As the Prime Minister announced, Greece will offer residence permits to investors in local startups who invest at least €250,000. Further details of the initiative are still pending.
The Greek government also plans to raise the minimum wage by 14%, support entrepreneurs, and provide a three-year tax exemption for those who lease properties on long-term contracts instead of short-term rentals.
All new measures, along with the Golden Visa by start up investment, are part of the 45-step Economic and Social Measures Plan.
If implemented, the new plan will offer investors the opportunity to obtain a 5-year residence permit in Greece by investing €250,000—nearly half the amount required for investing in Greek real estate.
New regulations for obtaining a Golden Visa in Greece took effect on September 1st, 2024. With certain exceptions, the minimum investment in Greek real estate has increased to €800,000.
The €800,000 requirement applies to Greece’s most popular cities and regions, such as Attica and Thessaloniki, as well as to islands with populations exceeding 3,100. In other parts of Greece, a Golden Visa can still be obtained with a property investment starting at €400,000.
Studios and small homes no longer qualify for a residence permit. Under the new guidelines, investors must purchase a single property of at least 120 m².
The previous investment threshold of €250,000 will continue to apply for those buying real estate for renovation or converting industrial sites into residential properties.
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