Greek Golden Visa Approvals Slow Sharply in Q1 But Chinese Appetite Still Strong

Despite growing Chinese Chinese demand, approvals are down by a quarter on an annualized basis, and Iraqi and Iranian investors bring more than twice as many family members as those of other nationalities. First, a correction: Due to an error on the Enterprise Greece website, we have incorrectly reported golden visa statistics from Greece in

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Greek Govt. Moves to Close Loopholes: No More POS Payments for Golden Visa

Christian NesheimEditor   No more POS sales, no more re-selling property to multiple golden visa participants. The Greek government is moving swiftly to close loopholes. The Greek government last week put forward amendments in Parliament that aim to prevent what they consider abuse related to the country’s residence by investment program. Measures include a ban

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Greece Has Issued Nearly 1k Golden Visas a Month in 2018, Will Eclipse EB-5 by Year-End

Enterprise Greece has released figures indicating that, by the end of September this year, the country had issued residence permits to 3,404 main applicants and 5,495 dependents under the golden visa program since the start of the year. That’s an average of 989 residence permits a month in 2018. In September alone, 250 main applicants

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Greek Golden Visa Entrepreneur’s Accounts Frozen as Investigators Probe Chinese Capital Control Skirting

Three weeks ago we reported on a case in which a prominent Greek executive’s golden visa side-business had landed him in trouble with both Greek and Chinese authorities over what investigators say was systematic side-stepping of Beijing’s capital controls related to the sale of Greek real estate to Chinese investors. See: Greek Golden Visa Firm in

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Greek Golden Visa’s New Bond/Equity/Deposit Options to Start at €400k

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:

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Greece to Dethrone EB-5 as World’s Biggest Golden Visa by Year-End

Since the suspension of Canada’s federal Investor Immigrant Program in 2012 (and its complete closure in 2014), the world’s undisputedly most popular golden visa has been the US EB-5 program. That will change before this year is over. Tiny Greece, which has a population of 11 million and a land area that equates to only

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It’s Official: Greek Golden Visa Biggest in Europe, Breathing Down US EB-5’s Neck

In the first half of 2018 alone, Greece issued nearly 3,000 golden visas – or the equivalent of all golden visas issued in Portugal over the last two years – bringing its grand total of golden visas issued since 2013 (main applicants only) to 8,367, leaving all its European competitors in the dust.  When last

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Greek Golden Visa: €400k Share, Bond, REIT, Deposit, Business Investment Options Coming Soon

It’s been more than a year since the Greek government first announced its intention to expand the investment options available under its Golden Visa program. In an amendment submitted to Parliament this week, the Ministry of Migration Policy announced plans to introduce a wide range of alternative asset classes from which prospective investor residents will

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Changes Coming to Greek Golden Visa Investment Options – No Longer Just Real Estate

Greek Minister of Economy and Development, Yannis Dragasakis, revealed this week that his office is preparing legislation that will widen the choice of investment types available to applicants under the Greek Golden Visa program, for which real estate is currently the only eligible investment category. An expansion of the investment selection has been on the

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Greece’s Golden Visa Becoming Europe’s Most Popular – 2,305 Main Applicants in 2017 Alone

If official statistics are to be believed (and, indeed, correctly interpreted), Greece’s Golden Visa program saw 2,305 main applicants and 3,394 dependents qualify for residence in the Hellenic Republic in 2017 alone, reveal fresh data from Enterprise Greece. Portugal’s Golden Visa program, by contrast, registered 1,351 main applicants and 2,678 dependents during the same period. While

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2017 Best Year on Record for Greek Golden Visa

Europe’s third most popular residence by investment program – after those of Portugal and Spain – the Greek Golden Visa, saw 648 residence permits issued to investors in 2017, marking another record year for applications and bringing the cumulative number of golden visas issued to 2,170. Unlike its Mediterranean cousins, however, Greece’s program has recorded four

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Greek Real Estate Market Turning Around Thanks to Golden Visa, Growing Economy

Following eight consecutive years of decline, Greek residential real estate prices appear to be bottoming out. The country’s golden visa program can take much of the credit for putting the breaks on. Figures from the Bank of Greece reveal that, by the third quarter of 2017, home prices nationally had fallen by only 0.07% year

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Greece’s Online Foreclosure Auctions Will be a Hit Among Chinese Investors, Says Juwai.com CEO

Chinese investors are positively smitten by the Greek real estate market and its accompanying Golden Visa program. Investment Migration Insider has previously reported that Chinese nationals account for nearly half of the 2,079 investors who have received a residence permit in Greece in exchange for property acquisition since the program – which has raised €1.5

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Greek Golden Visa Raises €1.5 Billion; On Track for Record Year Driven by Chinese Interest

At 2,079 cumulative Golden Visa issuances from 2013 to October this year, Greece is the third most popular residence by investment option in Europe, surpassed only by Portugal and Spain. According to Minister of Economy and Growth, Dimitris Papadimitriou, the program has helped raise €1.5 billion so far, a number he expects to grow significantly over the

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