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Greek golden visa for investors (residence permit for 5 years) – Eligible investments and monetary thresholds.

Iason Skouzos - TaxLaw > Practice Areas  > Immigration Law  > Greek golden visa for investors (residence permit for 5 years) – Eligible investments and monetary thresholds.

Greek golden visa for investors (residence permit for 5 years) – Eligible investments and monetary thresholds.

Investments of €400.000 and above (Article 16 of Law 4251/2014)

  1. a capital contribution of at least €400,000 to a company having its registered office or establishment in Greece, with the exception of Portfolio Investment Companies and, without prejudice to sub-paragraph b’, Real Estate Investment Companies, for the acquisition of shares in a share capital increase or bonds in the issuance of a bond loan, which are admitted to trading on regulated markets or multilateral trading facilities operating in Greece
  2. a capital contribution of at least four hundred thousand (400,000) euros to a Real Estate Investment Company Limited by Shares (REICT), whose purpose is to invest exclusively in Greece, for the acquisition of shares in order to increase its share capital.
  3. a capital contribution of at least €400,000 to a Venture Capital Company (VCC)
  4. the purchase of Greek Government bonds with an acquisition value of €400,000 and a residual maturity, at the time of purchase, of at least three (3) years, through a credit institution established in Greece, which is also their depositary
  5. a fixed-term deposit of at least €400,000 with a domestic credit institution, with a maturity of at least one year, with a fixed renewal mandate
  6. the purchase of shares, corporate bonds and/or bonds of the Greek State, which are admitted to trading or traded on regulated markets or multilateral trading facilities operating in Greece, with an acquisition value of at least EUR 800,000.
  7. purchase of units of an acquisition value of at least €400,000 in a mutual fund established in Greece or in another country, which is intended to invest exclusively in shares, corporate bonds and/or bonds of the Greek Government, which are admitted to trading or traded in regulated markets or multilateral trading facilities operating in Greece (subject to conditions).

 

Investments of €250.000 and above (Article 20 of Law 4251/2014)

  1. Full ownership and possession of real estate in Greece
  2. Full ownership and possession of real estate in Greece, through a legal entity established in Greece or in another EU Member State, whose shares or company shares are wholly owned.
  3. A long-term contract for the long-term rental of a complex tourist accommodation, or a contract for the timeshare rental of tourist accommodation.

In these cases, the minimum value of the real estate at the time of its acquisition, as well as the total contractual rent of the leases of hotel accommodation or tourist residences is set at €250,000.

 

*             The information is accurate to the best of our knowledge as at the time of writing. We have no obligation to update it. We accept no responsibility against any third party who is not a client of the firm and has not signed the terms of our engagement.

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