Greece Expands Golden Visa Program to Include Startup Investments
Greece has expanded its Golden Visa program to include a new investment option in startups, requiring a minimum investment of €250,000 in companies listed on Elevate Greece. This initiative, aimed at fostering economic growth, allows investors to obtain a five-year residence permit that can be renewed biennially, with the possibility of citizenship after seven years. Finance Minister Kyriakos Pierrakakis emphasized the program's alignment with the country's largest tax cuts since 1974 and its response to current geopolitical tensions.
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Greece has introduced a new option within its Golden Visa framework, allowing a minimum investment of €250,000 in startups listed on Elevate Greece, rather than property. Applicants receive a five-year residence permit, renewing every two years if conditions are met.
Startups must create at least two jobs in their first year and investors can hold no more than 33% equity. Golden Visa holders can apply for citizenship after seven years. This change responds to concerns about real estate-focused models and aims to benefit the economy. Greece's Finance Minister Kyriakos Pierrakakis highlighted the largest tax cuts since 1974 and ongoing defense spending in light of geopolitical tensions in Europe.
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