Resident status with freedom to travel across the Schengen Area and a pathway to permanent residency
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The Greek residence permit for Financially Independent Persons (FIP) is a residency program that allows non-EU citizens to live in Greece based on passive income. Under Law 5038/2023, the program is open to individuals with sufficient financial means to cover living expenses without the need to work or run a business in the country.
The applicant must demonstrate a stable monthly income of EUR 3,500 (increased by 20% for a spouse and by 15% for each child) derived from sources outside Greece. The residence permit is issued for 3 years and can be renewed. The FIP visa also allows free travel within the Schengen Area and the possibility to obtain residence permits for family members.
A Greek residence permit grants the right to visa-free travel to 29 Schengen Area countries for up to 90 days within any 180-day period.
The main applicant may include a spouse and children up to the age of 21 in the application, with each receiving an individual residence permit.
Unlike the Golden Visa program, the Financially Independent Persons residence permit does not require purchasing property or making other investments.
Residents gain access to Greece’s high-quality healthcare and education systems, including opportunities for children to study in European schools and universities.
After 5 years of holding the residence permit, applicants may apply for long-term resident status in Greece.
Greece offers attractive tax conditions for pensioners (7% rate) and individuals with passive income, including a fixed preferential regime.
A Greek residence permit grants visa-free travel to all Schengen Area countries, including France, Germany, Italy, Spain, Portugal, Austria, the Netherlands, Belgium, and Switzerland. Residents may stay in any of these countries for up to 90 days within a 180-day period for tourism, business meetings, medical treatment, or cultural events.
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iWorld lawyers conduct a detailed analysis of your situation, check compliance with program requirements, and develop an individual strategy for obtaining a residence permit in Greece for financially independent individuals. The company's specialists help determine the optimal sources of income verification and plan the entire process.
iWorld specialists provide full support in preparing your application: translation and apostille of documents, medical insurance, confirmation of financial solvency. An iWorld lawyer will make an appointment for you at the Greek consulate and prepare you for the interview. The visa processing time is 2–4 weeks.
iWorld helps you find suitable housing to rent or buy in Greece, arranges for you to obtain a Greek tax number (AFM) and open an account at a local bank. These steps are critical for a successful residence permit application.
Upon arrival in Greece, iWorld's lawyers will accompany you when submitting documents to the Ministry of Migration, help you go through the biometric data submission procedure, and obtain a temporary certificate (blue certificate). The plastic residence permit card is issued within 2–4 months.
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Learn moreThe minimum is EUR 3,500 per month for the main applicant, which equals EUR 42,000 annually. If a spouse is included, the amount increases by 20% (additional EUR 700 per month), and for each child by 15% (additional EUR 525 per month). Income can come from a pension, bank deposits, investment returns, or other passive sources.
No. Holders of this type of residence permit are not allowed to work as employees or engage in commercial activity in Greece. It is intended solely for individuals with sufficient means to live without employment.
A spouse and children up to 18 years old (in some cases up to 21) can obtain residency at the same time as the main applicant. Each family member is issued an individual permit valid for the same period as the main applicant’s residence permit.
The permit is issued for 3 years and can be renewed for the same period. Renewal applications must be submitted no later than 2 months before the permit expires.
The initial application is submitted through the online platform applications.migration.gov.gr. However, personal presence is required to complete the process, including fingerprinting and collection of biometric data at the Greek migration service.
Yes. To renew the residence permit, you must spend at least 183 days per year (6 months) in Greece. This is a mandatory condition for maintaining status and eligibility for renewal.
Yes. You must have private health insurance that covers medical treatment costs in Greece. The policy must be valid for the entire stay and meet the required coverage standards.
The government fee is EUR 1,000 plus EUR 16 for the issuance of the electronic residence permit card. Pensioners benefit from a reduced rate of EUR 150. The cost of legal assistance is EUR 6,000.
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