While the Greek Golden Visa is often associated with property, the Greek Migration Code (Law 5038/2023) provides a sophisticated alternative for investors prioritizing liquidity and speed. Under Article 99, the Type “B.4” Residence Permit for Financial Investments offers a streamlined path to European residency through capital-based assets rather than real estate.
1. Greek Government Bonds
Investors can secure residency by purchasing Greek Government Bonds through a credit institution established in Greece.
Acquisition Value: Minimum of €500,000.
Duration: At the time of purchase, bonds must have a remaining maturity of at least three (3) years.
Custody: The Greek credit institution acts as the custodian, providing the necessary certifications for the investment’s realization and maintenance.
The Advantage: Unlike real estate, which involves maintenance costs and notary fees, bonds are purely financial assets. The investment is certified directly by the credit institution, ensuring a swift administrative process.
2. Term Deposits
For those seeking simplicity, a term deposit in a domestic bank is a highly effective route.
Amount: Minimum of €500,000.
Duration: At least one (1) year with a standing order for automatic renewal. The investor’s spouse, partner, and relatives (by blood or marriage) up to the second degree could be included as joint holders of the deposit.
The Advantage: This provides immediate liquidity and the safety of the Greek banking system, backed by the certification of the local bank.
Flexibility: Switching Investment Categories
One of the most significant benefits of the Greek framework is the “Right to Liquidate and Reinvest.” According to the law, a residence permit holder is not “locked” into their initial choice forever.
Strategic Mobility: If an investor chooses to liquidate their bonds or term deposit, they have a two-month window to reinvest the funds into:
1. The same category.
2. A different financial category (e.g., from Bonds to Deposits).
3. Real Estate.
This flexibility allows investors to respond to market changes or personal life shifts without losing their residency status. The process is managed through the Ministry of Migration and Asylum and certified by the Ministry of Development and Investments, ensuring that the transition is legally seamless.
Why Choose Financial Assets Over Real Estate?
While property is a tangible asset, financial investments in Greece offer:
Speed: No titles, land registry delays, or technical inspections.
Liquidity: Easier to exit or reposition within the two-month legal window.
Family Planning: Broad joint-holding rights for term deposits.
For the modern investor, the Greek Golden Visa via government bonds or term deposits isn’t just about residency—it’s about maintaining a flexible, liquid, and secure global portfolio.
Law Office Stathaki can help you apply for a Golden Visa investor’s residence permit and navigate this process with professional and to-the-point advice. Contact us today here.
