Resident permits for investment activity are granted to non EU/EEA citizens (investors or executives) in the context of the implementation of an investment project following a positive assessment of the investment by the directorate for foreign capital at the ministry of economy and development. The legal framework does not set specific limits regarding the total cost of the investment project. However, an investor applying for a resident permit under this program should contribute to the investment with an amount of at least 250,000 euros, available through his own funds. The process for granting a resident permit for investment activity involves the following: enter the country on a national visa (type D) issued for investment purposes by the competent consular authority, which is valid for up to one year; applying for a resident permit. A non-EU/EEA citizen who has entered the country with a national visa (type-D) for investment purposes should complete the required process for applying for the resident permit before the expiry of the entry visa. Documentation for granting a type D national visa is: a passport or other travel document recognized by Greece, with a period of validity which must exceed by three months the expiry date of the visa, having at least two blank pages and issued within the previous ten years; travel insurance with a duration covering at least the entire visa period and providing coverage of costs which might arise in case of repatriation for medical reasons, urgent medical care and/or emergency hospital treatment; criminal record certificate issued by the foreign authorities certifying the criminal record status of the applicant in the country of his/her residence (in cases where the applicant has lived in a country other than that of his/her origin for more than a year before lodging the entry visa application, the consular authority may request a criminal record certificate issued by the country of origin); medical certificate issued by a recognized state or private institution, showing that the person concerned does not suffer from a disease that could pose a threat to public health, as defined by the international data of the World Health Organization (WHO) and the European Union acquis, nor from any other infectious, contagious or parasitic diseases that impose measures to protect public health. The documentation for the investment project needs to include: details of the existing company or one to be established to pursue the investment activity (name, type of legal entity, shareholder / corporate structure); a description of the investment project, such as the location of the investment project, its budget, its financing structure, a timetable for implementation of the investment, forecasted results for the first five years of investment (feasibility study and cash flow forecast), and the total number of jobs to be created by the operation of the investment. Information concerning the applicant in relation to the contribution to the investment should include: a brief curriculum vitae; the applicant’s position and occupation relative to the investment project; the duration of residence in accordance with the investment implementation; documentation for investors’ own funds. The documentation of the investor(s)’ ability to fulfill the requirements for own funds should be based on quarterly statement, certificates of bank deposits or securities for individuals, and balance sheets for companies
How can I apply for a Type D Visa in Greece?
I want to expand my business in Greece by establishing an office in Athens. I learned that I would need to apply for a Type D visa first. What documents do I need to apply for that visa? Do I need to have a business plan?
The D visa service is issued by the Greek consulate of the country where the applicant is legally a resident. The person concerned must appear in person before the consular authority, submit the required documents and interview him in order to ascertain the purpose of his entry and stay in Greece and pay the prescribed fees. (The interview is provided by the Code of Immigration Law 4251/2014, No. 8, par. 8). The competent directorate of the decentralized administration (in Greece), after checking the conditions of article 6 hereof, may invite the third-country national to an interview. The supporting documents: a fully completed and signed application form for a long-stay national visa, accompanied by a recent color photograph of the applicant, which shall meet the relevant specifications set by ICAO. The form of the application includes a position of a responsible declaration provided by the provisions of paragraph 6 of article 22 of Law 1599/1986 that the information provided is true and the supporting documents are not forged or falsified; a passport or other travel document recognized by the competent Greek authorities which meets the criteria of its validity shall extend at least three months after the intended date of departure from the territory of the member states of the enhanced Schengen cooperation or, in the case of several visits, after the last scheduled date of departure from the territory of the member states; this urgency may be waived. It must also contain at least two blank pages and be issued within the preceding decade.