Greece has emerged as an attractive destination for investors and entrepreneurs seeking new opportunities in Europe. With its strategic location, growing economy, and favorable policies, the country offers several visa options tailored to individuals looking to invest, start businesses, or contribute to the local economy. Whether you’re a seasoned entrepreneur or a first-time investor, Greece provides pathways to residency that can lead to long-term benefits, including access to the Schengen Area.
In this article, we’ll explore the investor and entrepreneur visa options available in Greece, their requirements, benefits, and application processes.
1. Golden Visa Program (Real Estate Investment)
The Golden Visa is one of Greece’s most popular residency programs, designed to attract foreign investors by offering residency rights in exchange for significant investments in the country.
Key Features:
- Eligibility: Non-EU citizens who invest at least €250,000 in Greek real estate.
- Benefits:
- Five-year renewable residency permit.
- Freedom to travel within the Schengen Area.
- No requirement to live in Greece continuously.
- Family members (spouse, children under 21, and parents) can also obtain residency.
- Investment Options:
- Purchase residential or commercial property.
- Buy multiple properties as long as the total investment meets the €250,000 threshold.
- Invest in shares of real estate investment companies.
Application Process:
- Property Acquisition: Complete the purchase of real estate through a legal transaction with a notary.
- Documentation: Gather required documents, including proof of investment, passport copies, health insurance, and proof of clean criminal record.
- Submission: Submit your application to the local immigration authorities or Greek consulate in your home country.
- Biometrics: Attend a biometrics appointment if required.
- Approval: Once approved, receive your residency card, valid for five years.
Why Choose the Golden Visa?
- Low Investment Threshold: Compared to similar programs in other EU countries, Greece’s €250,000 requirement is relatively affordable.
- Flexibility: You don’t need to reside in Greece full-time, making it ideal for those who wish to maintain ties elsewhere.
- Pathway to Citizenship: After seven years of legal residence, you may apply for Greek citizenship.
2. Entrepreneur Visa (Start-Up Visa)
For aspiring entrepreneurs and innovators, Greece offers a Start-Up Visa , which allows non-EU citizens to establish and operate businesses in the country. This program aims to boost Greece’s startup ecosystem and attract global talent.
Key Features:
- Eligibility: Individuals with innovative business ideas that have growth potential.
- Requirements:
- A detailed business plan outlining the nature, viability, and scalability of your venture.
- Proof of sufficient funds to sustain yourself and your business during the initial phase.
- Health insurance coverage.
- Clean criminal record.
- Benefits:
- One-year initial residency permit, renewable based on business performance.
- Access to networking opportunities and support from local incubators and accelerators.
- Potential tax incentives for startups operating in specific sectors.
Application Process:
- Develop a Business Plan: Prepare a comprehensive proposal highlighting your idea, target market, financial projections, and job creation potential.
- Submit Application: Apply at the Greek consulate or embassy in your home country, providing all necessary documentation.
- Evaluation: Your business plan will be reviewed by relevant authorities to assess its feasibility and contribution to the Greek economy.
- Approval: If approved, you’ll receive a one-year residency permit, renewable annually upon demonstrating progress.
Why Choose the Entrepreneur Visa?
- Supportive Ecosystem: Greece has a growing startup scene, particularly in tech and tourism-related industries.
- Tax Advantages: Startups may qualify for reduced corporate tax rates and other incentives.
- Networking Opportunities: Join a vibrant community of entrepreneurs and access mentorship programs.
3. Self-Employment Residency Permit
If you’re a freelancer, consultant, or professional looking to work independently in Greece, the Self-Employment Residency Permit is an excellent option. This permit allows non-EU citizens to engage in self-employed activities while residing legally in the country.
Key Features:
- Eligibility: Freelancers, artists, consultants, and other self-employed professionals.
- Requirements:
- Proof of professional qualifications or experience.
- Evidence of sufficient income to support yourself.
- Tax registration in Greece.
- Health insurance coverage.
- Benefits:
- Initially granted for one year, renewable annually.
- Ability to work with both local and international clients.
- Access to Greece’s affordable cost of living and high quality of life.
Application Process:
- Prepare Documentation: Gather proof of qualifications, financial means, and health insurance.
- Register for Taxes: Obtain a VAT number and register with the Greek tax authorities.
- Submit Application: File your application at the nearest Aliens and Immigration Department or Greek consulate.
- Biometrics Appointment: Attend a biometrics session if required.
- Approval: Receive your residency card, valid for one year.
Why Choose the Self-Employment Permit?
- Flexibility: Ideal for freelancers and independent contractors who want to base themselves in Greece.
- Cost-Effective: Lower overhead costs compared to traditional employment permits.
- Work-Life Balance: Enjoy Greece’s relaxed lifestyle while building your career.
4. Investor Visa (Alternative Investments)
In addition to real estate, Greece offers residency options for investors who contribute to the economy through alternative means, such as government bonds, bank deposits, or shares in Greek companies.
Key Features:
- Eligibility: Non-EU citizens investing at least €400,000 in:
- Government bonds.
- Shares in Greek companies.
- Bank deposits in Greek financial institutions.
- Benefits:
- Five-year renewable residency permit.
- Freedom to travel within the Schengen Area.
- Family members eligible for residency.
- Application Process:
- Make the qualifying investment through authorized channels.
- Collect supporting documents, including proof of investment, health insurance, and criminal record clearance.
- Submit your application to the relevant authorities.
- Attend biometrics appointment if necessary.
- Receive your residency card upon approval.
Why Choose the Investor Visa?
- Diversified Investment Options: Beyond real estate, you can explore financial instruments that align with your portfolio goals.
- Long-Term Benefits: Provides stability and access to European markets.
- Potential Returns: Investments in government bonds or shares may yield financial returns over time.
5. Digital Nomad Visa
While not exclusively for investors or entrepreneurs, the Digital Nomad Visa is worth mentioning for remote workers who generate income from abroad but wish to reside in Greece. This visa supports freelancers, remote employees, and entrepreneurs managing online businesses.
Key Features:
- Eligibility: Remote workers earning a stable income from non-Greek sources.
- Requirements:
- Proof of remote employment or freelance contracts.
- Minimum monthly income of approximately €3,500 (varies depending on family size).
- Health insurance covering medical expenses in Greece.
- Benefits:
- One-year initial residency permit, renewable annually.
- Reduced taxation rate (typically 50% of your foreign-sourced income).
- Access to Greece’s inspiring work environment and cultural richness.
Application Process:
- Gather Documentation: Provide proof of income, employment contracts, and health insurance.
- Submit Application: Apply at the Greek consulate or embassy in your home country.
- Approval: Once approved, receive your residency card.
Why Choose the Digital Nomad Visa?
- Tax Incentives: Attractive for high-income earners working remotely.
- Lifestyle Appeal: Combine work with leisure in one of the world’s most beautiful countries.
- Community Support: Connect with other digital nomads and freelancers.
6. Pathway to Permanent Residency and Citizenship
Both the Golden Visa and Entrepreneur Visa can serve as stepping stones toward permanent residency and eventual citizenship in Greece. After seven years of continuous legal residence , you may apply for Greek citizenship, granting you full rights as an EU citizen, including the ability to live and work anywhere in the European Union.
7. Tips for Success
- Consult Professionals: Work with immigration lawyers or consultants familiar with Greek regulations to ensure a smooth application process.
- Plan Finances Carefully: Ensure you have sufficient funds to cover initial expenses and sustain your business or investment.
