STRATEGIC ACCESS TO EUROPE & THE SCHENGEN AREA
Greece Financially Independent Person visa
Greece offers one of Europe’s most flexible and attractive remote work residency options through its Digital Nomad Visa. Designed for non-EU nationals, this visa allows remote workers, freelancers, and self-employed professionals to live legally in Greece while working for employers or clients based abroad.
With its Mediterranean lifestyle, affordable cost of living, and visa-free access to 29 Schengen countries, Greece provides the perfect balance between work and leisure for digital professionals and their families.
At Coates Global, our experienced legal team ensures a smooth and hassle-free application process — managing everything from eligibility checks to final residency approval.
With this programme, individuals can reside in Greece, travel freely across the Schengen Zone, and enjoy the country’s world-class healthcare system, Mediterranean cuisine, and relaxed way of life. This visa is an excellent choice for those who wish to maintain financial independence while living in one of Europe’s most scenic and historically significant countries.
With the FIP Visa, applicants receive a two-year renewable residence permit and are not required to invest in real estate or businesses. The income requirements are straightforward and designed for individuals who earn income from pensions, dividends, rental yields, or savings. Spouses and dependent children can be included, offering a long-term European residency option for the entire family.
At Coates Global, our experienced legal professionals manage every aspect of the application, from financial planning and document preparation to residency approval—ensuring a seamless relocation to Greece.
Greece Residency is extended to spouses and dependent children, offering long-term security and Schengen access to financially self-sufficient families seeking a peaceful European lifestyle.
Key Features of the Programme
– Two-year renewable residence permit for financially independent applicants
– No requirement to work or invest in Greece
– Visa allows inclusion of spouse and dependent children
– Minimum annual income requirement: €42,000 for the main applicant
– Visa-free travel to 29 Schengen countries
– Access to Greece’s public and private healthcare system
– Pathway to permanent residency and citizenship after seven years
– Residency permit does not permit local employment but allows income from abroad
– Ideal for retirees, passive income earners, and location-independent professionals
Eligibility & Financial Requirements
To qualify for the Greece Financially Independent Person (FIP) Visa, applicants must demonstrate they have the financial capacity to reside in Greece without relying on employment or public support. While no investment is required, applicants must meet strict income and documentation criteria to ensure long-term financial independence.
Minimum Financial Requirements
Applicants must prove a stable passive income earned outside Greece, such as pensions, dividends, rental income, or savings. Official supporting documentation must be provided.
- Primary Applicant: Minimum €42,000 annually
- Spouse or Partner: Additional €8,400 annually
- Per Dependent Child: Additional €6,300 annually
Example for a family of four: €42,000 (main applicant) + €8,400 (spouse) + €12,600 (2 children) = €63,000 annual income required
Alternative Proof of Financial Means
Instead of proving regular passive income, applicants may also qualify by showing sufficient savings held in their personal bank account. The required amount must be twice the total annual income threshold.
- Single Applicant:
A minimum deposit of €84,000 is required. - Family of Four (Main applicant + Spouse + 2 Children):
A minimum deposit of €126,000 is required.
This savings option provides a flexible route for individuals and families with capital but no recurring income.
Accommodation Requirements and Health Insurance
Applicants must provide evidence of secured accommodation in Greece through one of the following:
- Long-term residential lease agreement; or
- Proof of property ownership in Greece
Health Insurance
- All applicants and dependents must hold comprehensive private health insurance, valid for use in Greece and covering hospitalisation, outpatient care, emergencies, and repatriation. The policy must be in effect for the full duration of the residency.
During your application, our team provides clear guidance, timeline tracking, and support tailored to your family’s specific needs.
Expenses & Fees
In addition to meeting the financial requirements, there are also government, legal, and administrative costs.
- Application Fee: €1,000 per adult applicant
- Residence Permit Card Issuance Fee: €16 per applicant
- Legal Fees: €9,000 to €15,000 depending on the number of dependents and complexity of the case
- Document Translation and Legalisation: €300 to €500 (varies by country and document volume)
- Private Health Insurance: €300 to €1,000 per person annually (based on age and coverage level)
- Greek Tax Number (AFM) Registration: €150–€300
- Local Bank Account Setup: €200–€300
Frequently Asked Questions
The Greece FIP Visa is a residency permit for non-EU nationals who can support themselves financially without employment in Greece. It is ideal for retirees, remote workers with passive income, and financially independent individuals seeking European residency.
Applicants must demonstrate a stable passive income of at least €2,000 per month (€24,000 per year). Additional income is required for dependents:
- Spouse: +€400 per month (€4,800 per year)
- Each dependent child: +€300 per month (€3,600 per year)
Alternatively, a bank deposit of at least €126,000 may be accepted as proof of financial means.
No, holders of the FIP Visa cannot engage in employment in Greece. However, they can:
- Earn passive income from sources outside Greece (e.g., pensions, rental income, dividends).
- Work remotely for non-Greek employers or international clients, provided they do not operate a business in Greece.
Yes, applicants may include:
- Spouse or registered partner
- Dependent children under 18 (or# under 24 if full-time students)
- Dependent parents (in some cases)
Each dependent requires additional proof of financial means.
The Greece FIP Visa is initially valid for two years and can be renewed indefinitely as long as financial requirements are met.
FIP Visa holders are required to reside in Greece for at least six months (183 days) within a calendar year to maintain their residency status. This residency obligation is crucial for the renewal of the residence permit and compliance with Greek immigration laws.
Yes, after 7 years of continuous legal residency, FIP Visa holders can apply for Greek permanent residency or citizenship, provided they meet integration and language requirements.
- FIP Visa holders do not automatically become Greek tax residents unless they spend more than 183 days per year in Greece.
- Greece offers a favourable tax regime for retirees and financially independent individuals, with potential tax reductions for foreign-sourced income.
Yes, all applicants and dependents must have comprehensive health insurance valid in Greece.
Owning property is not required for the FIP Visa, but it can be used as proof of accommodation. If you wish to invest in property and obtain residency, the Greece Golden Visa may be a better alternative.
Coates Global provides end-to-end assistance, including:
- Eligibility assessment and personalised consultation.
- Full legal representation to handle paperwork and liaise with Greek authorities.
- Application submission and tracking for timely processing.
- Guidance on tax planning and relocation to make your move to Greece seamless.
With Coates Global, you gain expert legal guidance and a stress-free application process, ensuring your transition to life in Greece is smooth and successful.
Contact Us today, and our experts will provide you with personalized guidance and full support throughout your application.
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