Greece's Golden Visa Investment Popularity Grows

Greece’s Investment Popularity Among Foreigners Soars

Greece, renowned for its tourism and the successful Greece Golden Visa Program, continues to thrive as an investment hub for foreigners. The country’s ongoing efforts to create an attractive political and economic environment for foreign investors are paying off year after year. 

As a result, Greece is gradually emerging as a favored destination for investors from around the world. However, becoming a prominent investment hub doesn’t happen overnight. According to a survey presented at an investment forum in Athens, Greece faces several challenges on its path to becoming a Mediterranean powerhouse.

Greece Golden Visa Growth is Consistent

According to the latest data from the Bank of Greece, foreign direct investment in Greece witnessed a robust growth of 12.5 percent in 2018 compared to the previous year, reaching an impressive 3.6 billion euros. This remarkable increase marks the third consecutive year of rising investments pouring into the country, indicating a strong vote of confidence from international investors.

In a recent survey conducted by Metron Analysis at the InvestGR Forum, it was revealed that a significant 60 percent of chief executive officers (CEOs) from 35 multinational companies currently operating in Greece expressed their intention to further invest in the country. This figure represents a notable increase from the 53 percent recorded in the same survey conducted last year, underscoring the growing appeal and attractiveness of Greece as a business destination.

Additionally, the survey participants were asked to evaluate their beliefs regarding the Greek economy for the next five years. Encouragingly, the vast majority of respondents expressed optimism and confidently predicted that Greece will continue to evolve and improve as an investment destination in the coming years. This positive sentiment further reinforces the positive trajectory of the Greek economy and its potential for sustained growth and prosperity in the foreseeable future.

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Many Areas Around Greece Enjoying Increased Investment

According to the survey, the main sectors that are considered attractive for investors in Greece include tourism, food catering, education, energy, health services, transport, and real estate. These sectors have shown promising growth potential and have been drawing the attention of both domestic and international investors. 

The survey, conducted for a second consecutive year by Metron Analysis in collaboration with Public Affairs & Networks, provides valuable insights into the investment landscape of the country.

The results of the survey were recently presented at a seminar in Athens, where experts discussed the opportunities and challenges associated with investing in Greece. In addition to the survey findings, the Bank of Greece (BoG) also shared statistics on foreign direct investment (FDI) in the country over the past three years, shedding light on the increasing interest and confidence of investors in the Greek market.

Overall, these developments highlight the positive momentum and potential for growth in the Greek economy, making it an attractive destination for both local and international investors seeking lucrative opportunities in various sectors.

Some Things to Consider

However, there are several factors within the Greek economy that impede incoming investments and are viewed negatively by CEOs. These include Greece’s administrative environment, tax framework, and corruption. Foreign investors also express concern over the slow pace of Greece’s judicial system and the limited research and innovation undertaken in the country. 

Nevertheless, as the Greek government proposes new policies and strategies to address these issues, investor confidence in the country continues to grow, despite the existing problems. It is not unreasonable to anticipate that Greece will fare better in the near future, considering the success of the Greek Golden Visa Program.