taxnews.ey.comPrint

12 December 2024

Greece introduces new residence pathway for foreign investors

On 5 December 2024, Greece published a law that introduces a new residence route for third-country nationals who make qualifying investments in Greek startups. The government is expected to begin accepting applications in the upcoming weeks. Law 5162/2024 introduced the B.6 Residence Permit, which will be issued with an initial validity of up to one year and can be renewed for up to two years each time. The new immigration route is expected to stimulate the Greek economy by further attracting foreign investors.

A Tax Alert prepared by EY's People Advisory Services, and attached below, provides additional details.

* * * * * * * * * *
Attachment

Full text of Tax Alert

Document ID: 2024-2270

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement