Golden Visa Program to make a return in Greece post COVID-19

Greece Golden Visa

Greece is all set to relaunch its Golden Visa Program. It’s a great chance for those who wish to migrate overseas and settle down in Europe through an investment.

The Golden Visa Program is one that enables non-EU individuals to get permanent residence in European countries like Greece.

The Greece permanent residency program helps a non-EU family to get permanent residency in the country in a short time by making an investment of €250,000 in real estate.

The family members counted under this program includes parents of spouses and dependent children up to the age of 24 years.

The time taken to get a permanent residence through the Golden Visa Program is as short as 3 months.

With a permanent resident visa, one can do visa-free travel to every nation of the Schengen zone for up to 90 days in a 6-month period.

Also, it enables one to exercise a right to apply for EU citizenship.

After months of inactivity on the immigration front due to COVID-19, Greece has now plan to relaunch the Golden Visa Program.

Greece is intending to relaunch the program with the changes made in it prior to the COVID-19 pandemic broke out.

The program is being relaunched not only to revive the immigration scene but also to revive the real estate industry in Greece.

Plans are being made to speed up the growth rate in the real estate area by removing the bureaucratic obstacles in the property market.

The changes made in the Golden Visa Program are:

  • Enable Golden Visa investors to submit remote applications directly to the Ministry of Migration through authorized attorneys
  • Permit submission of biometric data at a later stage
  • Facilitate collection possible by showing a certified passport copy
  • Facilitate collection of Golden Visas already issued and additional documents submitted through courier

Though the program has invited a great deal of criticism, Greece is banking on it to accelerate its growth in more than one sector.

If you are looking to Study, Work, Visit, Invest or Migrate to Europe, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

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Anshul Singhal

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