The Greek government has introduced a new residency pathway for foreign investors, including Algerian citizens. As of 2025, Algerians can apply for a Golden Visa by investing a minimum of €250,000 in a local start-up that meets specific criteria set by Greek legislation. This program differs from the traditional real estate investment scheme, focusing on funding innovative businesses.
To qualify for the Golden Visa, the investment must be made in a start-up registered with the Elevate Greece national registry or in certain companies emerging from university research. The investment can be made through capital participation or subscription to company-issued bonds. However, investors are limited to holding no more than 33% of the company's capital or voting rights. This condition excludes investments in ordinary companies that do not meet the program's eligibility criteria.
In addition to the financial investment, the start-up must create and maintain at least two full-time jobs for five years. The investor must also retain their participation in the company and fulfill all commitments related to the operation. Failure to meet these obligations may result in the revocation of their right to residency. This approach links residency to a direct contribution to the Greek economy, particularly in the development of young businesses and job creation.
Algerian citizens, like other non-EU nationals, can apply for this visa if they meet the financial and administrative conditions. The visa can also cover the investor's spouse, children under 21, and parents of both spouses. One of the advantages of this program is that there is no minimum physical presence requirement in Greece to maintain the permit, provided the investment is maintained and program obligations are respected.
The Golden Visa allows for travel within the Schengen Area for up to 90 days in any 180-day period. However, it does not automatically grant the right to work or settle in another European country. This program offers Algerian investors a new opportunity to obtain residency in Greece while contributing to the country's economic growth.
The Greek government's decision to introduce this program is part of a broader effort to attract foreign investment and stimulate economic growth. By investing in local start-ups, Algerian citizens can not only obtain residency but also contribute to the development of Greece's entrepreneurial ecosystem. This program is expected to benefit both Algerian investors and the Greek economy.
Abdelaziz Merzouk, an independent journalist specializing in travel, tourism, and economic news in Algeria, notes that this program provides Algerian investors with a new opportunity to explore. With his expertise in the tourism sector, Merzouk provides valuable insights into the implications of this program for Algerian citizens and the Greek economy.
Key points
- Algerian citizens can apply for a Greek Golden Visa with a minimum €250,000 investment in a local start-up.
- The investment must create and maintain at least two full-time jobs for five years.
- The Golden Visa allows for travel within the Schengen Area for up to 90 days in any 180-day period.
