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Greece offers two very different legal pathways for foreigners to live in the country: the Golden Visa and the Work Permit. While both allow residence, they serve different purposes, have different eligibility requirements, and lead to very different rights. Understanding the distinction is crucial before deciding which option aligns with your goals in Greece.
What is Greece’s Golden Visa?
The Golden Visa is an investment-based residence program. It allows non-EU nationals and their families to obtain residence permits in Greece by investing in real estate or other eligible assets. The most common path is through purchasing property worth at least €250,000–€500,000, depending on location.
Key points:
• No work rights are granted (you cannot be formally employed in Greece under this visa).
• It is designed for investors, retirees, and high-net-worth individuals.
• It allows family members (spouse, children, parents) to be included.
• It can be renewed as long as the investment is maintained.
• It can eventually lead to permanent residence and citizenship after certain conditions are met.
What is a Work Permit in Greece?
A work permit is designed for foreigners who want to legally work and reside in Greece. It requires an employer in Greece to sponsor the application and provide a valid work contract.
Key points:
• It grants the legal right to work for a specific employer in Greece.
• It requires approval from the Ministry of Labor and immigration authorities.
• It is typically tied to your job and employer (changing jobs requires a new permit).
• It can be renewed based on continued employment.
• Family reunification rights may be available depending on permit type and duration.
Golden Visa vs. Work Permit – The Core Differences
| Aspect | Golden Visa | Work Permit |
|---|---|---|
| Basis | Investment in real estate/other assets | Employment contract with a Greek employer |
| Right to Work | No right to work as an employee | Full right to work (with sponsoring employer) |
| Who Qualifies | Investors, retirees, high-net-worth individuals | Skilled workers, employees, seasonal workers |
| Family Inclusion | Spouse, children, and parents included | Possible, but depends on work permit type |
| Duration & Renewal | 5 years, renewable if investment is maintained | Usually 1–2 years, renewable if job continues |
| Pathway to Citizenship | Yes, after legal residence period | Yes, after long-term stay with work-based residence |
Which Option Should You Choose?
• Choose the Golden Visa if your primary goal is to live in Greece without needing employment, invest in property, and secure residency for your family.
• Choose a Work Permit if your primary goal is to legally work in Greece, build a career, and potentially settle long-term.
Both are legitimate residence options, but they serve very different needs.
Sources
• Hellenic Republic Ministry of Migration & Asylum – Residence Permits
• Enterprise Greece – Golden Visa Program
Disclaimer
This article is for informational purposes only. Immigration rules are subject to change, and requirements may vary depending on individual circumstances. Always consult official government sources or a licensed immigration lawyer before making any decisions.
FAQs
1. Can I work in Greece with a Golden Visa??
No, the Golden Visa does not grant employment rights. You may, however, set up and manage your own business.
2. Can I bring my family with a Greek work permit??
Yes, in many cases, but rules differ depending on the type of work permit. Spouses and children usually qualify for family reunification.
3. How long does it take to get a Golden Visa compared to a work permit??
Golden Visas are usually processed within a few months once the investment is completed. Work permits may take longer due to employer and government approvals.
4. Is the Golden Visa a pathway to EU citizenship?
Yes, maintaining legal residence and meeting Greece’s naturalization requirements can eventually lead to citizenship.
5. Can I switch from a Golden Visa to a work permit later??
Yes, but you must meet the employment eligibility requirements and follow the standard work permit application process.
August 18, 2025
