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Innovations in the Greek “golden visa”

Innovations in the Greek “golden visa”

Some sources report that Greek municipalities will be divided into three zones, each with different investment requirements. For example, the first zone (A) – the minimum investment threshold is €800,000, zone B – the minimum investment threshold is €400,000 – €500,000, zone C – the minimum investment threshold is €250,000.

The effective date of the new rules is currently unknown. Last time, when the investment threshold was raised, a transition period was provided. Now experts suggest that the transition period could be up to 6 months.

It is possible, as local lawyers report, that investors will not be able to rent out real estate located in the centers of large cities for short-term rent. But new opportunities will be available for applicants. For example, the updated golden visa will allow the investor and his family members to work. And also apply for citizenship seven years after receiving a residence permit, subject to passing the exams.

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