Combined investment for both Golden Visa and Non-dom purposes

The investments that qualify for both the Greek Non-Dom Tax Regime and the Golden Visa Program are those that meet the minimum thresholds and conditions of each program. Based on current regulations:

Eligible for Both Programs

1. Greek Government Bonds (for both GV and non-dom purposes)
   • Minimum value: €500,000
   • The Greek Government bonds must have a remaining maturity at the time of purchase of at least three (3) years and must be purchased through a credit institution established in Greece which is also acting as custodian of these bonds.
2. Real Estate Investment
   
   • For Golden Visa:
     • €800,000 in prime areas (Attica, Thessaloniki, Mykonos, Santorini, rest islands)
     • €400,000 in secondary areas
     • €250,000 under conditions for conversion of use from commercial to residential.
   • For Non-Dom:
     • €500,000
   • Important: To satisfy both, you need to meet the higher threshold of €800,000 in prime areas.
3. Participation (purchase of units) in Greek-based Mutual Funds
   • For Golden Visa: Minimum €350,000. Certain mutual funds qualify if they meet regulatory conditions. In practice, the Ministry of Development has approved two (2) (Greek) Mutual Funds as meeting the requirements for GV
   • For Non-Dom: Minimum €500,000 investment in Greek-based funds supervised by the Hellenic Capital Market Commission.
   • Important: The Mutual Fund must be established in Greece and be supervised by the Hellenic Capital Market Commission (for non-dom purposes) and meet a series of other conditions which have some differences for GV and non-dom purposes. So, to satisfy both, you need to coordinate with a bank to carefully select one Mutual Fund that meets both programs’ conditions.

Not Eligible for Both

• Time deposits in Greek banks (eligible for Golden Visa only under certain conditions, but not for Non-Dom).
• Pure financial instruments without Greek regulatory approval (e.g. foreign funds).

Investment Type	Minimum Amount	Eligible for Non-Dom	Eligible for Golden Visa	Notes
Greek Government Bonds	€500,000	Yes	Yes	Bonds must have ≥3 years maturity and be purchased via a Greek bank custodian.
Real Estate (Prime Areas)	€800,000	Yes	Yes	Covers both regimes if the highest threshold is met (Attica, Thessaloniki, Mykonos, Santorini).
Real Estate (Other Areas, cases)	€400,000–€250,000	Yes	Yes	For Non-Dom, minimum €500,000 applies, so you must combine with other investment or exceed threshold.
Greek Mutual Funds	€500,000	Yes (if fund meets non-dom criteria)	Yes (if fund meets GV criteria)	For Non-dom, must be Greek-based and regulated by HCMC; GV requires specific fund conditions.

Best Combined Options for both Non-dom and GV:

• Greek Government Bonds of €500,000 – simplest for both programs.
• Real Estate of €800,000 in prime areas – satisfies both thresholds.
• Greek Mutual Fund of €500,000 – to meet both programs’ threshold, but must check with Bank required conditions for both programs.
• Combination of Greek Mutual Fund €350,000 + Other Investment €150,000 – combination is allowed under non-dom and under GV – the Greek M/F must meet both GV and non-dom conditions and the other investment must meet only non-dom requirements (e.g. could be Greek Government bonds, or other non-dom eligible investment such as: a) non-listed shares of Greek companies, b) capital contribution to an AIF established in Greece and supervised by the Hellenic Capital Market Commission, or to an AIF whose manager is registered with the said authority and c) securities traded on regulated markets, i.e. shares, corporate bonds, units of mutual funds (ETFs), or Greek Government Bonds introduced for trading or already traded on regulated markets or multilateral trading facilities operating in Greece).

Other combinations: other combinations are possible such as purchase of Greek real estate of €250,000 or €400,000 + other non-dom eligible investment for remaining amount to €500,000 e.g. Greek Government bonds or other

 

 

 

* The information is accurate to the best of our knowledge as at the time of writing. We have no obligation to update it. We accept no responsibility against any third party who is not a client of the firm and has not signed the terms of our engagement.