Recent changes in Greece’s Golden Visa Program have sparked a remarkable escalation in demand, attracting investors seeking a thriving investment gateway. Effective from August 2023, Greek Golden Visa Program’s minimum investment has escalated to €500,000, previously set at €250,000. This enhancement opens the doors by granting investors the privileges of residency, high-quality education, healthcare, and cultural experiences of Greece.
The Greek Permanent Residency Program increased in applications in 2022 and continues to trend among investors in 2023. Last year, over 4000 applications were filed, which is more than double the number of applications received in 2021. In addition, 412 permits were issued in May this year, more than 220 last year. This significant spike in demand results from the new changes in this Golden Visa Program, announced by the Greek Prime Minister. The new changes mean that foreign investors are now required to invest a total of EUR 500,000 instead of EUR 200,000.
A Visionary Decision by the Prime Minister
This news of the Greece Golden Visa price increase was announced by the Greek Prime Minister, Kyriakos Mitsotakis, stating that:
“To increase the affordability of real estate for Greeks, we are now increasing the minimum investment required for issuing a golden visa from €250,000 to €500,000 (£434,000, $500,000).”
By emphasizing the need to boost the affordability of real estate for Greeks, this decision fosters a harmonious environment for international and local investors. According to the media, changes will be applied to the North part of the Hellenic Republic, the Central and South Sector of Athens in the Attica Region, and the islands of Mykonos and the Municipality of Thessaloniki.
Unraveling the Path to Residency
Unlock the gateway to Greek residency through the Residency by Investment Program. It is an opportunity reserved for international investors willing to contribute to Greece’s economic prosperity. Our team experts at Saad Ahsan Law Immigration Firm will navigate the application process, ensuring a smooth and efficient journey.
Fostering Economic Growth – Your Investment Matters
Beyond the benefits of residency, your investment plays a pivotal role in fostering economic growth in Greece. As per the figures provided by Greece’s Ministry of Migration, the Golden Visa Program contributed nearly €1 billion to the country’s prosperity in the first five months of 2023.
How can Saad Ahsan Immigration Law Firm help you?
Navigating the complexities of immigration and residency demands expertise and precision. At Saad Ahsan Law Immigration Firm, we pride ourselves on our profound understanding of the field. We offer guidance that ensures a seamless, efficient, and informed process for our esteemed clients. So, feel free to contact us as we can help you embark on your journey towards becoming a Greek resident.
