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UK Golden Visa Applications Surge in Greece and Portugal After Tax Reforms

Chancellor Rachel Reeves’s removal of non-dom status is prompting a wave of UK residents to pursue Mediterranean investment visas.

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Overview

  • Official data show 626 Greek golden visas were granted to UK nationals in the year to April, marking a 46.6% rise year-on-year.
  • Portuguese authorities recorded 389 grants to Britons in 2024, up 66.2% from 234 in 2023.
  • Spain’s golden visa scheme remains closed since April 2024, redirecting demand toward Greece and Portugal.
  • Astons reports that middle-class families, remote-working professionals and retirees now account for a growing share of applicants.
  • Opposition parties have proposed domestic residency-by-investment schemes such as a Britannia Card permit while the Treasury insists its tax agenda keeps the UK competitive.