Greek Residence Permit Through Real Estate Purchase for Georgian Citizens: Conditions, Benefits, and Application Process

When a Greek residence permit (residence card) is required despite having a visa-free regime.  

Citizens of Georgia benefit from a visa-free regime with the Schengen Area countries. However, this regime allows a stay of no more than 90 days within any 180-day period.

In this regard, the visa-free regime is not suitable for long-term stays, regular residence, or addressing a range of practical matters in the European Union.
 

Residence without limitation under the 90/180 rule

Obtaining a Greek residence permit allows a person to live in the country without the application of the 90/180 rule.

This is especially relevant for individuals who:

• plan to spend a significant amount of time in the EU;
• are considering partial or full relocation;
• need flexibility in movement without tracking days of stay.

Residence Permit as a Component of a Long-Term Strategy

In practice, a residence permit in one of the EU countries can be used as an additional tool for risk management and increased mobility.

In particular, holding a residence permit may be relevant in cases of:

• changes in entry conditions to EU countries;
• restrictions related to banking services;
• the need to change tax residency;
• relocation planning.

Access to EU Infrastructure

Having a residence permit generally facilitates interaction with the infrastructure of the European Union.
This may include:

• opening bank accounts in EU banks (subject to compliance procedures);
• concluding long-term rental agreements;
• obtaining insurance;
• interacting with public and private institutions.

At the same time, a residence permit does not in itself guarantee access to banking or other services, but it is an important factor when such applications are considered.

Possibility of Obtaining Residence Permits for Family Members

Greek legislation provides for the possibility of obtaining a residence permit not only for the main applicant but also for their family members.

As a rule, this includes:

• spouse;
• minor children;
• parents (subject to program conditions, including proof of dependency).

Real Estate Investment Requirements

Obtaining a Greek residence permit is possible through investment in real estate.
It should be noted that:

• in certain cases (for example, renovation projects), the minimum investment threshold may start from EUR 250,000;
• applicable requirements depend on the region, type of property, and current regulations.

Therefore, before making an investment decision, it is recommended to conduct a legal and investment assessment of the specific property.

Procedure for Obtaining a Residence Permit: Practical Approach

The process of obtaining a Greek residence permit through real estate investment generally includes the following stages:

1. selection of a property in line with program requirements; 
2. legal due diligence of the property; 
3. structuring of the transaction; 
4. registration of ownership rights; 
5. preparation and submission of documents for the residence permit. 

The timeline for the procedure depends on the structure of the transaction and the completeness of the prepared documentation.

Real Estate as an Investment Asset

The acquisition of real estate can be considered not only as a basis for obtaining a residence permit, but also as an investment instrument.

Depending on the characteristics of the property and the program conditions:

• the property may be used to generate rental income;
• the property may be sold at a later stage (subject to applicable restrictions).

Residence Requirements

Under the current regulatory framework, Greece does not impose a mandatory minimum stay requirement in the country for the renewal of a residence permit.

This allows individuals to maintain their status without the need for continuous presence in Greece.

Conclusion

A Greek residence permit for Georgian citizens is an instrument that allows:

• residence in the EU without the 90/180 limitation;
• increased mobility;
• access to EU infrastructure;
• structured family relocation;
• diversification of assets and risks.

REVERA Consultation

Obtaining a Greek residence permit through real estate investment requires an individual assessment, including analysis of the transaction structure, family composition, and applicable legal requirements.

REVERA lawyers provide comprehensive support, including:

• legal analysis and risk assessment;
• transaction structuring;
• assistance with the residence permit procedure.

To receive a consultation, you may contact our team and describe your situation.