Greece doubles the amount required to obtain Residency

On Saturday 10th of September, the Greek government discussed a set of topics, plans and its agenda for the next year, one of the main announcements was the government’s intention to double the minimum investment in the golden visa program in Greece from 250,000 to 500,000 Euros, it is unclear at this point When will this decision go into effect, but many local sources in Greece expect it to be in early 2023.

The popularity of the Greece Golden Visa program is increasing day by day for those looking for residence in Europe. The Greek government launched this program in 2013 to boost its economy. The program provides the opportunity for investors and their eligible family members to obtain permanent residency. Investors wishing to apply for the program must make an investment in the real estate sector in Greece (apartment, house, shop, plot of land or group of real estate assets) with a value of at least 250,000 euros to obtain residency, and they are required to maintain ownership of the purchased property for life. This program qualifies you to obtain the citizenship and passport of Greece, which ranks 9th according to the Reach Immigration Passport Index in the passport classification, as it allows you to enter 184 destinations around the world without a visa or visa on arrival, you can get more information about this program by visiting our website here.

 

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