Changes to Greece’s Golden Visa Program Starting in 2025

The Ministry of Economy and Finance has presented the 2025 Budget Plan, which includes proposed changes to Greece’s Golden Visa program.

The reforms aim to attract more impactful investments by introducing a new investment option: startups. Under the new regulations, investors can obtain a Golden Visa by investing a minimum of €250,000 in startups.

Key Investment Requirements for Startups in Greece:

• Minimum Investment: €250,000 in startups officially registered in the National Registry.
• Ownership Cap: The investor’s stake in the company must not exceed 33% of its capital or voting rights.
• Job Creation: The investment must result in the creation of at least two jobs in the first year.
• Job Stability: Created jobs must be maintained for a minimum of five years.

These conditions are designed to ensure investments yield both financial returns and socio-economic benefits for Greece.

Implementation Timeline

The new rules are expected to take effect in January 2025, following parliamentary approval. This provides investors with sufficient time to prepare and select appropriate startups for their investments.

Enhancing Greece’s Global Appeal

The introduction of startup investments under the Golden Visa program is part of Greece’s broader strategy to boost its investment appeal. In recent years, Greece has made significant efforts to attract investors who are not only seeking residency permits but are also committed to supporting the country’s economic development.

Investments in startups are more than just contributions to innovation; they represent opportunities to create jobs, enhance the competitiveness of Greece’s economy, and build a sustainable future.

Investing in real estate remains one of the most popular ways to acquire a Golden Visa in Greece. The minimum investment thresholds for real estate under the program were recently revised. In September 2024, Greece updated the requirements for real estate investments:

• €800,000: Investment in real estate (minimum area of 120 sq. m) in high-demand areas such as Athens, Thessaloniki, Mykonos, Santorini, and islands with populations exceeding 3,100.
• €400,000: Investment in real estate (minimum area of 120 sq. m) in other regions of Greece.
• €250,000: Purchase and full renovation of properties with historical or cultural significance.
• €250,000: Conversion of commercial or industrial properties into residential units (conversion must be completed before submitting the application).

According to the international consulting firm Henley & Partners, Greece’s Golden Visa program ranked second globally among the most attractive investment migration programs in 2024.

Greece offers unique opportunities for investors, combining the benefits of the Golden Visa program with a wide range of investment options.

Contact Feod Group’s legal experts for professional advice and comprehensive support in obtaining Greece’s Golden Visa!

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Article author

Luhina Iryna Director of Feod Group Kyiv
Ukraine

Iryna Luhina joined Feod Group in 2018 and has established herself as a highly qualified professional. Her expertise includes company registration, bank account opening, and immigration support. ...

Iryna Luhina joined Feod Group in 2018 and has established herself as a highly qualified professional. Her expertise includes company registration, bank account opening, and immigration support.

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