If you’re exploring opportunities abroad, Investing in Greece offers a unique combination of financial potential, lifestyle benefits, and long-term security. At Greece Invests , we aim to simplify every step for international investors—whether you’re interested in real estate, business ownership, tourism projects, or portfolio investments. This detailed guide breaks down the exact process you need to follow as a foreigner to confidently start investing in Greece.
Introduction
Greece has become one of Europe’s most attractive investment destinations, especially in sectors like real estate, tourism, renewable energy, technology, and shipping. With stable economic recovery, government incentives, competitive property prices, and residency programs such as the Golden Visa, the country offers a promising environment for global investors. In this guide, Greece Invests walks you step-by-step through how to begin Investing in Greece, from legal requirements to choosing the right investment strategy.
Step 1: Understand Why Greece Is a Strong Investment Market
Before diving into the logistics, it’s essential to understand why Greece stands out:
1.1 Growing Real Estate Market
Property prices remain competitive compared to other EU zones, especially in islands and emerging tourist hubs. Rental yields—particularly short-term rentals—continue to provide strong returns.
1.2 Strategic EU Location
Greece is a gateway between Europe, Asia, and Africa, making it ideal for logistics, trade, and maritime investment.
1.3 Government Incentives
From tax reductions to residency-by-investment programs, foreign investors enjoy multiple incentives.
1.4 Expanding Tourism Sector
Tourism fuels much of the investment boom. Hotels, villas, Airbnb, and tourism services offer long-term profitability.
Step 2: Determine the Type of Investment You Want to Make
Greece offers diverse investment avenues. As a foreigner, you can choose from:
2.1 Real Estate Investment
The most common entry point, especially for those seeking residency.
Popular options include:
- Residential properties
- Vacation rentals
- Commercial and mixed-use buildings
- Land for development
2.2 Business Investment
Greece is encouraging entrepreneurship in:
- Tourism and hospitality
- Food & beverage
- Tech and innovation
- Green energy
- Maritime services
2.3 Financial Markets
Foreigners can easily invest in Greek:
- Stocks
- Bonds
- Mutual funds
2.4 Renewable Energy Projects
Solar and wind are expanding rapidly due to government support.
Evaluate your personal goals—income, long-term growth, residency, or capital preservation—before choosing a path.
Step 3: Learn the Legal Requirements for Foreign Investors
Foreigners—EU and non-EU citizens—can invest freely in most Greek sectors. However, certain administrative steps are essential.
3.1 Obtain a Greek Tax Identification Number (AFM)
This is mandatory for:
- Buying property
- Opening a bank account
- Signing contracts
- Paying taxes
You can get an AFM through:
- Your local tax office in Greece
- A Greek lawyer with power of attorney
3.2 Open a Greek Bank Account
Required for investment transactions, especially real estate purchases.
Documents usually needed:
- Passport
- Proof of address
- AFM number
- Tax return or income proof
3.3 Hire a Lawyer and Notary
Legal representation is crucial for reviewing contracts, ensuring property titles are clean, and handling paperwork.
Step 4: Secure Funding for Your Investment
Depending on the type of investment, you may use:
4.1 Personal Funds
Most foreigners prefer direct transfers from their home country.
4.2 Greek Bank Loans
Some banks offer mortgages to foreign nationals, though criteria vary.
4.3 Investment Partnerships
For business projects, partnering with Greek firms can ease administrative and operational processes.
Step 5: Conduct Market Research
Before investing, gather detailed information. At Greece Invests, we recommend analyzing:
5.1 Property Market Trends
Look at:
- Price growth per region
- Tourism demand
- Rental yields
- Upcoming infrastructure projects
5.2 Business Feasibility
Evaluate:
- Competition
- Local regulations
- Taxes and operational costs
- Potential workforce availability
5.3 Risk Assessment
Identify:
- Market fluctuations
- Seasonal dependency (especially in tourism)
- Legal or zoning restrictions
Consider hiring professional consultants to guide your due diligence.
Step 6: Follow the Process for Purchasing Property (If Investing in Real Estate)
For many foreigners, real estate is the simplest entry point. The typical process includes:
6.1 Property Search
Choose a region based on your goals:
- Athens for long-term rentals
- Greek islands for vacation rentals
- Thessaloniki for emerging markets
- Crete, Rhodes, and Corfu for tourism businesses
6.2 Reservation Agreement
Once you find a property, your lawyer may secure it with a small reservation fee.
6.3 Legal Checks
Your lawyer ensures:
- The property title is clean
- There are no debts or encumbrances
- All building permits are valid
6.4 Final Purchase Contract
Signed in the presence of a notary, followed by registration with the Land Registry.
6.5 Property Management
You can manage it yourself or hire a professional agency.
Step 7: Explore Residency Opportunities (Golden Visa Program)
If your investment goal includes long-term residence, Greece offers one of the most attractive Golden Visa programs.
7.1 Benefits of the Greek Golden Visa
- 5-year renewable residency
- Freedom of movement within the Schengen Area
- Path to citizenship after certain conditions
- No requirement to live full-time in Greece
7.2 Minimum Investment Requirements
As of today, the real estate investment threshold ranges by region. Investors can choose:
- Real estate
- Shares in Greek companies
- Strategic projects
Residency applications typically take a few months.
Step 8: Understand Taxation for Foreign Investors
Greece offers competitive tax systems, especially for retirees and foreign tax residents.
8.1 Property Taxes
Annual property tax (ENFIA) applies to real estate owners.
8.2 Rental Income Tax
Tax rates depend on income brackets.
8.3 Business Taxes
New businesses may enjoy reduced rates or incentives.
8.4 Non-Dom Tax Regimes
Foreign investors may qualify for special tax treatments.
Always consult a Greek accountant for accurate filing.
Step 9: Long-Term Strategy and Portfolio Diversification
Successful investors treat Greece as a long-term opportunity.
Consider:
- Expanding your property portfolio
- Investing in tourism startups
- Diversifying into green energy
- Reinvesting profits into new projects
Greece’s evolving economy offers steady potential for growth.
Conclusion
Starting your journey Investing in Greece as a foreigner may seem complex, but with the right guidance, it’s both achievable and rewarding. From obtaining an AFM number to finalizing your investment, each step brings you closer to enjoying the financial and lifestyle benefits Greece offers. At Greece Invests, we ensure your investment journey is smooth, transparent, and profitable. Whether you're buying property, launching a business, or exploring residency options, Greece welcomes investors with open doors and abundant opportunities.
If you're ready to begin, Greece Invests is here to guide you every step of the way.
