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Buy property, get citizenship in Greece

Staff writer |
The Greek government has scheduled a new bill allowing non-EU buyers to gain full citizenship, subject to a qualifying property purchase.

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To date, investors who have bought properties in Greece worth more than €250,000 have been granted five-year residency permits in the country. Under the new scheme, permits will be renewed and after seven years, investors will be able to enjoy the benefits of Greek citizenship.

The initiative is part of the Greek government's drive to encourage foreign investment in its property market, with incentives of particular interest to investors outside the EU such as Russia and China.

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