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Greece

Speaker of Cyprus Assembly Resigns Over Golden Visa Scandal

The Speaker of the House of Representatives in Cyprus, Demetris Syllouris, resigned on Thursday following corruption allegations implicating him and other officials in the selling of passports to convicted felons. Political parties demanded his resignation after he and another lawmaker,...

Cyprus Suspends Golden Visa Program Due to Corruption Allegations

The nation of Cyprus has abruptly stopped the issuance of Golden Visas after a press report  and video showed alleged corruption in the process, in which foreigners were welcomed to pay for a visa allowing them residence in the...

Coronavirus Measures Hinder Chinese Investors on 'Golden Visa' Program

More than 120 families of Chinese "Golden Visa" investors and another 100 prospective buyers are not allowed to enter Greece due to the coronavirus preventive measures. The "Golden Visa" program allows a foreign, non-EU individual or family to become residents...

Chinese Surge for Greece's Golden Visa Expected Post-Covid Restrictions

The coronavirus pandemic has caused a significant drop in the number of Golden Visas awarded by Greece to Chinese citizens, says a report released on Wednesday by Juwai IQI, a holding company comprised of two Asian real estate super-brands. The...

Chinese Investors Rush to Greece for Golden Visa

The Chinese are setting records for the number of so-called "Golden Visas," or investment visas, they are obtaining in Greece, according to statistics released recently by the Greek government. Chinese investors account for an amazing 68 percent of all Greek...

Greece Sets New, Higher Investment Criteria for Golden Visa Program

Greece launched a new set of criteria on Thursday for offering a Golden Visa to foreign citizens, setting out procedures for the granting of a five-year entrance and residence permit in Greece to non-EU nationals. More specifically, in order to...

'Golden Visas' show 46% Increase in 2018

Greece saw an increase of 46 percent in the number of residence permits given to non-EU citizens who took advantage of the "Golden Visa" program in 2018, Kathimerini daily reports. The program provides renewable residence and work permits to individuals...

''Golden Visa'' Investors and Tourism Boosting Greece's Recovery

  The Greek economy is currently undergoing a major transformation, mainly because of the real estate boom and record-breaking tourist arrivals, the New York Times reported on Wednesday. The American newspaper analyzed the two major factors which are contributing to Greece's...

Greece to Expand ''Golden Visa'' Granting Criteria

The Greek Ministry of the Economy brought a bill to the Parliament on Friday, with which it intends to broaden the criteria of the ''Golden Visa'' program. After the bill is voted on, the Greek State will be able to...

Golden Visa, Airbnb Drive Greeks Out of Housing Market

The real estate market in Greece is booming because of an extraordinary amount of sales to foreigners who want to receive the so-called "Golden Visa", while an increase in the number of people who short-lease their apartments to platforms like Airbnb is driving up rent prices.

Greece to Expand Its 'Golden Visa' Scheme

The expansion of the "golden visa" foreign investors incentive program is among the priorities of the Economy and Development Ministry of Greece. At a press briefing on the Ministry’s plan over the next two months, Stergios Pitsiorlas, Greece’s alternate Minister...

Record Number of Foreign Investors Use 'Golden Visa' Scheme in Greece

Record numbers of non-EU investors are granted the "Golden Visa" scheme that entitles them to a Greek residence permit in return for major investments, new data show. Chinese top the list with 1,395 permits, followed by Russians at 429, and...

Greece Looks to Expand 'Golden Visa' Scheme for Investors

More so-called 'golden visas' for major non-EU investors in Greece could be on the way. An amendment in parliament submitted by Greece's Migration Policy Ministry would broaden the definition of people entitled to a Greek residence permit in return for...

Chinese Investors to be Presented with ‘Golden Visa’ Opportunity for Greek Investment Products

The "golden visa” program is one in which non-European Union citizens can obtain a visa by a minimum investment in a property of 250,000 euros. As recently as March, the Economy and Development Ministry started discussing different categories of investment...

Chinese Investors First in Taking Advantage of Greece's Golden Visa Program

The Golden Visa program is one of the most inventive projects created by Greece's Ministry of Economy to lure foreign investors in order to help the country's economy recover from the slump. The Golden Visa program is offering five-year residency...