Startups: New “Golden Visa” for foreign capital investments in Greek companies
Among the 45 new measures of the government, as announced by Prime Minister Mr. Mitsotakis at the 88th TIF, there is a new “Xrysis Visa” program for foreign investors who wish to invest in startups in Greece replacing the existing “Golden Visa” which focused on the real estate market in Greece.
The initiative aims at attracting foreign capital and strengthening the Greek economy, while offering the possibility of residence to entrepreneurs who wish to develop their activities in Greece.
Benefits of the Golden Visa Program
- Long-term Residence: Investors will be able to reside permanently in Greece, gaining access to all European countries of the Schengen zone.
- Strengthening the Economy: The program aims to strengthen the Greek economy by attracting foreign investment, especially in the fields of innovation and technology.
- Support for Young Businesses: Investing in startups can contribute to the development of new business models and the increase of jobs in Greece.
Participation Conditions for investments in startups
To benefit from the program, interested investors should meet certain conditions:
- The minimum investment should be 250,000 euros.
- Investments must be directed to start-up enterprises that are registered in the Elevate Greece register and are active in Greece.
- Investors should prove their financial capacity and the viability of the business in which they invest.