--- title: "Greece Large-company director permit 2026: assets €4M+ needed" url: https://settleanywhere.com/countries/greece/company-executive-b3/ lang: en updated: 2026-10-12 --- Greece · Work # Greece Large-company director permit **Assets needed:** €4M+ ≈ $4.5M Residence permit for unpaid directors and legal representatives of larger Greek companies (type B.3) Checked against official sources on 12 Oct 2026 [Change log](https://settleanywhere.com/changes/) - **Assets needed:** €4M+ ≈ $4.5M (Assets of at least EUR 4,000,000 (≈ $4,470,000) · Minimum assets or turnover of the last closed financial period of the Greek company (or Greek branch of a foreign company) that lawfully carries on commercial activity in Greece; the applicant receives no pay for the post. Assets or turnover, either one. A fee of EUR 2,000 (≈ $2,230) · Residence permit fee (EUR 16 extra for the card).) - **First stay:** 5 yrs (Initial permit valid 5 years and renewable for equal periods while the post and company conditions continue.) - **Who can apply:** Most passports (Third-country nationals (citizens of non-EU states).) - **Spouse work:** Can work (Spouse or partner under a cohabitation pact, unmarried common children under 21, the investor's or spouse's custody children under 21, the spouses' direct ascendants and adult children without legal capacity who live with and are supported by the investor can obtain family permits that expire with the investor permit; children turning 21 get an independent 3-year permit. Your spouse or partner may work in Greece without a separate permit.) ## Key facts Large-company director permit is a work route for Greece. Applicants need assets of €4M+ ≈ $4.5M. You can stay 5 yrs, renewable. Checked 2026-10-12 against the official source. - **Money needed:** €4M+ ≈ $4.5M - **Government fees:** €2,000 ≈ $2,230 - **First stay:** 5 yrs ## Cost, time and long term To apply: government fee €2,000 ≈ $2,230; assets to show €4M+ ≈ $4.5M. No lawyer or agent fee is included. **Government fees: €2,000 ≈ $2,230** - EUR 2,000 (≈ $2,230) Residence permit fee (EUR 16 (≈ $18) extra for the card). **Shown, not spent: €4M+ ≈ $4.5M** - EUR 4,000,000 (≈ $4,470,000) Minimum assets or turnover of the last closed financial period of the Greek company (or Greek branch of a foreign company) that lawfully carries on commercial activity in Greece; the applicant receives no pay for the post. Assets or turnover, either one. **Renewal: Renewable** The first permit is valid 5 years and renews for equal periods while the investment continues; absences from Greece do not prevent renewal. [Taxheaven legal text repository](https://www.taxheaven.gr/law/5038/2023/arthro/95) [Ethniko Typografeio](https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2023/20230100081.pdf) **Permanent residence: After 5 years of residence** Long-term resident status needs 5 years of continuous legal residence and income at least the annual minimum wage (plus 10% for dependants); absences under 6 consecutive months and 10 months in total are allowed. [TaxHeaven](https://www.taxheaven.gr/law/5038/2023/arthro/144) **Citizenship: After 7 years of residence** Naturalisation needs 7 years of legal residence for holders of investor permits (a listed title), plus Greek language and history tests and proof of economic integration. [Ministry of Interior, National Registry of Administrative Public Services](https://mitos.gov.gr/index.php/%CE%94%CE%94:%CE%A0%CE%BF%CE%BB%CE%B9%CF%84%CE%BF%CE%B3%CF%81%CE%AC%CF%86%CE%B7%CF%83%CE%B7_%CE%91%CE%BB%CE%BB%CE%BF%CE%B3%CE%B5%CE%BD%CF%8E%CE%BD_%CE%91%CE%BB%CE%BB%CE%BF%CE%B4%CE%B1%CF%80%CF%8E%CE%BD) **Presence rules: Absence limits** Absences from Greece are not an obstacle to renewing an investor permit. [Taxheaven legal text repository](https://www.taxheaven.gr/law/5038/2023/arthro/95) ## Why this route may not fit Check this before you apply. - Needs a job offer from an employer in Greece - Not open to EU, EEA or Swiss passports ### What you'll need #### Who can apply - The applicant is a third-country national. - The applicant is an unpaid board member, legal representative or manager of a Greek company, or legal representative of a Greek branch of a foreign company. - The company lawfully carries on commercial activity in Greece and the applicant receives no pay for the post. #### What you must show - The company has assets or turnover of at least EUR 4,000,000 (≈ $4,470,000) in the last closed financial period; either one counts. - Residence permit fee: EUR 2,000, (≈ $2,230) plus EUR 16 (≈ $18) for the card. #### Documents - The corporate decision appointing the applicant. - The commercial registry (GEMI) entry. - The company's official financial statements. #### Steps 1. A decision of the Minister of Migration and Asylum, on a proposal of the Directorate of Direct Foreign Investments. ## What happens at day 183 How Greece decides tax residence and treats foreign-source income, from its tax records. - **Stay on this route:** **5 years at first, renewable** - **Tax residence:** - **More than 183 days in any 12-month period** Presence in Greece for more than 183 days in total makes a person tax resident from the first day of presence. - **Foreign-source income:** Greek tax residents are taxed on worldwide income, including foreign-source income, at progressive rates from 9% to 44% (scale applied from tax year 2026); residence follows the main home, habitual abode or centre of vital interests, or presence over 183 days. [All tax rules for Greece](https://settleanywhere.com/countries/greece/tax/) Tax records checked 12 Oct 2026 **Full official text** Unpaid board members, legal representatives and managers of Greek companies, and legal representatives of Greek branches of foreign companies, with assets or turnover of at least EUR 4,000,000 (≈ $4,470,000). (sources 1, 2, 3, 4, 5) #### What you must show and pay - Assets of at least EUR 4,000,000 (≈ $4,470,000) · Minimum assets or turnover of the last closed financial period of the Greek company (or Greek branch of a foreign company) that lawfully carries on commercial activity in Greece; the applicant receives no pay for the post. Assets or turnover, either one. (source 1) - A fee of EUR 2,000 (≈ $2,230) · Residence permit fee (EUR 16 (≈ $18) extra for the card). (sources 1, 2) #### Requirements - The applicant is a third-country national. (sources 1, 2) - The applicant is an unpaid board member, legal representative or manager of a Greek company, or legal representative of a Greek branch of a foreign company. (sources 1, 2) - The company lawfully carries on commercial activity in Greece and the applicant receives no pay for the post. (sources 1, 2) - The company has assets or turnover of at least EUR 4,000,000 (≈ $4,470,000) in the last closed financial period; either one counts. (sources 1, 2) - Residence permit fee: EUR 2,000, (≈ $2,230) plus EUR 16 (≈ $18) for the card. (sources 1, 2) - The corporate decision appointing the applicant. (source 1) - The commercial registry (GEMI) entry. (source 1) - The company's official financial statements. (source 1) - A decision of the Minister of Migration and Asylum, on a proposal of the Directorate of Direct Foreign Investments. (source 1) #### Stay - Initial permit valid 5 years and renewable for equal periods while the post and company conditions continue. - Initial permitted stay: 60 months. - Renewable, subject to the conditions in force at renewal. #### Nationality Third-country nationals (citizens of non-EU states). Not open to: Austria, Belgium, Bulgaria, Switzerland, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia. #### Work The permit states the holder's professional capacity; the post is unpaid. #### Family Spouse or partner under a cohabitation pact, unmarried common children under 21, the investor's or spouse's custody children under 21, the spouses' direct ascendants and adult children without legal capacity who live with and are supported by the investor can obtain family permits that expire with the investor permit; children turning 21 get an independent 3-year permit. Your spouse or partner may work in Greece without a separate permit. Checked 2026-10-12 ## Official sources 1. [Law 5038/2023, Migration Code (Government Gazette A 81/01.04.2023)](https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2023/20230100081.pdf) · Ethniko Typografeio (Government Gazette) · checked 2026-10-11 · published 2023-04-01 2. [Golden visa programme (investment in a listed real property)](https://en.mitos.gov.gr/index.php/%CE%94%CE%94:Golden_visa_programme_(investment_in_a_listed_real_property)_%E2%80%93_Initial_issuance) · National Registry of Administrative Public Services (mitos.gov.gr) · checked 2026-10-10 3. [Migration Code, art. 95 (duration of investor permits and family members), consolidated text](https://www.taxheaven.gr/law/5038/2023/arthro/95) · Taxheaven legal text repository (consolidated Migration Code, Law 5038/2023) · checked 2026-10-11 · published 2026-02-06 4. [Migration Code, art. 89 (rights and obligations of family members: access to dependent employment), consolidated text](https://www.taxheaven.gr/law/5038/2023/arthro/89) · Taxheaven (Law 5038/2023 consolidated text) · checked 2026-10-12 5. [Law 5275/2026, Government Gazette A 17 of 6 February 2026 (amendments to the Migration Code)](https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2026/20260100017.pdf) · National Printing House (Ethniko Typografeio) · checked 2026-10-12 6. [Migration Code, art. 144 (long-term resident status: conditions), consolidated text](https://www.taxheaven.gr/law/5038/2023/arthro/144) · TaxHeaven (consolidated Law 5038/2023) · checked 2026-10-11 7. [Migration Code, art. 143 (long-term resident status: scope), consolidated text](https://www.taxheaven.gr/law/5038/2023/arthro/143) · TaxHeaven (consolidated Law 5038/2023) · checked 2026-10-11 8. [Naturalisation of non-ethnic-Greek aliens (Politografisi Allogenon Allodapon)](https://mitos.gov.gr/index.php/%CE%94%CE%94:%CE%A0%CE%BF%CE%BB%CE%B9%CF%84%CE%BF%CE%B3%CF%81%CE%AC%CF%86%CE%B7%CF%83%CE%B7_%CE%91%CE%BB%CE%BB%CE%BF%CE%B3%CE%B5%CE%BD%CF%8E%CE%BD_%CE%91%CE%BB%CE%BB%CE%BF%CE%B4%CE%B1%CF%80%CF%8E%CE%BD) · Ministry of Interior, National Registry of Administrative Public Services (mitos.gov.gr) · checked 2026-10-11 ## Large-company director permit and its alternatives | Route | Money needed | Stay | Work | | --- | --- | --- | --- | | Large-company director permit | Needs assets of €4M+ ≈ $4.5M | 5 yr, renewable | – | | [Blue Card](https://settleanywhere.com/countries/greece/blue-card-e1/) | – | 3 yr, renewable | – | | [Intra-company transfer](https://settleanywhere.com/countries/greece/intra-company-transfer-e2/) | – | 1 yr, renewable | – | | [Researcher permit](https://settleanywhere.com/countries/greece/researcher-h3/) | – | – | – | | [Work permit](https://settleanywhere.com/countries/greece/employment-e4/) | – | 3 yr, renewable | – | ## Questions people ask ### How much money do I need for the Large-company director permit? Assets of at least EUR 4,000,000 (≈ $4,470,000). Minimum assets or turnover of the last closed financial period of the Greek company (or Greek branch of a foreign company) that lawfully carries on commercial activity in Greece; the applicant receives no pay for the post. A fee of EUR 2,000 (≈ $2,230). Residence permit fee (EUR 16 (≈ $18) extra for the card). ### How long can I stay on the Large-company director permit? Initial permit valid 5 years and renewable for equal periods while the post and company conditions continue. ### Can I work on the Large-company director permit? The permit states the holder's professional capacity; the post is unpaid. ### Can I bring my family on the Large-company director permit? Spouse or partner under a cohabitation pact, unmarried common children under 21, the investor's or spouse's custody children under 21, the spouses' direct ascendants and adult children without legal capacity who live with and are supported by the investor can obtain family permits that expire with the investor permit; children turning 21 get an independent 3-year permit. ### Who can apply for the Large-company director permit? Third-country nationals (citizens of non-EU states). Not open to: Austria, Belgium, Bulgaria, Switzerland, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia. ### Does the Large-company director permit lead to permanent residence in Greece? Time on the Large-company director permit counts toward permanent residence in Greece, which the rules allow after 5 years of residence. Time on the Large-company director permit counts toward citizenship, which the rules allow after 7 years of residence. ### How are Large-company director permit holders taxed in Greece? No special regime in our records is tied to the Large-company director permit. The standard rules apply: Greek tax residents are taxed on worldwide income, including foreign-source income, at progressive rates from 9% to 44% (scale applied from tax year 2026); residence follows the main home, habitual abode or centre of vital interests, or presence over 183 days. ## More in Greece [Working Holiday · Australia](https://settleanywhere.com/countries/greece/working-holiday-australia/) [Working Holiday · Canada](https://settleanywhere.com/countries/greece/working-holiday-canada/) [Digital nomad visa](https://settleanywhere.com/countries/greece/digital-nomad-visa-i8/) [Business investor permit](https://settleanywhere.com/countries/greece/business-investment-b2/) [Seasonal worker permit](https://settleanywhere.com/countries/greece/seasonal-worker-e5/) [Tech Visa](https://settleanywhere.com/countries/greece/tech-visa-z13a/) [Student permit](https://settleanywhere.com/countries/greece/study-h1/) [Greek citizenship by descent](https://settleanywhere.com/countries/greece/citizenship-by-descent/) ## Work visas elsewhere [🇵🇹 Blue Card](https://settleanywhere.com/countries/portugal/eu-blue-card/) [🇪🇸 EU Blue Card](https://settleanywhere.com/countries/spain/eu-blue-card/) [🇬🇪 IT sector permit](https://settleanywhere.com/countries/georgia/it-residence-permit/) [🇮🇹 Blue Card](https://settleanywhere.com/countries/italy/eu-blue-card/) [🇩🇪 Blue Card](https://settleanywhere.com/countries/germany/eu-blue-card/) [🇫🇷 Talent · Company officer](https://settleanywhere.com/countries/france/talent-corporate-officer/) ≈ USD figures are approximate: daily reference rates from ExchangeRate-API, dated 12 Oct 2026, refreshed when the site is updated. ## How this was checked **Checked on 2026-10-12 against 8 official sources.** Status: verified against the official sources. Every figure on this page comes from the official source it links to. The record was researched against these sources, then reviewed separately, with special attention to effective dates and amendments. Where a source does not state something, the page leaves it out. 1. [Law 5038/2023, Migration Code (Government Gazette A 81/01.04.2023)](https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2023/20230100081.pdf) · Ethniko Typografeio (Government Gazette) · checked 2026-10-11 2. [Golden visa programme (investment in a listed real property)](https://en.mitos.gov.gr/index.php/%CE%94%CE%94:Golden_visa_programme_(investment_in_a_listed_real_property)_%E2%80%93_Initial_issuance) · National Registry of Administrative Public Services (mitos.gov.gr) · checked 2026-10-10 3. [Migration Code, art. 95 (duration of investor permits and family members), consolidated text](https://www.taxheaven.gr/law/5038/2023/arthro/95) · Taxheaven legal text repository (consolidated Migration Code, Law 5038/2023) · checked 2026-10-11 4. [Migration Code, art. 89 (rights and obligations of family members: access to dependent employment), consolidated text](https://www.taxheaven.gr/law/5038/2023/arthro/89) · Taxheaven (Law 5038/2023 consolidated text) · checked 2026-10-12 5. [Law 5275/2026, Government Gazette A 17 of 6 February 2026 (amendments to the Migration Code)](https://ia37rg02wpsa01.blob.core.windows.net/fek/01/2026/20260100017.pdf) · National Printing House (Ethniko Typografeio) · checked 2026-10-12 6. [Migration Code, art. 144 (long-term resident status: conditions), consolidated text](https://www.taxheaven.gr/law/5038/2023/arthro/144) · TaxHeaven (consolidated Law 5038/2023) · checked 2026-10-11 7. [Migration Code, art. 143 (long-term resident status: scope), consolidated text](https://www.taxheaven.gr/law/5038/2023/arthro/143) · TaxHeaven (consolidated Law 5038/2023) · checked 2026-10-11 8. [Naturalisation of non-ethnic-Greek aliens (Politografisi Allogenon Allodapon)](https://mitos.gov.gr/index.php/%CE%94%CE%94:%CE%A0%CE%BF%CE%BB%CE%B9%CF%84%CE%BF%CE%B3%CF%81%CE%AC%CF%86%CE%B7%CF%83%CE%B7_%CE%91%CE%BB%CE%BB%CE%BF%CE%B3%CE%B5%CE%BD%CF%8E%CE%BD_%CE%91%CE%BB%CE%BB%CE%BF%CE%B4%CE%B1%CF%80%CF%8E%CE%BD) · Ministry of Interior, National Registry of Administrative Public Services (mitos.gov.gr) · checked 2026-10-11 Tracked since 2026-10-10. Rule changes and corrections are listed on the [changes page](https://settleanywhere.com/changes/), and the [methodology page](https://settleanywhere.com/methodology/) explains how facts are checked. Found something out of date? Email [contact@stayglobe.app](mailto:contact@stayglobe.app?subject=Correction) with a link to the official source.