Greece Golden Visa 2025: Tax Strategies, Investor Case Studies & Hidden Risks

1. Tax Advantages vs. Pitfalls

• No wealth tax: Unlike Spain/France, Greece imposes no annual property wealth tax.
• 7% flat tax on long-term rentals: But short-term rentals (Airbnb) are banned (€50K fine if violated).
• Double Taxation Treaties (DTTs): With 56 countries (e.g., USA, China, UAE) to avoid dual taxation.
• Risks: Greek banks require proof of legal fund origin (strict audits).

2. Real Investor Profiles

• Chinese (65% of applicants): Prefer long-term rentals (94% of properties) for 4-6% annual yields.
• Americans (20% surge in 2025): Target historic buildings (€250K) for quick ROI via tourism.
• Turks/Lebanese: Buy in Northern Greece (€400K) as a "Plan B" amid political instability.

3. Alternative Investments Beyond Real Estate

• Greek Government Bonds (€500K, 3-year hold): Safe option with 3.5% returns.
• Shares in Greek Companies (€350K+): E.g., shipping or tourism firms.
• Converted Industrial Buildings: Minimum €250K, with 5-year tax exemptions.

4. Critical Analysis: Unspoken Drawbacks

• Slow Processing: 12,087 pending applications (approval time: 8-12 months).
• Short-Term Rental Ban: Airbnb is prohibited, reducing flexibility.
• Higher Thresholds (€800K in Athens/Mykonos): Makes Greece less competitive vs. Portugal (€500K).

Pro Tips for Investors

• Target €400K Areas: Patras, Chalkida, or renovated buildings (€250K).
• Work with Experts: Tax lawyers can optimize structures.
• Avoid "Bubble" Zones: Tourist islands (Mykonos) offer lower ROI vs. mainland.