The Greece Golden Visa: A Guide for Iraqi and Gulf Families

The property Golden Visa is a Greek residence permit for eligible non-EU investors. It can suit families who want to own a home in Greece while retaining their existing home base, but the property and every applicant must meet the relevant conditions.

What are the property investment thresholds?

The standard routes require €800,000 in Attica, the regional units of Thessaloniki, Mykonos and Thira (Santorini), and islands with more than 3,100 inhabitants according to the latest census; elsewhere, €400,000. Both require one property and at least 120 m² of main spaces for built property or property with a building permit. Special €250,000 routes exist for qualifying changes to residential use and listed-building restoration.

Can a €250,000 property in Athens qualify?

Yes, through a qualifying change-of-use or listed-building restoration route. An ordinary apartment does not qualify simply because it costs €250,000. For conversions, the change to residential use must be completed on or after 5 April 2024 and before the application. Ask for the engineer’s evidence and the notarial eligibility documentation for the exact unit.

How does listed-building restoration differ from conversion?

Restoration is a separate €250,000 route involving a qualifying listed building or property covered by that category. Full restoration or reconstruction must be completed before the first renewal application. Transfer before completion is prohibited. The 120 m² minimum does not apply to either special route; their other conditions still do.

Which family members can apply?

The investor’s spouse or recognised civil partner, qualifying unmarried children under 21, and the direct ascendants (parents) of the investor and spouse or partner can apply. Children from a previous relationship require the applicable custody evidence. A separate exception covers qualifying adult children who lack legal capacity, subject to formal proof. Each person needs a separate application, insurance and supporting documents; family permits are linked to the investor’s permit.

Where can I travel with the residence card?

A valid Greek residence permit and passport generally allow short visits to other Schengen countries for up to 90 days in any rolling 180-day period, combined across those countries, subject to entry conditions. Time authorised in Greece is separate. This is not permission to move to or work in another country, and it does not cover every European destination.

Must I move to Greece or visit every year?

There is no minimum stay for maintaining this investor permit. It is normally issued for five years and can be renewed for equivalent periods while the qualifying investment and other conditions are maintained. Renewal still requires an application and evidence; it is not automatic.

Does the Golden Visa allow work in Greece?

The property investor permit does not grant access to employment. Ownership of investments should not be confused with permission to perform work, manage daily operations or provide services. A different permit may be available if you qualify. Obtain advice on the exact activity before starting.

Does buying an eligible property guarantee approval?

No. A qualifying investment is one requirement. The authorities also examine the applicant and the application evidence. Before committing funds, agree what the contract says about legal defects, incomplete conversion, missed deadlines and refusal. Nexora coordinates the process; the Greek authorities decide the application.