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IMPACT – MEDIUM
What is the change? Greek immigration authorities are now scheduling Golden Visa appointments six to 18 months in advance.
What does the change mean? Foreign investors applying for Golden Visas may wait up to 20 months to receive their residence permit. Applicants should consider submitting applications outside of Athens as appointments are especially limited there.
Background: Since its introduction in 2013, the Golden Visa program has been a popular option for foreign investors seeking residence status in Greece. Because of increasing demand for the program, however, appointment slots are limited and are being booked up to 18 months in advance at the Athens office.
Analysis & Comments: Foreign investors applying for Golden Visas should prepare to wait up to 18 months to submit applications and supporting documents. Applicants should consider booking Golden Visa appointments outside of Athens, as earlier appointment dates may be available in other locations.
Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2019. For information, contact Deloitte Touche Tohmatsu Limited.
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