Resident Permit Investment Activity

  • Resident Permit Investment Activity

Q & A

Greece Residence Permit by Investment

Q & A
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:
•Must be at least 18 years of age
•A non-EU and non-EEA citizen
•No criminal history


Q
Which family members are eligible to apply along with the Main Applicant?
A

Following are the eligible “family members”:
• Spouse
• Unmarried children of both spouses, under the age of 21
• Dependent parents of both spouses


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.


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