The “Golden Visa” program offered to foreigners who invest in real estate worth more than 250,000 euros in the country is growing strongly, Elias Athanasiou, CEO in Enterprise Greece said last week.
The Golden Visa program has been initiated since 2012.
During the first years of operation, demand for visas has grown from 400 annually to 50 daily, with proceeds exceeding 1.5 billion euros, Athanasiou said.
He added that mostly Asian citizens (particularly Chinese), Arabs and Russians, are taking advantage of the “Golden Visa” programme, adding that 5,000 visas have been approved since 2012 when the programme began.
Greece plans to extend the Golden Visa program to investors other that those purchasing real estate worth at least 250,000 euros, officials said last Friday.. The new scheme will include those who make a bank deposit or an investment in Greek bonds or shares of at least 400,000 euros.
In return, recipients will get five-year Greek residency permits which also allow non-European Union citizens to travel freely throughout the bloc.
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