Passive IncomeActive

Greece Financially Independent Person (FIP) Visa

Greece · Europe

2.3
Editorial Score

Min Monthly Income

$3,850

Application Fee

$1,100

Processing Time

—

Difficulty

Moderate

Duration

24 months

Path to Citizenship

—

Overview

Greece's FIP visa allows non-EU citizens with €3,500+ monthly passive income or €48,000+ savings to reside for 2 years (renewable) with mandatory 6-month annual stay and no work permission.

Eligibility Requirements

RequirementDetails
NationalityNon-EU nationals only

Only non-EU/EEA citizens are eligible for the Greece FIP Visa. EU/EEA nationals do not qualify as they have freedom of movement rights. This restriction ensures the visa targets third-country nationals with sufficient passive income.

Minimum Income$3,850 USD/month
Accepted Income SourcesPension / Social Security, Passive / Investment Income
Social Security CountsYes
Pension / Annuity RecognizedYes
Minimum Savings$52,800 USD
Application Fee$1,100 USD
Renewal Cost$1,100 USD/year
DependentsAllowed
Income Req. per Adult Dependent+20%
Income Req. per Child Dependent+15%
Local Work PermittedNo
Local Income LimitMax 0% of total income
Health InsuranceRequired
Local Bank AccountRequired
Physical Presence183 days/year
Max Consecutive AbsenceNot specified
RenewableYes
Duration24 months
Leads to PRNo

Requirements Checklist

- **Identity**: Valid passport (scanned copy), four recent colored passport photos.

- **Financial**: Proof of $3,850 USD/month passive/pension income (bank statements, pension decisions), or minimum $52,800 USD savings; evidence for dependents (+20% spouse, +15% child); Greek bank account statements.

- **Health**: Private health insurance covering stay in Greece (certificate of coverage).

- **Other**: Clean criminal record certificate; National Visa D; no apostille, FBI check, medical exam, or Certificate of Coverage required.

📍 Application location: Start with a National Visa D application at the Greek embassy or consulate in your home country, including a brief in-person interview. Upon arrival in Greece, submit the residence permit application at the local immigration office before the Visa D expires. No online portal specified; in-country steps require physical presence.

Tax Information

Tax Regime:Territorial (foreign income exempt)

Greece operates a territorial tax regime for this visa, taxing only Greece-sourced income while foreign passive income like pensions is generally not taxed locally. Visa holders become tax residents if meeting the 183 days/year presence, potentially triggering worldwide income taxation after review. Tax treaty with US is unknown; consult a specialist for filing obligations. No special regimes like NHR apply specifically to FIP holders. Local income limit is 0%, aligning with no work permitted.

Work Permissions

·Local employment: Not permitted
·Accepted income sources: Pension / Social Security, Passive / Investment Income
·Local income limit: Max 0% of total income from local sources

Application Steps

  1. 1

    📋 Verify eligibility and gather funds

    1-2 weeks

  2. 2

    📅 Apply for National Visa D

    2-4 weeks

  3. 3

    📄 Collect required documents

    1-2 weeks

  4. 4

    🏛️ Enter Greece on Visa D

    Same day

  5. 5

    📬 Submit residence permit application

    1 day

  6. 6

    ⏳ Attend biometrics and wait

    not specified

  7. 7

    🏛️ Maintain 183 days presence yearly

    Ongoing

FAQ

Frequently Asked Questions

Click any question to expand the answer.

The minimum monthly income requirement is $3,850 USD for the main applicant. This covers passive income or pension sources. For dependents, add 20% for a spouse and 15% for each child.
Pension and passive income sources are allowed, such as pensions and other passive streams. Social security counts toward the requirement, and pension income is recognized. Income must be stable and documented properly.
Dependents are allowed, including spouse and children. Income requirement increases by 20% for a spouse and 15% for each dependent child. Family members receive personal residence permits.
You must spend at least 183 days per calendar year in Greece to renew the permit. This physical presence is required for renewal eligibility. Failure to meet this can prevent renewal.
This visa does not lead to permanent residency. It is renewable but has no specified path to PR or citizenship. Focus on renewal every 24 months if eligible.
The visa is issued for 24 months and is renewable. Renewal requires meeting the 183 days/year presence and $1,100 USD fee. No path to PR is provided.
Yes, health insurance is required. It must cover your stay in Greece adequately. Private plans meeting basic coverage are typically used.
Yes, a local bank account in Greece is required. Use it to demonstrate funds for living expenses. Open it upon arrival for compliance.
Local work is not permitted, with a 0% local income limit. No employment in Greece is allowed. This is a passive income visa only.
Common rejections stem from insufficient proof of $3,850 USD/month income or minimum $52,800 USD savings. Failing to show required health insurance or local bank account also leads to denial. Not meeting the non-EU nationality restriction is another issue.
Minimum savings of $52,800 USD are required in addition to or as proof alongside income. These must be documented, often in a local bank account. Combine with passive income for strongest applications.

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At a Glance

Renewable✓ Yes
Dependents✓ Allowed
Leads to PR✗ No
Local Work✗ Not permitted
Health InsuranceRequired
Local Bank AccountRequired
SS Income Counts✓ Yes
Pension Recognized✓ Yes
Physical Presence183 days/yr
NationalityNon-EU nationals only
Admin Ease1.0/5

Last verified: May 13, 2026

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Greece FIP Visa: Residence Permit for Financially Independent Persons | Rewire Abroad