Financially Independent Persons Visa in Greece
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26 Apr 2024
Service Details
Financially Independent Persons Visa
This service is available across Greece
Who Is This Service For?
Financially independent persons - meaning those who have sufficient income or savings without having to work - may make a successful visa application in Greece and represents a unique opportunity for individuals seeking residency without the requirement of employment or business operation within the country.
- Individuals with a stable and sufficient annual income to cover their living expenses in Greece without needing employment.
- Those interested in enjoying the benefits of residency in a EU country, with favourable climate conditions, high safety levels, and access to the Schengen Area.
Residence permits are issued to Non-EU nationals who have sufficient resources in terms of stable annual income to meet their subsistence needs.
Prerequisites
- Currently, by way of joint ministerial decision the Greece retirement visa income requirement - deemed to be sufficient for the purposes of this type of residence permit - is €2000 per month for the main applicant.
- In the event of his/her spouse joining the application, this amount is increased by 20% i.e. to €2400 per month.
- These permits shall have a duration of two years and may be renewed for three years.
- Please note, these residence permits shall not grant access to the labour market.
- Applications may be accompanied by their family members to whom an individual residence permit shall be issued following a successful application, which shall expire together with the residence permit of the sponsor.
- The requirement of sufficient resources for subsistence shall be met either by each member of the family or for all family members as a whole. In the event that the applicant is entitled to a pension from the Greek social security fund, there is no income requirement for renewal of this residence permit.
Process: Our Approach
- Document Collection: Gather necessary documents including tax returns, proof of income, and proof of funds.
- Category D Visa Application: Submit an application along with the required documents to the Greek consulate in your current country of residence.
- Acquire a Tax Identification Number in Greece (ΑΦΜ): Essential for financial transactions and applications within the country.
- Open a Bank Account in Greece: Transfer the necessary funds to this account as part of the application process.
- Residence Permit Application: Submit the application along with all required documents to the Migration Department in Greece, including a personal presence for fingerprinting.
Benefits - Why Choose Our Service
- No Visa Requirement for Schengen Area: Freely travel within the Schengen countries.
- Family Members Included: Possibility to obtain residence permits for family members.
- Path to Citizenship: After seven years of legal residence, eligible to apply for Greek citizenship.
Key Features of this Service
- Flexibility in Tax Residency: Choose whether to become a tax resident of Greece, a right not an obligation.
- Possibility of Citizenship: Eligibility for citizenship after seven years, provided you live in Greece for more than 183 days each year for 7 years.
- Comprehensive Support: Guidance through the initial stages of document collection and application submission, with emphasis on consulting legal expertise to navigate the latest legal requirements and avoid misunderstandings.
Free Support Services Included
When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:
- Verification of the regulatory status of your professional.
- Fees as recommended by the Local Professional Body
- Fees specified in advance and legally guaranteed.
- Service levels agreed in advance and guaranteed.
- All professionals must hold professional indemnity insurance.
- Professionals' proficiency in English monitored.
- Continuous quality controls and reviews.
Why choose Advocate Abroad?
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