Economy

In which regions the threshold for obtaining a “Golden Visa” is doubled

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What does the regulation that the government is expected to promote next week in Parliament provide for?

The limits for obtaining a “Golden Visa” are doubled when the investment concerns specific areas.

This will provide for legislation that the government is preparing, as Deputy Minister of Development and Investments Nikos Papathanasis said in a conversation with journalists.

Mr. Papathanasis announced that the government will promote next week in Parliament a regulation that provides for the imposition of a limit 500,000 euros to secure a residence permit through the “Golden Visa” program, among others, for Thessaloniki, Mykonos and Santorini. Regarding Attica, he said that they will be excluded from the limit of 500,000 euros for the eastern and western suburbs, as well as Piraeus, while on the contrary the northern and southern suburbs of Attica will be included. For the other regions, the limit of 250,000 euros will remain.

At the same time, according to information, with the new regime it is possible to allow the securing of a license in expensive areas and through the purchase of up to two apartments (e.g. worth 250,000 euros each), as long as they are located on the same property.

As the deputy minister noted, the goal is to highlight other areas of the country, where investment funds can be directed, apart from those that have so far garnered the most interest.

As far as the implementation time of the regulation is concerned, it is worth noting that a window of time will be given until the beginning of 2023 for the signing of pre-contracts for the purchase of real estate, based on the current regime.

RES-EMP

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