Greece Enhance GV Monitoring

Authorities in Greece intend to enhance the oversight of investments under its Golden Visa Program.

According to a recent decision by the Ministries of Development and Immigration and Asylum, new terms and conditions for granting and monitoring investments have been established, as reported by Schengen.News.

Greece's Golden Visa Program allows non-EU nationals to obtain residency by selecting one of the investment options offered by the program.

Once a residence permit is granted, the Foreign Direct Investment Directorate of the Ministry of Development oversees the investment. If an investor fails to comply with the terms and conditions, authorities may revoke their residence permit.

New Changes in the Submission Process

A report from D group outlines that the main changes involve the application submission process, which unfolds in the following phases:

An investor can enter Greece with a visa or already possess valid residence status. If they are outside Greece, they can authorize a legal representative through a power of attorney issued at a consulate or other relevant authority abroad, certified with an apostille.

The applicant submits the residence permit application to the Ministry of Immigration and Asylum, along with documents such as proof of investment and details of family members joining them.

The Residence Permits Directorate reviews the formal completeness of the application, then sends it electronically to the Ministry of Development’s Foreign Direct Investment Directorate for verification that the investment meets the criteria specified by Law 5038/2023.

The Ministry of Development checks if the investment complies with Greek legislation. Once approved, the investor submits a new application to the Residence Permit Directorate for the issuance of the residence permit. This application is submitted electronically through the Ministry of Immigration’s electronic services, along with additional required supporting documents.

After the residence permit is issued, the Foreign Direct Investment Directorate of the Ministry of Development continues to monitor the investments. If the investor does not meet the requirements, authorities may revoke the residence permit.

Greece’s Golden Visa Program is among the most renowned programs of its kind in Europe. Interest in this scheme surged following Spain’s announcement to terminate the program on April 3, 2025, and Portugal’s earlier decision to remove the real estate investment option from this scheme.