, etc.) are at least 20% cheaper.

Athens, Greece

ILISO SUITES

There are just a handful of new developments at the heart of the Athens, which makes Iliso Suites an ideal investment. These 56 contemporary two-bedroom apartments are situated in an ideal location between the heart of the city and the Athens Riviera, with a VAT saving of 24% now is the ideal time to invest.

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