The second-generation residence permit was established pursuant to Article 108 of Law 4251/2014 and granted the right of lawful residence for a period of five (5) years to third-country nationals who were either born in Greece or had successfully completed six (6) grades of a greek school in Greece, before reaching the age of twenty-three (23).

A third-country national may obtain a Permanent Investor Residence Permit (Golden Visa) by investing in the form of a capital contribution of at least five hundred thousand euros (€500,000) to a company established or operating in Greece, excluding Portfolio Investment Companies and Real Estate Investment Companies.