Golden Visa Law Update | New Bill


On the 25th of August 2021, at the Hellenic republic's parliament, a new bill was proposed for review, concerning various immigration affairs, including the Greek Golden Visa, (residence permit through investment).

Key proposals regarding Greek Golden Visa Investors were:

A- Enabling the transfer of funds into Greek banks by non- EU nationals for the purpose of investment and obtaining a Greek Golden Visa through relatives, the funding to be feasible by direct relatives of the investor, such as (second-degree tie by blood or marriage).


B- Enabling the holder of a valid residence permit through financial products, to liquidate the investment in order to invest in either other financial products real estate. A proposed strict 2-month timeframe is to be in order, in this case, the investor maintains his residence status until the completion of the new investment and the issuance of a new residence permit.


C- Enabling non-EU nationals to diversify their portfolio and enable them to invest in more than one category of financial products, applicable to up to 3 investments as a total. The minimum amount of the investment is calculated via the type of the investment, using the higher value as the minimum. Moreover, it is now possible to initiate three different term deposits, with three different banks, always for a total of 400,000 EUR per the Greek Golden Visa Law. This allows for the maximum protection of an investor’s funds under the European Directive on Deposit Guarantee Schemes, which in Greece, gives a guarantee of 100,000 EUR per investor per bank, for total protection of 300,000 EUR.


Greek Golden Visa Through Term Deposit in Greece

If you are interested to invest in Greece, our firm can process your investment and Golden Visa application, as we have done with hundreds of satisfied families, contact our team at legal@varnavas.gr and you will be briefed about your remote Golden Visa process. Alternatively, you may fill in our contact form.

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