The Greek government plans to allow foreign nationals to invest at least €250,000 in local startups in exchange for a five-year residence permit through its Golden Visa programme. Here’s what you need to know as an investor or expat in the EU.
Greek Golden Visa by startup investment
Under the proposed changes, investors will be able to secure a Greek residence permit by investing a minimum of €250,000 in local startups. This new pathway offers a more affordable alternative to the existing real estate investment option.
The government also plans to offer three-year tax breaks for Golden Visa holders opting for long-term property leases. This sweetens the deal further for potential investors. While specific details are yet to be finalised, this initiative is expected to create new opportunities for both investors and Greek entrepreneurs.
Current investment options for Greece Golden Visa
Real estate purchases continue to be the bread and butter of the Greek Golden Visa programme. The minimum real estate investment is €400,000 in most regions, rising to €800,000 in popular areas like Athens, Thessaloniki, and certain islands. Other golden visa investment routes include:
Government bonds: €500,000 minimum investment.
Capital contribution to Greek companies: €500,000 minimum.
Fixed-term bank deposits: €500,000 minimum.
Shares in mutual or alternative investment funds: €350,000 minimum.
Why Greece Golden Visa is popular
While it might not be the most lucrative residency programme out there, Greece's Golden Visa has gained traction for several reasons. For one, it offers a more affordable entry point compared to some other EU countries.
No residency requirement: Investors are not obliged to live in Greece to maintain their permit.
Family inclusion: The visa extends to the investor's spouse, children, and parents.
Path to citizenship: After seven years of residency, investors may be eligible for Greek citizenship.
EU access: The permit allows visa-free travel within the Schengen Area for up to 90 days in any 180-day period.
Alternatives to Greece Golden Visa
1) Portugal Golden Visa: Considered the best Golden Visa in the EU, Portugal's scheme is known for its flexibility and allows investments starting from €250,000 in certain categories.
2) Spain Golden Visa: Spain's programme requires a minimum investment of €500,000 in real estate. It offers a faster route to permanent residency, which can be obtained after five years.
Both alternatives provide similar (if not better) benefits to the Greek programme, including Schengen Area access and pathways to permanent residency and citizenship.
How we can help
International Wealth Ventures offers expert guidance on citizenship by investment, retirement planning, and tax advice for a secure future. Our team can help you navigate the complexities of Golden Visa programmes and find the best investment option tailored to your needs.