Greece has expedited its Greece Golden Visa process, cutting approval times from 20 months down to only 3 months.

This enhancement comes after opening a new office in Athens and reallocating applications among regional authorities for quicker and more efficient processing.

Streamlined Processing:

• Processing time reduced from 20 months to 3 months through strategic improvements
• New dedicated office established in Athens
• Applications now distributed across multiple regional offices
• Alexandroupoli office in northern Greece noted for particularly efficient processing
• Important: Permit renewals must be processed in same region as initial application

Investment Tiers:

1. Premium Tier: €800,000
   • Highest investment threshold
   • Provides maximum flexibility in property selection
   • Access to prime real estate markets in major cities
2. Mid-Range Tier: €400,000
   • Balanced investment option
   • Suitable for mixed residential and commercial investments
   • Popular in developing urban areas
3. Entry Tier: €250,000
   • Most popular choice among investors
   • Focus on property conversion projects
   • Excellent opportunity for value appreciation

Property Conversion Opportunities:

• Industrial, commercial, and office spaces eligible for residential conversion
• Typical conversion projects:
  • Original size: 50-60 square meters (office space)
  • Converted size: 35-50 square meters (residential units)
  • Aligns with government urban renewal initiatives
  • Targets underutilized properties in former industrial zones
  • Contributes to neighborhood revitalization

Strategic Benefits:

• Government backing for urban renewal projects
• Potential for property value appreciation through conversion
• Contribution to local community development
• Access to EU residency through real estate investment
• Flexibility in property type selection and development options