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On 5 December 2024, Greece published a law that introduces a new residence route for third-country nationals who make qualifying investments in Greek startups. The government is expected to begin accepting applications in the upcoming weeks. Law 5162/2024 introduced the B.6 Residence Permit, which will be issued with an initial validity of up to one year and can be renewed for up to two years each time. The new immigration route is expected to stimulate the Greek economy by further attracting foreign investors.
A Tax Alert prepared by EY's People Advisory Services, and attached below, provides additional details.