Residence permit for financially independent persons (FIP) in Greece: Increase to the amount of sufficient resources required
The residence permit for financially independent persons (FIP – more precisely “residence permit for persons with sufficient means of subsistence”, type I.8) is regulated by article 163 par. 8 of Law 5038/2023. More specifically, it is provided that if a citizen of a third country has received an entry visa (national entry visa – visa D) as a person with sufficient means of living, he/she can request from the Aliens and Immigration Department of his place of residence in Greece the granting of a residence permit, if the applicant is able to prove that he/she has sufficient resources at the level of a fixed annual income to cover living expenses.
It was recently clarified (June 2024) with a decision of the Greek Ministry of Immigration that under the new law 5038/2023, the amount of sufficient resources increases and specifically is set at the amount of 3,500 euros per month, an amount which is increased by 20% for the spouse or the partner with a cohabitation agreement and by 15% for each child of the applicant.
The increase in the amount of sufficient resources is quite significant and therefore limits the possibilities of the applicants being included in the said regime.
It should be noted that if the above conditions are met, the person concerned is granted a residence permit with a duration of three (3) years, which is renewed for an equal period of time.
You can read more about this type of residence permit here.
*Our office has extensive experience in all kinds of immigration law and residence permit issues (issuance and renewal of residence permits, working visas, Golden Visa, legalization of illegal immigrants, acquisition of Greek citizenship, cancellation of deportations, objections to the detention of foreigners, etc.). For further legal advice or to assign your case to our office, you can contact us at tel. 2313 079293 or by email at info@siopi-law.gr. It is noted that the provision of legal advice without a corresponding fee is prohibited under the Lawyers Code (Article 57 Law 4194/2013)*
Daphne I. Siopi
Lawyer LLM
Thessaloniki Office:
52 Tsimiski Street, Thessaloniki
+30 2313 079293, +30 6977 568673
info@siopi-law.gr, dsiopi@siopi-law.gr
Athens Office:
134 Solonos Street, Athens
+30 211 0035843, +30 6977 568673
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