Yes β Greece offers several business and entrepreneur residency options for non-EU citizens who want to live in Greece while managing their company.
Whether you’re launching a startup, investing in an SME, or relocating your business, there are legal residency pathways available.
π Who Needs a Visa?
| Nationality | Visa Required to Start Business? |
|---|---|
| EU/EEA citizens | β No |
| Non-EU citizens (e.g. US, Canada, UK) | β Yes β visa + residence permit |
π§³ Option 1: Greek National Visa (Type D) β Business Purposes
This long-stay visa allows you to:
β
Enter Greece to start a business
β
Register a company (IKE, AE, etc.)
β
Open bank accounts and apply for AFM
β
Apply for a residence permit upon arrival
Key requirements:
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Solid business plan
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Proof of company formation or intent
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Financial means to support yourself
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Accommodation in Greece
π You apply through your local Greek consulate, then apply for residency inside Greece.
πΌ Option 2: Greek Residence Permit for Financially Independent Entrepreneurs
Once in Greece, you can apply for a 2-year renewable permit based on:
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Proof of company registration
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Active economic activity in Greece
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Business address & Greek tax number (AFM)
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Private or public health insurance
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Income of at least β¬2,000/month (can vary by family size)
β This is the most common pathway for business founders and digital entrepreneurs.
π‘ Option 3: Greek Startup Visa (Innovative Entrepreneurs)
Greece offers a Startup Visa Program under the Elevate Greece platform, ideal for:
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Tech startups
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Innovative solutions with international scale
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Teams or solo founders
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EU and non-EU citizens
Eligibility:
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Approval by the Ministry of Development
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Innovation-oriented business model
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Registered Greek company (IKE or AE)
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Funding or accelerator participation (optional)
β οΈ This route is selective and involves an application review panel.
π Option 4: Company Owner as Director or Employee
You may also obtain residency by:
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Appointing yourself as Director or Manager of your Greek company
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Signing a local employment contract
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Paying into EFKA (Greek social security)
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Drawing a legal salary from the company
This can serve as the basis for a residence and work permit.
π§Ύ Must show minimum income, active company, and real economic presence.
π‘ Residency via the Greek Digital Nomad Visa
If you run your company remotely and donβt serve Greek clients, consider the Digital Nomad Visa.
Key requirements:
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Work remotely for a non-Greek company (or your own)
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Minimum monthly income: β¬3,500 (solo)
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Valid health insurance
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Clean criminal record
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Commitment not to work for Greek clients
β This is a fast-track permit β valid for 1 year (renewable if you stay tax compliant).
π Key Documents for Business Visa or Residency
| Document | Required? |
|---|---|
| Passport | β |
| Business plan | β |
| Company formation certificate (GEMI) | β |
| Greek tax number (AFM) | β |
| Proof of funds (bank statements, salary) | β |
| Health insurance | β |
| Lease or property ownership in Greece | β |
| POA (if remote setup) | Optional |
| CV, diplomas | Sometimes required |
π Renewal & Duration
| Visa Type | Initial Duration | Renewable? |
|---|---|---|
| Business D-Visa | 90β365 days | No (converted to permit) |
| Financially Independent Entrepreneur | 2 years | β Every 2 years |
| Startup Visa | 2 years | β |
| Director/Employee Permit | 1β2 years | β |
| Digital Nomad Visa | 1 year | β (1 renewal max) |
π Most permits require you to reside in Greece for at least 183 days/year.
π§βπΌ Example: South African Founder Moves to Crete
Nadia, a South African national, launched a travel tech startup in Chania.
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Formed an IKE via POA
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Applied for a Business D-Visa at the consulate in Cape Town
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Entered Greece and secured a 2-year entrepreneur residence permit
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Now employs 3 local staff and sponsors her own renewal
All done with support from Borderless Lawyers, fully compliant and remote.
β Common Mistakes (and How to Avoid Them)
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β Applying for a tourist visa instead of business visa
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β No business plan or income proof
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β Forming company after arriving β delays residence
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β Using the wrong legal structure
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β Failing to register AFM, EIN, or insurance
β We guide you through every step β from visa to tax filings.
π§ββοΈ How Borderless Lawyers Helps
We offer full visa and relocation services for founders:
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Business plan preparation
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POA-based company formation
β
Greek AFM, EIN, VAT setup
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Visa application support at consulate
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Health insurance & lease assistance
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Residency permit filing in Greece
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Ongoing tax, legal, and immigration support
πΌ One legal partner β from idea to residency.
β FAQ β Business Residency in Greece
Q: Can I get residency just by owning a company?
A: Not automatically β you must show activity, income, and comply with legal requirements.
Q: How long does the visa + residency process take?
A: 4β8 weeks with full documentation. We speed things up with POA and early AFM/VAT filing.
Q: Can I bring my spouse and children?
A: Yes β most business permits allow family reunification.
ποΈ Ready to Build Your Business β and Life β in Greece?
Borderless Lawyers helps entrepreneurs relocate legally, grow their company, and obtain Greek residency β all with no stress.
π Contact us today to launch your Greek company and apply for the right visa β all done remotely.