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What changes are the Greek government considering when it comes to property value and the investment amount for its Golden Visa program?

I am interested in the Greek residency by investment program but I heard that there might be new requirements soon. What can we expect?


Answers
  • Energopiisi SA Investment Consulting Services
    November 20, 2020

    The Greek program starts from 250,000 euros investment amount in property. Up to now there are no announcements for new changes. But early in this year, the below legal amendment was voted in Greek immigration law "By joint decision of the Ministers of finance, development and investment and immigration and asylum, the amount of the investment of the above paragraph in real estate can be adjusted, as well as lists of areas of the territory, with a duration of at least five years, for which a differentiation may apply. The amount of the investment of the above paragraph will be adjusted, taking into account elements such as development targeting, tourism development, geographical location, as well as the commercial or objective values ​​of the real estate located in these areas upon regulation of any other details for the application of the above provisions."

  • Foutsis & Partners Law Firm
    November 20, 2020

    For the time being no changes have been announced. The investment programme was voted during 2019 and is too early to change.

  • VV Legal
    November 19, 2020

    Until now there is not any official new policy of the Greek Golden Visa program. The minimum amount of investment remains 250000 Euros.