Greece 2020 Golden Visa Figures Retroactively Adjusted Upward by 133%
The revision indicates that while 2020 was still a dismal year for the program, it was 133% better than previously signaled.
Read MoreThe revision indicates that while 2020 was still a dismal year for the program, it was 133% better than previously signaled.
Read MoreCrunch time for EB-5, the North Macedonian surprise, why Canada makes immigration so hard, business as usual in the Caribbean, and much more.
Read MoreThough approval volumes were down across the board, the differences in performance varied sharply, from -4% to -92%.
Read MoreSeveral hundred thousand UK citizens own homes in Spain, Portugal, and Greece worth enough to qualify for golden visas, retroactively.
Read MoreDespite a flurry of program-enhancing policy changes, the Greek golden visa’s performance in 2020 was lackluster compared to Portugal’s. Why?
Read MoreLaboring under a pandemic, Greek bureaucrats might have been excused were it not for the starkly contrasting performance of Portuguese peers.
Read MoreWhile approvals for Portugal’s golden visa are already back on track for a statistically normal year, those of Greece have halted.
Read MoreMany bought qualifying homes in 2019 and were awaiting approvals. Now, they’re out EUR 250,000 and unable to enter Greece.
Read MoreThe Ministry of Finance has tabled a law that would offer a flat tax of 7% for foreign retirees who transfer their tax residence to Greece.
Read MoreNew procedural measures will make remote-application feasible and boost application volumes, but they did not take effect in time to save Q2.
Read MoreAlexander Risvas, perhaps thanks to his penchant for the works of self-help gurus like Tony Robbins and Napoleon Hill, is optimistic in spite of COVID.
Read MoreGreece and Portugal’s golden visa programs have missed out on 800 applications and investment equivalent to a small country’s GDP due to the pandemic.
Read MoreThe government is heeding the advice of practitioners and speeding up golden visa processing. Their zeal, unfortunately, isn’t matched by local authorities.
Read MoreIn practice, the changes enable investors to pay for the property from abroad, rather than by first opening a Greek bank account, without excess risk.
Read More“To accelerate the course of growth in the coming months, we will seek to lift the bureaucratic obstacles that currently exist in the property market.”
Read MoreQ1 figures show Greece – where China has been the source of four-fifths of applicants over the last year – have been disproportionately slammed.
Read MoreAlexander Varnavas has worked with golden visas since before it was cool and is surprised that industry leaders think startup visas are the next big thing.
Read MoreSneer not at the Italians, for there, but for the grace of about two weeks, go the rest of us.
Read MoreThe 35 Chinese applicants demand an immediate granting of their visas, compensation, and the bringing to justice of the responsible bureaucrats.
Read MoreGreek residence by investment practitioners say program revenue could be more than double its current level if only the country’s Decentralized Authorities weren’t so inefficient.
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