Step 1: Make the desired investment in Greece by visiting the country, surveying potential properties, opening a Greek bank account and transferring the investment funds to that account.
Step 2: Collect and prepare required documents to be attached to the visa application. Once the property is acquired or the business investment is made, the Golden visa application must be submitted.
Step 3: The applicant can get a temporary residence permit to enter Greece while the application is being processed. Once the investor and their family submit their biometrics, the Golden visa and permanent residence permit is usually issued within the next 20 days
The two main requirements are that the main applicant must be above 18 years of age, and the total investment amount must be €250,000 (approximately ₹2.1 crores) or more.
The total fee including visa application, notary, government and lawyer’s fees for purchase of property is roughly €15,000 (approximately ₹13 lakhs). In addition, the Greek government charges 24% VAT on purchase of new properties.
The residency process under the Golden Visa can be completed within merely 40 to 60 days.