Residency in Greece for Financially Indepedent People(FIP)

Residency in Greece can be acquired in a number of ways. In addition to the Golden Visa policy, Greece has introduced a renewable residency permit for financially independent third-country non E.U nationals , according to article 20 of Greek Law No. 4251/2014.



Who can apply?

Non-E.U financially independent persons who can demonstrate sufficient funds corresponding to a stable annual income to cover living expenses in Greece. Currently this amount is set at a minimum of €2000.00 euros per month (i.e. twenty four thousand euros per year) for the main applicant. This amount is increased by 20% if the applicant is accompanied by a spouse and an additional 15% for each child.

How is the income proved?

  • Evidence of sufficient bank account deposits, or
  • Evidence of sufficient employment income from sources derived outside Greece, or
  • Annual pension, or
  • Other sources of income ( rental income, dividends, share or asset sales from business holdings) or
  • Any combination of the above.

The benefits of the FIP residency permit

  • This residency permit allows the applicant, and family members who fulfill the criteria to live in Greece for an unlimited amount of time.
  • There is currently no requirement to purchase real estate under this plan.
  • The residency is not revoked if the applicant remains outside Greece for any period of time provided that the renewal process is not obstructed.
  • The family of the applicant can also benefit. The term ‘Family’ means, spouse and unmarried children under the age of 18 and are regarded as dependents of the applicant.
  • The FIP permit allows the applicant and family to travel and remain within Schengen area countries for periods not exceeding 3 months per 6 month periods.
FIP Procedure

FIP Procedure

By decision of the General Secretary of the Region, a two-year residence permit is granted to a third-country national provided that the third-country national has a special visa and is in possession of sufficient resources corresponding to a stable annual income to cover the living expenses, which may be renewed every three years subject to the fulfillment of the other requirements provided for in the applicable law.

Empty passport before the wedding

POLPAPLAW Services for FIP

POLPAPLAW Services and Consultant for the Applicants of Residency Permit in Greece specifically as Financially independent person ( FIP ) are as following: For the Head of household (Main Person) Including:

1) Legal and Expertise Affairs

2) Special Services and VIP