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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.

EMPLOYMENT INVITATION PROCEDURE - CONTENT OF MINISTERIAL CABINET’S ACT’S FOLLOWING THE AMENDMENTS INTRODUCED BY LAW 5275/2026

Article 17 of Law 5275/2026 amended article 26 of Law 5038/2023, which regulates the procedure for determining the volume of worker admissions for the provision of dependent employment, highly skilled employment, and seasonal work.

 

These amendments concern the provisions set out in the annually issued Ministerial Cabinet Act and are as follows:

EMPLOYMENT INVITATION PROCEDURE - CHANGES UNDER LAW 5275/2026

Article 21 of Law 5275/2026 amended article 61 of Law 5038/2023, which regulates the requirements and procedure for employment invitation process, as well as the granting of a residence permit for dependent employment following such invitation.

The main amendments concern the duration of the employment contract, the locally competent Directorate of Aliens before which the application for employment approval is submitted, and the duration of the residence permit granted.

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