Greece Golden Visa continues to be a popular option for investors seeking residency permits in Europe. As of 2024, the Greek government has decided to implement some significant changes to this program. Here are the latest updates investors need to know.

New Regulations and Expected Changes

The Greek Finance Minister has announced new regulations for the Golden Visa program. Effective from August 31, 2024, these changes introduce a new dual-zone system for real estate investments. For investors, this means two different investment options, with geographical regions playing a significant role in investment requirements.

Investment Options and Requirements

Tier 1 | €800,000: Applicable in regions such as Attica, Thessaloniki, Mykonos, Santorini, and islands with a population over 3,100.

Tier 2 | €400,000: Applicable in other regions of Greece, encouraging investment in a broader area.

For both options, the investment must be made in a property of at least 120 square meters.

Impact on Current and Future Applicants

The new changes will not affect current applicants. Those who have already applied will continue their processes under the old rules. This means that the investments and efforts of current applicants are secured.

Expected Impacts of the New Law

These new regulations will come into effect on August 31, 2024, and investors will have the opportunity to apply within certain dates to benefit from the old minimum investment threshold. The new rules aim to guide investor interest and demand in the Greek real estate market.

Investment and Citizenship Consultancy

Notte Global is a consultancy firm providing worldwide services in investment and citizenship matters. With our local office in Athens and our 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 to get support in your application process, please contact us.