Greece Hints at Easing Golden Visa Citizenship Rules
Greek officials are hinting at potential changes to the Golden Visa Program. The current rules require investors to reside in Greece for at least six months annually for seven years to qualify for citizenship. However, there are whispers of a future relaxation of these residency and tax residence requirements.
The Greek Golden Visa Program offers a residence permit with a minimum real estate investment of €250,000. This permit is valid for five years and can be renewed indefinitely without the need to enter Greece. Currently, investors who have resided in Greece for seven consecutive years can apply for Greek citizenship. However, the path to citizenship is not straightforward. Applicants must demonstrate an interest in Greece and pass language and culture tests. Despite these hurdles, the Greek Golden Visa Program remains one of the most affordable compared to other Golden Visa Programs.
In the future, Greek government authorities and immigration regulators are expected to allow the removal of the long-term residency or tax residence requirements for Golden Visa holders. This potential change could make the path to citizenship more accessible. However, it is not very likely to obtain Greek citizenship through the Golden Visa Program at its current stage.
The Greek Golden Visa Program is an attractive option for investors due to its affordability. While the current path to citizenship is challenging, potential changes in the future could ease the process. Investors should stay informed about these developments.
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