FIP VISA - GOLDEN VISA
Immigration and residence permit
"Oganov & Partners" Law firm
Provides legal support to those wishing to move to Greece for permanent residence, as well as obtain a European residence permit or, subsequently, citizenship.
Having received a residence permit in Greece, you will be able to freely move around the EU countries, make business trips, stay in Greece as long as you need, and also enjoy the many advantages of European residency.
There are several grounds for immigration and obtaining a residence permit (permanent residence) in Greece.
Business immigration: directors, managers and board members of foreign subsidiaries and branches legally engaged in commercial activities in Greece
Program for financially independent persons and their families without the right to work in Greece. Residence permit based on independent income or funds from outside the country through retirement or retirement benefits, virtual work, business, savings or grants.
Residence permit ("Golden Visa") for real estate investments: purchase of real estate in the amount of 250,000 euros, a lease agreement or timeshare for the specified amount, purchase of land participation and an official construction contract for at least the specified amount in total.
Admission to study at a university in Greece
Marriage to a Greek citizen, family reunification
Official employment (highly qualified workers, specialists in the field of culture, art, science and sports, fishermen, sailors).
"Golden Visa" - residence permit in Greece for investors and property owners
The program for investors in Greek real estate provides for obtaining a residence permit in Greece for a period of 5 years for the buyer and his entire family. Today Greece, in comparison with other EU countries, gives the lowest threshold for obtaining a "golden visa" - 250,000 euros. This program is available only for citizens of "third countries".
What are the advantages of "Golden Visa" ?:
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the opportunity to reside in Greece all year round without the obligation to become a tax resident;
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freedom of movement throughout the European Union;
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the applicant's parents and his children under 21 can obtain a residence permit for 5 years as well;
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the possibility of extending the residence permit for 5 years, as well as obtaining citizenship after 7 years of permanent residence in Greece;
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free access to the healthcare system, the banking system, the possibility of business lending
How to Obtain a Golden Visa in Greece
Greece offers one of the most attractive residency-by-investment programs in Europe, commonly known as the Golden Visa. This program grants a five-year renewable residence permit to non-EU nationals who make a qualifying investment in Greek real estate. Below is a detailed guide on how to obtain the Greek Golden Visa, its benefits, eligibility criteria, and application process.
1. What is the Greek Golden Visa?
The Greek Golden Visa is a residency-by-investment program that allows non-EU citizens to obtain a residence permit in Greece by investing in real estate. This visa is valid for five years and can be renewed indefinitely as long as the investment is maintained. The visa also grants visa-free travel within the Schengen Zone.
2. Benefits of the Greek Golden Visa.
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Residency in Greece for the investor and their family (spouse, children , and dependent parents).
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No minimum stay requirement to maintain the visa.
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Visa-free travel within the Schengen Zone.
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Path to Greek citizenship after seven years of residence.
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Opportunity to rent out the property for additional income.
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Access to high-quality healthcare and education in Greece.
3. Investment Requirements.
To qualify for the Greek Golden Visa, applicants must invest in real estate under the following conditions:
Investment Thresholds (Updated 2024)
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€800,000 Investment: Required for properties in high-demand areas such as Athens, Thessaloniki, Mykonos, Santorini, and islands with a population exceeding 3,100 inhabitants. The property must be at least 120 square meters.
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€400,000 Investment: Applicable to other regions of Greece, with a property requirement of at least 120 square meters.
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€250,000 Investment: This applies to properties intended for renovation or conversion into residential spaces.
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Long-term lease option: A minimum 10-year lease agreement for hotel accommodations or tourist residences worth at least €250,000.
4. Eligibility Criteria.
To be eligible for the Golden Visa, applicants must:
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Be a non-EU citizen.
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Be at least 18 years old.
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Have no criminal record.
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Provide proof of health insurance valid in Greece.
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Maintain the investment for as long as they hold the residence permit.
5. Renewal and Citizenship
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The Golden Visa is renewable every five years, provided the investment remains in place.
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After seven years of continuous residence, investors can apply for Greek citizenship, provided they meet language and integration requirements.
8. Common Questions
Q: Can I sell the property and still keep my visa? No, selling the property cancels the Golden Visa unless you reinvest in another qualifying property.
Q: Can I work in Greece with a Golden Visa? No, the visa does not grant work rights, but you can operate a business in Greece.
Q: Can family members apply? Yes, your spouse, children under 21, and dependent parents can receive residency under the same visa.
Conclusion.
The Greek Golden Visa program is an excellent opportunity for non-EU investors seeking European residency through real estate investment. With visa-free Schengen travel, no residency requirements, and a pathway to citizenship, it remains one of the most attractive programs in Europe.
For personalized assistance, legal support, and investment guidance, feel free to contact us today!
RESIDENCE PERMIT IN GREECE FOR FINANCIAL INDEPENDENT PERSONS
Greece Financially Independent Person (FIP) Visa
The Financially Independent Person (FIP) Visa in Greece is a residency permit offered to non-EU/EEA nationals who can demonstrate the ability to financially support themselves and their families without the need for employment in Greece. This visa is ideal for retirees, remote workers, and individuals with independent sources of income such as investments, savings, or pensions.
Eligibility Criteria
To apply for the Greece FIP Visa, applicants must meet the following requirements:
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Age Requirement: Applicants must be at least 18 years old at the time of application.
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Financial Stability:
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Applicants must provide proof of a stable and sufficient income to support themselves and their family while living in Greece.
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The minimum income requirement is €3,500 per month.
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If you are applying with a spouse, the income requirement increases by 20%, and for each child, it increases by an additional 15%.
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Acceptable sources of income include pensions, rental income, dividends, savings, or other investments.
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Applicants must show that they have enough funds to cover living expenses without seeking employment in Greece.
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Family Members:
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The visa allows the main applicant to include their spouse and children under 21 years of age in the application.
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Dependent parents of both the applicant and their spouse can also be included.
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Residence Permit Issuance:
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After approval, you will be issued a residence permit for a period of three years.
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The residence permit can be renewed every three years as long as you continue to meet the financial criteria.
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Key Benefits of the FIP Visa
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No Employment Requirement: Applicants are not required to work in Greece, making the visa ideal for retirees or individuals with passive income.
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Family Inclusion: You can include your spouse, children, and dependent parents in your application.
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Schengen Area Access: As a resident of Greece, you can travel freely within the 26 countries of the Schengen Area.
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Long-Term Residency: The visa is renewable every three years as long as financial requirements are met.
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Path to Citizenship: After living in Greece for seven years, you may be eligible to apply for Greek citizenship, provided you meet the additional requirements, including language proficiency and integration into Greek society.
Renewal of the FIP Visa
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The Greece FIP visa is initially granted for three years.
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To renew the visa, applicants must prove that they continue to meet the financial requirements and maintain sufficient income to support themselves and their family.
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There is no upper limit on how many times the visa can be renewed, as long as the applicant remains financially independent.
Why Choose the FIP Visa in Greece?
Greece offers a wonderful quality of life, a Mediterranean climate, and a rich cultural heritage. The FIP visa is ideal for those who want to enjoy the relaxed lifestyle of Greece while maintaining financial independence. With easy access to the European Union and the Schengen Area, Greece remains a top destination for international residents.
For more information, or to start your application for the Greece FIP Visa, please feel free to contact us. Our team of experts can assist you with all aspects of the application process, ensuring a smooth and efficient experience.