From 1 September 2024 all new Golden Visa Investments are subject to new requirements, according to art. 100 of the new Greek Immigration Code (Law 5038/2023). The main change refers to the minimum investment/property value, which was increased at €400.000. The New Key Requirements Minimum value €800.000 for properties located in the Region of Attica, Regional Uni...

Greece is one of the top destinations for foreigners who wish to invest in real estate abroad. Furthermore, a non-EU national who buys immovable property valued at 400.000€ can obtain a 5 year residence permit. Standard Procedure Find the right property Due diligence performed by a lawyer Issue a Tax Identification Number (TIN) for the byer Examination of the selle...

A foreign PLC, LLC, LTD and similar company type can establish a branch in Greece for the conduct of its business activities in Greece. The establishment of the branch is made by way of registration of the branch in the Greek General Commercial Registry GEMI. The branch of the foreign company shall obtain a Tax Registration/VAT Number and file a declaration for the commencement...

The Greek Government has adopted several measures for the financial support and protection from bankruptcy of Greek businesses whose operation is suspended or affected by COVID-19. The basic measures adopted so far are in brief the following: Postponement of payment of securities with expiration/payment date from 30.3.2020 to 31.5.2020 Postponement of payment of loan instal...

In the light of the opportunities that Greek financial crisis offers, it is important for any potential investors to understand the vehicles through which they can materialize their business plans. In other words, it is necessary to understand the main characteristics of the Greek companies and their formation procedure. The two main types of Greek companies are the Compa...

By virtue of article 20 of the Greek Immigration & Social Integration Code (Law 4251/2014) third-country nationals and their family members have the option to issue a five-year residence permit in Greece on the basis that they own immovable property in Greece valued at €250.000.  Non-EU Nationals obtaining the 5-year residence permit may: Live in, exit and re-...