Golden Visa: New Threshold Of '500,000 In Certain Areas Of Greece

• Law Firm: Eurofast
• Subject Matter: Immigration, General Immigration, Work Visas
• Author: Ms Maria Sarantopoulou and Alexandra Theologou
• Published date: 10 January 2023

The much talked about issue of the increase in the golden visa threshold has been finalized by the Greek Parliament and the law was adopted on the 21^st of December (L.5007, Gov. Gaz.:241A' 23.12.2022).

The new provisions set out that the property's value should be of minimum 500,000 euros - instead of 250,000 euros - in certain areas, namely in the Regional Units of Northern, Central and Southern Athens, in the Municipality of Vari - Voula - Vouliagmeni, in Thessaloniki, in Mykonos and in Santorini. On the contrary, the value's threshold remains 250,000 in the rest of Greek territory.

Additionally, if the investor chooses to apply for a golden visa by purchasing real estate, the investment of 500,000 euros must refer only to one property, meaning that a...