Financially Independent Person’s Visa in Greece

Who Qualifies?

The Financially Independent Person Residence Permit is ideal for non-EU/EEA citizens with stable, passive income (such as pensions, dividends, or savings) who wish to retire or live in Greece without working. To qualify, applicants must demonstrate a minimum income of €3,500/month after tax (with an additional 20% for a spouse and 15% for each child if accompanied by family members). The permit allows you to live in Greece without the right to work or engage in any economic activity.

Applying for the Financially Independent Person Residence Permit

Once approved for the National Entry Visa, applicants must submit their residence permit applications before the immigration authorities in Greece.

Permit Duration & Renewal:

• Initial permit duration: 3 years, renewable.
• Renewal requires demonstrating ongoing passive income and health insurance.

* This permit does not give the right to dependent work or independent economic activity of any kind in Greece for both the main applicant and his/her spouse or partner and family members.

* Third country nationals who are legally residing in Greece with a residence permit and who receive a pension from a Greek public insurance institution, regardless of the amount, can renew their permit as third country nationals with sufficient means of subsistence.

Family Members of Financially Independent Residents:

• Can apply for their own residence permit (expires with the main applicant’s).
• Must meet income requirements in total or individually.
• Cannot work or conduct business in Greece.

Get in Touch Today

For more information, please contact Machas & Partners at:  immigration@machas-partners.com