I plan to make a real estate investment and apply for a Greek Golden Visa. If I don’t plan to stay in Greece for an extended period of time, do I need to submit proof of health insurance? If so, how long should the insurance cover? Are there any requirements on the minimum coverage of the insurance?
Residence permits for third-country citizens who own and poses property in Greece must provide certification by an insurance agency for the cost of hospitalization and medical care. To certify that this condition is fulfilled, the following are accepted: insurance contracts that have been signed outside Greece, provided that they explicitly mention that they cover the interested party for the duration of their stay in Greece; insurance contracts that have been signed in Greece.
A certification by an insurance agency for the cost of hospitalization and medical care is an obligatory document for the application submission. To certify that this condition is fulfilled, the following are accepted: insurance contracts which have been signed outside Greece, provided that they explicitly mention that they cover the interested party for the duration of their stay in Greece; insurance contracts which have been signed in Greece. The duration of the contract typically should be as long as the residence permit duration and the minimum coverage varies due to conditions of residents. The related annual cost ranges between the insurance companies.
Health insurance is a prerequisite to apply for Golden Visa proceedings, so it is obligable to have one. It is a standard type with cost around 20,000 to 25,000 euros and is on a yearly basis.
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