Country offers new fast-track citizenship to wealthy Americans seeking other opportunities
Greece has launched a new program allowing wealthy Americans to obtain citizenship by investing in selected startups.
Greece has expanded its citizenship options for wealthy Americans by introducing the 'Greek Startup ecosystem' initiative, which allows individuals to invest approximately $259,000 in select startups listed on the National Startup Registry. Traditionally, citizenship by investment in Greece heavily relied on real estate, but this new program reflects a broader approach that encourages investment in various sectors including finance, defense, and innovative technology. The move is part of Greece's effort to position itself as a leading innovation hub in Southeast Europe.
The official platform Elevate Greece highlights that the initiative is fueled by a robust culture of innovation and collaboration between public and private sectors, aimed at promoting Greece as an attractive destination for global investors. The growing trend of 'golden' visas reflects a desire among affluent Americans for alternative citizenship options that provide a sense of security in an increasingly uncertain global landscape. In this context, the new pathways to citizenship aim to appeal to those looking for favorable business environments and potential safety nets against economic or political instability.
However, the introduction of such citizenship programs has raised concerns among US officials, who warn about potential security risks associated with 'golden' visas. As the concept gains traction, the balance between encouraging foreign investment and ensuring national security continues to be a pressing issue, prompting dialogue on how best to manage these new opportunities without compromising public safety or national interests.