Ask A Question  | Learn more about Greece

How can I use pooled funds to make a strategic investment in Greece?

I am the largest shareholder of a real estate developer in China. Our company is considering starting a residential project in Greece and wants to take advantage of the fast-track procedure. Part of the investment will be pooled from individual investors. In such an arrangement, am I qualified for the fast-track immigration benefits? Will my family and I receive resident permits? Can the individual investors also enjoy any immigration benefits?

  • Right Target Estate
    December 05, 2018

    I am missing some points of the project to understand if you and your family are qualified for Golden Visas. But, funds should come somehow in Greece and a property must be acquired in your name or in the name of a corporation you represent. And yes, the individual investors enjoy immigration benefits, i.e., when spending at least 250,000 euros for the acquisition of a property in Greece they receive the resident permit.

  • Papalois & Associates Legal
    December 05, 2018

    Strategic investment and a Golden Visa (through property acquisition) are two different things. You can do both if you choose, but the first one will really be more difficult, as it needs approval by ministry of economics and a detailed business/financial plan.

  • Energopiisi SA Investment Consulting Services
    December 09, 2018

    As far as I understand, you are discussing about a large project investment in Greek real estate market as a corporate investment by using private funds to finance it. The plan should be scheduled very carefully and upon examination of all the related provisions from a legal and tax aspect. This plan should be implemented either through the provisions for strategic investments where the fast-track procedure could be applied under the set by law conditions or through Article 16 of Greek immigration law in force for investment activity. The difference between the two options is mainly the size of the investment. In any case, since resident permits 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, you could schedule your investment as a corporate one by taking the legal advantages of the shareholder along with your family members, and consequently the individual investors, who interested in Golden visa privileges. They could buy properties or percentages of the project and be entitled to resident permit provisions as property owners. As mentioned, this is a first approach, but since the related data are missing it would be advisable to set your investment plan under the professional advice of experts.