You cannot work and get insured by the state, but you can run almost any business by being the shareholder.
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What are some examples of successful businesses set up in Greece for the Golden Visa program?
I am interested in starting a business in Greece to obtain visas for my family, but would like to know what kinds of ventures are successful for the program. Which kinds have you seen and what made them successful? Do you have any advice for setting up a business?
Answers
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Pleas be aware that to my knowledge, at this time investments in tourism are mainly taking place.
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Every investor applying for a resident permit under the Greek Golden Visa program, according to the article 16 of 4251/2014 Law, as recently amended, is eligible along with his family members for the privilege of permanent residence permit for investment activity, under the condition that he will contribute to the investment with an amount of at least 250,000, available through own funds. There are no restrictions regarding the sector of activity or the location of the investment project. The requirement that must be met by the investment is to have positive impact on national development and the economy. Investment activity may be implemented through the construction of new facilities (greenfield investments) or business acquisitions, restructuring or expansion of current activities (brownfield investments). Factors taken into account for assessing the impact on national development and the economy are job creation, promotion of domestic resources and vertical integration of domestic production, export orientation, innovation and adoption of new technology The most promising fields for investment activity are tourism, energy, real estate, information and technologies, and logistics.
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