Greece has approved inclusion of €400,000 Bonds, securities and shares expanding the golden visa scheme to include more investment options other than real estate.
This decision was published in Government Gazette B 4155 on 12.11.2019 for granting entry and residence permit in Greece at third-country nationals, for investment in securities
or bank deposit.
Here is a quick summary of new investment options approved for Greek Golden visa scheme for third country non-EU nationals receive a five year permanent residence permit with unlimited extensions.
- Bank deposits €400,000 need only to be kept for one year
- Government bonds purchased for a minimum €400,000 must be maintained for only 3 years
- Real estate investment remains the same for €250,000
- Legal entities can also invest in securities or bank deposits under special cases for a minimum €800,000 or a minimum €400,000 in shares
The following are new investment options approved under Golden visa scheme
1. Capital Injection
- A capital injection of at least EUR 400,000 to a company which has its registered office or establishment in Greece (excluding portfolio investment companies and real estate investment companies) for the acquisition of shares in equity or bond issuance when issuing a bond loan.
- A capital injection of at least EUR 400,000 to a Real Estate Investment Company (AEAPP) with the aim of investing exclusively in Greece for the acquisition of shares in an increase in its share capital.
2. Capital Contribution to Venture Capital
A capital contribution of at least EUR 400,000 to a Venture Capital Company (CSR) for the acquisition of shares or a Venture Capital Fund (ACP) for the acquisition of shares, provided that the aforementioned Alternative Investment Organizations (AIFs) are intended to invest in AIF head office or establishment in Greece.
3. Government bonds
Purchase of Greek government bonds with an acquisition value of at least 400,000 euros and a residual maturity of at least 3 years at the time of purchase through a credit institution located in Greece, which is also their custodian.
4. Bank Deposit
Time deposit of at least EUR 400,000 to a domestic credit institution of at least one year duration with a standing renewal order.
5. Shares or corporate Bonds
Purchase of shares, corporate bonds and / or bonds of the Greek government at a minimum of EUR 800,000, which are admitted to trading or traded in regulated markets or multilateral trading mechanisms operating in Greece.
6. Mutual Funds
Purchase of at least EUR 400,000 worth of equity shares in a mutual fund, and is intended to invest exclusively in shares, corporate bonds and / or government bonds that are listed for trading or are traded in regulated markets or multilateral trading mechanisms in Greece.
7. Alternative Investments
– Purchase of at least 400,000 euros worth of shares or shares in an Alternative Investment Agency (AIF), set up in Greece or in another EU Member State, with the aim of investing exclusively in real estate in Greece.
8. Legal entities
In case of investment by a legal entity, the entry and residence of third-country nationals is permitted as follows:
(a) for an investment carried out by a national legal person of at least EUR 400,000, a third-country national who holds all of his or her shares in Greece must be allowed to enter and reside, which must be legally and / or legally established. type of corporate shares.
(b) for investment made by a foreign legal entity, up to 3 third-country nationals, who are shareholders or executives of that third country, may enter and stay in Greece. The maximum number of permits to enter and reside in Greece, depending on the amount of the investment made by the legal person, provides:
- EUR 800,000 for a license,
- EUR 1.6 million for 2 licenses and
- EUR 2.4 million for 3 licenses.
This amount increases to EUR 1.6 million, EUR 3.2 million and EUR 4.8 million for 1, 2 or 3 licenses respectively in the case of the purchase of shares, corporate bonds and / or bonds of the Greek State, which are traded or traded in regulated markets or multilateral trading mechanisms.
Source: Kathimerini
