In 2023, the Greece Golden Visa was the reigning king of global and EU residency by investment programs, a title it was expected to keep in 2024 – but that all is about to come to an abrupt end with the Greek Golden Visa changes.
Astons’ Athens office of industry experts and seasoned local insiders has learned, from our established network of reliable, well-connected sources [who themselves are positioned to know,] that the Greece Golden Visa, as we currently know it, will be gone in a matter of weeks.
What’s about to occur will have consequential impacts on the global community of entrepreneurs, investors, and families considering Greece but failing to act before the deadline.
It should be noted that Astons’ clients who pay a small deposit before the deadline will get to keep the 2023 Golden Visa program.
Here is what you need to know ~
The Greek Golden Visa – The reigning king of EU Golden Visas
Investment migration, better known as citizenship by investment and Golden Visa programs, is a global industry with limited but exclusive options for the world’s discerning entrepreneurs, investors, and families.
The industry has been built from the ground up with two primary foundations:
- Leverage the sovereign rights of nations to attract foreign direct investment [FDI] as a means to fund the needs of their society without having to impose those expenses onto their people to accomplish such goals
- To empower global citizens with self-sovereignty, allowing them to elevate their lives, lifestyles, investment portfolios, generational wealth, and secure the best Plan B that money can buy
Primarily due to the second factor, countries that operate investment migration programs are under constant attack by global forces – which some would call the New World Order – to terminate their programs.
In 2023, these attacks reached unprecedented levels and had, unfortunately, catastrophic impacts on entrepreneurs, investors, and families.
When extremely powerful programs face termination, such as the Portugal Golden Visa in 2023, or external influences designed to exclude otherwise eligible investors, such as what occurred with St. Kitts and Nevis citizenship by investment program in 2023, it’s time not simply to take notice but to act fast.
That time is now for the Greek Golden Visa.
The Golden Visa program – From 2013 to now
Greece launched its official residency by investment program in 2013, and it did not take long for it to become one of the world’s most popular investment migration programs.
The Greek residency by investment program has been a success for four reasons:
- It’s Greece
- It’s a real estate-based program, and the entire country is an eligible property market
- The program offers the most privacy-focused and least intrusive due diligence of all EU programs
- It was the lowest required investment for EU residency
Those factors resulted in a very successful track record for the Golden Visa’s 10-year lifespan – there have been over 25,000 applications submitted, so far.
However, over the last several months, the Greek residency by investment program has been hit with three significant changes:
- In 2023, the required investment doubled for select Greek property markets, including Athens, Santorini, and Mykonos [resulting in an investment minimum among the highest in the EU] – while the rest of Greece remained the same
- The March 2024 update increased the investment for the best and most in-demand markets to €800K [approx. $870K], making the Greece Golden Visa among the most expensive in the world
- The 2024 update also adjusted the investment zones – some areas that were previously only €250K are now €800K
The 2023 Golden Visa program
The 2023 Greek Golden Visa was the lowest required investment for EU residency.
The residency by investment program is real estate-based, and for those who pay a small deposit and submit applications before September 2024, this is the program you can leverage:
Greece Real Estate Investment with a Minimum Value of €250,000
- Residence permit granted for five years
- The investor can invest in one or multiple properties with a collective value of €250,000 [approx. $270K]
- Residency can be renewed in 5-year intervals, provided that the applicant still owns the property
Under the current program, the €250,000 minimum requirement applies to most of the country but not all.
For example, some of the Greek Isles, such as Santorini and Mykonos, require a minimum investment of €500,000 [approx. $540K].
But, the €250,000 minimum requirement still applies to the remaining cities and Greek Islands, including:
- Crete
- Corfu
- Rhodes
- Thessaloniki [certain areas]
- Athens [certain areas]
The March 2024 update did not simply increase the price of the Golden Visa but also re-assigned investment regions – areas that were previously in the lower €250,000 zone are now in the €800K zone.
For example, under the 2023 program, Athens [Attica] was divided between the €250K and the €500K zones – under the new 2024 updates, all of Athens [Attica] is now €800K.
For investors who act fast, Athens can still be accessed at the €250K and the €500K investment levels until 30 August 2024.
Greek Golden Visa deadline – the new 2024 Greece Golden Visa
Effective 31 March 2024, the Greek Golden Visa tiers increased for €250,000 & €500,000 to €400,000 & €800,000 [approx. $430K & $870K]
However, Greek Golden Visa applications submitted by Astons for investors who pay a 10% deposit will keep the 2023 program investment tiers and zones as long as the deposit is paid by the end of August 2024
Thus, if Greece is your dream, it is time to make it your reality.
The disappearing EU Golden Visa
It should be noted that the European Union, not the individual countries but the umbrella governing body, is among the most powerful opposing forces to all citizenship by investment and Golden Visa programs.
The EU, along with the United States, have been actively influencing changes to these global programs that have rendered otherwise eligible investors no longer capable of owning and elevating their self-sovereignty status.
Dual citizenship, a second passport, and residency diversification are the most powerful backup plans any citizen can own and, simply stated, the best Plan B money can buy.
What was once called the Most Developed Countries in the world, such as the United States, the United Kingdom, and Russia, have been on the decline for years now – a trajectory that does not appear will change for the good any time soon.
Once the strongest passports in the world, they have declined consistently over the past decade while EU countries lead the world with:
- The highest quality of life
- The highest levels of satisfaction
- The strongest passports in the world
- State-of-the-art medicine and hospitals
- Individual rights to access medical procedures
- The best educational opportunities
- Lucrative Non-Dom tax programs
While many non-EU citizens and non-EU residents consistently cry – but how much do you pay in taxes?
EU citizens and EU residents simply respond, what do you get for the taxes you pay?
Greek Golden Visa Updated – the price nearly doubled
As of April 2024, the average required investment for the Greek Golden Visa increased to €400,000 – though very specialized real estate opportunities will remain available at the €250,000 under the updated 2024 program.
Astons’ clients who submit a Greek residency by investment application and deposit before September 2024 will keep the 2023 €250,000 [approx. $270K] minimum.
The time to act is now – Schedule a Free Confidential and Comprehensive Consultation with Astons and we can secure your Greek dream at the current investment price.
