Greece Fully Embraces the "New Normal"
The New Normal Brings New Opportunities for Development
Investing in Greece is Timely
Greece is Ready to Welcome Tourists from All Over the World
Greece, the "model student" of Europe in epidemic prevention, is steadily and rapidly returning to order according to the timeline.
Greek government spokesperson Stelios Petsas praised Greece for taking a new step in early June, as primary schools, kindergartens, nurseries, and various special education units across the country resumed classes under strict health regulations. In addition, Greece is also reopening its doors to the world.
Stelios Petsas stated: "Our goal is to ensure the maximum safety of residents and visitors." Greece will gradually and orderly open to foreign tourists starting June 15, based on safety and health regulations. At the same time, Greece will conduct random virus testing on tourists and strengthen the construction and management of health infrastructure, with special attention to the islands.
In addition, the Greek government has announced that it will cover medical expenses for all foreign tourists who test positive for Covid-19 during their travels in Greece.
Greece Receives €32 Billion in EU Aid
Greek Prime Minister Kyriakos Mitsotakis stated that Greece has received €32 billion from the European Recovery Fund, which is the result of the government's effective and sustained efforts at the European level.
Greece is one of the countries that benefit the most from EU aid proposals, with hundreds of billions of euros in "financial assistance" reflecting the increased credibility of Greece. The government will use these funds to promote economic recovery and benefit all Greek citizens. At the same time, the Greek government will seize this historic opportunity to invest cautiously and responsibly to achieve Greece's transformation.
As the economy steadily recovers, the Greek government has also made more comprehensive modifications to the "Golden Visa" immigration policy, which is particularly important for promoting the Greek economy. The new immigration law No. 4686/2020 was published in the government gazette on May 12, 2020, which includes changes and improvements to immigration policy. The new law stipulates the following changes to the Greek Golden Visa program:
Relaxation of Age Limits for Investor's Accompanying Children: The Greek Golden Visa status for dependent children can be renewed up to the age of 24, extending three years beyond the previous limit of 21 years.
Adjustment of Investment Amount: The Greek government will adjust the investment amount threshold for the Golden Visa. Different investment thresholds will be set based on the property purchase locations, encouraging investors to invest in other cities in Greece.
Confirmation of Recognition Points for Changes in Old and New Investment Amounts: In the event of legislative changes, the cutoff point will be the time when the investor successfully purchases the property, not the time of submitting the immigration application to the immigration bureau. This means that as long as the investor successfully purchases the property before the new law takes effect, they can submit their immigration application according to the current law.
Relaxation of Payment Points for Investment Balances: When submitting the immigration application to the immigration bureau, the investor should pay the full purchase price to the developer's bank account and submit a notarized contract; or pay the purchase price according to the time limit specified in the notarized contract.
Accelerate the Approval Speed of the Immigration Bureau: When submitting the immigration application, the investor should also submit proof documents issued by a notary to enable the immigration bureau to more efficiently review the investor's immigration application documents, thereby speeding up the immigration approval process.
In addition, according to the amendment to Article 10 of Law No. 4251/2014:
Relaxation of Card Collection Requirements: With a power of attorney (POA), a lawyer can collect the applicant's Greek Golden Visa identity card by providing a copy of the applicant's passport, without needing to submit the original passport.
Overall, the policy adjustments are more convenient for investors. Of course, now is the best time to invest in Greece, as purchasing property before the new law officially takes effect may allow one to catch the "last train" for low-cost immigration to Greece.
Investors interested in the Greek property immigration program should seize the opportunity, as securing good properties means seizing the initiative. WorldWay Group, as one of the early immigration agencies promoting the Greek property immigration project in China, collaborates with strong Greek developers to introduce another significant property project to investors—Athens Mansion, meeting your property immigration needs.
Overview of the Athens Mansion Apartment Project
Project Type: Apartment
Unit Types: 2 Bedrooms 1 Bath / 1 Bedroom 1 Bath
Price: Starting from €274,000
Project Highlights: Brand new apartments in Athens, prime location; close to the U.S. Embassy, safe and convenient, with famous attractions such as Mount Lycabettus nearby, surrounded by several famous landmarks like the City Court and the Athens Tower; elegant exterior, luxurious interior, high-quality building materials, with marble similar to that of the Acropolis; noble and elegant design concept, showcasing elements of neoclassicism in Athens. In 2020, Athens is expected to be one of the cities in Europe with high rental and property price growth, offering great investment potential. The project complies with the Greek property immigration law, allowing the purchase of property to apply for Greek permanent residence visas for three generations of the family.
2020 is the year of health planning, with health planning and identity taking precedence; choose Greek property immigration. For more details, please consult: Mainland China: 400-138-2929 Hong Kong: (852) 2802 8798.
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