Greece Financial Independence Visa (Type D)
Greece GRC
Greece's Financial Independence Visa (Type D) allows non-EU nationals with sufficient passive income from foreign sources to reside in Greece without engaging in local employment. Holders may benefit from Greece's exceptional 7% flat tax regime on all foreign pension income, making it one of the most tax-efficient retirement destinations in the EU. After five years of legal residence, holders may apply for permanent residency, and Greek citizenship is accessible after seven years.
Program Details
- Category
- Retirement
- Processing Time
- 3 months
- Application Fee
- $165
- Minimum Income
- $2,200/yr
- Minimum Investment
- N/A
- Family Included
- An additional 20% of the base income requirement applies per dependent spouse or child
- Path to PR
- Yes — 5 years
- Path to Citizenship
- Yes — 7 years
- Physical Presence
- Must reside primarily in Greece; the permit is initially issued for 2 years and renewable in 3-year increments. Must not be absent from Greece for more than 6 consecutive months, or 10 months cumulatively, in any permit period.
- Dual Citizenship
- Allowed
- Tax Impact
- Retirees who transfer their tax residency to Greece may benefit from Greece's flat 7% tax rate on all foreign-sourced pension income for up to 15 years, available to those who were not Greek tax residents in 5 of the preceding 6 years. No work is permitted on this visa.
- Renewal Cost
- $165
Minimum monthly passive income of €2,000 (~$2,200 USD) for a single applicant from sources outside Greece, such as pensions, dividends, rental income, or investments. An additional 20% is required per dependent family member.
Key Requirements
- ✓Proof of passive income of at least €2,000/month from sources outside Greece (pension, dividends, rental income, investments)
- ✓Additional 20% of base income per dependent family member
- ✓Proof of accommodation in Greece (rental contract or property deed)
- ✓Valid private health insurance covering Greece with full medical coverage
- ✓Clean criminal background check
- ✓Valid passport with at least 1 year remaining validity
- ✓No intention to take up employment or conduct business activities in Greece
Nationality Restrictions
This program restricts applications from nationals of: EU/EEA and Swiss nationals do not require this visa, Work in Greece is strictly prohibited for Financial Independence Visa holders