Commission Urges EU States to Terminate ‘Golden Passport’ Schemes

By admin 29 Μαρτίου 2022 No comment

The European Commission is calling on EU states to take immediate action on “golden visa” schemes as these threaten security and facilitate corruption particularly in view of the Russia-Ukraine war. “European values are not for sale. We consider that the sale of citizenship through ‘golden passports’ is illegal under EU law and poses serious risks to […]

EU Wants to Stop Shady Golden Visa Schemes

By admin 11 Μαρτίου 2022 No comment

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MEPs ask the Commission to prepare a legislative proposal banning the sale of European citizenship and regulating “golden visas” Photo © AdS/hamzeh EU lawmakers voted on Wednesday to restrict “golden visa” schemes in efforts to tackle shady money dealings. By majority vote, MEPs called for a ban on “golden visa” programs and an EU-wide regulation on […]

Mykonos, Paros and Santorini Maintain Investment Dynamic

By admin 4 Μαρτίου 2022 No comment

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Mykonos island, Greece. Photo source: Algean Properties – Ride the Wave Yields Report 2022 Eight Greek destinations, including the popular tourist islands of Mykonos, Paros and Santorini, are among 30 in the Mediterranean ensuring the highest returns and keeping their investment dynamic strong, according to a report released this week by Algean Property. According to […]

MEPs Call for End of Golden Passport Schemes

By admin 16 Φεβρουαρίου 2022 No comment

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Photo source: European Parliament Members of the European Parliament are calling for a ban on the so-called “golden passport” schemes, which they said in a draft legislative initiative are “objectionable ethically, legally and economically and pose several serious security risks”. The European Parliament’s Committee on Civil Liberties, Justice and Home Affairs approved on

Greece Sees High Investment Interest Through Golden Visa Program

By admin 31 Ιανουαρίου 2022 No comment

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Photo source: @Athens Attica Greece’s golden visa program, which grants five-year residency rights to investors who purchase property valued at a minimum of 250,000 euros, is attracting more buyers due to political and economic instability in their countries, Greek newspaper Kathimerini reports. Residents of Turkey, Lebanon, India, Iran and Russia are

Greece’s Golden Visa Reviving Covid-hit Property Market

By admin 17 Νοεμβρίου 2021 No comment

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Greece’s investor visa scheme, which grants five-year residency rights to investors who purchase property valued at a minimum of 250,000 euros, is reviving the property market, which was impacted by the Covid-19 pandemic. According to the migration and asylum ministry, 747 new permits have been granted from the beginning of 2021 to October. So far in […]

Covid-19 Puts a Brake on Greece’s Golden Visa Scheme

By admin 17 Νοεμβρίου 2020 No comment

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Greece’s popular golden visa program, which has channelled more than 2 billion euros of foreign capital into the local property market since its launch in 2014, granting in the meantime, 6,304 residence permits to non-Greeks, has been impacted by the coronavirus pandemic. More specifically, according to the migration and asylum ministry, the number of visas […]

Greece’s Chinese Golden Visa Investors Protest

By admin 1 Σεπτεμβρίου 2020 No comment

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Chinese investors who purchased real estate in Greece under the ongoing Golden Visa program are expressing their discontent with Covid-19-related travel restrictions which do no allow them to visit their properties or to complete visa procedures. According to Greek media reports, the Sino-Hellenic Investors’ Confederation, which was launched earlier this year, said in a

Greece Seeks to Re-launch Golden Visa Program

By admin 21 Απριλίου 2020 No comment

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The Greek government is examining the re-launch of its golden visa program, which has been suspended due to the coronavirus outbreak, in an attempt to give the economy a much-needed boost after the health crisis subsides. “We are very interested in jump starting the real estate market and in this direction, we are immediately relaunching […]