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Greece implements new amendments impacting Golden Visa applicants and digital nomads
On 5 April 2024, significant amendments were implemented that impact individuals who apply for Golden Visas based on investments in real estate. Greece also recently introduced two alternative immigration routes for digital nomads. Law 5100/2024 (Government Gazette Α' 49/05-04-2024) was published on 5 April 2024 introducing changes for individuals who apply for Golden Visas based on investments in real estate. Employers may consider updating their internal policies and informing their employees regarding the latest updates in Greek immigration rules. Investors who seek to obtain Golden Visas may consider reviewing the requirements and eligibility criteria pursuant to the latest rules.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.