Q & A
Greece Residence Permit by Investment
|
Q
What is Greece Residence Permit through investment?
A
It is a program whereby investors, including their eligible family members, are granted Greece Permanent Residence by investing in Greece |
|
Q
What kind of investments are eligible under this program?
A
An investment may be made in any new or existing business. The only requirement to be met is that the investment must have a positive impact on national development and the economy. |
|
Q
Are there any restrictions with regard to a particular sector or location of an investment project?
A
No |
|
Q
What are the factors which are normally taken into account to decide whether a project has a positive impact on national development and the economy?
A
Factors normally taken into account are job creation, promotion of domestic resources, vertical integration of domestic production, export orientation, innovation and adoption of new technology. |
|
Q
What is the minimum investment an investor must make in a project?
A
€ 250,000 |
|
Q
What is the “Qualifying Criteria” for the Main Applicant?
A
Following are the qualifying criteria: |
|
Q
Which family members are eligible to apply along with the Main Applicant?
A
Following are the eligible “family members”: |
|
Q
Does the Greece Residence Permit grant access to any type of employment in Greece?
A
No |
|
Q
What are the maximum number of Greece Residence Permits that can be issued for one investment project?
A
10. The number will vary depending on the amount of investment an investor makes. |
|
Q
Can Greece Residence Permits be granted to anyone else besides the investor(s) and eligible family members?
A
Yes. A Greece Residence Permit may also be granted to company executives involved in the implementation and/or operation of investment project. |
|
Q
For what duration is the Greece Residence Permit granted?
A
Five years |
|
Q
Can the Greece Residence Permit be renewed?
A
Yes. Continuously, for as long as an investment continuous to be active and the investor’s/executive’s position in relation to the investment project is maintained. |
|
Q
Are there any language, education or business background requirements to be met?
A
No |
|
Q
Are there any residency requirements to be met?
A
No |
|
Q
Does the Greece Residence Permit grant visa free access to any country?
A
Yes, to the whole of the European Union and the Schengen Area. |
|
Q
As a holder of a Greece Residence Permit can I apply for long-term residence status or citizenship?
A
Yes. A third country citizen has the right to apply for long-term residence status, subject to certain conditions being met. Grant of long-term residence is a pre-requisite to apply for Greece Citizenship by naturalization, provided certain requirements are met. |
|
Q
How can Migratesmart® help us?
A
Our partnerships with leading & highly reputed law firms in all countries that we operate in, or provide services for, enables us to provide end-to-end solutions & services to our clients. We can take care of every aspect of your migration process & ensure you derive maximum benefit from our expert knowledge & advice. |
