Investors will have until next year, at least, to file under the current EUR 250k threshold, and changes will only apply in parts of the country.
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A Greek golden visa costs $50,000 less than a year ago. Combined with access to the EU and more upside potential, the program has never been more competitive relative to the Caribbean CIPs.
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The measure, said Prime Minister Mitsotakis in his speech, would “increase the affordability of real estate for Greeks.”
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Get the Greek golden visa in a matter of weeks without any transaction-related costs by investing in a term deposit, writes the Golden Visa Greece team.
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Choose properties on the open market, switch easily between investments if you later change your mind, and pay the same prices as locals.
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Foreign investors, retirees, and – in some cases – freelancers and employees can pay a single-digit rate of tax under Greece’s new regimes.
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The facts and figures speak for themselves: Greece offers the best deal in the world for residence by investment.
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The vast majority of golden visa investors in Greece choose real estate. For many, however, other investment options may be a better choice.
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Greece joins Portugal in banning Russians from its golden visa program. Further Western countries are expected to make similar announcements.
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Lawyer and PhD candidate Christina Georgaki credits the incumbent administration’s policy changes for driving increasing FDI into Greece.
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Like a balloon held under water and the released, the popularity of the Greek golden visa program is once more soaring as the world reopens.
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The Greek Golden Visa beat its closest EU rivals by a margin of 20% to officially regain the throne as Europe’s biggest golden visa in 2021.
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Digitally unprepared for COVID, Greece last year ceded the EU golden visa throne to Portugal. Now, the Greeks are back – with a vengeance.
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Approvals rise while processing times plummet. After a terrible 2020, the Greek Golden Visa is back in business. “The future looks bright,” says Panos Rozakis.
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The revision indicates that while 2020 was still a dismal year for the program, it was 133% better than previously signaled.
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Laboring under a pandemic, Greek bureaucrats might have been excused were it not for the starkly contrasting performance of Portuguese peers.
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While approvals for Portugal’s golden visa are already back on track for a statistically normal year, those of Greece have halted.
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Many bought qualifying homes in 2019 and were awaiting approvals. Now, they’re out EUR 250,000 and unable to enter Greece.
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The 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.
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New procedural measures will make remote-application feasible and boost application volumes, but they did not take effect in time to save Q2.
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