For more than a year, Greek authorities have heralded plans to add further investment options to their Golden Visa. On Wednesday, Greece’s Minister of the Economy – Stergios Pitsiorlas – divulged further details.
A new bill, already drafted, would add the following investment choices, beyond the €250,000 real estate investment, currently the program’s only option:
- A €400,000 investment in debt or equity with real estate investment companies.
- A €400,000 term deposit in a Greek bank.
- A €800,000 investment in Greek government bonds.
Explaining the Ministry’s plans over the next two months, Pitsiorlas said the new golden visa rules would be a priority, reports AMNA.
Already Europe’s most popular such program by a wide margin, the Greek golden visa’s additional options will serve to further solidify its competitive edge. In the absence of a force majeur-type contingency, the Hellenic Republic’s golden visa will become the most popular in the world by year’s end.
Christian Henrik Nesheim is the founder and editor of Investment Migration Insider, the #1 magazine – online or offline – for residency and citizenship by investment. He is an internationally recognized expert, speaker, documentary producer, and writer on the subject of investment migration, whose work is cited in the Economist, Bloomberg, Fortune, Forbes, Newsweek, and Business Insider. Norwegian by birth, Christian has spent the last 14 years in the United States, China, and Spain.