Golden Visa investors forced to wait instead of being assisted

Greece's revenues from the Golden Visa program (through property acquisitions, taxes, notary and lawyer payments etc) could have been more than twice as high had the authorities improved the processing of the residence permit-issuing project in terms of speed and efficiency. Today the tackling of bureaucratic and understaffing problems depends on the personal efforts of employees at the agency serving investors.

Lawyers who have daily transactions with the Decentralized Administrations (i.e. the administrative layer between the ministries and the regional authorities) on behalf of their client investors say that at times employees are willing to help to facilitate the procedure, but in other cases the mentality they have to contend with seems to be that of a time long gone.

Market professionals are calling for each Decentralized Administration to set up a special...

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