Move to Europe with Zero Investment: Enjoy Visa-Free Travel Across 29 Schengen Countries with the Financially Independent Person visa!

Among European immigration programs, Greece’s Golden Visa has long been favored by global investors for its high cost-effectiveness and minimal residency requirements. With the largest market share in the Greek Golden Visa sector, along with its exclusive local operations team and in-house legal team in Greece, Globevisa has successfully helped countless families realize their dream of relocating to Europe.

For applicants seeking the lowest possible cost and a flexible lifestyle, Greece now offers a highly attractive alternative — the Greece Financially Independent Person (FIP) Residence Permit, a non-investment residency program that grants long-term European residence simply based on stable monthly income. This makes it one of the most cost-effective and practical identity-planning options available today.

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1. A Low-Threshold, High-Value New Pathway to European Residency

The Greece Financially Independent Person (FIP) Residence Permit—also known as the Greece Non-Profit Residency Permit—is designed for non-EU nationals who have stable income generated outside of Greece. According to the latest requirements announced by the Greek government on September 17, 2024, the income thresholds are as follows:

● Main applicant: Minimum monthly income of €3,500 or €42,000 per year.

● Accompanying spouse: An additional 20% is required.

● Accompanying minor children: An additional 15% for each child under 18.

Eligible income types: Passive income, or primarily passive income supplemented by a small portion of active income.

Active income includes: Salary, service fees, business/operational income, etc.

Passive income includes: Pension, rental income, dividends, financial returns (such as regular income from funds, bonds, or stocks), royalties, patent income, and similar sources.

Source of Information: Νομοθεσία – Υπηρεσία Νόμιμης Μετανάστευσης | Υπουργείο Μετανάστευσης και Ασύλου

2. Core Advantages: Why Choose the Greek FIP?

1). Cost Advantage: One of Europe’s Lowest-Threshold Long-Term Residence Options

The main highlight of the Greek FIP program is that it allows applicants to obtain long-term European residence with a very low financial threshold. There is no need to invest in property or purchase any financial products; applicants only need to demonstrate a stable income. This makes it one of the most cost-effective and least capital-intensive long-term residence options in Europe, offering applicants a high degree of financial flexibility. Moreover, since there is no property ownership requirement, applicants are free to rent or buy a home anywhere in Greece, allowing for a more flexible lifestyle.

2). Residence Advantage: Initial Residence Permit Valid for Up to 3 Years with Unlimited Renewal

Under Greece’s latest Law No. 5038/2023, the initial residence permit for the Greek FIP program has been extended from 2 years to 3 years, with the option for unlimited renewal every 3 years thereafter. This policy adjustment makes the Greek FIP the long-term residence program with the longest initial permit validity among Europe’s non-lucrative programs, significantly reducing the frequency of renewals and associated administrative costs.

Source of Information:https://www.taxheaven.gr/law/5038/2023

3). Travel Advantage: Access to 29 Schengen Countries

With a Greek FIP residence card, your entire family can freely travel to all 29 Schengen countries. Whether for business trips, vacations, or visiting relatives, this residence card provides unparalleled convenience—one card opens the door to freedom across Europe.

4). Family Advantage: One Application for the Whole Family

The Greek FIP program allows a single applicant to include their spouse and children under 18 as dependents. This offers an easy pathway for families with educational or reunion needs, enabling the whole family to start a new life in Europe together.

5). Welfare Advantage: Access to Quality Public Education and Healthcare

FIP residence card holders can enjoy Greek public education for their children, while the whole family can access public healthcare through insurance. This ensures high-quality living standards and educational resources for families.

6). Future Planning: Permanent Residency and EU Passport Pathway

After legally residing in Greece for 5 years and meeting the relevant requirements, applicants can apply for Greek permanent residency, obtaining long-term EU residence. After 7 years, they can apply for citizenship, providing families with a clear and stable pathway toward long-term EU status.

3. Globevisa: Your Premier Partner for Greek Immigration

Globevisa is not only a leading player in the Greek Golden Visa market but also the strongest supporter for FIP residence applications. Our advantages include:

1). Market Leader with Overwhelming Market Data

 We hold the largest market share of Chinese applicants in the Greek Golden Visa program and have accumulated extensive government cooperation resources and numerous successful cases. This is the best testament to our professional capabilities and high success rate.

2). Exclusive Globevisa Greece Company + Licensed Greek Lawyer Team

 This is the core differentiating advantage of Globevisa.

● Globevisa Greece Team: Comprising over 40 members both domestically and internationally, including Greek-Chinese multilingual professionals, we ensure every step of the Greek immigration process receives timely, attentive service without time-zone limitations.

● In-House Lawyer Team: We employ multiple licensed Greek lawyers, including top-tier attorneys who have previously served at the Greek Ministry of Migration. From document review and embassy submission to residence card applications after arrival, our in-house legal experts oversee the entire process, ensuring legality and efficiency.

● End-to-End Personalized Service: From contract signing to residence approval, we provide seamless, one-stop, around-the-clock support. From fingerprint registration to residence card processing in Greece, our dedicated team is with you every step, making the application worry-free.

The Greek FIP program underwent legislative updates in 2023 and 2024, extending the initial residence permit to 3 years and clarifying income requirements. This demonstrates the Greek government’s continued openness to attracting “economically independent individuals.” Whether planning European education for your children or seeking a pleasant retirement in Greece, FIP is a high-quality option worth serious consideration.

Choosing Globevisa means choosing high success rates and peace of mind. With our strong foundation in the Greek market and professional local legal team, we tailor the most secure solutions for our clients, ensuring smooth acquisition of Greek residency.