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Updated on July 16, 2026
Greece Residence
Relocate to Greece without investment by proving financial independence through passive income or savings
€3,500+
Monthly passive income
4+ months
Obtaining period
3 years
RP validity
Greece residence for financially independent persons allows non-EU nationals to relocate to Greece without making an investment.
Applicants must prove sufficient financial resources from abroad, with a minimum passive income of €3,500 per month or savings of €126,000 covering 3 years of earnings. Residents cannot work or run a business in Greece.
The spouse and dependent children can also get residence permits. The required income or savings increase depending on the family composition.
Financially independent persons get Greece residence permits for 3 years, subject to renewal. Residence permit holders must live in Greece for at least 183 days per year to maintain their status.
5 benefits you can secure with Greece residence
1
Fast relocation to Greece without investment
Financially independent persons are offered a simple 4-month route to Greek residence. Applicants only need to prove sufficient income or savings — no property purchase or investment is required.
Financially independent persons are offered a simple 4-month route to Greek residence. Applicants only need to prove sufficient income or savings — no property purchase or investment is required.
2
Visa-free travel within the Schengen Area
Greek residents travel throughout the Schengen Area without obtaining additional visas. They may spend up to 90 days within any 180-day period in other Schengen countries while residing in Greece.
Greek residents travel throughout the Schengen Area without obtaining additional visas. They may spend up to 90 days within any 180-day period in other Schengen countries while residing in Greece.
3
Potential tax optimisation
Since financially independent persons are required to spend more than 183 days per year in Greece, they become Greek tax residents.
New Greek tax residents may qualify for a preferential tax regime. For example, eligible retirees can reduce the tax rate on foreign-source income to 7%.
Since financially independent persons are required to spend more than 183 days per year in Greece, they become Greek tax residents.
New Greek tax residents may qualify for a preferential tax regime. For example, eligible retirees can reduce the tax rate on foreign-source income to 7%.
4
Access to European healthcare and education
Residents of Greece benefit from access to public healthcare services, private clinics and specialised medical facilities. Families can choose between state and private schools, while Greek universities offer internationally recognised degrees.
Residents of Greece benefit from access to public healthcare services, private clinics and specialised medical facilities. Families can choose between state and private schools, while Greek universities offer internationally recognised degrees.
5
High quality of life
Greece combines a Mediterranean climate, relatively affordable living costs, excellent cuisine and a rich cultural heritage. Residents enjoy over 250 sunny days per year and access to thousands of islands and beaches.
Greece combines a Mediterranean climate, relatively affordable living costs, excellent cuisine and a rich cultural heritage. Residents enjoy over 250 sunny days per year and access to thousands of islands and beaches.
Your complete guide to Greece residence for FIPs
- Step-by-step procedure
- Requirements for applicants
- Required documents
- Answers to frequently asked questions
Trusted by 10,000+ investorsResidence for the whole family
The spouse and children can get the Greek residence with the main applicant
Financial requirements and applicant’s expenses
To qualify for Greece residence as a financially independent person, non-EU nationals must demonstrate sufficient funds from outside Greece to support themselves and their family. Financial eligibility can be confirmed either through stable passive income or savings.
Passive income — €3,500+
Applicants must demonstrate stable passive income from foreign sources, for example, pensions, dividends, rental yields, investment returns. The required amount increases with family composition.
Besides, the applicant rents or purchases residential property in Greece and pays the associated fees.
Savings — €126,000+
Applicants may use savings instead of passive income. The amount corresponds to 3 years of the minimum income requirement and increases with each additional family member.
Besides meeting the savings requirement, applicants also cover standard relocation and application-related expenses.
Find out what Greece residence will cost you
Get an individual calculation for your family with all associated costs and government fees
Trusted by 10,000+ investorsCould Greece residence help you reach your goals?
Compare the key terms and benefits of Greece residence for FIPs with other similar EU options in Portugal and Spain.
Comparison of EU residence for financially independent persons
Terms and features
Annual income
Greece
€42,000+
Portugal
€11,040+
Spain
€28,800+
Terms and features
Savings instead of income
Greece
Yes
Portugal
No
Spain
No
Terms and features
Residence permit validity
Greece
3 years, renewable
Portugal
2 years, renewable
Spain
1 year, renewable
Terms and features
Obtaining period
Greece
4+ months
Portugal
6+ months
Spain
4+ months
Terms and features
Minimum stay requirement
Greece
183+ days a year
Portugal
8+ months a year
Spain
183+ days a year
Terms and features
Right to work
Greece
No
Portugal
Yes
Spain
No
Terms and features
Family eligibility
Greece
Spouse and children under 18
Portugal
Spouse or partner, children under 21, parents
Spain
Spouse or partner, children, parents
Terms and features |
|
|
|
|---|---|---|---|
Annual income | €42,000+ | €11,040+ | €28,800+ |
Savings instead of income | Yes | No | No |
Residence permit validity | 3 years, renewable | 2 years, renewable | 1 year, renewable |
Obtaining period | 4+ months | 6+ months | 4+ months |
Minimum stay requirement | 183+ days a year | 8+ months a year | 183+ days a year |
Right to work | No | Yes | No |
Family eligibility | Spouse and children under 18 | Spouse or partner, children under 21, parents | Spouse or partner, children, parents |
P4M
Step-by-step procedure for obtaining Greece residence
The process of obtaining Greece residence for financially independent persons typically takes 4+ months, based on Immigrant Invest’s legal practice. Below is a step-by-step guide to how the process usually unfolds.
1
1 day
Preliminary Due Diligence
Before signing the service agreement, Immigrant Invest conducts a confidential Preliminary Due Diligence.
Our compliance team checks the applicant against international legal and business databases to identify potential risks before the application begins. This allows lawyers to resolve possible issues in advance and reduces the risk of refusal.
Pass a quick test and learn the nuances that can prevent you from obtaining residence.
2
2+ weeks
Preparation of documents and obtaining a Greek tax number
Immigrant Invest lawyers prepare the government application forms and provide a personalised list of supporting documents based on the applicant's circumstances.
During this stage, the legal team also assists with obtaining a Greek Tax Identification Number, which is required to rent or purchase residential property and complete the residence permit procedure.
3
1.5 weeks
Applying for a national D Visa
The applicant submits the completed document package to the Greek consulate in their country of citizenship or lawful residence.
The application typically includes:
- proof of passive income or sufficient savings;
- private health insurance;
- police clearance certificate;
- proof of accommodation in Greece or arrangements to obtain it;
- supporting financial documents.
Once approved, the applicant receives a national D Visa, valid for up to 12 months, allowing entry into Greece to complete the residence permit procedure.
4
2+ weeks
Renting or purchasing accommodation in Greece
Applicants must have residential accommodation in Greece before applying for the residence permit.
Unlike the Greece Golden Visa, this residence type does not require purchasing property. Both renting and buying residential real estate are acceptable, and no minimum property value applies.
Immigrant Invest assists clients with:
- selecting suitable accommodation;
- reviewing lease or purchase agreements;
- conducting legal Due Diligence on the property;
- coordinating the transaction remotely whenever possible.
5
1 day
Applying for the residence permit and submitting biometrics
After securing accommodation in Greece, the applicant submits the residence permit application to the competent Migration Authority before the D Visa expires. The same visit includes the collection of biometric data: fingerprints, a digital photograph and a signature.
Immigrant Invest lawyers coordinate the submission and accompany the applicant throughout.
6
About 3 months
Receiving the residence permit
Once the application and biometrics are submitted, the authorities begin processing the residence permit.
After the application is approved, the applicant receives a residence card valid for 3 years. The permit can be renewed for additional 3-year periods, provided the applicant continues to meet the set requirements, including maintaining sufficient passive income and residing in Greece for at least 183 days per year.
Your peace of mind starts with our credibility
For 20 years, Immigrant Invest has been helping clients obtain residence and citizenship, including residence permits in Greece. We support clients at every stage of the application process, from assessing eligibility to receiving the status.
We are well-versed in the requirements of Greece residence for FIPs and strictly follow the Greek Immigration Code, including Law No. 5038/2023.
As a member of the Investment Migration Council, we adhere to the highest standards of legal expertise, transparency, and client service.
Trust your future to a reliable agent
Diligent
Our in-house compliance team runs thorough checks upfront to ensure eligibility and protect you from rejection risks.
Dedicated
From the first consultation to obtaining residence, we will support you at every step and answer all, even the trickiest, questions.
Confidential
We protect your trust with strict confidentiality, securing your data and investment details under an NDA agreement.
Elena Ruda,
Co-Founder & Managing Partner
With almost 20 years of experience and direct partnerships, we ensure a smooth, secure, and transparent journey to EU residence.
Our team of legal and real estate experts will assist you at every step, from the first free consultation to selecting a property and securing your residence.
Your expert team
Our Greece-based legal and migration experts know the law inside out and ensure a smooth residence process.
Get more than just residence
Moving to Greece involves more than obtaining a residence card. Our team continues supporting clients after approval with practical and legal matters related to relocation and life in Greece.
The scope is flexible and can be tailored to additional requests.
1.
Residence permit renewal
You will have your residence card renewed on time, without the need to manage the process on your own.
You will have your residence card renewed on time, without the need to manage the process on your own.
2.
Residence permit replacement
You will get a new residence card quickly and always have a valid document in hand.
You will get a new residence card quickly and always have a valid document in hand.
3.
Addition of family members
Your loved ones will obtain residence cards promptly, enabling the whole family to live together.
Your loved ones will obtain residence cards promptly, enabling the whole family to live together.
4.
Help with purchasing real estate
We can provide you with full-scope assistance: from selecting the right property to concluding an agreement and registering ownership rights.
We can provide you with full-scope assistance: from selecting the right property to concluding an agreement and registering ownership rights.
5.
Opening a bank account
You will get a fully activated bank account without dealing with documents preparation and local bureaucracy.
You will get a fully activated bank account without dealing with documents preparation and local bureaucracy.
Our clients’ reviews
Clients’ names and photos have been changed to comply with a non-disclosure agreement.
Schedule a meeting
Let's discuss the details
Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
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Articles about Greece
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Frequently asked questions
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Schedule a meeting
Let's discuss the details
We will develop an individual solution, select a country and status that will solve your problems, and accompany the entire process.
Zlata Erlach
Head of the Austrian office
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Sources
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Source: Data by Numbeo