GOLDEN VISA – INVESTMENT THROUGH THE ESTABLISHMENT AND OPERATION OF A BUSINESS IN GREECE BY A NATURAL PERSON

Pursuant to article 97 par. 1 of Law 5038/2023, a residence permit for investment activity (Golden Visa) may be granted to third-country nationals who intend to establish and operate a business based in Greece for the purpose of making an investment of at least five hundred thousand (500,000) euros, which will have a positive impact on national development and the economy.

SECOND CHANCE RESIDENCE PERMIT
Pursuant to article 40 of Law 5075/2026, paragraph 9 was added to article 163 of the Migration Code, introducing for the first time the “second chance” residence permit. This permit concerns third-country nationals who held a residence permit for at least five (5) years, the validity of which has expired or whose issuance and delivery took place after its expiration, during the last year prior to the entry into force of the law, and which was not renewed, was revoked, or whose renewal application was rejected.