Greece Retains Real Estate Golden Visa, Adds €250,000 Startup Option, Contrary to Recent Reports

Recent media speculation about the elimination of Greece's real estate golden visa option has proven unfounded, as Greece introduces a new startup investment option to attract more investors. The country's Draft Budgetary Plan for 2025, submitted to the European Commission, clearly indicates that the program will only be expanded to include new investment pathways.

Startups Added to Greece's Golden Visa Real Estate Options

The newly proposed startup option, announced by Prime Minister Kyriakos Mitsotakis in September 2024, will require a €250,000 investment in startups registered with Elevate Greece. Investors must limit equity participation to 33%, create two new jobs within the first year, and maintain the increased workforce for five years.

The established real estate investment thresholds remain in place:

• €800,000 for prime locations (Attica, Thessaloniki, Mykonos, Santorini, and larger islands)
• €400,000 for other regions
• €250,000 for commercial-to-residential conversions and listed building restorations

With the government holding an absolute majority in Parliament, the bill is expected to pass without significant modifications when it comes to vote next week, with implementation likely by year-end.

Contact Savory & Partners to learn more about Greece's golden visa options.