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How can I establish a business in Greece if I hold a Golden Visa?

I talked with a migration agent in my home country the other day. According to her, although I cannot work for other employers as a Greek Golden Visa holder, I can establish and operate my own business as long as the government doesn’t consider my position as a risk to job opportunities for local Greek people. Is this true? If so, what types of businesses are acceptable?

  • Royalty Estate
    October 23, 2019

    The granted resident permit does not establish any right of access to any form of work in Greece. Only the exercise of economic activity in the capacity of a shareholder, a member of the board of directors or a managing director of a company is permitted.

  • Right Target Estate
    October 21, 2019

    It all depends on what kind of business you want to establish and how much committed you aim to be. The Golden Visa gives you no right to work nor to represent a company. So this means that if you want to operate the business yourself, you need to get a work permit or give the operation to a third person.

  • Energopiisi SA Investment Consulting Services
    October 19, 2019

    In no case does the resident permit for property owners provide access to any type of employment. Employment, according to paragraph 6, article 20, of Law 4251/2014, does not include the exercise of economic activity in the capacity of a shareholder or a chief executive officer for an already existing company. So in your case, you could be engaged under the above roles only in an already existing company as the legal frame exists right now. The truth is that we are waiting for some significant adjustments in the whole Golden Visa scheme, but the above is per the legal terms in force.

  • Stilianos Ch. Proestakis
    October 19, 2019

    As a Golden Visa holder, you are not allowed to work in Greece, not even independently like having your own business as a freelancer.