Critical Warning for Golden Visa Investors - KARAR
Recent reports in the Greek press have highlighted that Golden Visa solutions offered at the €135,000 level do not meet the program's current investment requirements. The reports emphasized that investors must conduct their processes strictly in line with official criteria. Commenting on the matter, Teuta Narazan, Founding Partner of Vesta Global, stated that these methods could lead to applications being rejected and existing residence permits being revoked.
Various informational news articles regarding the Greek Golden Visa program have been published in the Greek press in recent weeks. These reports highlight that Golden Visa solutions with low amounts of 135,000–150,000 euros, which are also encountered in Turkey, may not be compatible with the program's current investment requirements. The reports emphasized that investment decisions must be made in line with official criteria.
In its public announcements, the Greek Ministry of Migration stated that supporting the investment amount with different contract models in a manner inconsistent with reality could be considered a false declaration. The Ministry stated that such practices could 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, buyback 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 residency 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.”
