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The Golden Visa Programme was launched in Greece in 2014 and since then has seen rapid growth with International investors embracing the option to invest in Europe. Since then, it has been optimized to include more flexible, inclusive, and friendly terms.
In an effort to attract a broader variety and an even larger number of investments, the Greek government is discussing a few upcoming amendments for the Golden Visa Programme.
Even though the amendments have not been voted upon yet, the alleged changes will include the following:
- Investors will now be able to apply for a Golden Visa (permanent residence permit) by depositing funds, 400.000€ or more, in a Greek Bank, without the option for withdrawals for several years.
- They will also be able to invest in an already established Greek company by becoming a shareholder by participating in the capital increase of the company by investing once again 400.000 €. Previously, they were only able to start a their own business rather than invest in an already established one.
- Moreover, assets like government bonds or listed shares will also be considered an eligible investment, further broadening the options for investors.
It is important to note that this is a positive change, increasing the options offered to foreign investors that wish to apply for a permanent residence permit in the Schengen Zone and as far as we know these changes will not affect the existing terms of the Programme.
To put this into context, so far one could apply for a Golden Visa either by purchasing any type and any number of real estate in Greece, or setting up a company in Greece, both at a minimum of 250.000€ . These options will continue to exist. The changes stated about are merely add-ons, at a higher minimum amount of investment, for investors who are interested in alternative business endeavors.
FOLLOW THE LINK TO CONTINUE READING THE ACTUAL ARTICLE:https://goldenvisa-greece.com/en/investment-news-greece/changes-greek-golden-visa-law-ways-to-invest-2018/
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