Critical Warning for Golden Visa Investors - İMAR PANOSU
News reports in the Greek press point out that Golden Visa offers at the €135,000 level do not meet the program's current investment requirements.
News reports in the Greek press state that investors must conduct the process according to official rules. Commenting on the matter, Vesta Global Founding Partner Teuta Narazan said, “Applications made using these methods may be rejected, and even existing permits may be revoked.”
Various informative news articles have been published in the Greek press in recent weeks regarding the Greek Golden Visa program. These reports highlight that low-value Golden Visa solutions at the €135,000–€150,000 level, also encountered in Turkey, may not be compatible with the program's current investment requirements.
The reports emphasize that investment decisions must be made in accordance with official criteria.
In its public announcements, the Greek Ministry of Migration states that supporting the investment amount with different contract models in a manner inconsistent with reality may be considered a false declaration. The Ministry states that such practices may lead to the rejection of applications or problems in the renewal processes of existing residence permits.
Teuta Narazan, Founding Partner of Vesta Global, states that different contract models, such as guaranteed income, repurchase promises, collective rent, or double pricing, must be carefully evaluated to determine whether they comply with legal requirements in practice. “The Golden Visa is one of Europe's most advantageous residence programs for those who proceed with the right investment and the right advisor. However, packages that show a low investment amount or are offered through indirect methods, such as collective rent, may create problems in terms of regulatory compliance. Applications made using these methods may be rejected, and even existing residency permits may be revoked. Transparent processes and legal boundaries are essential for the investor's security, the sustainability of the residency right, and the program's reputation.”
