How a British Family Secured a Long-Term Future in Greece, Including Their 18-Year-Old Son

Most residency-by-investment programmes impose rigid age limits for dependents, often requiring adult children to apply separately once they cross the threshold. In Greece, this limit is 21 (compared to 25 in Cyprus). Once exceeded, families face significantly higher costs, additional legal complexity, or the need to restructure their entire immigration plan.

In late 2024, Harriet, a UK-based digital marketing consultant with a remote career, approached Astons with a clear objective: to secure Greek residency for herself and her 18-year-old son, Oliver.
While Oliver was currently eligible to be included under the family provision of the Golden Visa, Harriet was focused on long-term efficiency. She sought a forward-thinking structure that would remain valid even after Oliver turned 21, avoiding the need for future restructuring or separate applications.

Beyond residency logistics, Harriet was also driven by broader strategic goals. Rising living costs in the UK and growing tax burdens had led her to consider a European “Plan B” – a more stable, accessible future abroad. Greece stood out not only for its practical appeal, but also for its emotional resonance: a country she had long admired for its vivid landscapes, timeless history, and Mediterranean lifestyle.

At the same time, Oliver was exploring academic and internship opportunities across Europe. Residency status would greatly simplify cross-border planning, opening doors to future education, work, and lifestyle opportunities within the EU.

Astons’ legal team proposed a bespoke solution that leveraged the flexibility of Greek immigration law.
Under the Golden Visa framework, the principal applicant and legal owner of the property can be any qualifying individual, regardless of who finances the transaction.

With this flexibility in mind, the property was acquired in Oliver’s name, positioning him as the principal applicant. Harriet was legally included as a dependent parent, a structure fully compliant with programme guidelines and ideal for their long-term goals.

This structure ensures continuity: even after Oliver turns 21, he can renew the residence permits for both himself and his mother, provided he retains ownership of the property.
The family secured long-term EU residency through a single, efficient application, eliminating the need for future administrative complexity. In time, Oliver will also have the option to include a spouse and children in subsequent renewals.

Eligible Family Members Under the Greek Golden Visa:

• Principal applicant and their spouse
• Children under the age of 21
• Parents of the applicant or spouse

The family selected a stylish, modern apartment on the upper floors of a centrally located building in Athens, complete with a terrace and direct views of the Acropolis.

They were drawn to the vibrancy of city-centre living, while still enjoying close proximity (20–30 minutes) to the beaches and luxury offerings of the Athens Riviera and Glyfada.

Purchased with long-term rental in mind, the apartment is projected to deliver a gross annual yield of approximately 4%. Demand in central Athens remains strong, driven by a combination of international students, tourism, and the growing population of remote professionals.

Project Timeline Overview

• Initial property search & legal review: 1 week
• Visit to Athens & property viewings
• Purchase & registration: within 10 business days
• Online submission of residency application: immediately post-registration
• Approval timeframe: approx. 4 months
• Biometrics appointment & card issuance: completed within weeks

Golden Visa Greece: Investment Summary

• Minimum Investment: €250,000 (applies to converted commercial-to-residential properties)
• Property Price: €270,000
• Transfer Tax (3.09%): €8,343
• Cadastre Registry Fee (0.6%): €1,620
• Notary Fees (~1.5%): approx. €4,050
• Immigration Fees: €2,150 (for both applicants)
• Residence Card Fees: €16 per person
• Private Health Insurance: approx. €300
• Astons Legal Support: Individually tailored

Harriet and Oliver were granted Greek residence permits in under six months, securing full access to the privileges of EU residency.

With keys in hand to their centrally located Athens apartment and panoramic views of the city, they are now preparing to generate long-term passive income in euros, while enjoying the freedom and flexibility of life in the EU.

Astons offers bespoke solutions tailored to complex family structures and long-term generational planning. Whether you’re seeking mobility, financial flexibility, or a safe future abroad, our expert team will guide you through every step, from investment strategy to residency execution.