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You may be forgiven for assuming that the Greek and Portuguese golden visas are more or less the same. After all. both grant their holders EU residency, rely heavily on real estate investment, and follow a similar process.

Following the decision of the Ministry of Immigration and Asylum for the provisions of temporary protection towards displaced Ukrainian citizens, Greek Government proceeds to the adoption of additional measures of humanitarian sensitivity as aid to Ukrainian ci

Residency by investment (RBI) is a two-way venture. There is the immigration aspect, which in the case of Greece’s Golden Visa is the residency permit, and there is the investment factor, which can be quite complex and highly profitable – if done right.

Following the recent undesirable developments of the Ukraine crisis, Greece proceeds to the practical support towards the displaced 

By the adoption of the New Immigration Code in 2014, Greece entered the Golden Visa sector dynamically constituting one of the principal choices for investment immigration candidates.

The upturn of Greek economy is confirmed once more by the national bank of Greece, according to the relevant data indicating the “vertical” increase of foreign direct investments in Greece for 2021, even in comparison to the pre-COVID era.<

According to research by «Engel & Vοlkers Greece», a real estate agency with established global presence, the Real Estate Market is constantly and dynamically growing since 2021.

by Christian Henrik Nesheim

How do you spend your weekends?

The new Development Law 4887/2022 has been published providing a “breath” of growth for the country and henceforth the basic institutional framework regarding the provisions of state aids on private investments in Greece.

Following the idleness of the investment community recorded during 2020 due to the pandemic, 2021 seems to show improving statistics from foreign investors in Greece.

  The Ministries of Finance and Environment offer a new essential assistance to vendees and property owners.

The real estate market in Chalkidiki is starting off on an inclining course, following a relatively “idle” period due to Covid-19 pandemic. The numbers for 2021 were increased in comparison to 2020, whereas the demand in various areas exceeded pro-Covid rates.

According to a report issued by the National Bank of Greece on Monetary Policy, the bank institute asserts that the development of the real estate market in Greece will continue independently of any impediments which have emerged at the domestic market.

According to data collected by the international insurance company William Russel, Greece was listed within the top ten countries where citizens choose to live in 2022.

Greece welcomes the new year with a promising growth, following the increasing trajectory of December 2021, according to the economic indicator researched by the Foundation of Economic and Industrial Research (in Greek

The famous Greek Golden Visa scheme, which allows third country investors to acquire a
residence permit, has led to a significant growth of the Greek Real Estate market. Despite the
negative consequences of the coronavirus pandemic at a global level, real estate acquisitions in

November has proven to be a very successful month for the Greek Golden Visa scheme since 151 applications – filed from main applicants – were approved. The approval rate reached 38 approvals per week and has granted Greece a leading position over the famous Portuguese program. 

Greek properties are demonstrating a steadily ascending course based on statistical records from the third trimester of 2021, regarding both property and rental prices.

Despite the difficulties faced by the Greek Golden Visa scheme during last year, partially due to the pandemic crisis, Greece has rebounded and reached the 1

Despite the challenging social and financial landscape and the impediments emerging from the pandemic crisis, the Greek property market seems to be rapidly rebounding.

The pandemic, fortunately, did not have a negative effect on Real Estate sector in Greece, which is proven by the incredibly encouraging and promising statistical records for the first semester of 2021.

A new tax motive regarding parental grants, which is predicted to trigger a boost in Real Estate transfers, is to be in force from 1

Pursuant to articles 10 and 11 of the new legislation “Reformation of deportation procedures and return of third country citizens, attraction of investors and digital nomads, issues of residence permit and procedures of granting international protection along w

Prokopis Chatzinikolaou

Favorable 7-year scheme with 50% tax reduction and exemption from residence – automobile exhibits 

Greek bonds have the lowest risk and the highest yields of all government securities in the world.

The investment interest towards luxurious and high-quality holiday residencies remains substantial in Greece, even during the pandemic.

The price range in Greek property market has shown interesting fluctuations from 2011 to 2020.

Prime Minister Kyriakos Mitsotakis announced a favorable tax and insurance scheme for individuals and businesses, as well as investment motives for foreign citizens.

Tax motives for Angel Investors are established for the first time by the Greek State.

Following the suspension of the demolition of illegal hotel facilities on the seafront, a new regulation comes to extend their rights to use.

In the context of the new scheme “Economize - Autonomize” and the yearly budget of Ministry of Environment and Energy for the year 2021, a total budget of 1 billion euro is about to be disposed for energy upgrade of 80.000 buildings.

The Greek government seems to have prioritized the vaccination in Greek islands, by sending special vaccination operations.

Following a year of depress due to the pandemic, Russian investors are expected to operate again within the Greek Real Estate Market during 2021, for acquisition of Residential and Tourist Properties.

Pursuant to the new legislative scheme which was voted by Greek Parliament on 17.02.21, Greece addresses tycoons through the legislation upon the creation of “Special Cause Companies for Family Wealth Management”, globally known as “Family Offices”.

​​​The need for mobility and flexibility, as a result of globalization, climate change and pandemics, has proven to be one of the timeliest topics of this century.

The American government has published the “List with citizens who have chosen to expatriate”, which contains 660 names.

The Ministry of External via the deputy Minister of External Affairs, under his capacity of Head of the Interministerial Commission for Brexit, Mr. Miltiadis Varvitsiotis, and the Independent Authority of Public Revenues, via the Administrator, Mr.

The upload of forest maps is starting today for areas of Kavala, Pieria, Drama, Arkadia, Kastoria, Lefkada, Kefallonia and Zakynthos.

Greece is on its first attempt to offer tax motives in order to attract foreign direct investments.

As Anatoliy Lyetayev wrote at Investment migration insider on the 18th of December tax immigration; a foreign yet alluring concept that is rapidly becoming the top trend among high net worth individuals (HNWIs).

In the context of reshaping the tax legislation in Greece towards the attraction of foreign capitals, a new tax provision regarding foreign pensioners has been introduced for individuals who wish to decrease their taxation.

New deadline until the end of February is set for taxpayers in order to cover the exhibits through parental grants and donations and avoid the payment of extra tax with the submission of 2021 tax declarations.

The statements made by the American Minister of Energy, Dan Brouillette, regarding the investment interest of American companies in Greece were proven to be very optimistic.

The objective values are expected to be re-adjusted and used for the calculation of unified property ownership tax (ENFIA) during 2021.

The upcoming Brexit which will turn British individuals to third country citizens with doubtful access to European Union, especially while the agreement between London and Brussels is pending, has shaped new trends for property market abroad from residents of United Kingdom.

According to the Investment Migration Insider website and to the research of Anatoliy Lyetayevand the statistics from last year for some of the most popular resident permit’s by investment programs of Spain, Greece, and Portugal indicate that Greece had been the ultimate champion in “Golden Visa”

Following a decision by the administrator of AADE (Independent Authority of Public Revenues) Georgios Pitsilis, the following deadlines are extended until January 2021:

The first results following the voting of tax motives which were granted by the Greek government targeting the attraction of foreign citizens to Greece seem to be optimistic.

Taking into consideration the Brexit factor, the European Union has renewed its effort to create a real Capital Markets Union (CMU) for funding the post Covid-19 recovery -and indirectly decreasing its dependence from London and financial services.

A two-year extension for construction in properties which are located outside of city plan and have a surface of below two acres was granted by the new polynomial plan which was submitted by the Ministry of Environment and more specifically it regards fields:

According to Bloomberg, the country we considered as one with the strongest passports globally, is starting to lose ground, since the wealthy Americans are looking for a double citizenship. It is known that Americans have not expressed interest for “golden passports” until now.

A fluidity enforcement of 600 million euro is estimated to be raised by the scheme “I save for Tourism”, which is expected to commence during early 2021.