- Advertisement -In order to make such plans a reality MENA citizens are heading to the Golden Visa Program conducted in both these territories, SchengenVisaInfo.com reports. The main reason why wealthy foreign investors chose the Golden Visa scheme of Greece and Cyprus is that both these countries offer the cheapest permanent residency scheme in Europe. Co-President of Leptos Group of Companies, Pantelis Leptos, has said that both states offer a fantastic holiday home destination for foreign investors. As for the Hellenic Republic’s Golden Visa Program, a previous report of Ekathimerini revealed that €1.57 billion have been invested in this program in the past 12 months. The abolishment of Portugal’s Golden Visa Program as well as Ireland’s Residency by Investment scheme, led a large number of wealthy foreigners to head to Greece’s Golden Visa scheme.

Source: The North Africa Journal May 31, 2023 16:10 UTC