Standard & Poor’s financial services company has announced that it has upgraded Greece’s sovereign credit rating to ‘B+’ from ‘B’ and has assigned a stable outlook. In its report, S&P states that Greece’s credit rating was hastened as a result of the announcement regarding a significant cash buffer and of the additional debt relief decided by Eurogroup.
In addition, S&P would consider a further upgrade of the rating, provided that the political environment becomes more predictable, direct foreign net investments are increased and progress is made in reducing non-performing loans of the bank system. The next announcement on Greece’s rating is scheduled for July 20, 2018.
Investing in the Greek tourism marketWith over 16,000 km of coastline, over 6,000 islands, and with a strong position in the global tourism market, Greece has excellent investment opportunities in this industry. Greece is one of the most popular destinations for summer holidays and it also offers attractive proposals for thematic tourism throughout the year.
Its competitive strengths, such as the rich cultural heritage, the natural beauty of the place and geographic diversity, have attracted significant investments in the tourism industry in recent years, enhancing Greece's image as a world-class tourist destination, and, on the other hand, investment opportunities.
Golden Visa Greece Benefits
♦ The only request is the lowest worldwide capital investment of only 250.000€ to be applied in a variety of sectors (Real Estate, Energy, Tourism, F&B, etc.) inside Greek region
♦ The most common investment by acquiring of any Greek property by 250k€ is covering the Law requests
♦ All VISA benefits are covering also all family members including parents
♦ VISA validity is equal to investment ownership, which theoretically can be unlimited
♦ The investor can enjoy profits from his/her investment (income from lease, operation, etc.)
♦ Free entrance to Greece
♦ Free entrance and movement within the vast majority of European countries (Schengen Area)
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