Greece to Allow Credit Card Payments for the Golden Visa Program

Athens at Dusk

Greek government is proposing to allow the use of POS-terminals to effect "Golden Visa" investments.

Greek Development and Investment Minister Adonis Georgiadis, has tabled an amendment, and states that the prohibition on the use of POS payments acts as an unnecessary depressant on investors interest.
The measure will also have retroactive effect, as it will cover transactions made electronically through January 1, 2017.

According to the amendment, the agreed price is paid in full:  a) with a two-line bank check on the payee’s payment account held with a credit institution operating in Greece,
2) with a credit transfer, as defined in article 24 of article 4 of Law 4537/2018 ( A ’84), or
3) through a POS installed by a payment service provider operating in Greece, by debiting the purchaser’s bank credit or debit card, to a payment account of the payee held by a payment service provider as defined in Article 4 n. 4537/2018, which operates in Greece.
 
The above methods of payment may be made either by the spouse or by relatives by blood or affection to the degree of the buyer.

The amendment stipulates that all particular payment details, including in particular seller, buyer, and any third party payer identification, the number of payment accounts of the payer, his address, his personal identification number, the payer’s identification number or the date and place of birth, the method of payment and the relevant billing and billing payment accounts of the payee, as well as the buyer’s responsible statement on the spouse.
Any relationship or affiliation with a third party payer must be duly registered and submitted by the contractors to the notary who draws up the contract and be listed thereon.

Greek Golden Visa gives Visa-Free access to all EU member states and the Schengen zone.

See all our news