Greece is Launching a New Golden Visa for Start-Up Investors
Through the new program, non-EU citizens can invest a minimum of 250,000 euros in a Greek start-up in exchange for a five-year residency permit
Greece has unveiled an innovative new pathway for international entrepreneurs seeking long-term residency in one of Europe’s most desirable destinations. The country has introduced a five-year golden visa specifically designed for foreign investors who support Greece’s growing startup ecosystem.
Under the new program, non–European Union citizens can qualify for a Greek residence permit by investing a minimum of €250,000 in a registered Greek startup listed on the national Elevate Greece registry. Eligible sectors include travel and tourism, real estate innovation, defense technologies, and financial technology, among others.
The initiative was introduced under Law 5187/2024 and incorporated into Greece’s draft 2025 fiscal plan submitted to the European Commission. The program officially came into effect in November 2025, further strengthening Greece’s position as an attractive destination for global investors and entrepreneurs.
Successful applicants are initially granted a one-year residence permit, which can be renewed every two years for a total duration of five years, provided specific conditions are met. Investors may not hold more than 33% ownership or voting rights in the startup. Additionally, the company must create at least two new jobs within the first year of investment and maintain those positions for a minimum of five years.
After seven years of continuous legal residence in Greece—either through this program or a qualifying alternative—investors may become eligible to apply for permanent residency or Greek citizenship, subject to national requirements.
Applications must be submitted in person at a Greek consulate, with appointments available online. While interest in the program is growing, industry experts note that the initiative is still in its early stages and has not yet been widely adopted.
This new startup-focused visa complements Greece’s existing golden visa offerings, which have traditionally centered on real estate investment. Greece’s real estate golden visa remains one of the most affordable in Europe, with investment thresholds starting at €250,000 for certain property conversions, and higher thresholds in major cities and popular islands. These visas also offer visa-free travel across the Schengen Area.
However, real estate-based golden visas have faced increasing scrutiny across Europe due to concerns about housing affordability and economic imbalance. In response, Greece’s startup investment option aims to redirect foreign capital toward business development, innovation, and job creation, reducing pressure on the housing market while fostering sustainable economic growth.
Similar investor-focused residency programs have recently been introduced in countries such as Malaysia and New Zealand, reflecting a global shift toward investment models that prioritize local enterprise development and long-term economic impact.
With this new golden visa option, Greece is positioning itself not only as a lifestyle destination, but also as a strategic hub for entrepreneurship and innovation in the Mediterranean region.
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