Europe’s most popular residence-by-investment program for three of the last four years, the Greek Golden Visa offers visa-free travel throughout the Schengen area, as well as settlement rights in Greece itself.
While applicants may choose from a wide array of asset classes, the great preponderance prefer to qualify by investing at least EUR 250,000 in real estate on the open Greek market.
Unlike other programs, the Greek golden visa doesn’t stipulate different prices for specific areas or property types; any type of property, new or old, in Athens or in a smaller municipality is in principle eligible as long as the value exceeds the minimum investment requirement.
– Investment requirements
– Investment options
– Processing time
– Physical presence requirements
– Program statistics
– Path to citizenship
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Buoyed by fewer competitors and an impending price hike, the program’s application volume has ballooned. So has its backlog of pending cases.
“This extension relieves the stress of investors,” commented Alexander Varnavas of Athens-based Varnavas Law on the news.
Greek Golden Visa authorities are struggling to keep up with mushrooming demand. Applications in the backlog now number at least 3,700.
Greece offers investors, retirees, and business owners the opportunity to pay a sharply reduced tax rate for up to 15 years.
When Greece last year announced golden visa investment requirements would increase, prospective investors worried. They needn’t have.
When Greek Prime Minister Mitsotakis announced the price increase for golden visa real estate in September, investors reacted immediately.
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