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Indian Investor and Family Obtain Greek Golden Visa via Piraeus Property Investment

Program

Greece

Timeline

6 months

Investment

€528,464

Family Size

4 person

Names and photos have been changed to protect client privacy.

Case study by an Astons expert

Susanna Uzakova

Susanna Uzakova

Senior Citizenship & Residency Advisor

Contents

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Susanna Uzakova

Susanna Uzakova

Senior Citizenship & Residency Advisor

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European residency is a practical tool, providing freedom of movement, access to banks, and business partnerships.

Rahul M.

Entrepreneur , UAE

PROFILE

Entrepreneur & Family

Main Applicant 45 y.o.
Spouse 42 y.o.
Parents 64, 68 y.o.

goals

Client Requirements

  • EU residency & mobility
  • Liquid real estate investment
  • Residency for parents

Client Situation

In spring 2024, an Indian entrepreneur based in Dubai approached Astons to secure EU residency through real estate investment. His objectives were:

  • Obtain Greek residency for himself, his spouse, and elderly parents.
  • Invest in a property with strong liquidity and rental potential.
  • Maintain UAE tax residency with minimal physical presence requirements in Greece.

The client required a program that allowed rental income and offered flexible residency conditions, ensuring both family security and strategic business mobility.

Solution

The Greek Golden Visa program provided the optimal solution. It offers:

  • Flexible tax regulations and minimal residency requirements.
  • A reliable, well-established residency-by-investment framework.
  • Access to a real estate market with strong capital appreciation and rental potential.

At the time of application, Greece was preparing to raise minimum investment thresholds, particularly in Piraeus. Acting quickly was essential to secure a qualifying property at the optimal price.

Astons, recognised by the European Property Awards 2024-2025 as the top real estate agency in Greece, works exclusively with licensed and vetted property developers. From our curated portfolio, the client selected a fully finished apartment in Piraeus – a fast-growing suburb of Athens known for strong property demand and long-term growth potential.

Step-by-Step Process of Obtaining Greek Residency With Astons

1. Consultation With Astons Immigration Specialist
Within 24 hours, Rahul’s eligibility was confirmed, including the inclusion of his spouse and parents. Greece requires strict due diligence and proof of lawful source of funds; our assessment ensured maximum approval chances.

2. Property Portfolio Preparation
Astons presented a curated portfolio of new, high-quality, business-class apartments. Rahul selected a fully finished and equipped unit in a gated Piraeus development which is ideal for rental and long-term capital growth. A 10% deposit secured the property.

3. Document Preparation
Using a power of attorney, Astons’ Greek attorney signed the purchase agreement at the notary. Rahul was able to complete the purchase remotely, without travelling to Greece.

4. Application Submission
Once the property, taxes, government fees, and medical insurance were in order, Astons submitted the residency application electronically.

5. Processing and Approval
The application was processed promptly. After developer confirmation of payment, approval took approximately 10 days.

6. Issuance of Temporary Entry Permit
The family received the “White Paper”, a temporary entry permit, granting up to one year to travel to Greece and complete biometrics.

7. Biometrics Appointment
The family visited Greece to provide fingerprints and photos (mandatory for all applicants over six years old).

8. Residency Card Issuance
Six months after the property purchase, Astons’ attorney collected and shipped the 5-year renewable residency cards to Dubai. All four family members obtained full Greek residency who;e maintaining investment compliance.

Current Investment Thresholds | Global Comparison of RBI Programs

Program Investment Threshold Processing Time Schengen Access Minimum required stay

Greece Greece

Residency

 from €250,000 4 months Yes None

Portugal Portugal

Residency

 from €250,000 18 months Yes 14 days every 2 years

Malta Malta

Residency

 from €169,000 9 months Yes None

Hungary Hungary

Residency

 from €250,000 4 months Yes None

Italy Italy

Residency

 from €500,000 3 months Yes None

Cyprus Cyprus

Residency

 from €300,000 8 months No 1 visit every 2 years

Key Insights:

  • Greece offers one of the most accessible pathways to EU residency with low investment thresholds and no minimum stay requirements.
  • Malta and Hungary are similarly flexible for investors seeking minimal travel obligations.
  • Portugal and Cyprus require some physical presence, which may affect lifestyle planning.
  • Italy’s program focuses on business investments, making it ideal for entrepreneurs but requiring a longer commitment.

Investment Breakdown: Piraeus Apartment

Property

€500,000

Property Transfer Tax (3.09% of property price) €15,450
Land Registry Fee (0.6% of property price) €3,000
Notary Fees (1.5% of property price) €7,500
Immigration Fees (family of 4) €2,000 (main applicant) + 3 × €150 = €2,450
Residency Cards (4 × €16) €64
Total Investment: €528,464

 

Notes:

  • Astons’ legal and service fees are additional and depend on the complexity of the transaction.
  • Extra costs may include document translations and private health insurance.
  • This breakdown ensures transparency and allows investors to plan the total Greek Golden Visa cost accurately.

Personalised Cost Breakdown for Program Participation

Get your investment estimate

Similar Success Stories

How the Greece Golden Visa Became a Gateway to Europe for an Egyptian Property Developer Ahmed has spent more than two decades in Egypt’s construction industry, successfully delivering large-scale residential projects across Cairo and Alexandria. As his company prepared to enter the European market, he required consistent, secure access to the EU and the ability to attend high-level negotiations without delays or visa constraints. Family’s Fast-Track to Dominica Citizenship: $264K Investment Secures Global Backup Plan in Just 5 Months Over the past five years, the global atmosphere has become increasingly tense. Political situations in many countries have worsened, prompting a growing number of people to create a “Plan B” for themselves and their families. Today, having an alternative citizenship has become a valuable form of security and freedom. How Astons Secured Greece Residence for Three Generations of a Turkish Family High-quality European education is one of the key priorities for many parents outside the EU. A diploma from an EU country provides strong career prospects worldwide. However, not every family is ready to send their child alone to a foreign country.

Result

Rahul and his family successfully obtained a 5-year Greek residency permit, renewable as long as the property investment is maintained.

Key benefits include:

  • Visa-Free Travel: Full access to the Schengen Area for all family members.
  • European Access: Banking, healthcare, and education opportunities without relocating tax residency from the UAE.
  • Investment Performance: The Piraeus property appreciated by 12% in the first year, reflecting Greece’s strong real estate growth.
  • Rental Income: Generates a 4% annual rental yield, driven by high demand from expats and corporate tenants.
  • Family Mobility: Rahul’s elderly parents enjoy unrestricted travel across Europe, able to stay up to 90 days in any Schengen country per 180-day period.

This case demonstrates how a strategic property investment in Greece can simultaneously provide residency, mobility, and financial returns.

Why Greece Attracts Investors

Greece remains a top choice for international investors seeking European residency due to its affordable investment thresholds, efficient processing, and strategic benefits:

  • Low Entry Investment: Residency achievable from €250,000 in qualifying real estate.
  • Efficient Timeline: Residence permit approval from approximately 4 months.
  • Flexible Residency: No minimum stay requirement to maintain the permit.
  • Schengen Access: Full visa-free travel across the 29 Schengen countries.
  • Business-Friendly: Opportunity to open a company and bank account in Grece.
  • Attractive Returns: High rental yields and potential capital appreciation in key locations.
  • Tax Advantages: Non-Dom tax regime allows a €100,000 flat tax on global income. Ideal for investors maintaining foreign tax residency.
  • Path to Citizenship: Potential eligibility for EU citizenship after meeting residency requirements and investment continuity.

The combination of affordability, mobility, and investment potential makes Greece an appealing destination for global entrepreneurs and families seeking EU residency.

Residency by Investment

Cyprus Cyprus

Residency

from €300,000

~8 months

Processing time

  • Purchase of new property
  • Eligibility for citizenship after 8 years
  • Non-Dom tax regime
Explore Program

Greece Greece

Residency

from €250,000

~4 months

Processing time

  • Real estate purchase
  • Eligibility for citizenship after 7 years
  • Most accessible and fastest program in the EU
  • Visa-free access to Schengen countries
Explore Program

Hungary Hungary

Residency

from €250,000

~4 months

Processing time

  • Investment in a fund / non-refundable donation
  • Visa-free access to Schengen countries
  • Eligibility for citizenship after 8 years
Explore Program

Italy Italy

Residency

from €500,000

~3 months

Processing time

  • Investment in shares or bonds / non-refundable contribution
  • Eligibility for citizenship after 10 years
  • Visa-free access to Schengen countries
Explore Program

Malta Malta

Residency

from €169,000

~9 months

Processing time

  • Non-refundable contribution and property rental or purchase
  • Rental or property purchase
  • No residency requirements
  • Visa-free access to Schengen countries
Explore Program

Portugal Portugal

Residency

from €250,000

~18 months

Processing time

  • Investment in a fund
  • Eligibility for citizenship after 7-10 years
  • Visa-free access to Schengen countries
Explore Program

Turkey Turkey

Residency

from $200,000

~2 months

Processing time

  • Real estate purchase
  • Right to live in Turkey
  • Eligibility for citizenship after 5 years
Explore Program

UAE UAE

Residency

from $100,000

~2 weeks

Processing time

  • Real estate purchase
  • Rental income ~7% per year
  • Possible domestic staff inclusion
  • Favourable tax regime
Explore Program

USA USA

Residency

from $800,000

~12 months

Processing time

  • Investment in a regional fund
  • Returnable investment
  • Eligibility for citizenship after 5 years
Explore Program

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