Greece continues to welcome financially independent non-EU citizens seeking long-term residence in a peaceful and culturally rich country. Under Article 163, paragraph 8 of Law 5038/2023, Greece offers a specific residence permit for Financially Independent Persons (FIPs), which is an ideal solution for retirees, remote income earners, and others with stable financial means who wish…

The Greek government, through the Ministry of Migration and Asylum, has introduced a significant initiative to attract foreign investments in startups using the Golden Visa program. This framework involves granting a “B.6” residence permit to third-country nationals who invest in Greece, thereby promoting innovation and entrepreneurship. Conditions for Granting the PermitInvestors must contribute at least…

The Greek government has announced an extension until February 28, 2025, for the Golden Visa program with the old threshold of 250.000 and 500.000 euros in real estate investment. This decision directly impacts thousands of investors who had already made down payments of 10% and signed pre-contracts but faced delays in finalizing their final purchase…

The government is set to implement a new scheme in 2025 that will separate the Greek Golden Visa Program from real estate investments. This initiative aims to redirect focus from property acquisitions to promoting startup entrepreneurship. The Greek government aims to redirect investor capital towards more productive sectors, moving away from real estate investments that…

Prime Minister Kyriakos Mitsotakis made a reference to the Golden Visa in Greece in his speech at the 88th Thessaloniki International Fair, but not in regards to the real estate program. The recent changes come as part of the economic strategy introduced during the 88th Thessaloniki International Fair to further boost the country’s economy. The…

The entry into force of Law 5038/2023 on April 1, 2024, enforced the FIP (Financially Independent Persons) Residence Permit for third country individuals. The residence permit for Financially Independent Persons is now the “residence permit for third-country nationals with sufficient resources” (I.8 residence permit), and the conditions for its issuance are regulated in Article 163…

In the context of successfully implementing the Golden Visa program and taking into consideration the requirements of foreign investors, Greece has expanded this program. It has introduced a more flexible and expedited process for non-EU/EEA citizens who intend to acquire a residence permit (Greek Golden Visa) through intangible investments in Greece, specifically in the form…

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