LAW 5007/2022 (O.G.G. Α 241/23.12.2022)

WHAT CHANGES REGARDING GREEK GOLDEN VISA

NEW THRESHOLD FOR GREEK GOLDEN VISA

The minimum of the Greek Golden Visa scheme via real estate investment will double from 250.000 EUR to 500.000 EUR in specific municipalities in Greece.

AREAS WITH THE NEW MINIMUM THRESHOLD OF 500,000 EUR

The new changes will be applied to the North, the Central and South Sector of Athens in the Attica Region, the islands of Mykonos and Santorini and the Municipality of Thessaloniki.

OTHER LIMITS IN THE PROPERTY INVESTMENT

In the areas where the threshold is increased to 500.000 EUR, investors will have to invest only in one (1) property.

In the areas where the threshold remains 250.000 EUR, the investors will still have the option to invest in multiple properties, to reach the minimum of 250.000 EUR.

WHEN WILL THE CHANGES BE APPLIED

The changes will apply from 1-1-2023. However, third-country citizens will still be able until 31-12-2023 to complete contracts that are in progress in the areas affected and still apply under the old 250.000 scheme, as long as they pay a 10% of the property value as a deposit before 30-4-2023.

If the deal for a certain property (or properties) falls through, the investors will be able to proceed with another property (or properties) and still apply under the old 250.000 scheme, provided they will have concluded the transaction up to 31-12-2023.

POWER OF ATTORNEYS (POA) CERTIFIED WITH APOSTILLE STAMP

Third-country citizens will now be able to proceed by signing a Power of Attorney (POA) in their country, without visiting Greece, not only in front of the Greek Consulates but also in front of any foreign Notary, provided that the POA will be certified with Apostille Stamp.

With at least 2 years experience on Greek Notarial office in Athens or out of Athens, excellent knowledge of Microsoft word / office  and use of Greek Notary platforms like my property , Ktimatologio etc. Excellent knowledge of Greek language, knowledge of English language level B+ , attention to detail and personal skills to be able to deal with clients highly appreciated. Εxcellent office space and excellent  salary package . 

Read more ...

The Greek Government has decided to increase the minimum investment amount for the Greek Golden Visa program from 250.000 to 500.000 euros.

This change will probably take effect within the next month. We wait for a new official announcement regarding the exact date and the transitional period. We do not know if this change will only apply to properties in certain locations.

The residence permits already issued will not be affected and can be renewed normally.

Following the official government announcement regarding the “reopening” of the Greek tourism industry on 14^th May 2021 and the intensive preparations the Greek State is making for that opening, Greece is expected to be once again one of the most popular and safe tourist destinations of summer 2021. Let us look into the three main reasons why Greece is expected to be one of the top picks for foreign tourists.

• Covid-Free Islands

The vaccination of the general public in Greece is progressing quickly. By the beginning of March, 18 small population Greek islands have already been labeled as “Covid-free Islands” as 100% of their population has been vaccinated against Covid-19 and have been deemed perfectly safe for tourists. By the end of March ten more Greek islands are expended to be added to the “Covid-free” list.

• Vaccination of tourism industry workers

To ensure the safety of tourists, after the vaccination of the most vulnerable members of the population has been completed, Greece will give priority to the vaccination of 800.000 tourism industry workers.

• Selective entry of tourists

Greece will only allow tourists who have been vaccinated or gained immunity after having successfully recovered from Covid 19 or have recently tested negative to enter the country.

Taking all of the above into consideration the future of the Greek tourism industry for Summer 2021 is looking quite promising.