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The penalty for failure to obey this law shall be a 50.000€ fine and cancelation of the residence visa. Applicants should note that the golden visa is only for residence in Greece and no other jurisdiction, as this competence is reserved to individual member states of the European Union. It also does not permit employment in Greece.
Golden visas require investments of anywhere from $100,000 in Dominica up to £2,000,000 in the UK. The most common method for obtaining a golden visa is through the purchase of real estate with a minimum value. [42] Some countries such as Cyprus and Malta also offer golden passports to individuals if they invest a certain sum. [43]
In 2006, the firm partnered with St. Kitts and Nevis, trailblazing sales of citizenship and passports. [26] The firm restructured St. Kitts and Nevis's citizenship-by-investment program, incorporating donations to support the country's transition to tourism and services following the closure of the sugar industry in 2005. [27]
The government says some 10,000 such visas have been issued since the measure was brought into law in 2013 by a previous right-wing Popular Party government as a means to attract foreign investors. “Golden visas” are strongly criticized for spurring property price hikes and speculation in the housing sector.
Available public data on golden visa applicants and investments is "scarce, scattered, and limited," note Laure Brillaud and Maíra Martini of Transparency International EU, an anti-corruption ...
For the first half of the twentieth century, immigration mostly flowed outwards from Greece. At the turn of the century, the majority of Greek immigrants migrated to the United States; from the 1950s to the 1970s, migration flowed towards other European countries, mainly the Federal Republic of Germany, where there was a labor shortage in the rebuilding process after the second world war.
Visa requirements for Greek citizens are administrative entry restrictions by the authorities of other states placed on citizens of Greece. As of 2025, Greek citizens have visa-free or visa on arrival access to 189 countries and territories, ranking the Greek passport 6th in the world according to the Henley Passport Index .
Visas for US citizens are either single entry or multiple entry and valid for 5 years. The fee for single entry 3 month validity is US$60 and the fee for the multiple entry visa is US$100. [citation needed] — Greece: Visa not required [189] [190] 90 days 90 days within any 180-day period in the Schengen Area [191] Yes Grenada: Visa not ...
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