Residence Permit in Greece for financially independent foreigners for 2 years

No time to read

Greece is renowned not only as a tourist destination but also as one of the most popular countries for relocation and immigration.

The main reasons for its popularity include a comfortable lifestyle, a high quality of life by international standards, and favorable conditions for obtaining legal status in the EU.

Greek immigration legislation provides several grounds for obtaining a residence permit for foreigners.

In this article, we will describe one of the ways to obtain a residence permit in Greece in 2023 for the entire family, valid for 2 years.

Greece has a program for citizens of non-EU countries who have sufficient resources in the form of a stable annual income to cover their living expenses in Greece.

Applicants must demonstrate that they can support themselves and their family without the need to work in Greece. However, remote work for a foreign employer is permitted!

There are two ways to obtain a residency visa — Financially Independent Person (FIP) Visa:

➡️ Applying based on stable and regular passive income

The required minimum income should be at least 2000 euros per month, and this amount increases by 20% for the second spouse and +15% for each child.

➡️ Applying based on savings

Considering that the visa will be issued for a period of 2 years, you will need to prove that you have sufficient savings to live and support yourself along with your family in Greece during this time.

Therefore, if you are applying as a single applicant, you need to have available savings of at least 48,000 euros.

If you are applying as a couple, this amount increases to 57,600 euros. For a family of four (spouses with two minors), you need to have savings of at least 86,400 euros.

Advantages of Residency for Financially Independent Individuals in Greece

✔ The program doesn’t require investments or property purchases in Greece.

✔ Residency granted immediately for 2 years with the option for renewal.

✔ This residency leads to Greek citizenship after 7 years.

✔ Besides the main applicant, residency status can be obtained for family members.

✔ Holders of the Greek resident card enjoy equal access to educational institutions in the country as Greek citizens.

Other Options for Obtaining Residency in Greece in 2023

 Let’s also briefly explore other ways to obtain residency in Greece in 2023.

⇒ Digital Nomads in Greece

You can apply for the Digital Nomad Visa in Greece if you are self-employed or an employee of a foreign company based outside Greece.

To meet the requirements of the Greek Digital Nomad Visa, you must work remotely for a company or clients located outside Greece.

The Digital Nomad Visa is initially valid for one year with the option of renewal.

Applicants need to demonstrate sufficient income to support themselves and their family in Greece, amounting to at least 3,500 euros per month + 20% for a spouse + 15% for each child.

More details: Digital Nomads in Greece

⇒ Residency in Greece through Real Estate Investment

Property cost starting from 250,000 euros*

You will be granted residency, which will need to be renewed every 5 years, and you can maintain it as long as you continue to own the property.

Your family members will also obtain residency in Greece.

There are no requirements for the investor to permanently reside in Greece to maintain and extend the status.

Greek authorities plan to increase the property value required for residency to 500,000 euros. The changes are expected to take effect in 2023.

More information about the program

Get a consultation from the experts at Feod Group! We will assist you in opening a bank account in Greece, obtaining residency in Greece for your family, arranging medical insurance, and much more.

 

OBTAIN PROFESSIONAL IMIGRATION ADVICE

If you have any questions in any of the directions, please contact us.

 

In which EU countries are there residency programs for financially independent foreigners?

Residency programs without investments are available in the following EU countries: Austria, Portugal, Spain, Italy, Cyprus, and France. More details: Immigration to Europe. Programs for obtaining a residence permit in the EU 2024

 

Article author

Anastasia Taran Head of Corporate Services
Ukraine
In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes i...
In 2013, she graduated in law from the National University «Odessa Law Academy» with honors and received a Master of Law degree. Anastasia Taran has experience in international and contract law, as well as corporate and tax law in Europe. Within the framework of Feod Group, she specializes in immigration and corporate law of European countries, particularly:
  • family and corporate immigration solutions.
  • establishing a business in Europe.
  • personal and corporate taxation in Europe.
  • opening accounts in European banks.
  • obtaining a tax resident status.
read more
mail

How useful was this post?

Click on a star to rate it!

Average rating 5 / 5. Vote count: 1

No votes so far! Be the first to rate this post.

Our News
Investing in a Construction Project in Cyprus: Expert Recommendations for Foreign Investors

Construction in Cyprus has become one of the top investment strategies in recent years, attracting […]

Top 5 Reasons Why Larnaca is the Best Place for Investment in Cyprus in 2024

If you are considering Cyprus for investment, pay special attention to the city of Larnaca. […]

Elena Georgiou – Speaker at the Best Investment Congress 2024: Presentation of the New Aurora Hills Residences Project

Elena Georgiou, Founder and Managing Director of Feod Group, proudly participated in the prestigious BEST […]

New Query





    Ask a Question

    Укажите, пожалуйста, Ваши контактные данные и наши специалисты свяжутся с Вами в ближайшее время.





      Ваши данные под 100% защитой!

      Указывая свои контактные данные, вы даете согласие на обработку, хранение и использование своих персональных данных исключительно с целью надлежащего предоставления вам услуг компании.

      ×

      Please indicate your contact details and our specialists will contact you as soon as possible.





        Your data is under 100% protection!

        By providing your contact information, you give consent to the processing,
        storage and use of your personal data solely for the purpose of properly
        providing you with the services of the company.

        ×

        Отправить на email



          ×

          Send to email



            ×

            Укажите, пожалуйста, Ваши контактные данные и дату семинара, которая Вам удобна.




               

               

              ×

              Вкажіть, будь ласка, Ваші контактні дані та наші фахівці зв’яжуться з Вами найближчим часом.




                Ваші дані під 100% захистом!

                Вказуючи свої контактні дані, ви даєте згоду на обробку, зберігання і
                використання своїх персональних даних виключно з метою належного надання вам послуг компанії.

                ×