Greece continues to welcome financially independent non-EU citizens seeking long-term residence in a peaceful and culturally rich country. Under Article 163, paragraph 8 of Law 5038/2023, Greece offers a specific residence permit for Financially Independent Persons (FIPs), which is an ideal solution for retirees, remote income earners, and others with stable financial means who wish…

The government is set to implement a new scheme in 2025 that will separate the Greek Golden Visa Program from real estate investments. This initiative aims to redirect focus from property acquisitions to promoting startup entrepreneurship. The Greek government aims to redirect investor capital towards more productive sectors, moving away from real estate investments that…

This is an the update to our article published June 19, 2024, https://stathaki-tsopela.gr/en/immigration-law/financially-independent-persons-new-greek-residence-permit/ Recent changes: Citizens of third countries who wish to enter the country with a national entry visa and apply for a residence permit as Financially Independent Persons (FIP) must demonstrate sufficient financial resources of at least 3.500 euros per month. If the…

The Ministry of National Economy and Finance and the Ministry of Development have taken new measures to support Greek startups as part of shaping and implementing a new productive model for Greece. One of the most significant initiatives announced by the Greek government concerns the granting of the Startup Visa. Specifically, as announced, following the…

Prime Minister Kyriakos Mitsotakis made a reference to the Golden Visa in Greece in his speech at the 88th Thessaloniki International Fair, but not in regards to the real estate program. The recent changes come as part of the economic strategy introduced during the 88th Thessaloniki International Fair to further boost the country’s economy. The…

In the context of successfully implementing the Golden Visa program and taking into consideration the requirements of foreign investors, Greece has expanded this program. It has introduced a more flexible and expedited process for non-EU/EEA citizens who intend to acquire a residence permit (Greek Golden Visa) through intangible investments in Greece, specifically in the form…

According to the law that was passed yesterday (April 2, 2024) in the Greek Parliament, the provisions regarding the permit for permanent investment in real estate (Golden Visa program) are as follows: In the Attica Region, the Regional Units of Thessaloniki, Mykonos, and Santorini, and on islands with a population of over 3,100 inhabitants, the…

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