Greece Immigration: Recent news indicates that Greece has repaid its debts on schedule, and the new property investment immigration policy has entered the final stage before voting—public opinion polling. Once approved, the new policy will be announced and implemented. Compared to the old law, the new policy fully opens up significant benefits, including a clear permanent residency status, immigration for three generations, and property tied to permanent residency status.
The latest decree specifies that the name for permanent residency is "Investor Permanent Residence Permit"; applicants can obtain permanent residency as long as they hold the property they purchased.
Under the old law, the main applicant's parents could not apply for a Greek green card through the Greek investment immigration program and could only travel to Greece later through a one-year family reunion visa. With the new policy, the applicant's parents can apply together and will receive the same status as the main applicant, truly achieving investment in property by one person and immigration for the entire family across three generations.
Additionally, the new policy removes the clause from the old law that stated the time spent in Greece by holders of residence permits obtained through property purchases would not count towards the residency requirements for permanent residency and citizenship. The new policy also stipulates that those who obtain permanent residency through property purchases can resell the property to third parties who also wish to obtain permanent residency, but the original property holder will lose their permanent residency status. This was not allowed under the old law.
There is a generally optimistic attitude in the industry regarding the final approval of Greece's new property investment immigration policy. Once the new policy is passed, the entire immigration landscape in Europe will undergo significant changes, especially since the minimum investment amount is low, and the new policy clearly states that purchasing property can directly lead to permanent residency, which will undoubtedly attract a large number of investors.