The Greek golden visa scheme, which began in July 2013, provides a five-year resident permit in exchange for a real estate investment. There is no minimum stay requirement, and children up to 21 are eligible to apply as part of a family. The visa is valid for five years and can be renewed for another five years if the property investment is maintained. Thus, it is not essential to live in the nation to keep and renew the investment visa. Citizenship, on the other hand, may only be conferred after seven years of residency.