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RESIDENCE PERMIT IN GREECE FOR FINANCIALLY INDEPENDENT INDIVIDUALS

According to current Greek legislation, third-country nationals who prove that they have sufficient funds can obtain a residence permit in Greece as "financially independent individuals." This category of residence permit allows foreign nationals to reside in Greece without the need for substantial investments. The initial permit is issued for a period of 2 years and can be renewed thereafter for 3 years.


Advantages of the residence permit for financially independent individuals:


  • It grants the holder the right to reside in Greece and to enter and exit the country without restrictions. Unlike other types of residence permits, extended absences from Greece do not invalidate the right to renew it.

  • It allows entry without an entry visa to all countries in the Schengen Zone.

  • It permits the issuance of residence permits for the family members of the applicant (spouse, dependent children).

RESIDENCE PERMIT  IN GREECE FOR FINANCIALLY INDEPENDENT PERSONS

Criteria for obtaining a residence permit for financially independent individuals:


  • Possession of a special entry visa type D. The complete set of documents required for obtaining this visa must be submitted to the Greek consulate in the foreigner's country of residence who will apply for this category of residence permit.

  • Valid passport.

  • Health insurance covering potential medical care for a period of one year.

  • Clean criminal record.

  • Adequate financial resources to cover the cost of living in Greece and support dependent family members. The amount and form of proof of sufficient financial resources are determined by the Ministry of Interior and the Ministry of Economy.


The existence of sufficient financial resources can be proven in the following ways:

a) Stable monthly income from official sources (pension, salary, rent, etc.). The minimum amount of sufficient resources is set at 2,000 euros per month (+15% for the spouse and 10% for each dependent child up to 18 years old).

b) Bank account. In this case, the amount of capital in the bank account should cover the amount required for the 2-year stay in Greece, which is at least 48,000 euros (+20% for the spouse and 15% for each child under 18 years old).


The residence permit for financially independent individuals does not entitle the holders to:

  • work in Greece,

  • engage in business activities in Greece,

  • change the category of the residence permit.


Our Law Firm provides the following services:

  • Legal advice regarding the preparation of documents for obtaining a type D entry visa,

  • Preparation of all necessary documents for the submission of the residence permit application for financially independent individuals, as well as the submission of the application to the competent authorities,

  • Assistance during the issuance of a tax registration number (AFM) in Greece,

  • Assistance in opening a bank account in Greece,

  • Submission of various documents to all competent Greek authorities (with power of attorney),

  • Collection of the residence permit.


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