Greece expands vary of funding actions for Golden Visa program

ATHENS, March 8 (Xinhua) — Greece expands the range of investment activities which will open the way to the so-called Golden Visa for third country citizens, Greek national news agency AMNA reported on Friday.

Since the launch of the Golden Visa program in Greece in 2013, residence permits were offered to non-European Union nationals investing in real estate properties of above 250,000 euros (280,800 U.S. dollars) value, as well as their family members.

Under a draft bill tabled in parliament on Thursday, investments of minimum 400,000 euros in stock and shares, bonds, capital injection in real estate investment companies, mutual funds, state bonds, and time deposits in Greek banks will also provide eligibility for a golden visa.

Greek economy and development ministry officials expect that the new regulations will be put into force from June this year. (1 euro= 1.12 U.S. dollars)