The Greek government has announced changes to its Golden Visa programme in an attempt to boost the startup ecosystem and provide new investment opportunities.
A residence permit (similar to the Golden Visa) will be awarded to non-resident individuals who invest a minimum of EUR 250,000 in a startup listed in the National Registry of Startups on the condition that they generate two jobs within the first year.
Greece is enhancing its support for acquisitions, mergers, and innovation by introducing new financial incentives. These initiatives will cover 50% of investment costs for small and medium-sized enterprises (SMEs) and provide an extra 10% grant for investments by newly formed entities from mergers.
Protection against natural disasters are included to enhance resilience for businesses. The consolidated annual real estate tax (ENFIA) reduction for properties valued at up to EUR 500,000 that possess insurance against natural disasters has been increased from 10% to 20%. Properties exceeding this value that are insured, the 10% ENFIA discount will remain in effect, with the requirement that they must be insured against natural disasters by 1 June 2025.
