Greece has issued significant number of permanent residence permits under the Greek golden visa program for investment. According to the new report published by migration authorities in Greece as of Jul 2022, below is a quick summary

Quick summary

  • A total of 1,152 initial permits for investors as of Jul 2022
  • Pending applications (773) slightly lower than previous year.
  • Zero refusal rate for the current year
  • Top nationalities applying are China, Russia and Turkey
  • Attica decentralized authority has more pending applications since 2018.

Requests for Permanent Investor-Golden Visa Permits (Initial Grants) by Application Year (2018-2022)

Filed Year Initial Permits Refused Pending Total
2018 1937 18 28 1987
2019 3943 49 92 4091
2020 1301 11 334 1647
2021 1117 4 886 2007
2022 429 0 723 1152

Source: Migration office statistics (as of Jul 2022)

Golden Visa (Initial issuance) by month of application (Jan 2022 – June 2022)

Initial Grants Total
Jan 22 135
Feb 22 184
Mar 22 246
Apr 22 167
May 22 157
Jun 22 263

Valid Permanent Investor Residence Permits (Golden Visa)

Top countries Investors Family
China 5949 11316
Turkey 587 969
Russia 431 834
Lebanon 341 769
Egypt 229 342
Iran 229 497
Iraq 123 279
USA 121 201

Under the Greek Golden visa program, Decentralized authorities in Greece issue permanent residence permit for five years, under the following conditions

(a) He has entered the country legally with any entry visa or resides legally in the country even if the residence
permit he holds does not allow a change of purpose,

(b) He personally owns, by full ownership, jurisdiction and possession, immovable property in Greece

c) Has full ownership, jurisdiction and possession of immovable property in Greece

d) Has entered into at least a ten-year lease of hotel accommodation or tourist furnished houses in complex
tourist accommodation or a timeshare contract

(e) Acquired by full ownership and jurisdiction as an intestate or testamentary heir or as a consequence of
parental provision, immovable property with an objective value of two hundred and fifty thousand (250,000) euros,
and is an adult.

The above permit can be renewed for an equal duration, each time, as long as the immovable property remains in the ownership and jurisdiction of the citizen of a third country or its contracts remain in force. Periods of absence from the country do not constitute an impeding reason for the renewal of the residence permit