New options of residence permits to be approved in Greece

In March 2019, the Ministry of Economy, Development and Tourism submitted a draft law to parliament with a proposal of new options for obtaining a Greek residence permit by investment.

According to the proposal, residence permits are to be issued to foreigners after the investment of EUR 400,000 in shares of Greek companies or in government bonds. The new changes are to be enforced from 1 July 2019.

Today, a residence permit in Greece is available through the investment in property with a minimum value of EUR 250,000 plus the applicable taxes. The Greece Golden Visa Program was launched in 2014 and is now one of the fastest and most affordable residence programs in Europe. It is most popular among wealthy Chinese and Russian citizens.

 

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