What is the progress of the new investment option of the Greek Golden Visa program?

Answers

Mary Tsiganou

Synergia Technical and Consulting SA

On Mary Tsiganou answered:

The Greek government, in order to improve and supplement the current resident permit scheme for third-country nationals investing in Greece (the Golden Visa), recently voted on a legal amendment which extends the scope of the existing scheme by adding intangible investments to investment activities for which a permanent resident permit may be issued to third-country nationals. Joint ministerial decisions of the ministers of migration policy, economy and development and, where appropriate, foreign affairs, deal in particular with issues of application of the above provisions. Now in Greece, the elected government, totally focused and committed to investment, has already began its legislation work. After the issuance of the related circulars the participation of the investors could be feasible, within next weeks.

On Stilianos Proestakis answered:

I believe from autumn 2019 until the end of this year the new bill of the immigration code would take effect. The new parliament/government members are trying to catch up time.