Pandemic Pummels Greek Golden Visa in Q2, But Policy Changes Offer Promise of Comeback in Q3
New procedural measures will make remote-application feasible and boost application volumes, but they did not take effect in time to save Q2.
Read more
greek
10 on the Weekend – Alexander Risvas: Greek Golden Visa is a “National Effort”
Alexander 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 more
Pandemic Has Robbed Greek and Portuguese Golden Visas of Nearly EUR 300 Million So Far
Greece 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 more
Weak Q3 Expected for Greek Golden Visa, But Flurry of Reforms May Bring a Roaring Q4
The government is heeding the advice of practitioners and speeding up golden visa processing. Their zeal, unfortunately, isn’t matched by local authorities.
Read more
Greek Amendments to Reduce Golden Visa Investment Risk, Demand Physical Presence for FIP-Visas
In 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
Greece to “Jump-Start” Golden Visa Program, Allow Investors to Apply by Proxy
“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 more
Shock-Figures Show Greek Golden Visa Hardest Hit by COVID-19
Q1 figures show Greece – where China has been the source of four-fifths of applicants over the last year – have been disproportionately slammed.
Read more
Greek Immigration Offices Close Over Covid-19 – Others Will Follow
Sneer not at the Italians, for there, but for the grace of about two weeks, go the rest of us.
Read more
After Waiting Two Years for Greek Golden Visas, 35 Investors Prepare Class Action Suit
The 35 Chinese applicants demand an immediate granting of their visas, compensation, and the bringing to justice of the responsible bureaucrats.
Read more
Inefficient Bureaucrats Costing Greece Billions in Lost Golden Visa Revenue Say Practitioners
Greek 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.
Read more
Chinese Investors’ Association Says Chinese Will Spend €1 Billion on Greek Golden Visas in 2020
The Association of Chinese Investors in Greece says their countrymen will spend €800 million to €1 billion on Greek golden visas in 2020. Is that realistic?
Read more
Greek Golden Visa Has Raised Some €2 Billion From Almost 19k Participants
Having already beaten all European records in 2018, there was little left for Greece to outperform in 2019 but its own achievements, which it did by 34%.
Read more
Chinese Agents Frustrated by Greek Golden Visa Developers’ Payment Issues
Paying returns to old investors with funds from new ones: In finance, that’s called a Ponzi scheme. In Golden Visa real estate, it’s par for the course.
Read more
Golden Visa Demand, VAT-Breaks See Athens-Region New Development Area Equivalent to Gibraltar
The Greek property market has taken a drastic turn for the better during 2019, spurred on by a VAT holiday and soaring demand for golden visas.
Read more
Greek Golden Visa to Surpass 2,000 Main Applicants in 2019, 40% Ahead of Closest EU Competitor
Greece’s residence by investment program is raising €23 million a week. Already Europe’s most popular program by far, its application volumes keep growing.
Read more
Greece Formally Approves Litany of New Asset Classes For Golden Visa Investment
After two years on the drawing board, the Greek government yesterday approved a variety of new investment options for its golden visa program.
Read more
Greek Govt. Tables Lump-Sum Tax of as Little as €25,000 For Qualified Investors
Greek Prime Minister Mitsotakis means business: Invest half a million; pay 100,000 in tax. Invest 1.5 million; pay 50,000. Invest 3 million; pay 25,000.
Read more
Greece to Allow Credit Card Payments for Residence by Investment Program
In a decision diametrically opposed to that of the previous government, Greek authorities move to allow the use of POS-terminals for golden visa investments.
Read more
Greek Capital-Region Immigration Offices Not Taking Any New Golden Visa Applications
Immigration offices in the capital region are turning away applications due to a lack of capacity. Fortunately, regional offices are picking up the slack.
Read more
More Than 15,000 People Now Hold Greek Residence by Investment Permits
The Greek golden visa program is raising capital to the tune of EUR 15-20 million a week, most of it attributable to Chinese investors.
Read more