After the bill is voted on, the Greek State will be able to grant a five-year residency permit to non-EU nationals, provided that they invest at least €400,000 into Greek companies.
The non-European citizens will have to deposit their capital in a Greek Bank for at least twelve months with a fixed order for renewal, before being able to get the residency permit.
The residency permit will also be given to a non-EU citizen when he or she buys Greek bonds of a minimum value of €400,000 through a Greek bank.
The bonds’ duration will have to be at least three years.
Greece, until now, was granting ”golden visas” to those who invested at least €250,000 in the Greek real-estate market.
Thousands of non-EU citizens, especially from China and Russia, have taken advantage of the program, as a ”golden visa” from Greece, offers the right of free movement across the European Union.