The Investment Migration Knowledge Platform
Despite a flurry of program-enhancing policy changes, the Greek golden visa’s performance in 2020 was lackluster compared to Portugal’s. Why?
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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 government is heeding the advice of practitioners and speeding up golden visa processing. Their zeal, unfortunately, isn’t matched by local authorities.
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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.
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Immigration offices in the capital region are turning away applications due to a lack of capacity. Fortunately, regional offices are picking up the slack.
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Greek property just got a whole lot cheaper. The new government has declared it will not collect VAT on real estate investments for the next three years.
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Mahmoudi maintains that Portugal has the world’s best golden visa. In response, Rozakis lists the reasons why that is not the case.
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