PolpapLaw

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.

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GENERAL INFORMATION

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.

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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