{"id":7170,"date":"2016-06-29T13:32:45","date_gmt":"2016-06-29T13:32:45","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=7170"},"modified":"2019-02-12T13:50:01","modified_gmt":"2019-02-12T18:50:01","slug":"greece-investor-program-less-popular","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/greece-investor-program-less-popular\/","title":{"rendered":"Greece Investor Program Less Popular Than European Rivals"},"content":{"rendered":"<p style=\"text-align: justify;\">Greece\u2019s golden visa is losing out to rivals despite being among the cheapest residency-by-investment programs available in Europe.<\/p>\n<p style=\"text-align: justify;\">Just 1,000 visas had been granted through the program until the end of 2015, compared with 6,000 for a similar program in <a href=\"https:\/\/www.investmentimmigration.com\/portugal-investor-golden-residence-programme\/\" target=\"_blank\">Portugal<\/a> and 13,000 in <a href=\"https:\/\/www.investmentimmigration.com\/latvia-immigrant-investor-program\/\" target=\"_blank\">Latvia<\/a>.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"7171\" data-permalink=\"https:\/\/www.investmentimmigration.com\/greece-investor-program-less-popular\/investor\/\" data-orig-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/investor.jpg\" data-orig-size=\"1000,667\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Greece Investor Program Less Popular Than European Rivals\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/investor-300x200.jpg\" data-large-file=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/investor.jpg\" class=\"alignnone size-full wp-image-7171\" src=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/investor.jpg\" alt=\"Greece\u2019s golden visa is losing out to rivals despite being among the cheapest residency-by-investment programs available in Europe.\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/investor.jpg 1000w, https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/investor-300x200.jpg 300w, https:\/\/www.investmentimmigration.com\/wp-content\/uploads\/2016\/06\/investor-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p style=\"text-align: justify;\">The Greek program requires a \u20ac250,000 property investment, which is the same as Latvia and \u20ac100,000 less than the \u20ac350,000 required in Portugal.<\/p>\n<hr \/>\n<h3 style=\"text-align: justify;\">Property investment requirements<\/h3>\n<ul style=\"text-align: justify;\">\n<li>Greece: \u20ac250,000<\/li>\n<li>Latvia: \u20ac250,000<\/li>\n<li>Portugal: \u20ac350,000<\/li>\n<li>Cyprus: \u20ac300,000<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify;\">Portugal is currently enjoying <a href=\"https:\/\/www.investmentimmigration.com\/surge-popularity-portugals-golden-residence-investor-program\/\" target=\"_blank\">a surge in the popularity of its program<\/a>, which has generated more than \u20ac2 billion in investment since it was introduced in October 2012.<\/p>\n<p style=\"text-align: justify;\">The Greece problem appears to be centred around too much red tape.<\/p>\n<p style=\"text-align: justify;\">For a country desperate for money following the disastrous fallout from the global economic crisis, some of the documents being asked for from potential investors are questionable.<\/p>\n<p style=\"text-align: justify;\">One Chinese investor was told he needed a certificate from a Greek hospital to prove he did not have tuberculosis.<\/p>\n<p style=\"text-align: justify;\">Another had his application rejected because he paid for property in cash, despite a notary saying the transaction had happened in front of him.<\/p>\n<hr \/>\n<h3 style=\"text-align: justify;\">Benefits of Greek residency program<\/h3>\n<ul style=\"text-align: justify;\">\n<li>Live and work in Greece<\/li>\n<li>Visa-free travel in 26 Schengen area countries<\/li>\n<li>Right to attend schools and universities within any EU country<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify;\">Greek authorities ask for more than 15 documents which candidates say take many months to gather together. Only then can the search for a property begin.<\/p>\n<p style=\"text-align: justify;\">The Greece program requires an investment of \u20ac250,000 in a single or multiple properties making it one of the cheapest European investment residency options. In return, candidates receive a renewable five-year visa without any physical presence requirement.<\/p>\n<p style=\"text-align: justify;\">Further uncertainty is created by the fragile Greek economy, including on-going fears of an exit from the Eurozone, fluctuating levels of property tax and the current migration crisis.<\/p>\n<p><b>Further reading<\/b><\/p>\n<ul>\n<li>\n<p class=\"post-box-title\"><a title=\"Permalink to Golden Visa Program \u2013 Greece Trails Latvia, Portugal and Spain in Investor Demand\" href=\"https:\/\/www.investmentimmigration.com\/greek-golden-visa-program\/\" target=\"_blank\" rel=\"bookmark\">Golden Visa Program \u2013 Greece Trails Latvia, Portugal and Spain in Investor Demand<\/a><\/p>\n<\/li>\n<li>\n<p class=\"post-box-title\"><a title=\"Permalink to Overview of Popular Residence by Investment Programs in the EU\" href=\"https:\/\/www.investmentimmigration.com\/popular-residence-by-investment-programs-in-the-eu\/\" target=\"_blank\" rel=\"bookmark\">Overview of Popular Residence by Investment Programs in the EU<\/a><\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Greece\u2019s golden visa is losing out to rivals despite being among the cheapest residency-by-investment programs available in Europe. Just 1,000 visas had been granted through the program until the end of 2015, compared with 6,000 for a similar program in Portugal and 13,000 in Latvia. The Greek program requires a \u20ac250,000 property investment, which is&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[373],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-1RE","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/7170"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=7170"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/7170\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=7170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=7170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=7170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}