Posted on September 25 2024
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According to recent findings by the law firm Arton Capital, Hungary, Greece, and Italy are the top three EU countries with the best golden visa programs. Most foreigners choose these countries as their first choices regarding Residency by Investment Schemes.
Golden visas allow foreigners to get permanent residency, provided they invest in the country. They are also required to fulfill other criteria to qualify for the visa. The three countries mentioned above are also known to have the top golden visa programs in the world.
The list of Top 5 countries with the best Golden visa programs are as follows:
Hungary, Greece, and Italy are ranked among the top 3 countries for Golden visas.
The country launched its Golden Visa in 2013 and terminated it in 2017. The program was re-launched this year in July and is now known as the Guest Investor Program (GIP). Hungary is one of the top choices among wealthy foreigners as it offers an option for real estate investment that other countries have discontinued. The country earned a whopping €1.4 billion from 2013 to 2017 through the Golden Visa program.
The Greece Golden visa is the next top choice for foreign investors. The program recently received changes to tackle the housing crisis. The changes included increasing the minimum investment amount, which was implemented on September 1, 2024. The minimum investment amount is now €800,000 in Thessaloniki, Mykonos, and Santorini.
The Prime Minister also announced that golden visas will be issued to entrepreneurs, giving foreigners a five-year residency permit through startup investment worth €250,000.
Also, read…
Greece to grant Golden Visas, says Prime Minister, Kyriakos Mitsotakis
The Golden Visa program in Italy is also known as the Investor Visa for Italy. Foreigners seeking residency are the EU countries that mostly prefer this Golden visa program. Some of the investment options offered via the program are as follows:
Type of Investment |
Minimum Investment required |
Government bonds |
€2 million |
Corporate bonds or shares |
€ 5,00,000 |
Innovative startups |
€ 2,50,000 |
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