Greece to grant Golden Visas, says Prime Minister, Kyriakos Mitsotakis

Highlights: Greece Golden Visas to be issued to Entrepreneurs investing in start-ups
 

• Greece is planning to extend its Golden Visa program to investors and entrepreneurs.
• Foreign investors investing a minimum of €250,000 can obtain a five-year residence permit.
• The new changes are part of the 88th Thessaloniki International Fair’s economic strategies.
• Changes in the Golden Visa program came into effect on September 01, 2024.
   

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Greece Golden Visa Program
 

The Greek Prime Minister, Kyriakos Mitsotakis, recently announced that the Golden Visa Program will now include investors investing in Greek start-ups. The Golden Visa program contributes significantly to the Greek economy. According to recent statistical data, the country received a total of 4,734 Golden Visa applications, which contributed around €1.2 billion to Greece's economy.

The new changes aim to foster innovation and invite talented foreign investors to the Hellenic Republic. The new Golden Visa program can provide lucrative opportunities to tech-savvy investors willing to invest in Greece's start-up ecosystem.
 

New changes to Greece’s Golden Visa Program
 

Greece introduced the Residency by Investment Program or the Golden Visa program on September 01, 2024. Changes in the program included a rise in the minimum investment amount required for investors to qualify for the Golden Visa.

Foreign investors would be eligible for a five-year Greek residence permit or Golden Visa if they invest a minimum of €250,000 in start-ups. The minimum investment amount required for investors belonging to islands having more than 3,100 people was increased to €800,000 from €500,000.

Under this program, wealthy foreign investors from other territories must pay €400,000 instead of €250,000 for property purchases. The program offers real estate investors two investment options: converting commercial properties to residential use or restoring listed buildings.
 

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