In order to facilitate the procedure for non-EU/EEA nationals intending to invest in Greece who legally reside in the country, either under a definite residence permit or a visa, or a long stay residence permit (2003/109/EC) granted by another EU member state, it is possible for them to submit an application together with the investment project documentation to the Greek authorities.
The said application shall be submitted to the Directorate of Migration Policy of the General Secretariat for Migration Policy, of the Ministry of Migration and Asylum, which shall then forward it to the Directorate of Foreign Capitals of the Ministry of Development and Investments for the required relevant opinion. Following the issuance of a positive opinion, the interested non-EU/EEA applicant, shall submit a residence permit application together with all necessary documentation, as described above, on condition that he/she resides in the country legally.
Provisions during the Application Processing Period
Upon receiving the application together with all the necessary documentation, the competent service of the Ministry of Migration and Asylum, shall issue a certificate, valid for one year, which shall constitute proof of legal residence of the interested party in the country.
Until the residence permit is issued, Certificate holders are entitled to all benefits provided by the residence permit they have applied for. Therefore, they may proceed to any legal formalities pertaining to their investment and engage in transactions with all relevant authorities. As soon as the competent service confirms that all necessary conditions are met, a five-year residence permit shall be granted.