Jan, 2018
The latest statistics from the Greek Ministry for Migration Policy show that the game has changed for the Greek Golden Visa programme.
In 2017, almost 763 new residence permits have been issued to main investors (not counting their family members):
Chinese nationals are still on the top of the list, posting a slight increase in market share, from 42.5% to 44.7% in 2017.
Russian nationals, who used to hold a market share of 25% for some years now, dropped from second to third place with a market share of merely 7.8%.
Turkish nationals were the big surprise for 2017, as they climbed to 2nd place with a market share of 21.6% (versus 2.7% in previous years).
During the period 2013-2016 only 44 Turkish main investors applied for the Greek Golden Visa. However, in 2017, the Turkish applicants quadrupled, with 165 new residence permits issued for main investors. According to the data, Chinese and Turkish nationals now account for 66.3% i.e. the 2/3 of the market.
It seems that the Greek programme is now quite mature to become a leader in the Residency-by-Investment market, both in Europe and around the globe.
Alexander Varnavas LLM IMCM
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