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Golden Visa changes in European countries

We have gathered the most essential Golden Visa changes in European countries.

🇬🇷 Greece doubles Golden Visa minimum investment in high-demand areas.
Greece has doubled the minimum investment required for its golden visa program in high-demand areas from €250,000 to €500,000. The golden visa program offers residency to non-EU citizens who purchase property in Greece. The move aims to steer investment towards less crowded areas of the country and reduce pressure on its popular cities. The new rule applies to applications submitted after 1st September 2022.
🇪🇸 Spanish bill aims to end real estate option of its Golden Visa.
The Spanish government is considering a new bill that would remove the real estate investment option from its golden visa program, which grants residency to foreigners who invest a minimum of €500,000 in Spanish real estate. The bill seeks to eliminate the program’s links to money laundering and organized crime by promoting other types of investment, such as scientific research, renewable energy, and job creation.
🇵🇹 Portugal’s PM announces the end of its Golden Visa.
The Prime Minister of Portugal, Antonio Costa, has announced the intent to end the country’s golden visa program, which offers residency to foreigners who invest in the country’s real estate market. The program has been criticized for driving up housing prices and increasing inequality. The government plans to introduce a new system that focuses on investment in low-density areas, job creation, and cultural heritage. There is an open discussion about the termination until the 16th of March. This doesn’t affect the currently ongoing cases.
🇮🇪 Ireland’s Golden Visa program discontinued.
Ireland is discontinuing its “golden visa” investment program in response to a request from the European Union. Under the program, individuals were required to invest at least €1 million in the country’s economy or donate more than €500,000 to charity in order to obtain a passport through this route.

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