Greek Government Announces Important Reforms to Golden Visa Program

When it comes to the world of Golden Visas, Portugal was certainly the most popular in the world! But what about other countries offering Golden Visa Programs? Actually, many other countries offer them, and today we are talking about one of these countries - Greece.

Greece Golden Visa doesn't get too much attention, but they are currently experiencing a surge in applicants, especially since Portuguese program got shut down.

In order to qualify for the Greek Golden visa, you'll need to invest 250 000 euros. This is the most cost effective option in the EU (Schengen).

This visa gives you unlimited access to Greece and there are no minimum stay requirements.
However, if you stay there for more than 6 months in a year you will become a Greek tax resident.

What is the biggest downside of this program?
One massive downside is that it technically DOESN'T lead to citizenship! Even though it says that you can qualify after 7 years of actually living in the country, in practice it's extremely difficult to get.

Also, keep in mind that this visa will not give you the right to live in other European countries, even though you will be able to travel around.

The biggest change to the Greek Golden Visa is that they're increasing the investment amount for the 4 main areas: Athens, Thessaloniki, Santorini and Mykonos. If you want to buy property in these areas that qualify for Golden Visa you will need to spend at least 500 000 euros.

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