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Greece

Greece Extends €250,000 “Golden Visa” Program by 3 Months

The "Golden Visa" program in Greece has been extended for an additional three months, allowing individuals who are not citizens of the European Union to acquire residency by purchasing a  property for €250,000. After this period, the minimum cost required...

Human Trafficking: Greece Says Turkey Provides Student Visas to Somalis

Greek officials implored Turkey to try to stop the movement of migrants and refugees from its soil, charging that the individuals who have come over from that nation recently -- particularly from Somalia -- appear to have been part...

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...

US Embassy Urges Americans in Greece to Request Extension of Visa-Free Status

The consular section of the US Embassy in Greece issued a statement on Friday urging American citizens who are currently in Greece to apply for an extension if they cannot leave the country due to the ban on certain...

Greece Halts Visa Applications from China as it Prepares to Tackle Coronavirus

Greece has halted all visa applications from Chinese citizens at least until February 9 as health authorities are meeting early next week to assess the threat posed by the spread of coronavirus. A message sent to all travel agents by...

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.