Greek Golden Visa Approvals Fell Nearly 90% in 2020, Portugal’s By 5%
Laboring under a pandemic, Greek bureaucrats might have been excused were it not for the starkly contrasting performance of Portuguese peers.
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.
Read moreThe 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 moreHaving 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 morePaying 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 moreThe 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 moreGreece’s residence by investment program is raising €23 million a week. Already Europe’s most popular program by far, its application volumes keep growing.
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