Amendments to the Residence Permit Application Procedure for the facilitation of foreign investors

According to Law No 4674/2020 which was published in No 256 Government Gazette on 23rd December 2020, third country nationals and their family members who wish to apply for an invenstors’ residence permit (Golden Visa) can do so before entering Greece by signing a Power of Attorney at the Greek Consulate.

It should be noted that applicants are no longer required to submit a medical insurance certificate at the time of the application and will be able still receive a Proof of Submission Document. However, they still need to submit said insurance certificate within 12 months after the application and come to Greece to provide biometric information.

Moreover, the aforementioned law also states that:

  • Residence permits that have expired from 1st January 2020 to 31st July 2020 shall remain valid until 31st March 2021.
  • Residence permits that have expired from 1st August 2020 to 31st March 2020 shall remain valid for a time period of eight months after their respective date of expiry.

For more information regarding the new legislation, please contact us.

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