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

Highlights: Greece is offering Golden Visas to Entrepreneurs investing €250,000 in Startups

• Greece is planning to grant Golden visas to startup entrepreneurs and investors.
• Golden Visas is the latest initiative providing residency, effective September 1, 2024.
• Foreign nationals can obtain a five-year residence permit through a €250,000 investment in Greek startups.
• This program is part of the border economic strategy introduced at the 88th Thessaloniki International.

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Greece Golden Visas

The government's new change has expanded Greece's Golden Visa Program to include startup investments. This latest change applies to foreign nationals who will be granted a five-year residence permit after investing € 250,000 in Greek startups.
 

The New Golden Visa took effect on September 1, 2024. The Golden Visa offers Greece residency in exchange for financial investment. As part of this change, the minimum amount required for investments made through this program was also increased.
 

According to the information, the minimum amount required for investments in some parts of the country, such as Thessaloniki, Mykonos, and Santorini, as well as islands with a population exceeding 3,100, will surge from €500,000 to €800,000.
 

 In other provinces, foreign investors must pay €400,000 instead of €250,000 to buy a property through this program. The program continues to have two investment options within €250,000: real estate investment options and converting commercial properties to residential use or restoring listed buildings.
 

The Golden Visa Program makes a notable contribution to Greece's economy. The stats from Imi Daily reveal that within the first seven months of this year, Greece received 4,734 applications for the program, bringing more than €1.2 billion into Greece's economy.
 

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