Greece residency by financial independence, also known as the Greece self-sufficient visa or Financially Independent Person Visa, is a popular pathway for individuals who wish to live in this European country without the need to work locally.
Under this program, applicants must provide documents such as health insurance and a medical certificate, while also proving their financial capacity through evidence such as income certificates and bank statements. These documents must show that the applicant is able to cover their living expenses in Greece.
This type of visa, sometimes referred to as a retirement visa, allows applicants to live in Greece together with their family and experience life in the heart of European civilization. From the historical landmarks of Athens to the beautiful beaches and iconic islands of Santorini and Mykonos, Greece offers an exceptional lifestyle and a wide range of opportunities.
The most important requirement for qualifying for the Greece Financially Independent Person Visa is proving that you meet the required income criteria.
It is important to note that salary or active business income usually does not help you qualify for this visa, as these income sources require active work and are not considered passive income. Applicants must have income from passive sources, meaning income that continues to be received even without active work.
Examples of eligible passive income sources include:
To obtain Greece residency by financial independence, applicants must meet specific financial conditions.
Under the current requirements, the minimum financial threshold for the main applicant is €3,500 per month, which equals €121,000 over three years. This income must come from sources outside Greece.
If family members are included in the application, the required income level increases. For example, a family of four must prove an income of approximately €5,500 per month.
Meeting this financial requirement is a fundamental condition for obtaining Greece residency through financial independence, and careful review of this requirement can help create a smoother and more secure immigration process.
What You Gain with Greece Residency by Financial Independence
You do not need to purchase property or transfer capital to Greece to obtain this type of residency.
With Greek residency, you can live in one of Europe’s most beautiful and historic countries.
Travel freely across all Schengen countries without the need for a visa.
Obtain residency for your spouse and children under 18 at the same time.
Children can study free of charge in Greek public schools, or attend international schools with tuition fees.
Enjoy a European lifestyle, Mediterranean climate, and a high level of social security.
The iLand Team Will Support You at Every Step
Steps to Obtain Greece Residency by Financial Independence
The applicant first submits a consultation request, contacts our consultants, and discusses their initial questions. Our team reviews the applicant’s documents and eligibility conditions and provides the necessary guidance.
After the initial review, an agreement is signed between the applicant and our company. Our team then prepares and completes the applicant’s documents and file, making it ready for the next stages.
After the documents are completed and the applicant’s eligibility is reviewed, the Type D visa application is submitted so the applicant can begin the residency process.
The applicant travels to Greece with the Type D visa and, with the support of our team, opens a bank account and deposits the required amount to cover living expenses for three years.
After the bank account is opened and the required funds are deposited, our team submits the applicant’s residency application and follows up on the related administrative procedures.
After the required processing time and completion of the identification procedures, the applicant’s residence card is issued and delivered. The applicant can then legally reside in Greece and travel within the Schengen Area.
Experience & Expertise
Trust Built on Experience
Daily Support
We stand by your side to help you achieve your goal as quickly and efficiently as possible.
Legal Assistance
Full support for obtaining a Greek tax number, opening a bank account, and completing the property purchase process. Our legal team carries out the necessary checks to protect your interests.
Visa Application
Professional preparation and submission of your application, including assistance with obtaining the pre-residence visa and continuing the pathway toward citizenship.
After-Service Support
Ongoing support for property management, maintenance, rental, or resale, helping you maximize the value of your investment.
What is the minimum capital required to obtain Greece residency by financial independence?
To obtain Greece residency by financial independence, there is no need to make an investment. However, you must show that you can cover your living expenses in Greece for three years in a personal bank account.
2. Who is Greece residency by financial independence suitable for?
It is suitable for individuals who have a stable income from outside Greece and wish to live in Greece without working locally.
3. What are the general conditions for obtaining Greece residency by financial independence?
Applicants must provide documents proving that they have sufficient income from passive sources to cover their living expenses in Greece. These conditions are reviewed during the application process.
4. Can I work in Greece with financial independence residency?
No. This type of residency does not allow you to be employed in Greece, start a business, or work as a business owner. However, you may invest in your existing assets and funds.
5. Can I obtain permanent residency after receiving Greece residency by financial independence?
Yes, provided that the relevant conditions for obtaining permanent residency are met.
6. Financial Independence or Golden Visa: Which Option Is Better?
While the Financially Independent Person Visa (FIP) is an excellent option for individuals who already have a stable income from abroad, it also comes with certain limitations:
In comparison, the Greece Golden Visa Program is often a more strategic option:
If your goal is long-term stability, easier renewal, and a clearer pathway to citizenship, the Golden Visa is usually the better choice.
At iLand, we provide full support for both FIP and Golden Visa applicants. However, in most cases, we recommend first evaluating the Golden Visa pathway, as it often offers stronger long-term benefits for you and your family.
Contact us today to discuss whether Greece Financial Independence Residency or the Greece Golden Visa is the right option for you, and let our experts guide you toward the best residency solution in Greece.
In the Words of Real Clients
Everything was excellent
Last year, my family and I decided to purchase a property and obtain Greek residency through the Golden Visa program. I had never even traveled to Greece before. We entrusted everything to the professional iLand Group. Now, more than a year has passed, and we came to Athens again for fingerprinting. Everything this company handled was according to plan and beyond our expectations. Throughout the entire process — from obtaining the visa, selecting and purchasing the property, to document submission and fingerprinting — they were by our side.
Thank you very much to you and your wonderful team
Naser omranian mohammadi
I have been working with iLand for many years. It is a highly reputable company, and all matters are handled professionally and accurately. The staff are very skilled and kind. I wish continued success to the company and its respected management
With respect,
Teymouri
Mozafar Teymouri
An excellent, experienced, and truly reliable company.
You can trust them 100% without any hesitation.
They completed the work as quickly as possible once we signed the contract.
I wish success to all of them
Mohsen Mohseni
iLand is a reputable and professional company with friendly, responsible, and hospitable staff.
I am very happy that I completed my Golden Visa process with iLand. 👍👍
reza R. karimi
We sincerely thank the iLand Group for having such a professional and friendly team — highly committed, punctual, and dedicated to delivering quality services to our family.
Massomeh Yarjanli
A professional and caring team who planned everything for us. We truly enjoyed working with them and had almost no concerns throughout the process. They dedicated a great deal of time to finding the best options, and everything else was handled smoothly by their team.
Hamed z.qadim
Dear iLand Immigration Office,
I sincerely thank you for your professional services and compassionate support throughout every stage of the immigration process. Your efforts brought peace of mind and confidence to me and my family. Without a doubt, you are among the very best in this field, and I wish you continued success and growth
Radin Ranjbar
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The Greek citizenship program is available to foreign applicants who can contribute to the country’s economy or demonstrate their readiness to integrate into Greek society through long-term residence. After seven years of legal residence in Greece, applicants may apply for citizenship.
Each residency pathway is more suitable for a different type of applicant. Greece residency by financial independence is a suitable option for retirees and individuals who wish to spend their retirement years in Greece.
On the other hand, buying property in Greece is more suitable for those who have made a clear decision to relocate and live in Greece. Therefore, the best type of Greek residency depends on your future goals and current circumstances.
You can apply for either of these Greece residency pathways through the iLand team.
Greece residency by financial independence is one of the available ways to obtain a visa and residency in Greece. In this guide, we have reviewed the age requirements, required documents, and financial conditions for both individual applicants and families.
Our professional team at iLand will support you throughout the entire process, from the initial application to obtaining your visa.
Choosing a destination for living or investment is a life-changing decision. With iLand as your consultant, the path toward informed decisions and successful investment in Europe becomes clear.
| Requirement | Description |
|---|---|
| Minimum Required Income | The main applicant must have an income of €3,500 per month — equivalent to €126,000 over three years — from sources outside Greece. |
| Acceptable Sources of Income | – Pension income from official institutions- Dividends or investment returns from companies and foreign financial markets- Rental income from properties located outside Greece- Bank interest or other financial resources that can be proven through official documents, such as bank statements or bank certificates |
| Income Verification Requirements | – The income must be stable and regular- The source of income must be legal and located outside Greece- The income must meet the minimum required amount according to the number of family members included in the application |
