The revised Golden Visa program of Greece has now been officially announced, with some significant changes outlined below;
The Prime Minister of Greece, Kyriakos Mitsotakis, has announced that the minimum real estate investment amount will increase to €500.000 for the Regional Units of the North, Central, and South Athens Sectors of the
Attica Region, the Municipality of Thessaloniki, and the Regional Units of Mykonos and Santorini of the South Aegean Region. In addition, the investment should be in a single property.
However, the existing law can apply, provided the full purchase price is paid by 31/12/2023, with the following condition;
- Provided the Investor has paid a minimum of 10% of the purchase price to the bank account of the Developer and there is a notarised pre-sales agreement between the parties which will be signed at the Greek Embassy, before 30/04/2023
The amendment also provides that Powers of Attorney with an Apostile (i.e. not certified at the Embassy or Consulate) will also be acceptable for the purposes of allowing the legal representative to submit the Application of the Investor and the family members for the Residence Permit.
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