Yunanistan

At a glance

Program

FIP Residence Permit

Passive income

~EUR 24,000/year

Stay requirement

None

Work

Not permitted

Long term

Permanent residence/citizenship through residency

FIP: No Stay Requirement

The Financially Independent Person (FIP) residence permit is granted with proof of roughly EUR 24,000 per year in passive income (additional income required for family members). Its most significant advantage is the absence of a minimum stay requirement, making Greece attractive for those seeking a flexible EU base. It does not permit work.

Tax Advantage for Retirees

Foreign retirees who transfer their tax residence to Greece can benefit from a flat 7% tax rate on foreign income for up to 15 years. There is also a path to permanent residence and citizenship after long-term legal residence. Tax planning should be assessed according to individual circumstances.

Benefits

• No minimum stay requirement.
• Mediterranean lifestyle and Schengen access.
• Reasonable income requirement.
• Family members can be included.

Requirements

• ~EUR 24,000/year in passive income (plus additional amounts for family).
• Health insurance.
• Clean criminal record.

Costs

Proof of income

~EUR 24,000/year

Fees

Additional fees apply

FAQ

Do I have to stay in Greece?

No, the FIP residence permit has no minimum stay requirement.

What is the income requirement?

Roughly EUR 24,000 per year in passive income for the main applicant; additional income is required for family members.

What is Greece's tax advantage for retirees?

Foreign retirees who transfer their tax residence can benefit from a flat 7% tax rate on foreign income for up to 15 years.

Can I work?

No. The FIP residence permit does not permit gainful activity; it relies on passive income.