December 22, 2022
Economy, FEATURED
Dozens of districts in Attica will become more expensive for foreign investors from third countries who wish to obtain a residence permit through the Golden Visa program. According to the amendment submitted to Parliament, the minimum investment limit to secure the coveted license will be doubled from 250,000 to 500,000 …
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December 21, 2022
Economy, FEATURED
Τhe minimum value of property that must be acquired to grant eligibility for a Golden Visa will be increased to 500,000 euros in certain parts of Greece, according to an amendment tabled in Parliament by the Development and Investments Ministry on Wednesday. The new minimum value at time of purchase …
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December 15, 2022
Economy, FEATURED
The government is proceeding with new regulations regarding the “Golden Visa”, doubling the amount of property investment in specific and regions across Greece with the aim to obtain a residence permit. Speaking to reporters on Thursday, Deputy Minister of Development and Investments Nikos Papathanasis announced that the government will submit …
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September 12, 2022
Economy, FEATURED
Greece’ Prime Minister Kyriakos Mitsoτακισ shocked the real estate market on Saturday when he announce that investment for Golden Visa is being doubled from €250,000 euros to 500,000 euros. The announcement came practically out of the blue with the argument that real estate will be affordable to Greeks again. The …
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July 9, 2022
Economy, FEATURED
Greece’s Golden Visa became the leading residency-for-investment program in Europe by the relative demand growth in the first half of the year, according to data collected by Tranio. Its survey showed that Europe’s top programs by demand growth were the Greek Golden Visa (inquiries increased by 127% compared to January-June …
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February 28, 2022
FEATURED, Greece, Politics
Greece has suspended issuance and renewal of residence permits to wealthy Russian citizens investing in Greece “until further notice,” the Migration & Asylum Ministry said on Monday. The suspension applies to both permit requests under consideration and new requests. “New requests will not be accepted and no applications for the …
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June 16, 2021
Politics, Refugees
Departures of asylum seekers and migrants from Greece were double the total number of arrivals in the first five months of 2021, according to migration and asylum ministry figures on Wednesday. 4,951 persons left either for European countries or were sent to non-EU countries via the deportation and return mechanisms …
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February 17, 2020
Economy
Chinese nationals who invested at least 250,000 euros in real estate in order to obtain a Golden Visa are angry. 35 of them threaten to sue the Greek state for 10 million euros for delays in issuing the long-awaited precious and highly expensive paper for them and their families. The …
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October 24, 2019
Economy
An amend bill tabled by Development and Investment Minister, Adonis Georgiadis, allows investors who buy real estate in order to secure residence permit via the Golden Visa program to make their purchases via credit card or POS. The bill is to be voted today, Thursday, at the Greek Palriament. The …
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March 8, 2019
Economy
A new draft bill prepared by the Economy and Development ministry will add intangible investments into Greece’s Golden Visa program for third country, that is non-EU, citizens. The draft law on harmonising Greek legislation with an EU directive on commercial secrecy includes a regulation aiming to improve and to add …
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January 29, 2019
Economy
Golden Visa schemes that sell citizenship and residency to the super rich threaten the EU’s collective security and integrity and attract criminals, the European Commission has warned. Twenty states, including Greece, the United Kingdom, Ireland and Spain, sell residency permits while Malta, Cyprus and Bulgaria currently offer “citizenship for sale” …
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October 31, 2018
Economy
Greek and Chinese authorities investigate illegal payment transactions between a Greek real estate company and Chinese investors who have been targeting residence permission in an EU country via the Golden Visa program. According to Greek media reports on Wednesday, the vice chairman of Greece’s biggest retailer “Jumbo” is investigated for …
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September 22, 2018
Economy
Greece’s plans to extend the Golden Visa Program are imminent also in other sectors than in real estate. Enterprise Greece executive Grigoris Stergioulis revealed the sector that are included into a draft bill is to be submitted to the Parliament. Sepaking to Athens news agency, Stergioulis said plans are to …
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July 23, 2018
Economy
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 …
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July 20, 2018
Economy
Greece will extend the Golden Visa program to investors other that those purchasing real estate worth at least 250,000 euros. 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 …
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July 18, 2018
Economy
Chinese investors are lining up to take advantage of cheap real estate in Greece where prices hit bottom during the economic crisis. For Chinese buying property in Greece is of high interest due to the Golden Visa program that grants them a 5-year residence permit for them and their family. …
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March 13, 2018
Economy
The European Union has become vulnerable to corruption and money laundering through the “Golden Visa – Golden Residence Permit” programs where non-EU nationals can acquire a visa if they invest in properties, investigation has found. The scheme not only attracts legitimate investors but also fraudsters. Brussels will try to find ways …
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December 30, 2017
Economy
The misfortune of one is the fortuity for the other. Russian and Chinese investors show a great interest in acquiring properties in Greece especially now that Greek banks are getting rid of their nonperforming loans with online auctions of properties. There is a high demand for the Golden Visa program …
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