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
We are pleased to announce our Law Firm's participation to the 2nd Investment Migration Forum in Geneva on 5-7 of June. Alexander Varnavas will participate as a speaker regarding the Greek Golden Visa Law. The Investment Migration Council (IMC) is the worldwide association of renowned academics, government officials, representatives of international organisations, as well as the world’s leading professionals dealing with investor migration and citizenship-by-investment.
The Firm has been awarded as the “Investment Immigration Law Firm of the Year” in Greece, at the UK-based Corporate INTL 2017 Global Legal Awards. Corporate INTL’s annual awards mark excellence for the world's leading advisers in an array of countries and continents (http://www.corp-intl.com).
The London-based CBI Magazine interviewed Varnavas Law Firm, winner of Investment Immigration Law Firm of the Year 2017 in Greece.
We are proud to announce that we have signed a cooperation agreement with Jingsh Law Firm which is one of the biggest and most successful law firms in China. The firm is one of the oldest law firms in China and has over 500 lawyers and a network of over 40 offices. Jingsh Law Firm has its headquarters in Beijing, branches in most major cities in China and many foreign branches in cities such as New York and London. After approval by the Beijing Municipality, the Varnavas Law Firm is the 35th affiliated law firm in the world.