Obtaining a Golden Visa in Greece requires a minimum investment of €250,000 in real estate or other qualifying assets. But beyond investing, complying with banking requirements is crucial to meet legal standards and secure your residency.
🏦 Why Banking Compliance Matters
Greek banks must verify the source and legitimacy of your funds to comply with anti-money laundering (AML) and know your customer (KYC) regulations.
Meeting bank requirements ensures:
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Smooth transfer of investment funds
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Avoidance of account freezes or delays
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Faster processing of your Golden Visa application
📋 Key Bank Requirements
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Greek Tax Number (AFM):
You must have a valid AFM to open a bank account in Greece. -
Valid Passport and ID:
Banks require official ID documents to verify your identity. -
Proof of Source of Funds:
You will need to document where your investment money comes from, such as bank statements, sale agreements, or business income. -
Proof of Address:
Foreign or Greek address documentation may be requested. -
Purpose Declaration:
Clarify that your funds are intended for property purchase under the Golden Visa program.
🧭 Opening a Bank Account
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In-person presence or Power of Attorney (POA): Most banks require you or your legal representative to be physically present or submit a notarized POA.
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Minimum Deposit: Some banks require a minimum deposit to open an account.
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Bank Fees: Expect account maintenance fees and transaction charges.
⚠️ Common Challenges
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Stringent KYC checks may delay account opening.
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Language barriers in bank communication.
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Varying policies across Greek banks.
🛡 How Borderless Lawyers Can Assist
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Obtain your Greek Tax Number (AFM)
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Act as your Power of Attorney to open bank accounts
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Prepare and translate all required documents
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Liaise directly with banks to ensure smooth compliance
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Provide ongoing legal support for your investment transactions
📞 Ready to Meet Greek Bank Requirements?
Ensure your Golden Visa investment complies fully with Greek banking laws.
💬 Contact Borderless Lawyers today to handle your banking needs and secure your Greek residency smoothly.
✉️ Invest with confidence — we’ve got your legal and banking compliance covered.