Greece has the most popular golden visa scheme in Europe. It is also cheapest, at half the price of Portugal at EUR 250,000 in real estate. The Greek golden visa scheme also took first place in 2019 golden visa rankings
Currently Greece also expanding the golden visa scheme to include non-tangible instruments such as bonds, shares for EUR 400,000 which is to be included in golden visa investment options and soon to be made into law.
Golden visa offers full path to Greek citizenship and passport. In 2019, Greece has the 6th powerful EU passport in the world with visa free access to 184 countries according to Henley index.
Enterprise Greece which advertises the Greek program abroad, stresses that investors do not even have to come to Greece several times in order to obtain the Greek passport. It only takes one visit for the signatures, and then they can receive their passport at their home. This was reported by Tornos News
The New 2018 Amendments to golden visa scheme offers full path to Greek citizenship and passport.
The decision of the Minister of Interior no. 130181/6353/27.3.2018, published in the Government Gazette 1208/?/2.4.2018, the residence permits of Real Estate Owners and permanent residence permit for Investors have been added to the categories of residence permits that are eligible for the submission of an application for the acquisition of Greek citizenship. In this case, the applicants must fulfill all the preconditions of the Greek Citizenship Code applied for the acquisition of Greek citizenship by naturalization. The ministerial decision applies only to the real estate owners and investors themselves, and not their family members, who must first obtain the long-term residence status, which is a prerequisite for naturalization.
An alien who is not an ethnic Greek must live in Greece for seven years before the declaration.
The Greek law also permits dual citizenship.
Greece has tightened requirements against money laundering through golden visas, currently does not permit purchases of real estate property either in cash or via POS.
Greece issued over 4200 residence permits to property investors according to migration office statistics and Greece is the top 10 destination in europe for hotel investors due to its booming tourism and property market.
These are the most popular greek cities for foreigners investing in property through golden visa scheme.
