The government is planning to pass the bill for re-instating the Golden Visa. The right to apply for the Golden Visa can be exercised not only by those investing in real estate, but also in financial institutions. Moreover, among the discussed conditions, capital placed in Investment companies in real estate is mentioned, with the ultimate goal of obtaining a Greek visa for five years that can, subsequently, be renewed, as well as deposits of 1 million euros in the repos of the Greek government.

This bill is intended to be in place by the summer, so that Greece becomes a pole of investment. Based on the data for the last 11 months of 2017, residence permits issued to foreign buyers exceed 560, with the total of 2,707, since the implementation in June 2014.

 

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