This means that a Greek or European person needs to be hired and appear as a representative.
What does it mean that company applicants for Greek Golden Visa have to “have a representation in Greece”?
I want to apply for the Greek Golden Visa through a company that is wholly owned by me. However, I learned that in order to apply for this program, the company has to have representation in Greece. What exactly does that mean? My goal is to build a local branch in Greece after I get the golden visa.
A representation of a company in Greece means that it has a branch and exercises financial operation in Greece. This is a preliminary condition for you to apply for the Golden Visa, so you have to install the branch before you apply.
According to the Article 16 of Greek immigration law in force, 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. 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 a positive impact on national development and the economy. 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 legal structure of the investment is upon investor’s decision either to a new Greek company or an affiliated company of your own one, but in any case should be established in Greece. The holders of this resident permit have access to the exercise of investment activity (as legal representative, president, board member or chief executive officer).