After the visa type D, we can normally apply for a Greek resident permit.
What is the next step if I open a branch in Greece with a Type D visa?
I learned that the Type D visa is available for businessmen to set up new venture in Greece, but it is only valid for one year. What happens after the initial visa expires? Can I extend it or could I apply for permanent residency at that point? What are the requirements?
When visa D expires, you can either apply for extension or apply for a five-year resident permit if you meet the conditions. To apply for resident permit you must either own a property worth the 250,000-euro minimum or have a strategic investment (which needs to be approved as such by the authorities).
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 following is the process for granting a resident permit for investment activity. First, 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. Second is the application for the 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. In the meantime, visa holders will be able to undertake legal acts and conduct transactions with the competent authorities. The application and the necessary documentation for a resident permit are submitted in person or by a legal representative to the directorate for migration policy at the ministry of migration policy in Greece. Documentation needs include four printed digital passport photos, also stored in digital form (CD); a fee paid, which amounts to 2,000 for resident permits of up to a five-year duration for investors and company executives (code 2112); a positive assessment of the investment by the directorate for foreign capital at the ministry of economy and development; certification by the competent national insurance agency that the applicant has applied for the required insurance; a fee paid and obtained through the “e-paravolo” platform according to provisions of Law 4018/2011 article 1, which amounts to 16 euros concerning the printing of the separate document (electronic resident permit); certified copy of a valid passport with the relevant valid entry visa, type D already issued.