Greece: a plethora of reasons to reconsider residency
Are you considering permanent residence in Greece?
Then the new Greek Golden visa program is for you!
New changes have recently taken place for investment possibilities in Greece. Greece’s Golden Visa program now provides a unique opportunity for international investors to obtain residency by making strategic investments in the Greek marketplace. The goal is to boost the flow of investments into the Greek innovation sector, while providing investors with the very appealing incentive of Greek residence.
New regulations provide interested investors with the opportunity to make strategic decisions and possess a large share in a new Startup Company in the Greek territory. With a minimum Investment of €250,000.00 in qualifying funds, one can achieve residency for themselves and their family members.
Overview of the new Law – Procedure of Acquiring the permit card
Third-country citizens can obtain a residence permit for them and their families if they invest at least 250,000.00 euros in the capital of a company registered in the “Elevate Greece National Registry of Startups” (Elevate Greece). The funds can even derive from the relatives’ bank accounts.
The residence Permit is granted upon Decision of the Ministry of Immigration and Asylum, with duration of one (1) year, which is renewed for term of two (2) years each time, as long as the holding of the specific investment is certified and the rest of the conditions for granting the residence permit are met.
Eligibility Criteria
A residence permit in Greece is granted to third-country citizens:
a) for an investment made by a Greek legal entity, a residence permit may be granted to a third-country citizen, provided that they hold all of its shares,
b) for an investment made by a foreign legal entity, a residence permit in Greece may be granted to a third-country citizen, who holds at least thirty-three percent (33%) of its capital.
c) for an investment made by an individual, obtained shares must not exceed 33% of the (Greek) company’s capital.
For the golden visa’s renewal, similar requirements are to be met such as to create in the company, within the first year from the investment, at least two new job positions.
Benefits of Greek golden visa
Absences from the nation will not affect the renewal of a residency permit. Through the golden visa program, you can secure residency for you and your family in one of the Europe’s and Schengen’s top destination with top – quality standards of living. Residence permits holders have full access to the private health system and education, while enjoying mediterranean serenity and tranquility.
The golden visa program is ranked as one of the best, among European nations.
Please contact Eurofast’s knowledgeable legal experts in Greece at [email protected] for more information or individualized advice on navigating Greece’s Golden Visa program and the most recent regulatory changes. Do not hesitate to contact us and find out everything you want to know, with the guidance of Eurofast’s team.