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Residence Permit in Greece for financially independent foreigners for 2 years
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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:
Apply based on a passive source of income (i.e., not salary-based).
Apply based on personal savings.
➡️ 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.
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?
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:
