Last week, the Greek government announced the launch of a new fast-track process for its Golden Visa programme, significantly reducing application times for investors seeking residency in Greece. This reform aims to enhance Greece’s competitiveness in the European investor immigration market, making it easier for high-net-worth individuals to obtain residency through real estate and financial investments. Coates Global provides expert guidance to ensure clients benefit from these latest updates.

Key Changes in the Greek Golden Visa Programme

The newly introduced fast-track system includes:

• Accelerated Processing: Residency permits are now processed within 30 to 45 days, compared to previous waiting times of 3 to 6 months.
• Dedicated Application Channels: High-priority applications for real estate and business investors will be handled through a newly established unit within the Ministry of Migration.
• Digital Documentation Submission: Investors can now submit required documents online, eliminating bureaucratic delays and making the process more efficient.
• Enhanced Due Diligence Procedures: The reforms introduce stricter background checks to ensure compliance with transparency and financial integrity requirements.

Investment Criteria Under the New Regulations

The Golden Visa programme continues to require minimum investment thresholds, with the following key options:

• Real Estate Investment: Purchase property valued at €250,000 or more.
• Business Investment: Capital injection of at least €500,000 in a Greek enterprise that contributes to job creation or economic growth.
• Government Bonds & Funds: Investment of €400,000 in government bonds or regulated investment funds supporting national development projects.

Benefits for Investors

With the introduction of the fast-track process, Greece’s Golden Visa now offers greater advantages:

• Quicker Residency Approval: Faster processing times provide investors with immediate access to European residency benefits.
• Schengen Area Travel: Investors and their families gain unrestricted access to 26 Schengen countries.
• Pathway to Citizenship: Residency holders can apply for Greek citizenship after seven years.
• Favourable Tax Incentives: Greece offers attractive tax residency schemes, making it a compelling destination for global investors.

Coates Global: Your Partner in Residency Planning

With Greece’s latest reforms, investing in a residency-by-investment programme has never been more streamlined. Coates Global provides expert advice and full-service assistance, ensuring a smooth application process from start to finish.

Contact Coates Global today to explore Greece’s fast-track Golden Visa opportunities.