According to Kathimerini, the Greek Ministry of Finance announced on Thursday that it will lift all capital controls on cash withdrawals and domestic capital flows. The Ministry stated in a press release that this decision will take effect on October 1.
The measures taken by the Greek government to relax capital controls include the following:
• Complete removal of monthly cash withdrawal limits. Previously, the monthly withdrawal limit for Greek bank depositors was 5,000 euros. However, bank data shows that the vast majority of Greek depositors withdraw less than 1,000 euros per month on average, making further increases in the limit less significant. Therefore, there will no longer be limits on withdrawals from Greek bank accounts, as well as credit, debit, and prepaid cards.
• Increase in the limit for overseas capital flows. Greek depositors abroad will be able to withdraw up to 5,000 euros per month using credit, debit, and prepaid cards issued by Greek banks.
• The limit on cash that Greek citizens can carry when traveling abroad has been increased from 3,000 euros to 10,000 euros.
• For businesses, the daily limit for individual transactions per customer that can be transferred directly abroad through bank branches has been increased from 40,000 euros to 100,000 euros.
The Greek Ministry of Finance's announcement to completely lift domestic withdrawal limits is a positive signal to international financial markets and investors. Investors interested in Greece should seize this opportunity.
As one of the key pathways for investing in the Greek market, the Greece Golden Visa program allows investors to obtain a permanent residence permit for their entire three-generation family in one step by purchasing property worth 250,000 euros or more. This enables them to enter the Greek market, share in the benefits of economic recovery, acquire properties with permanent ownership, and enjoy generous EU benefits. It is highly sought after by investors as a one-stop solution for asset allocation, identity planning, and elite education.
Pioneer of the Greece Golden Visa, Worldway Group, offers limited sales
Athens Central Mansion Phase 1 is now a hot seller
Rare, high-value properties over 100 square meters
Rare, near-ready properties in the heart of Athens
Rare properties suitable for both investment and self-occupation
Rare properties recognized by local Greeks
First come, first served for prime properties
Athens Central Mansion Phase 1 Project Overview
Project Type: Boutique Apartment
Layout: Two-bedroom, one-living room
Total Area: 105-110 square meters
Delivery Date: Q4 2018
Project Highlights: Superior location, near international schools | VAT exemption | Three-year rental guarantee with high appreciation potential | Includes parking space, large balcony, and furniture package | Luxurious views of the Acropolis
Athens Central Mansion Phase 1 is located in the heart of downtown Athens, 3.5 kilometers in a straight line from the Acropolis. The surrounding area has extremely convenient transportation and complete living facilities, making it a comprehensive area integrating administration, commerce, and residential living. Its superior location and comfortable, convenient surroundings make Central Mansion Phase 1 a hot, ready-to-move-in investment project in the Athens market.
Superior project location with convenient, accessible transportation
It takes about 15 minutes to drive to the Acropolis. There are three metro stations nearby: NIKOAAOY, ATTIKES, and BIKTOPIAE, distributed in a triangle. The nearest station, Attikes (a dual-line interchange for the Red and Green lines), is about a 10-minute walk away. It is only 4 stops and 8 minutes from Attikes station to Syntagma Square station.
Perfect surrounding facilities with numerous prestigious schools
The project is surrounded by perfect supporting facilities, including banks, bakeries, hospitals, schools, shopping malls, supermarkets, and parks.
It is a 10-minute drive or three metro stops to Attica, the largest department store in Greece;
It is only a 17-minute walk to Pedion tou Areos, the largest park in downtown Athens;
It is only 3.5 kilometers (a 10-minute drive) from the famous private aristocratic school, Leonteio Lykeio Patission, the alma mater of former Greek President Stephanopoulos;
It is only a 20-minute drive to the American Community Schools (ACS) of Athens in the northeast, and about a 30-minute drive to the French International School (Lycée Franco).
Square layout with luxurious Acropolis views from every unit
The project features square layouts and wide views, allowing residents to enjoy the scenery of the Athens Acropolis.
E1/ST1 Floor Plan
D2/E2/ST2 Floor Plan
Z1 Floor Plan
Z2 Floor Plan
Modern, simple, and elegant decoration
Worldway Group's strong government relations help you easily invest and immigrate to Greece!
For details, please consult: 400-138-2929.
