Investors kept waiting too long for a Golden Visa

Greek bureaucracy's inability to deal with the huge volume of non-European Union citizens who have obtained the right to a residence permit through the Golden Visa program has led to group action seeking a solution or financial compensation. 

Fulfilling the prophecy of all those who warned that the state would not be able to promptly serve all the investors who spend at least 250,000 euros on Greek properties, 35 Chinese nationals who tabled Golden Visa applications as long as two years ago have just launched the legal process to claim compensation from the Greek state.

Based on the legal provision concerning the issue of visas within two months of their application submission, the 35 claimants last year sent an out-of-court document of protest to the state's Decentralized Authority of Attica, which is the agency responsible for processing such applications in the...

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