One of the eligible forms of financial investment provided for under article 99 of Law 5038/2023, which grants eligibility for the issuance of a Golden Visa residence permit, is the acquisition of shares, corporate bonds or greek government bonds that are admitted to trading or traded on regulated markets or multilateral trading facilities operating in Greece, with a minimum acquisition value of eight hundred thousand euros (EUR 800,000).
Key Requirements
Minimum acquisition value of eight hundred thousand euros (EUR 800,000).
The investment must be carried out by an investment services firm or a bank having its registered office or a branch in Greece, by opening an individual investor account in the Dematerialized Securities System of the Hellenic Central Securities Depository S.A.
The investor is required to maintain, with a credit institution established in Greece, a single account designated exclusively for executing the investment and all subsequent portfolio management transactions. The investor may not withdraw any proceeds arising from the liquidation of the securities, except for the purpose of reinvesting them in shares, corporate bonds or greek government bonds, so as the average annual balance of the aforementioned account not to exceed twenty percent (20%) of the amount of the initial investment.
The investment must be made using funds originating from abroad, which are transferred to Greece by the interested third-country national specifically for the purposes of the investment.
For both the grant and renewal of the residence permit, prior certification of the execution or retention of the investment, respectively, is required by the competent authority, which is the Foreign Direct Investment Directorate of the Ministry of Development and Investments. An application, along with the required supporting documents, is initially submitted to the Directorate of Residence Permits of the Ministry of Migration and Asylum. This Directorate forwards the application and accompanying documentation to the Directorate of Foreign Direct Investments of the Ministry of Development, which subsequently issues and transmits the required certification to the Directorate of Residence Permits. The certification confirms either the completion of the investment, in the case of an initial residence permit application or the continued holding of the investment, in the case of a residence permit renewal.
Specific supporting documents submitted to the Directorate of Residence Permits of the Ministry of Migration and Asylum:
Certificate issued by the intermediary, confirming the opening of the investor’s individual account in the Dematerialized Securities System of the Hellenic Central Securities Depository S.A., along with the client code assigned for the investment. The certificate must also confirm the purchase of securities (shares, corporate bonds, and/or greek government bonds), their quantity, acquisition value (purchase price paid), date of acquisition and their continued holding up to the date of issuance of the certificate.
Certificate issued by the credit institution, confirming the opening of the exclusive-use bank account designated for the investment and related transactions.
Duration and Renewal of the residence permit – Rights and Obligations:
The residence permit is initially granted for a period of five (5) years and may be renewed for an equal period each time, provided that the retention of the specific investment is duly certified and all other statutory requirements are met.
The investor’s family members are entitled to be granted residence permit that expires simultaneously with that of the investor. Family members include:a) the spouse or civil partner, b) common unmarried children under the age of twenty-one (21), c) unmarried children of the investor or his/her spouse or partner who are under the age of 21 and for whom they have custody, d) the parents of the spouses or partners and e) adult children of the investor or of the spouse/partner, provided they are third-country nationals, lack legal capacity, regardless of age, and reside with and are supported by the investor.
No right of access to any form of employment is granted.
There is no obligation to reside in Greece. Therefore, absence from the country does not affect the renewal of the residence permit.
The investor holding a residence permit under article 99 of Law No. 5038/2023 may liquidate the investment in order to reinvest, within a period of two (2) months, in the same or another category of investment or in real estate. In such cases of modification of the investment, the already granted residence permit remains valid until the certification procedures for the new investment are completed and the new residence permit is issued.
The investor may carry out more than one investment, up to a maximum of three (3) distinct investments in total. In such cases, the minimum required total investment amount is determined based on the category with the highest applicable investment threshold.
If you are interested in obtaining a Golden Visa residence permit by investing in shares, corporate bonds or greek government bonds a capital contribution to a Real Estate Investment Company, you can contact our office by telephone at +30 210 3319753 or by email at info@georgallis-law.com. Our law office and associates, with their expertise and experience in Golden Visa residence permit matters, will guide you step by step and assist you in completing the relevant procedure promptly, securely and effectively.
One of the eligible forms of financial investment provided for under article 99 of Law 5038/2023, which grants eligibility for the issuance of a Golden Visa residence permit, is the acquisition of shares, corporate bonds or greek government bonds that are admitted to trading or traded on regulated markets or multilateral trading facilities operating in Greece, with a minimum acquisition value of eight hundred thousand euros (EUR 800,000).
Key Requirements
For both the grant and renewal of the residence permit, prior certification of the execution or retention of the investment, respectively, is required by the competent authority, which is the Foreign Direct Investment Directorate of the Ministry of Development and Investments. An application, along with the required supporting documents, is initially submitted to the Directorate of Residence Permits of the Ministry of Migration and Asylum. This Directorate forwards the application and accompanying documentation to the Directorate of Foreign Direct Investments of the Ministry of Development, which subsequently issues and transmits the required certification to the Directorate of Residence Permits. The certification confirms either the completion of the investment, in the case of an initial residence permit application or the continued holding of the investment, in the case of a residence permit renewal.
Specific supporting documents submitted to the Directorate of Residence Permits of the Ministry of Migration and Asylum:
Duration and Renewal of the residence permit – Rights and Obligations:
If you are interested in obtaining a Golden Visa residence permit by investing in shares, corporate bonds or greek government bonds a capital contribution to a Real Estate Investment Company, you can contact our office by telephone at +30 210 3319753 or by email at info@georgallis-law.com. Our law office and associates, with their expertise and experience in Golden Visa residence permit matters, will guide you step by step and assist you in completing the relevant procedure promptly, securely and effectively.