Residency Obligations, Physical Presence & Exemptions

‍

Greece’s Golden Visa is uniquely attractive for global investors due to its no minimum physical presence requirement. This distinguishes it from residency programs in countries such as Spain or Italy.

‍

Residence Maintenance Requirements

‍

Once granted, the residence permit is valid for five years and renewable indefinitely, so long as:

• The qualifying investment is maintained
  
• The holder has no criminal convictions in Greece or the EU
  
• The investor continues to hold valid health insurance
  
  

There is no need to reside in Greece or even spend a minimum number of days per year. This allows maximum flexibility for HNWIs managing businesses and residences in multiple jurisdictions.

‍

Physical Presence for Citizenship Eligibility

‍

Physical presence becomes critical only if the investor intends to apply for Greek citizenship. In that case, the applicant must:

‍

• Reside in Greece legally for seven consecutive years
  
• Demonstrate continuous presence of at least 183 days per year
  
• Show integration via language proficiency (Greek A2+), cultural knowledge, and social ties
  
  

Authorities verify physical presence through tax filings, utility bills, and enrollment in public systems such as healthcare or schooling. Applicants must be diligent in maintaining records to satisfy future naturalization reviews.

‍

Exemptions & Limitations

‍

While the law provides flexibility for initial and ongoing residency, it does not waive physical presence requirements for naturalization. There is no fast-track to citizenship based solely on investment, and applicants cannot bypass civic or language obligations—even if they exceed the minimum investment threshold.

‍

For those seeking EU citizenship within a short timeframe, alternative jurisdictions like Portugal (before reforms), Malta, or Austria may be more suitable—though they come with stricter vetting and higher entry costs.

‍