Changes for Greek Golden Visa

It's  Golden, it's a Visa and all the more, it's Greek!

Greek Golden Visa offers opportunity to non EU nationals, gain residence permit in Greece by investing in real property, such as houses, flats, hotels and touristic premises of all kinds, with a minimum value of €250.000.

The scheme initiated in 2014 (by law 4251/2014) and so far, 10,000 people have benefited from it. Some use it as a chance to invest in Greek land with an extra bonus. Others see it as a way out of a hostile past and a way in to a new home and a promising future ...
According to the latest (January 2019) amendments, the value of investment needs to be paid in full, upon the signature of the relevant contract. Payment shall be made either by non-transferable to third parties, bank checks or by money transfers to the bank account of the seller or the lessor.  Sale/purchase and leasing agreements need to take place before a notary public who shall take care of the legal formalities of the contracts to be concluded, shall receive the parties’ declarations and proof of payment of the investment and finally, shall take note of all payment details in the respective contracts.

New provisions are in force since December 24, 2018.
Greek Golden Visa will probably last for many years but the value of the investment needed is expected to rise.
We highly recommend that the interested parties, seek for legal advice and support by qualified lawyers and real property professionals. They will assist them to avoid trouble, tackle bureaucracy and enjoy a risk-free investment in Greece.
 
 January 2019, George Sabalos, Esq. (Hellenic Supreme Court) / Med. / Arb. (CEDR)