New possibilities for granting it brings it to Parliament by the financial staff. In particular, the relevant provision in the new tax bill links the provision of Golden Visa to investment incentive measures and in particular to the objective of developing the startup ecosystem. The competent authorities of the Ministry of Immigration therefore intervene in the Code of Immigration in the light of the legislative provision for granting the special residence permit type B.6 to persons investing in Greek start-ups, provided that specific conditions are met. What are the conditions for granting Golden Visa to investors At a first level, the new law provides for the conditions that an investor may retain his Golden Visa in the event of bankruptcy or corporate transformation, if and when he makes a new investment within 12 months, while the opposite provides for sanctions in those cases where early transfers of shares are made to the company in question. With regard to the granting of a new Golden Visa residence permit, this concerns investors who will invest a minimum of 250,000 euros in startups registered on the National Register of Newly-born Enterprises. Moreover, this investment must lead to the acquisition of shares or shares up to 33% of the company’s share capital or voting rights. Moreover, it should lead to the creation of at least two new jobs in the first year of the investment, which should be maintained at least for five years, without even losing any of the existing jobs. A key requirement for the investor to request the granting of Golden Visa is, together with the necessary supporting documents, the payment of an infringement of EUR 2,500, which, even if the application is rejected, is not returned. In particular, the law provides that if the investment is carried out by a legal person, the residence permit to third-country citizens is granted as follows: For an investment made by a national legal person, a residence permit may be granted in Greece to a third country citizen, provided that he owns all of his shares, for an investment carried out by a foreign legal person, a residence permit may be granted to Greece up to 3, depending on the amount of the investment, citizens of third countries holding at least 33% of the capital of the foreign legal person. Finally, it is noted that the investment is carried out with funds, which are invested from abroad in Greece for the purposes of investment by a third country citizen. The transfer agent may be the spouse or other part of the symbiosis agreement or blood relatives or stress-free to the second degree of the investor.
Tax bill: New terms for Golden Visa – Who are entitled to the ‘gold’ residence permit
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