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🏆Golden Visa for Startups Requirements
Greek Grandma outsmarts scammers and gets them arrested đźš”
đź‘‹ Hey there expats,
In this week’s newsletter, we’re sharing with you top news headlines of this week, what’s new on the blog and requirements to qualify for the new Golden Visa for Startups program.
In the headlines
A Greek, elderly woman in Crete outsmarted the telephone scammers who tried to steal thousands of euros from her and led police to their arrest.
According to the police statement, unknown scammers called the 86-year-old woman and asked to give €10,000 in order to settle legal disputes and cover hospitalization fees for her brother who, the scammers told her, supposedly had an accident.
The elderly woman immediately called the police. In coordination with authorities, she duped the scammers by leaving a bag with money outside her house in the Chania. The police, who were standing nearby, immediately arrested a 77-year-old woman from Bulgaria when she tried to pick up the bag.
In the news
🔌 Tenants also eligible for energy-saving subsidy — Read here.
📱Age limits in Greece imposed to curb social media addiction – Read here.
On the blog
🏡 Pitfalls of Buying Property in Greece: Purchasing property in Greece is a dream for many expats. But without the right preparation, buying property here can lead to costly mistakes. Whether you're interested in the Greece residency by investment route, exploring houses in Greece, or looking to settle down, here’s what you need to know. Read here.
Important Annoucement about the Golden Visa
Last month, Greece's prime minister introduced a new bill for the Greek Golden Visa program with a startup option. 🏦✨
Instead of investing in real estate, foreign investors can now gain residency by investing €250,000 in startups registered in the National Register of Startups (Elevate Greece).
Requirements of the GV for Startups Program
According to the bill, foreign investors must meet three key requirements:
✨Limit their equity participation to no more than 33% of the enterprise's capital or voting rights.
✨Create at least two new jobs within the first year following the investment.
✨Maintain the increased workforce for at least 5 years after the investment.
That's it for this week's newsletter! As always, feel free to reach out with any questions, suggestions, or if you'd like to be featured.
Wishing you a fantastic week ahead filled with Greek adventures and memorable experiences.
Yassas!
The “My Greek Expat Journey” Team
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