Greece is increasing the number of “golden visas” to individuals investing more than 250,000 euros in property, aiming to boost state coffers while offering five-year residency rights in return for real estate acquisitions or for strategic investments.
Greece is extending the so-called golden visa to Arab nationals investing more than 250,000 euros in property. The investor visas offer five-year residency rights in return for real estate acquisitions or for strategic investments.
In efforts to bring in much-needed cash, the Greek interior ministry has through its ongoing investor visa program thus far issued 1,056 special visas to individuals who have invested more than 250,000 euros in Greece.
Greek hoteliers are expressing their concerns about the new visa regime that requires travelers to EU countries to show up personally at a Schengen consular station to give finger prints and photos in order to obtain visas.
Eastern Macedonia and Thrace Prefect Giorgos Pavlidis recently stated that thousands of tourists are being turned away due to the time-consuming procedure, which is leading to a loss in revenue and business.
"In recent years, Greece has made considerable progress for visas to be issued easier, faster and more efficiently, always in close cooperation with the Ministry of Foreign Affairs," Greek Tourism Minister Olga Kefalogianni said on 19 March.
Traveler's checks are on their way to extinction. They are nice to have if you have a habit of losing things or are traveling to a destination with a high crime threat, or to a very remote area, but travel professionals insist on ATMs, which are virtually everywhere these days,...