Changes to Golden Visa?

Kathimerini English - - Focus -

The Econ­omy and De­vel­op­ment Min­istry is about to start ex­am­in­ing how it could ex­pand the pro­gram which of­fers visas to nonEuro­pean Union cit­i­zens to more in­vest­ment cat­e­gories be­sides prop­er­ties in an at­tempt to im­prove the ex­ist­ing frame­work.

A meet­ing on that sub­ject yes­ter­day de­cided that the min­i­mum in­vest­ment re­quire­ment of 250,000 eu­ros for a so-called Golden Visa will be re­tained for the time be­ing, while also dis­cussing whether the in­cen­tive could be ex­panded to other in­vest­ment cat­e­gories, such as stocks and bonds. These op­tions are of­fered in sim­i­lar pro­grams in other coun­tries.


Fur­ther­more, the min­istry is pre­par­ing to hold dis­cus­sions with other min­istries about the pos­si­bil­ity of pro­vid­ing the ad­di­tional in­cen­tive of Greek cit­i­zen­ship for in­vestors. Prop­erty mar­ket as­so­ci­a­tions have in fact been de­mand­ing such an in­cen­tive for sev­eral years, as its in­clu­sion in the pro­grams of other coun­tries, such as Por­tu­gal’s, has proven par­tic­u­larly suc­cess­ful, bol­ster­ing in­vestor num­bers.

Yes­ter­day’s meet­ing also de­cided to step up in­for­ma­tion cam­paigns about the Golden Visa pro­gram at the coun­try’s con­sulates and em­bassies around the world, as it has not fetched the an­tic­i­pated re­sults in the years since it was first in­tro­duced in Greece.

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