Greek authorities have decided to postpone the increase in the minimum investment amount for the Golden Visa Program in certain areas of the country by three months. This means that wealthy foreign nationals can still participate in Greece's Golden Visa Program by investing €250,000 instead of €500,000 until July 31. The decision to raise the minimum investment amount was initially announced by Greek Prime Minister Kyriakos Mitsotakis, leading to a significant increase in the number of program applications.
The Ministry of Immigration and Asylum reported a 252% surge in applications for the Golden Visa, totaling 1,446 requests in January and February compared to 411 in the same period last year. Additionally, the number of golden visas issued in the first two months of this year increased by 101% compared to the previous year. According to a report by Mono News, 17,916 residence permit requests were submitted, with 69% benefiting from Greece's Golden Visa Program.
A research report by Astons, an immigration investment scheme, revealed a 75% increase in online searches for Greece's Residency by Investment scheme in the past month alone. The Golden Visa Program allows wealthy foreign investors to obtain residency in Greece through a financial contribution to the country.