Greece issued 2.5x times more golden visas than Portugal in 2018

Best CitizenshipsUpdated 1 min read
Greece golden visa

Green has become super-attractive for golden visas and property investment. With just 31 people applied for golden visa in  2013, in a span of five years, this number quickly rocketed to 3,620 golden visa permits in 2018, making greek golden visa scheme best in Europe.

Greece requires just €250,000 real estate investment and foreigners can receive five year permanent residence permit and free movement in the the schengen area. Property buyers are free to invest in residential, hotels, resorts or commercial properties and also free to let the property for rent or airbnb.

 

Golden visa Portugal Greece
Inception 2012 2013
Required investment €350,000 €250,000
Total Investment €4.25 billion €2.2 billion
Residence permits for property investors in 2018 1409 3620  (until Nov 2018)
Residence permits for family members in 2018 2500 6136
Permits issued per month in 2018 for property investment 117  301
Average property investment per golden visa €585,000 –
Golden visa path to citizenship Yes, after 5-6 years Yes after 7 years

Source: SEF, Enterprise Greece

Written by

Best Citizenships

Mr. Prabhu Balakrishnan, is the Founder and CEO of Best Citizenships. World's Leading expert in citizenship and residence by investment programs 15+ years experience with high net worth clients. Founded several startup brands for CBI industry. A Pioneer advocating Global mobility with dual Citizenship. Other interests include migration, computers, finance, travel, startups and crypto.

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