Athens, Greece – In a move aimed at refining its Golden Visa Program, Greece has unveiled new investment requirements that will take effect from [insert effective date]. This update to the program, which allows non-EU investors to obtain residency permits, is expected to attract higher-value investments and boost the country’s economy.
Under the revised regulations, prospective investors must now meet increased thresholds for property purchases and other qualifying investments. Specifically, the minimum property investment required for a Golden Visa has been raised from €250,000 to €500,000. This adjustment reflects Greece’s intention to focus on high-quality investments that contribute more significantly to the local economy.
Additionally, the new rules introduce enhanced due diligence procedures to ensure that applicants meet stringent financial and legal standards. These measures are designed to enhance the program’s integrity and align it with international best practices.
The Greek government has stated that these changes are part of a broader strategy to attract more substantial and sustainable foreign investment while addressing concerns about housing affordability and market speculation. By raising the bar for entry, Greece aims to foster a more positive impact on its real estate sector and ensure that investments contribute to long-term economic growth.
The Golden Visa Program has been a popular pathway for investors seeking residency in Greece, offering the benefits of living in one of Europe’s most sought-after destinations. With the new investment requirements, the program is set to continue playing a pivotal role in the country’s investment landscape.
For further information and details on the updated requirements, prospective applicants and interested parties are encouraged to visit the official Greek government website or consult with a legal expert specializing in immigration and investment matters.
