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Greek residence for foreign investors
PostPosted: Sun 14:16, 30 Jun 2013

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Greek residence for foreign investors
The initiative,[link widoczny dla zalogowanych], voted into law by parliament last week, comes in response to strong demand from Arab, Chinese and Russian investors, the officials from the interior ministry and property groups told a news conference on Monday.
Valid for five years and open to renewal, the residence plan follows similar measures adopted by Hungary, Spain and Portugal in the past.
The permits will enable the holders, their spouses and children under the age of 18 to freely travel though not work in the Schengen area for three consecutive months at a time.
The recession gripping Greece for a sixth straight year and heavy taxation has crippled the country's construction industry that was previously one of the pillars of the economy.
The Greek crisis has put half a million sector staff out of work and sidelined 12,[link widoczny dla zalogowanych],000 companies,[link widoczny dla zalogowanych], Dimitris Kapsimalis,[link widoczny dla zalogowanych], chairman of the confederation of construction firms,[link widoczny dla zalogowanych], told reporters.
Under the terms of the multibillion EUIMF bailout that saved its economy from bankruptcy,[link widoczny dla zalogowanych], the Greek state itself must raise 2.6 billion euros through asset sales this year.
In addition to controlling stakes in state enterprises, a large number of state real estate has been put up for lease or sale, including ministry buildings and consulate buildings abroad.

[link widoczny dla zalogowanych]

[link widoczny dla zalogowanych]

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Greek residence for foreign investors
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