Greece will expand the criteria for granting a residence permit

Греция расширит критерии предоставления вида на жительство

The project deals with countries outside the EU.Greece plans to expand criteria for granting residence permits or “Golden visas” to citizens of countries that are not members of the European Union. The corresponding bill submitted to the Parliament by the Ministry of economy, reports the Chronicle.info with reference on the European truth.

The bill provides for the issuance of certificates for nationals of third countries (and their families) who invest a minimum of 400,000 euros in Greek securities and the company, with the aim of increasing foreign direct investment.

Under the new rules for the “Golden visa” will be enough Deposit in a Greek Bank on such amount, at least, at least 12 months with a fixed extension. Similarly, investment by the same amount in the investment real estate company will also be the basis for obtaining the document.

Now it is possible to obtain for an investment of EUR 250,000 in local real estate.

The new criteria include a minimum investment of € 400,000 in government bonds with a duration not less than three years through a Bank based in Greece, or investing a minimum of 400 000 euros per mutual Fund, established in Greece or abroad for investment.

Foreigners can also get a permit with an investment of 800,000 euros in stocks or corporate bonds in the Greek capital markets.

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