A fax from the Greek customer service center: Worldway Group client Mr. DONG and his wife submitted their residence application to the Greek Ministry of Interior on March 18, 2014. The application was approved on March 21, taking only three days in total.
Last year, Greece launched a new immigration policy. Investors only need to purchase properties with a net value of 250,000 euros or more to obtain a five-year Greek residence status. If the property is not sold, the residence status can be renewed until a Greek permanent residence permit is obtained.
Once the latest Greek immigration bill was introduced, it attracted the attention of many Chinese investors. Relevant investment immigration experts analyzed that the Greek government launched this low-threshold immigration policy mainly due to the impact of the financial crisis and the European debt crisis, hoping to boost its domestic economy. After experiencing the crisis, Greek property prices have hit rock bottom, making it an excellent time for investors to buy at the bottom.
Industry experts also pointed out that after purchasing property, one can profit through leasing or hold it long-term to achieve appreciation. However, since Greece is a member of the Schengen Area, immigrants can travel freely between other Schengen countries. Furthermore, there are no requirements for language, education, management experience, or residency, allowing for the easy, lifelong maintenance of European residency status.
