Skip to navigationSkip to content
GOLDEN TICKET

China’s wealthier citizens are taking full advantage of Greece’s “Golden Visa”

Athens

This story is part of an ongoing series on how China is reshaping our world.

In 2013, Greece launched a “Golden Visa” investment program, dangling the promise of EU residency visas to anyone who invested directly in its ravaged economy. It was following the example of other countries like Portugal and Spain, which used golden visas to attract much-needed capital after the European debt crisis of 2009.

Greece focused its program on the property sector. For a minimum real estate investment of €250,000, investors and their families receive a five year residency permit. It has been a big hit with Chinese buyers, who have accounted for more than half of the investment—€600 million and counting—that the program has attracted.

Enrich your perspective. Embolden your work. Become a Quartz member.

Your membership supports a team of global Quartz journalists reporting on the forces shaping our world. We make sense of accelerating change and help you get ahead of it with business news for the next era, not just the next hour. Subscribe to Quartz today.

こちらは英語版への登録ページです。
Quartz Japanへの登録をご希望の方はこちらから。