Thursday April 2, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Residence permits for foreign investors

 Government examines various ideas on how to attract investment from outside the European Union

By Dimitra Manifava

The government is examining various ideas to facilitate the provision of residence permits to foreign investors from third countries, in the context of its efforts to attract investment to the cash-strapped economy.

Various proposals have so far been put forward following the completion of the public consultation phase of a draft law governing strategic investments, which is in the final stretch of processing and may be signed by the competent ministers as early as next week.

One of the ideas being taken into consideration by the government concerns supplying a five-year residence permit to non-European Union citizens who have received a visa to enter the country and who own a main or a secondary residence in Greece whose value exceeds 300,000 euros. Another proposal concerns supplying a permit to foreign investors who aim to invest over 1 million euros in the real estate sector in Greece.

Development Ministry sources suggest, however, that these ideas have not matured yet and may not be included in the current bill on strategic investments.

This draft law was presented by the ministry on October 3 and its Article 10 provides for investors, whose plans are defined as strategic investments by the ministerial committee and are eligible for the fast-track process, to almost instantly obtain residence permits that are valid for up to 10 years.

Meanwhile, in the context of investment and of Greek enterprises in foreign markets, the Development Ministry is close to an agreement with the European Bank for Reconstruction and Development (EBRD), which is going to be announced next week at the EBRDs headquarters in Great Britain.

Yesterday Minister Costis Hatzidakis announced at an event jointly held by EBRD and the Hellenic Federation of Enterprises (SEV) in Athens, that Greece has applied for funding worth 1.5 billion euros in order to provide capital for Greek enterprises that are active in the Balkans, in Jordan and in Egypt, as well as for the promotion of Greek exports.

ekathimerini.com , Tuesday November 20, 2012 (22:44)  
ECB raises ELA limit by 700 mln euros
Attica office market sees no end to crisis-linked drop in demand
Stathakis prefers PPPs for the concession of regional airports
One-off takings help revenues
Government considers ministry switch after Parliament protest
The government is considering putting the Citizens Protection Ministry under the auspices of the Justice Ministry in a bid to boost both civil rights and public order, sources said on Wedne...
Updated reform list still not enough to unlock aid
Greek officials and euro-area technical experts yesterday discussed an updated list of reform proposals but were unable to reach an agreement that would pave the way for Greece ending its li...
Inside News
BASKETBALL
AEK could get a wild card to the Euroleague
AEK shows capable of climbing as high as third in the Basket League, as its 16-point home win over third-placed Aris on Sunday confirmed it can challenge both Aris and PAOK to the first spot...
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
Inside Sports
COMMENTARY
Going his own way
While up until the last election we had become accustomed to referring to the coalition government led by Antonis Samaras as one featuring a split personality, no political psychoanalyst cou...
EDITORIAL
Righting the wrongs
A country that wants to move forward should study and deal with its past mistakes in a mature and responsible manner. Greece was hit by an unprecedented debt crisis and it came to the brink ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. ECB raises ELA limit by 700 mln euros
2. Attica office market sees no end to crisis-linked drop in demand
3. Stathakis prefers PPPs for the concession of regional airports
4. One-off takings help revenues
5. Stocks slide in particularly thin trade
6. Government considers ministry switch after Parliament protest
more news
Today
This Week
1. Going his own way
2. Finance Ministry officials to discuss talks progress as EU pushes for action [Update]
3. Athens aims to tighten ties with Russia
4. Spike in migrants reaching Lesvos
5. Buffett says Greek exit from euro may not be a bad thing
6. Greek economy minister sees deal with EU/IMF on reforms next week
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Amateur antics or overstepping the mark?
5. Greece optimistic on deal with euro area next week
6. ECB nerves fray on Greece as supervisors rile central bankers
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.