Financial Independent Person's Visa in Greece (Updated for 2026)

The Financial Independent Person’s Visa (FIP) remains one of the most attractive residency options for retirees from non-EU countries who can demonstrate sufficient passive income. This residency permit not only allows holders to reside in Greece but also grants them the freedom to travel across all Schengen countries. However, to maintain the permit, residents must spend a minimum of six months per year in Greece.

In this article, we’ll outline the updated requirements and processes for obtaining an FIP Visa in 2026, ensuring you have all the information needed for a seamless application.

Updated Requirements in 2026

The latest and most significant updates to the FIP Visa program were enacted in June 2024, aimed at streamlining the process and extending benefits for applicants:

• Validity Extension: The FIP Visa is now valid for three years, compared to the previous two years.
• Financial Requirements: Applicants must demonstrate a deposit of €126,000 to sustain their expenses for the subsequent three years. Alternatively, a passive income of €3,500 per month (via pensions, investments, or dividends) supported by bank statements, may be provided as evidence. Please note that for spouses, a 20% increment must be added to the original amount, and 15% per child.

Application Process

Before applying for the FIP residence permit, you must first obtain a Type “D” Visa from a Greek Consulate or Embassy in your current country of residence. Here’s a step-by-step breakdown:

Required Documents

1. Type “D” Visa: A prerequisite for the FIP application.
2. Passport: A scanned copy of your valid passport.
3. Photographs: Four recent colored passport-sized photos.
4. Health Insurance: A private health insurance plan covering basic healthcare in Greece. Request a certificate from your insurer specifying the coverage area and minimum amounts.
5. Proof of Funds:
   • Stable annual income sufficient to cover living expenses (€3,500 per month for a single applicant, plus 20% for a spouse and 15% for each child).
   • Evidence can include pension statements, bank account balances, social security pension (apostilled), lease contracts, or other legal proofs.
   • For the full three-year residency, a bank deposit of at least €126,000 is recommended as the safest proof of income.

Family Member Applications

Family members accompanying the main applicant must provide additional documentation:

• Certificate from an insurance carrier for medical and pharmaceutical care coverage.
• Official documents proving family relationships, such as a family status certificate.
• Copy of the sponsor’s residence permit or their FIP application, if submitted simultaneously.

Refusal Rates and Considerations

The refusal rate for FIP Visas remains relatively high due to stringent financial requirements. For example, salaries are often deemed less secure than pensions, and applicants must ensure their funds are clearly documented. A three-year fund must be deposited in advance into a bank account for greater security. Additionally, FIP Visa holders are prohibited from engaging in employment or investment activities in Greece.

Benefits of the FIP Visa

Despite the strict requirements in the application process, which some may find challenging, the FIP Visa offers several advantages, including:

• Freedom of movement across Schengen countries.
• Long-term residency in Greece with a streamlined and straightforward renewal process.
• Access to Greece’s rich culture, affordable cost of living, and scenic landscapes.

Next Steps

Securing Greek residency requires thorough preparation and a clear understanding of the visa options available. If you’re considering the FIP Visa or other alternatives, explore our detailed guides on our blogto weigh the pros and cons of each.

Why Choose My Greek Expat Journey?

At My Greek Expat Journey, we assist expats from around the world in obtaining their residency permits and handling other administrative tasks. With a trusted network of top-rated accountants and lawyers, we ensure a smooth process free from scams. Our clear communication, transparent fees, and quick responses make relocating to Greece stress-free.

To discuss your options or get personalized assistance, book a 15-minute discovery call with us today. Whether you’re planning retirement in Greece or seeking a new adventure, we’re here to help you navigate the process.

FAQs

What is the Financial Independent Person's (FIP) Visa in Greece?

The Financial Independent Person's Visa (FIP) is a residency permit for retirees and non-EU citizens who can demonstrate sufficient passive income. It allows holders to reside in Greece and travel freely across all Schengen countries. To maintain the permit, residents must spend a minimum of six months per year in Greece.

What are the financial requirements for the FIP Visa in 2026?

Applicants must demonstrate a bank deposit of €126,000 to cover expenses for the three-year validity period, or a passive monthly income of €3,500 via pensions, investments, or dividends, supported by bank statements. For spouses, a 20% increment must be added to the original amount, and 15% per child.

How do I apply for the FIP Visa in Greece?

Before applying for the FIP residence permit, you must first obtain a Type D Visa from a Greek Consulate or Embassy in your country of residence. Required documents include a valid passport, four recent passport-sized photos, private health insurance covering basic healthcare in Greece, and proof of funds such as pension statements, bank balances, or lease contracts.

Can family members be included in a FIP Visa application?

Yes, family members accompanying the main applicant must provide additional documentation, including a certificate from an insurance carrier for medical and pharmaceutical coverage, official documents proving family relationships such as a family status certificate, and a copy of the sponsor's residence permit or their FIP application if submitted simultaneously.

What are the benefits and limitations of the FIP Visa?

The FIP Visa offers freedom of movement across Schengen countries, long-term residency in Greece with a straightforward renewal process, and access to Greece's affordable cost of living. However, FIP Visa holders are prohibited from engaging in any employment or investment activities in Greece, and the refusal rate remains relatively high due to stringent financial documentation requirements.

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