You should not be concerned. You should open a Greek bank account, make the transaction and proceed.
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What measures are in place to ensure a secure Greek Golden Visa program?
I want to invest in property and get visas for my family but want to know more about the due-diligence procedures. What kinds of changes can we expect to regulations of the program since concerns were raised by the European Commission in recent months?
Answers
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The Greek Golden Visa program is one of the most secure and compliant with European legislation. Furthermore, every European country sets its own legislation framework for residence and citizenship issues, in compliance with the European-related guidelines. There are no changes under consideration to the existing legal provisions in force, so if you are qualified and fulfill the required preconditions to apply for the Greek Golden Visa program, according to the art.20 Law 4251/2014 you have nothing to worry about. The procedure is clear and simple. In any case advise an experienced consultant before in order to be informed accordingly about the steps and the necessary prerequisites to apply.
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The procedure is rather simple, as well as the documentation needed. Usually a proxy to the lawyer helps so everything can be managed by him. Mainly, you need to find a property of at least 250,000 euros to purchase. Then appoint at the competent office the documentation and a petition to set an appointment. This may take some time due to the large volume of ongoing petitions. The certificate is for five years with the right of renewal. I don’t believe changes to that application will occur in the future. In any case, ongoing holders and petitioners will be protected by the existing law. So I suggest if you are interested to proceed with that, to act with the ongoing legal circumstances.
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If you fulfill the recommendations at the time you apply for your Golden Visa program, that is all you need to ensure your acceptance by Greece legislation/authorities. The Greek Golden Visa program is more secure and promising than applying for actual Greek citizenship. Applications for visas and citizenship are the prerogative of each country itself besides the concerns of any body/commission/council/other country.
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No imminent changes are about to take place in relation to the Greek Golden Visa program, at least to the extent that you should be concerned of. Thus, provided that you meet the requirements set out by the Greek law, you can proceed to your intended investment and have nothing to worry about.
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