Greece is notable for its fairly accommodating policy towards foreign citizens seeking residence permits, offering a diverse range of programs to suit various needs. There are several reliable avenues to obtain a residence permit in Greece, depending on the purpose of one's stay in the country.
The advantage of residence permit and life in Greece
Greece beckons with its Mediterranean climate, extensive coastline, ancient landmarks, and the warmth of its locals. With a low crime rate, well-established tourist facilities, abundant educational options, and opportunities for outdoor activities, Greece offers an enticing lifestyle. Moreover, its affordability compared to other European nations, thanks to reasonable prices for goods, housing, and services. Local cuisine annually tops world rankings, and the country itself is known for its high-quality products.
Despite economic difficulties, Greece continues to develop and offers all conditions for a comfortable stay.
The country is a member of the European Union, and a residence permit here provides several advantages:
- Freedom of movement across Europe, allowing stays of up to 90 days within six months in each EU country. Certain residence permits also extend this privilege to the applicant's family
- You can reside in Greece.
- Certain residence permits, on the other hand, offer the flexibility of not requiring permanent residency in Greece.
- Many types of residence permits afford you the opportunity to apply for Greek citizenship after a specified period.
Now we will briefly look at the different types of residence permits in Greece.
Residence permit for property owners
This particular form of residency permit, commonly referred to as the Golden Visa, is granted upon the purchase of real estate, with the required investment amount varying depending on the location. Conditions for receiving are as follows:
- The minimum investment required to obtain this particular residency permit is 250,000 euros. At this price point, the purchase must be made outside the premier regions of the country—namely Athens, Thessaloniki, Mykonos, and Santorini. In these four municipalities, the minimum threshold for real estate investment is set at 500,000 euros (though this may vary within specific areas of Athens and Thessaloniki).
- The residence permit is issued for five years with the right of extension for the whole family, not only for the owner. You do not need to reside permanently in the country, and after seven years you can count on citizenship if you stay in Greece for most of the year for the entire period.
- For this type of residency permit, there's no requirement to demonstrate the amount in your bank account, and the assurance of approval stands at 100%.
It is worth considering that for Russians obtaining a Golden Visa residence permit is temporarily suspended.
To get more detailed information about this type of residence permit, as well as to get acquainted with suitable real estate properties in Greece, you can contact the specialists of Greece Invest.
Residence permit for financially independent persons in Greece
For individuals with a stable income sourced from outside of Greece, the financially independent residency permit is suitable. This category encompasses businessmen, entrepreneurs, and prospective investors The conditions are the following:
- The minimum required amount in the account is 48,000 euros. The permit is applicable to spouses and children; however, an additional deposit of 20% is necessary for each family member.
- The amount of money in the account must be confirmed regularly.
- The permit is initially issued for a duration of two years, with the option to extend thereafter.
- There's no requirement for permanent residency in Gree
At the moment, the issuance of this type of residence permit for citizens of Russia and Belarus is also suspended.
Residence permit for digital nomads in Greece
This residence permit is also suitable for those who work remotely. It is quite easy to obtain, and the conditions for digital nomads are as follows:
- Income from 3,500 euros, confirmed by a bank statement for the last 3-4 months.
- If you also apply for a residence permit for your partner and children, a higher income is required.
- The residence permit is given for two years with the right of extension.
- You must live in Greece for six months a year.
At the same time, citizens of Russia and Belarus can obtain a digital nomad residence permit.
*Please note, as of March 31, 2024, new regulations are anticipated. It will be necessary to obtain a D visa beforehand, whereas previously, only a tourist visa sufficed.
Residence permit for students
For individuals seeking quality higher education in Greece, a student residence permit is an option. It doesn't require substantial funds in your account. Bachelor's degree programs at the country's universities are tuition-free for foreign applicants, while master's degree programs are financially accessible.
- A student residence permit is issued for a period of one year and then renewed.
- Entitles you to work part-time.
- Free travel in European countries.
- Entry into Greece requires a D visa.
- You need to show the availability of funds from a minimum calculation of 400 euros per month.
Throughout their studies, students learn Greek, receive complimentary meals, and have access to numerous graduate programs taught in English.
How to choose the type of residence permit
These popular types of residence permits are available to many people who want to move to Greece or stay in the country and travel around Europe.
The experts at Greece Invest will assist you in selecting the most suitable option through a comprehensive, complimentary consultation. You can reach out to us via our website's feedback form, chat, or contact us through instant messengers using the provided phone numbers.
