Golden Visa Program For Greece: There are many Indians living all over the world. Be it England, America, UAE or any other country in the world. You will find Indians everywhere in the world. These days many Indians are competing to buy houses in Greece. But for the past few years Indian investors have been buying a lot of property in Greece.
In the months of July and August, there has been a 37% increase in Indian investors buying property in Greece. The reason behind this is the Golden Visa. Under which Indians are acquiring a lot of property in Greece these days. Let us tell you what the Golden Visa program is.
What is Greece’s Golden Visa Program?
In 2013, the Greek government started the Golden Visa program. Under this program, foreigners can acquire Greek citizenship by acquiring Greek government bonds and investing in real estate and other places. Under this program, many rich people from India are buying houses in Greece.
Due to this, the prices of houses have shot up in areas like Athens, Mykonos, Thessaloniki and Santorini, which is the capital of Greece. You can acquire Greek citizenship by investing just Rs 2.5 crore under the Golden Visa program. That is why there is a rush among Indians to buy houses under this program.
Rules changed from September 1
Many rich Indians are taking Greek citizenship by buying property in Greece under the Golden Visa program. And for this reason, the Greek government has changed the rules. Earlier, any Indian could take Greek citizenship by investing Rs 2.5 crore. But now the investment limit for this has been increased to 8 lakh euros i.e. about 7 crore Indian rupees. These changed rules have come into effect from 1 September 2024. That is, if anyone wants to take Greek citizenship, then he will have to invest twice as much there as before.
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