It is much easier faster and demands less amount of money if you follow the option to obtain a Greek Golden Visa the real estate way. Then you can establish your own business as you like. Simplicity with instant action has to be your goal.
How long does the business investor visa take to get approved in Greece?
I am interested in making an investment in a restaurant in Greece. I would rather do this Golden Visa route than the real estate purchase method, which I know is more popular. Knowing that I want to establish a business, as an investor how can I make this happen? What are some general tips you can provide for this strategic investment?
Greece has set up a flexible and fast procedure for non-EU/ EEA foreign investors who wish to obtain a resident permit for the purpose of investment activity in Greece, following the provisions of art.16 of Law 4251/2014. 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 (green field investments) or business acquisitions, restructuring or expansion of current activities (brown field 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 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 procedure begins with the submission in your country's consulate of a business plan of the scheduled investment, which has to be approved by the Ministry of Development, issuance of visa type D afterward, and the implementation is taken place in Greece.