What areas of immigration are in demand in 2020 - 2021 and why? Greece: Golden Visa.

The Greek Golden Visa, which showed a record growth in positive decisions in 2018 - 2019, currently cannot boast of similar results. But, in fairness, the Greek authorities are making attempts not only to correct the situation as a whole, but also to correct bureaucratic errors (unreasonably long terms for considering documents), which turned into serious financial losses for Greece before the crisis.

The most significant changes affected the procedure itself - it became possible to submit documents remotely using electronic copies and a power of attorney. Although the final visa application still requires a visit to Greece and the submission of biometric data.

As a result, a situation has arisen when citizens of a number of countries - China, Turkey, etc., who purchased real estate to obtain a Golden Visa last year, still cannot enter Greece and complete the registration procedure. Nevertheless, the authorities hope to find a solution to this problem ...

There are various options for investment in real estate and business. But the most preferable is the purchase of real estate in the amount of at least EUR 250 thousand (excluding VAT), although this option does not give the right to work.

The investor, his spouse, parents and children can receive a residence permit for 5 years, which is extended for the same period of time while maintaining the investment. It should be noted that for holders of a residence permit there are no requirements for the duration of physical stay in the country.

Program participants are eligible to apply for permanent residence status after 5 years of residence in the country. To do this, they must have sufficient income; be insured in Greece; permanently reside in the country for more than 5 years legally (periods of absence must not exceed 6 consecutive months or 9 months in total within a 5-year period); integrate into Greek society.

7 years after obtaining a residence permit, program participants can apply for Greek citizenship.