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Tag Archives: Golden Visa

Greece expands range of investments for Golden Visa Program

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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EU measures to crackdown illegal Golden Visa schemes not adequate, say critics

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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Golden Visa: Authorities in Greece and China investigate illegal POS transactions

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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Greece to soon extend Golden Visa program to other sectors than real estate

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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Greece’s Golden Visa program has offered 5,000 visas

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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Greece to extend Golden Visa program to lure more investors

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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Chinese investors line up to take advantage of cheap Greek real estate

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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“Golden Visa” programs under EU fire, as Greece plans to expand the program

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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Golden Visa and Online Property Auctions attract Russian and Chinese interest

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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