Greece Plans to Adjust Golden Visa Requirements to €800,000

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In a recent announcement, Greek Prime Minister Kyriakos Mitsotakis unveiled the government’s proposal to raise the investment threshold for the Golden Visa program for foreign investors to €800,000.

This adjustment would apply to properties located in cities and islands experiencing high demand.

However, a lower limit of €250,000 is expected to be maintained in certain areas.

The specific regions where the minimum real estate investment for the Golden Visa will be increased have not yet been disclosed.

Additionally, the government is contemplating stricter terms for the program, potentially requiring investors not to engage in short-term rentals of purchased properties. It is anticipated that real estate acquired under the Golden Visa program should be utilized for personal residence or long-term leasing.

Recall that in 2023, the Greek government raised the minimum investment threshold from €250,000 to €500,000 in specific sectors. This heightened threshold applied to real estate investments in select municipalities, including Athens, Thessaloniki, Mykonos, and Santorini.

📌 As of the latest information from the Greek Ministry of Migration, over 17,500 golden visas have been issued since 2018, solidifying Greece’s position as a leading destination for residence programs globally.

Key features of the Greek Golden Visa program include:

🔹 The cost of real estate for obtaining permanent residence begins at €250,000, covering various property types such as apartments, villas, townhouses, and secluded houses on the islands.

🔹 No requirement for permanent residence to maintain a resident card.

🔹Immediate permanent residence in Schengen for five years.

🔹Eligibility to apply for citizenship after seven years.

🔹The option for children and parents to obtain permanent residence alongside primary investor.

Moreover, Greece offers tax advantages to investors participating in the Golden Visa program. The country’s attractive conditions and the opportunity for permanent residence make it a sought-after destination for international investors.

Feod Group stands ready to provide comprehensive legal support throughout the Golden Visa process, from selecting real estate to completing the necessary procedures. This ensures investors experience maximum comfort and security when investing in Greece.

 

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    READ ALSO:

    🔹Greece Golden Visa
    🔹The Greek Golden Visa through Property Investment in Athens for €250,000
    🔹Permanent residence in the EU. How and where to get permanent residence in 2024
    🔹Residence permit and immigration to Greece
    🔹Golden Visa. Immigration to Europe through Investments

    Article author

    Anastasia Taran Head of Corporate Services
    Ukraine
    In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes i...
    In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes in immigration and corporate law of European countries, particularly:
    • family and corporate immigration solutions.
    • establishing a business in Europe.
    • personal and corporate taxation in Europe.
    • opening accounts in European banks.
    • obtaining a tax resident status.
    read more
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