The golden visa amendment was tabled – What changes

The limits for obtaining a golden visa are changing, in some areas of the country, with the amendment of the Ministry of Development and Investments submitted to a bill of the Ministry of Health.

500,000 euros is the minimum value of the real estate at the time of its acquisition as well as the total contractual rent of the leases of hotel accommodation or tourist homes for the Regional Units of the North, Central and South Athens Sectors of the Attica Region, Mykonos, Santorini and the Municipality Thessaloniki.

This amount must be paid in full before submitting the request for the granting of the permanent investor residence permit.

In the case of the investment through the purchase of real estate, in the above areas, it is carried out in a single property. In the case of undivided co-ownership, then the minimum value of the co-ownership percentage is 500,000 and the investment is made in a single property.

For the rest of the country, the minimum value of the property is set at 250.00 euros.

Citizens of third countries – holders of an investor’s permanent residence permit can renew their residence permit for the same duration as long as the property remains in their ownership or prefecture and the period of their absence from the country is not a problem. Also for citizens of third countries who own real estate, the possibility of renting them is provided.

The issuance of a residence permit is granted within two months of completing the file.

Third-country nationals have until 31 December 2023 to complete ongoing contracts for the areas where the borders are changing.

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