The Greece Golden Visa remains a popular option for investors seeking residence permits in Europe. As of 2024, the Greek government has decided to implement some key changes to the program. Here are the updated details investors need to know.

New Regulations and Expected Changes The Greek Minister of Finance has announced new regulations for the Golden Visa program. These changes, effective from August 31, 2024, will introduce a new dual-zone system for real estate investments. For investors, this means two different investment options, with geographic regions playing a crucial role in investment requirements.

Investment Options and Requirements

Tier 1 | €800,000: This option will apply to regions like Attica, Thessaloniki, Mykonos, Santorini, and islands with a population over 3,100.
Tier 2 | €400,000: This option will apply to the rest of Greece, encouraging investments across a broader area.

Investments must be made in properties of at least 120 square meters for both options.

Implications for Current and Future Applicants The new changes will not affect current applicants. Those who have already applied will continue their process under the old rules, ensuring that their investments and efforts are secure.

What the New Law Means These new regulations will take effect on August 31, 2024, allowing investors to apply under the old minimum investment threshold within specific dates. The new rules aim to guide the interest and demand of investors towards the Greek real estate market.

Frequently Asked Questions about the Greece Golden Visa

Which areas will the €800,000 investment threshold cover?
How to obtain consultancy services for the Greece Golden Visa?

Investment and Citizenship Consultancy Notte Global is a full-service consultancy firm offering investment and citizenship services worldwide. With our local office in Athens and a team of legal and real estate experts, we assist investors considering investments in Greece.

For more information about these new changes in the Greece Golden Visa program and support during your application process, please contact us.