By Daniel Mercer 
Living in Greece with a Golden Visa: Access to Healthcare and Education for Your Family
Reading time: 15 minutes
Table of Contents
- Introduction to Greece’s Golden Visa Program
- Healthcare System in Greece
- Education Opportunities for Expatriates
- Economic Implications of the Golden Visa Program
- Quality of Life for Golden Visa Holders
- Conclusion
- FAQs
1. Introduction to Greece’s Golden Visa Program
Greece’s Golden Visa program has become increasingly popular among international investors seeking residency in a European Union country. This initiative, launched in 2013, offers a unique opportunity for non-EU nationals to obtain residency permits through strategic investments in Greek real estate. As we delve into the intricacies of this program, it’s essential to understand its impact on healthcare access and educational opportunities for visa holders and their families.
The Golden Visa program requires a minimum investment of €250,000 in Greek real estate, making it one of the most affordable residency-by-investment schemes in Europe. This has attracted a diverse group of investors, particularly from countries like China, Russia, and the Middle East. The allure of the program extends beyond mere residency rights; it opens doors to a Mediterranean lifestyle, rich cultural experiences, and potential pathways to EU citizenship.
Key Benefits of the Golden Visa Program:
- Visa-free travel within the Schengen Area
- No requirement to reside in Greece permanently
- Option to rent out the investment property
- Possibility of obtaining citizenship after 7 years of residency
As we explore the healthcare and education aspects for Golden Visa holders, it’s crucial to note that these benefits extend to the investor’s immediate family members, including spouse and children under 21 years of age. This family-centric approach has made the program particularly attractive to those seeking to secure a better future for their loved ones.
2. Healthcare System in Greece
Access to quality healthcare is a paramount concern for expatriates considering a move to Greece. The Greek healthcare system, while facing challenges in recent years due to economic pressures, offers a comprehensive range of services to residents, including Golden Visa holders.
Public Healthcare for Residents
Greece operates a universal healthcare system, known as ESY (Ethniko Systima Ygeias), which provides coverage to all legal residents. Golden Visa holders and their families are eligible to access this public healthcare system once they obtain their residency permits. This access includes:
- Free or low-cost primary care services
- Hospital treatments
- Emergency care
- Maternity services
- Prescription medications at reduced costs
To utilize the public healthcare system, residents must register with IKA (the largest social security organization in Greece) and obtain an AMKA (social security) number. This process is straightforward for Golden Visa holders and is typically facilitated by local authorities.
Private Healthcare Options
While the public system provides adequate care, many expatriates, including Golden Visa investors, opt for private healthcare services. Private hospitals and clinics in Greece, particularly in major cities like Athens and Thessaloniki, offer high-quality care with shorter waiting times and more personalized service. Many private facilities have English-speaking staff, making them particularly appealing to international residents.
Private health insurance is recommended for those preferring private healthcare. Several international insurance providers offer comprehensive plans tailored to expatriates living in Greece. These plans often include:
- Outpatient and inpatient care
- Emergency medical evacuation
- Dental and vision coverage
- Access to an international network of healthcare providers
Healthcare Quality and Accessibility
The quality of healthcare in Greece varies between urban and rural areas. Major cities boast modern facilities and specialized medical centers, while rural regions may have more limited resources. However, the overall standard of medical care in Greece is generally high, with well-trained medical professionals and access to modern medical technologies.
For Golden Visa holders, the ability to choose between public and private healthcare options provides flexibility in managing their family’s health needs. This dual system ensures that residents can access appropriate care, whether for routine check-ups or more complex medical procedures.
3. Education Opportunities for Expatriates
Education is a critical factor for families considering relocation through the Golden Visa program. Greece offers a range of educational options for expatriate children, from public schools to international institutions.
Public Education System
Greece’s public education system is free and accessible to all legal residents, including children of Golden Visa holders. The system is structured as follows:
- Primary Education (Dimotiko): Ages 6-12
- Lower Secondary Education (Gymnasio): Ages 12-15
- Upper Secondary Education (Lykeio): Ages 15-18
Public schools in Greece primarily teach in Greek, which can be challenging for non-Greek speaking students. However, many schools offer additional support for foreign students, including intensive Greek language courses. This immersion can be beneficial for children looking to integrate fully into Greek society.
International and Private Schools
For families preferring education in other languages or international curricula, Greece hosts numerous international and private schools, particularly in Athens and other major cities. These schools offer programs such as:
- International Baccalaureate (IB)
- British curriculum (IGCSE and A-Levels)
- American curriculum
- French, German, and other national curricula
International schools provide education in English or other languages, making them popular among expatriate communities. These institutions often offer a multicultural environment, preparing students for global higher education opportunities.
Higher Education
Greece boasts a rich tradition of higher education, with universities dating back to ancient times. For Golden Visa holders considering long-term residency, access to Greek universities can be a significant advantage. Public universities in Greece offer free education to EU residents, which includes Golden Visa holders after a certain period of residency.
Notable Greek universities include:
- National and Kapodistrian University of Athens
- Aristotle University of Thessaloniki
- Athens University of Economics and Business
Additionally, several international universities have campuses or affiliates in Greece, offering programs taught entirely in English. These institutions provide an excellent opportunity for students seeking an international education while enjoying the benefits of living in Greece.
4. Economic Implications of the Golden Visa Program
The Golden Visa program has had significant economic implications for Greece, particularly in the real estate sector and broader investment landscape. As we analyze these impacts, it’s crucial to consider both the short-term benefits and long-term sustainability of the program.
Real Estate Market Dynamics
The introduction of the Golden Visa program has injected new life into Greece’s real estate market, which had been struggling in the aftermath of the 2008 financial crisis. Key observations include:
- Increased demand for properties in prime locations, particularly in Athens and popular island destinations
- Rising property values in areas favored by Golden Visa investors
- Growth in luxury real estate development to cater to high-net-worth investors
This surge in real estate investment has contributed to economic recovery in certain regions, creating jobs in construction, real estate services, and related industries. However, it has also raised concerns about housing affordability for local residents in some areas.
Foreign Direct Investment (FDI)
The Golden Visa program has become a significant driver of FDI in Greece. Between 2013 and 2020, the program attracted over €2 billion in real estate investments. This influx of capital has had several positive effects:
- Improvement in Greece’s balance of payments
- Increased liquidity in the banking sector
- Stimulus for related industries such as tourism and hospitality
However, it’s important to note that while real estate investment provides immediate economic benefits, diversifying FDI into other sectors of the Greek economy remains a challenge for policymakers.
Labor Market Impact
The economic activities generated by the Golden Visa program have had a modest but positive impact on Greece’s labor market. Employment opportunities have increased in sectors directly related to the program, such as:
- Real estate agencies and property management
- Legal and financial services for international clients
- Construction and renovation services
Additionally, as Golden Visa holders often invest in businesses or start new ventures, there’s potential for job creation in various sectors of the Greek economy.
5. Quality of Life for Golden Visa Holders
The quality of life experienced by Golden Visa holders in Greece is a crucial factor in the program’s appeal. Greece offers a unique blend of historical richness, natural beauty, and modern amenities that contribute to a high standard of living.
Climate and Lifestyle
Greece’s Mediterranean climate, characterized by mild winters and warm, sunny summers, is a major draw for many investors. The country’s coastline, stretching over 13,000 kilometers, offers abundant opportunities for beach lovers and water sports enthusiasts. Key lifestyle benefits include:
- Access to world-renowned beaches and islands
- Outdoor-oriented lifestyle with numerous hiking and exploration opportunities
- Rich cultural experiences, including ancient historical sites and vibrant local traditions
Cost of Living
Compared to many other European countries, Greece offers a relatively affordable cost of living, especially outside of major tourist areas. This affordability extends to various aspects of daily life:
- Housing costs, particularly for those who buy house in greece through the Golden Visa program
- Food and dining out, with access to high-quality, locally-sourced produce
- Entertainment and cultural activities
The combination of affordable living costs and high-quality amenities makes Greece an attractive destination for retirees and families seeking a balanced lifestyle.
Community and Integration
Golden Visa holders often find welcoming communities in Greece, particularly in areas with established expatriate populations. Many cities and islands have international schools, cultural associations, and social clubs that facilitate integration and networking. The Greek people are known for their hospitality, which can greatly ease the transition for newcomers.
Safety and Security
Greece is generally considered a safe country with low crime rates, particularly violent crime. This sense of security is an important factor for many families choosing Greece as their new home. The country’s political stability and membership in the European Union provide additional reassurance to international investors.
Conclusion
The Greek Golden Visa program offers a compelling package for international investors seeking residency in a European country. With access to quality healthcare, diverse educational opportunities, and a high standard of living, the program provides a comprehensive solution for families looking to secure their future in Europe.
While the economic impact of the program has been significant, particularly in revitalizing the real estate market, it’s important for potential investors to consider the long-term implications of their investment. The program’s success has led to increased scrutiny and potential policy changes, which investors should monitor closely.
Ultimately, the decision to pursue a Golden Visa in Greece should be based on a careful evaluation of personal goals, financial considerations, and long-term plans. For many, the combination of Mediterranean lifestyle, cultural richness, and economic opportunities makes Greece an attractive destination for investment and residency.
FAQs
1. Can Golden Visa holders work in Greece?
Yes, Golden Visa holders are permitted to work in Greece. The residency permit granted through the program allows for employment, self-employment, and business ownership in Greece.
2. Is knowledge of Greek required for the Golden Visa program?
No, knowledge of Greek is not required to obtain a Golden Visa. However, learning Greek can be beneficial for daily life and integration into Greek society, especially for those planning long-term residency.
3. How often do Golden Visa holders need to renew their residency permits?
Golden Visa residency permits are initially valid for five years and can be renewed for another five years, provided the investment is maintained. After continuous residency of seven years, investors may be eligible to apply for Greek citizenship.
4. Are there tax implications for Golden Visa holders in Greece?
Golden Visa holders are not automatically considered tax residents of Greece. Tax residency is determined by the number of days spent in the country each year. It’s advisable to consult with a tax professional to understand individual tax obligations.
5. Can Golden Visa holders access public healthcare immediately upon arrival in Greece?
Access to public healthcare is available once Golden Visa holders obtain their residency permits and register with the Greek social security system. This process can typically be completed within a few months of arrival.
Article reviewed by Anna Mayer, Residential Property Investment Advisor | Luxury Market Specialist, on April 1, 2025