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Greece - Financial Independence

Residency by Investment

About

Greece, like many other countries, offers non-European financially independent person, the opportunity to secure residency.

The Greek residence permit would allow the holder and his/her dependents, to live, but not work, in Greece and to travel visa free to any Schengen countries.

After the applicant’s candidacy is approved by the local authorities, the residence permit is issued and initially valid for 2 years with subsequent extensions for 3-year periods. The holders of a Greek residence permit may opt to either reside or not reside in Greece, as no restrictions have been set by the government in this regard so far.

 

Investment Options

  • Evidence of at least EUR 48,000 in a bank account either in Greece or abroad.

 

Why Greece

  • Visa-free travel inside Schengen Area
  • Possible tax planning benefits
  • The spouse, children up to the age of 18 may apply for the residence permit
  • All family members may obtain residency within 1-2 months
  • No requirement to reside in Greece before or after residence permit is issued

 

Requirements

  • Applicants must be able to prove that they have at least EUR 48,000 in a bank account. An additional 20% is required for spouses and 20% for each minor child.
  • The applicant must own or rent real estate in Greece to qualify for the financially independent persons program.
  • Only one visit to Greece required for the permit to be issued
  • Applicant needs to provide proof of sufficient income to sustain him/her and his/her dependents
  • Medical insurance is required for all applicants and their dependents.
  • Absence of sanctions and restrictions or prohibitions to entry into the EU, USA, UK and Canada
  • Excellent personal and business reputation.
  • Ability to confirm the legality of the source of income and available capital.
  • Good health.

 

Who can obtain residency in Greece with the main applicant?

  • The spouse
  • Children under the age of 18