Greek authorities have decided to postpone for three months the decision to increase the minimum investment amount for the Golden Visa program in certain regions of the country.
This means that wealthy foreign nationals interested in the Greek Golden Visa program will still be able to benefit from this program by investing €250,000 instead of €500,000 until July 31. SchengenVisaInfo.com reports.
Greek Prime Minister Kyriakos Mitsotakis previously announced that the State would increase the minimum investment amount for the Golden Visa program from May 1 of this year.
Following the announcement of the change in the investment amount for one’s residency through the investment program, known as the Golden Visa program, an influx of applications for this program was recorded.
Based on figures provided by the Department of Immigration and Asylum, the number of Greek Golden Visa applications jumped by 252 percent in total, totaling 1,446 requests in January and February this year, compared to 411 recorded during the same period last year.
The ministry also revealed that in the first two months of this year, the number of golden visas issued was 574, representing a 101 percent increase compared to those issued during the same period of the year. last, where 286 visa applications were issued.
Furthermore, a report published by Mono News indicates that a total of 17,916 residence permit applications were submitted to investors. Of the total, 69 percent have benefited from Greece’s Golden Visa program, while 30 percent are still pending, while one percent of the total applications have been rejected.
Additionally, a study by immigration investment program Astons found that online searches for the Hellenic Republic’s residency by investment program increased by 75 percent in the last month alone.
Astons’ analysis, focusing on global Google search trends related to the topic of residency by investment and citizenship by investment program, found that searches for Greek investment projects increased significantly in March of this year.
The report shows that while searches for the Hellenic Republic’s citizenship by investment program increased by 16.8 percent between March and April, searches for the residency by investment program increased by 7.7 percent.
Greece’s Golden Visa program gives wealthy foreign investors the opportunity to acquire residency in this country. To benefit from this scheme, applicants must make a financial contribution to the Hellenic Republic, in addition to other conditions that they are required to fulfill.
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