Greece to distribute new "golden visas" in exchange for investments



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Greece will extend its program of " Golden Visas ", until then reserved for real estate buyers, to third-country nationals investing or depositing 400,000 euros or more in the country, indicated Thursday the Ministry of Migration Policy

A bill to this effect must be pbaded by autumn, said the ministry, confirming an article in the daily Kathimerini.

The stake is " ] to attract investors to contribute to the recovery, and respond to a demand of the markets ", noted for AFP a source of the ministry.

Residence permit

The new provision will allow grant a five-year residence permit, opening the doors of the EU, to nationals of non-European countries depositing in bank or investing in bonds or Greek shares a minimum amount of 400,000 euros.

The country, which emerges from eight years of crisis and recession, reserved j her " golden visas " to third-country nationals who purchase real estate worth at least 250,000 euros.

The Chinese, Russians, Turks and Egyptians arrive at the top of some 5,000 beneficiaries of this program, launched in 2013, " and which is attracting increasing interest ", according to the ministry.

Thirteen EU countries have set up such programs as the European Parliament wants to better manage in the name of the fight against corruption or money laundering.

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