CK Accounting & Tax Services Firm
Greece has strengthened its investment residency framework, clarifying the conditions under which non-EU nationals may obtain a residence permit for investment activity when they serve as executives in Greek or foreign-owned companies established in Greece.
The recent ministerial decision (11 November 2025) specifies both the eligibility criteria and the ongoing compliance obligations for maintaining this residence permit.
⸻
Who Is Eligible?
A non-EU citizen may apply for an investment-activity residence permit when they hold one of the following positions in a company operating legally in Greece:
• Member of the Board of Directors
• Manager
• Legal representative
This applies to:
• Greek companies, or
• Branches of foreign companies established in Greece.
Minimum financial requirement
The company or branch must have either:
• Total assets of at least €4,000,000, or
• Annual turnover of at least €4,000,000
in the most recently closed financial year.
⸻
Applicants must submit:
General Certificate from GEMI (Greek Business Registry)
Official decision appointing the applicant to the relevant position
Published financial statements of the last closed fiscal year accompanied by an Audit Report from a Certified Public Accountant, confirming that assets or turnover reach the €4,000,000 threshold
Company declaration confirming that the applicant does not receive remuneration for their position
These documents verify both the company’s financial standing and the executive role of the applicant.
⸻
After the residence permit is issued or renewed, the Directorate of Foreign Direct Investments (Ministry of Development) monitors compliance.
Executives must notify the authority within one (1) month of any change in:
• their position (BoD member, manager, legal representative),
• the non-remunerated status of the role,
• the company’s activity status,
• the company’s assets or turnover falling below €4,000,000.
Failure to submit timely notifications may lead to revocation of the residence permit.
⸻
To renew the permit, the investor must:
• submit a request for certification of investment retention to the Directorate of Residence Permits (Ministry of Migration & Asylum),
• provide all supporting documents again,
• allow the Ministry of Development to re-evaluate whether the investment and executive conditions continue to be met.
Only upon successful certification is the residence permit renewed.
⸻
Conclusion
The updated framework strengthens transparency and ensures that residence permits tied to company executives genuinely relate to significant and ongoing business activity in Greece.
At CK Accounting & Tax Services, we offer full support to:
• non-EU investors and executives,
• Greek and foreign-owned companies,
• preparation of all documentation,
• communication with public authorities,
• ongoing compliance and renewal procedures.
For tailored guidance, our team is ready to assist you throughout the entire Golden Visa process.