Finances in Greece
Obtaining Greece residency by finances

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Details of staying in Greece through financing in 2024

Greek financial residence or  self-supporting residence in Greece is one of the best ways to obtain permanent residence in Greece for people who have capital and business in the country of origin. In this method, a person must have a fixed monthly income. In  Greek residency, with financial resources, a person can go through the initial stages of obtaining Greek residency with a printout of bank account statements and housing rent. When staying in Greece through financial means,  a person is not allowed to work .

According to the latest changes in 2023, in order to obtain  Greek residency through financial support  (self-supporting visa scheme), you must prove that you have an income equivalent to 2000-2500 euros. In addition to that, in order to receive a permanent residence permit in Greece, you must prove that you can earn 24,000 euros per year.  This work is necessary to prove the residence of Greek financial ability for 1 year.

In this article, all the necessary conditions for obtaining Greek residence through financial means in 2023 have been reviewed. Also, if you have any questions, you can contact our experts (Mobile: 09123760297 – Freephone:  02172265 ). In addition, you can  use the Greek visa eligibility check form  for free.

 

Stay in Greece by finance

There are various ways to immigrate to Greece, such as staying in Greece by investing or staying in Greece by buying property , studying, working, etc. Each applicant chooses one of the options according to his conditions, facilities, goals and of course his initial capital.

Iranian applicants can also immigrate to Greece through work visa, study visa, investment such as buying real estate, company registration and financial empowerment or self-support plan, marriage visa with a Greek citizen, etc.

Among the mentioned methods, obtaining Greek residency through financial means is particularly attractive for foreign investors. Because the Greek government, while supporting the financial empowerment of Greece, provides favorable conditions for applicants.

What does it mean to stay in Greece through financial means?

One of the ways to immigrate to Greece and obtain residency is through financial means. With the help of this method, in addition to living in Greece, the applicant can also travel to EU member countries and stay in these countries for three months out of every six months of the year.

According to the law of this country, people who have high financial resources and do not live in EU member states can apply for Greek residency with financial resources. It should be noted that these people must have enough income to cover the living expenses of themselves and their companions in Greece, and the government will not give them a work permit, but they can invest in Greece and earn euros according to their investment area.

Staying in Greece through financial means is one of the best ways to immigrate compared to other European countries. With this method, the applicant receives a two-year residence card and becomes a resident of Greece, and his children are allowed to study for free in this country.

You can easily extend your stay in obtaining a Greek financial residence, and  you do not need to stay in Greece for a long time like the Greek Golden Visa . Another thing is that you have the possibility to travel to Schengen countries and you are exempted from paying taxes.

 

What is a self-supporting visa?

Self-supporting Greece visa allows you to stay in this country for a certain period of time without the need for financial support from another person and by proving your financial ability according to the required conditions. To get a self-supporting Greek visa, you must prove that you have the financial ability to support yourself during your stay. This means providing proof of income, bank statements and other relevant financial information. You may also need to show proof of health insurance and a return ticket to your home country.

Once you get your self-sponsored Greece visa, you can enjoy all the amazing experiences this country has to offer. From the historic Acropolis and charming streets of Athens to the stunning beaches of Crete and the beautiful islands of Santorini and Mykonos, with a self-sponsored Greece visa in hand, you can experience the magic of Greece without worry.

 

Greece residency requirements through financial means

Verification of a person’s eligibility as an applicant for Greek residence through financial means requires three main and important conditions:

Having sufficient financial resources to support yourself and your companions without having to work in this country, as you will not have a work permit. This financial ability must be shown in your bank statement or there is proof of this, such as bank interest, dividends, real estate permits or any other means of income generation other than employment.
Proof of intention not to work in Greek government offices.
Having a monthly income of 2,500 euros, which increases to the mentioned amounts if you have a companion such as a spouse or child.

Necessary documents to obtain residency in Greece

The documents required to obtain a residence permit in Greece are:

Original new passport of the applicant and companions with at least 1 year validity along with old passports.
The original birth certificate of the applicant and companions.
2 pieces of 4×6 color photos with white time taken less than 6 months.
Certificate of no bad criminal record of the applicant and companions. This certificate must be valid for less than 1 month on the day of submission to the embassy.
Confirmation of health certificate. This certificate is issued by Stargate Institute and is approved by the applicant in one of the government medical centers with a validity of less than 1 month.
Bank statement certificate. 6-month bank statement with usual and referable transaction along with letter of financing in Latin language.
Employment certificate that includes the original official documents of business registration and legal licenses. Letter of introduction on the letterhead stating the position and duration of cooperation and the salary received on the basis that it proves sufficient income for residence and financial ability. (if you have a pay slip for the last 3 months)
Proof of salary and income.
Real estate lease with notarial registration.
Documents proving the amount of profit of shares.
The original real estate documents, including the definitive document of the affidavit or contract with tracking code. If any of the properties have documents proving their rent, it is useful to provide them.
All these documents must be approved by the official translation agency of the Ministry of Justice and the Ministry of Foreign Affairs.

Procedures for obtaining Greek residency through financial means

Greece financial residence is one of the best immigration methods that does not require investment and it is enough for the applicant to prove that he is able to cover the cost of living for himself and his companions in Greece. The steps that must be taken to get a visa in Greece are as follows:

Obtaining a tourist visa and travel to Greece

In the first step, the method of obtaining Greek residence through financial means, the applicant must visit Greece, and for this, it is necessary to obtain a Schengen tourist visa of this country. This trip is mandatory for the main applicant and optional for potential companions.

Opening an account in Greece

After entering Greece, the applicant must open an account in one of the reputable banks of this country and after going through the legal procedures, deposit an amount of around 25-30 thousand euros into this account, which amount will be more if he has a companion. After doing these things, the person returns to Iran.

Submitting a financial resource visa application

Following the above steps, the applicant applies for a Greek visa. The result of the application is usually announced after 2 months, and if this visa is approved, the applicant and his companions are able to travel to Greece.

Biometric steps

The next step in obtaining Greek residency through financial means includes doing biometrics and fingerprinting and going through a series of administrative and security tasks.

Get accommodation

Finally, after passing the above steps, the applicant and his companions will receive a 2-year Greek residence.

Greek financial residency with Stargate Institute

What services do you receive in the process of cooperation with Stargate Institute?

Stargate, due to its reputation and history due to the large number of successful cases, has been able to obtain very good connections with European and American countries. Also, the cost of cooperation with Stargate Migration Institute is almost 50%  lower than the cost of companies and institutions active in the field of migration to Greece, due to the elimination of intermediaries  .

All your needs will be taken care of by us, whether on the way to obtaining residency or while you are living in Greece. Such as: all administrative, legal, banking, financial matters, carrying out matters related to renting and renovating properties, consulting for managing and starting a business in Greece, consulting for choosing the best schools and universities, zero to hundred support for choosing the best insurance health Service.

 

Benefits of staying in Greece through affordability
In order to strengthen its economic cycle, Greece has acted to attract immigrants through financial resources. In this section, we have brought you some of the most important benefits of immigrating to Greece through financial means:

Ease of obtaining visas for other countries such as America, Canada and England.
Having internationally valid medical insurance.
Obtaining a Schengen residence permit in the European Union in the shortest time.
No need for investment or company registration in the European Union.
Easy extension of residence permit.
No need for an English or Greek language certificate at the beginning of the residency process.
Free movement and living in Schengen area countries.
Exemption from paying annual tax.
No age limit.
Possibility of retirement in a safe European country.
Using the citizenship rights of this country like a Greek.
Benefiting from the Greek education system for your children.
Visa-free travel to more than 170 countries.
There is no age limit for residency.

Disadvantages of staying in Greece
Financially staying in Greece, along with its advantages, also brings a series of disadvantages. As an example, we can refer to these 2 cases:

Not having a work permit in Greece.
According to the changes of 2023, there will be more strictness in the extension of residence and in some circumstances it may even be rejected.
Income necessary to stay in Greece through financial means
One of the most important things related to obtaining a Greek self-supporting visa is providing the capital needed to act in this way. We mentioned that the method of obtaining residence in Greece through financial resources is suitable for people who have sufficient income and are able to cover the costs of living in Greece.

For this purpose, the monthly income required for an adult in Iran to immigrate through self-support should be 2000 euros. For the spouse of the applicant, this amount will be increased by 20% and for children under 18 years, 15% will be added to this total. This income can be from dividends, bank interest or real estate rent, which means that you can earn money without your presence.

The applicant for Greek residence through financial means must prove that he has the expenses of living in Greece for one year. In this way, the first applicant must have at least 48,000 to 65,000 euros in his bank account, and with the increase of this amount, his chances of getting residence will increase, and of course, the source of income must be clear. In addition to these amounts, the applicant must have an insurance contract to cover the medical expenses of himself and his companions during their stay in Greece and rent a house to live in Greece. Thessaloniki and Athens are among  the best Greek cities to live  and earn money, but it is not limited to just these two.

Methods of proof of financial means in Greece
You can use several methods to prove your financial ability. In this article, we will examine several ways to prove financial ability:

Providing a bank statement : One of the common ways to prove financial ability is to provide a bank statement. This invoice must contain a sufficient and valid balance that shows the ability to pay the expenses related to the stay in Greece.
Submit property documents: If you own a property in Greece, you can present this property as your property to prove your financial ability.
Providing a bank credit document : A bank credit document is a document that shows that you have the ability to pay the expenses related to your stay in Greece. This document can be issued through the bank where you have a bank account.
Submission of job-related documents : If you have a job and a decent income, you can submit documents such as your salary certificate or account balance as a proof of financial ability.
Submission of investment documents : If you have participated as an investor in a project in Greece, you can submit documents related to this investment as a proof of financial ability.

Approved financial sources to obtain a residence permit in Greece

In order to obtain a residence permit in Greece, one must be able to demonstrate sufficient financial resources in a legal and valid manner. In the following, we will review the approved financial sources to obtain a financial ability visa to immigrate to Greece

Obtaining a financial ability visa to immigrate to Greece requires applicants to prove their financial ability to cover the costs of living and staying in this country. For this purpose, approved financial resources should be provided. Approved financial sources include things such as a bank account with sufficient balance, financial documents such as financial statements, tax returns and property documents. Also, it is possible to obtain a financial evaluation confirmation from the Greek embassy or consulate in the country of origin.

Applicants must bring sufficient documents to prove their financial ability. Also, it should be remembered that the amount and type of financial resources to obtain a financial resource visa may be different depending on the type and duration of the applicant’s stay. Finally, it is suggested that applicants contact the Greek embassy or consulate in their home country before starting to submit the documents to receive guidance regarding the required documents and the conditions related to the financial support visa.

Who is eligible to migrate to Greece through financial means?

As we have mentioned, residence in Greece is suitable for people who receive a fixed annual income from various sources such as pensions, residential and commercial property rentals, bank deposits, dividends, etc. In general, this method of obtaining residence is very attractive for people with a fixed income and interested in living in a country with a balanced climate and beautiful and cultural islands close to our culture. Also, those who want to live in European countries or visit them will reach their goal through this method. This method, of course, will lead to a quick residence for the applicant and his companions.

What are the conditions for extending residence in Greece through financial means?

Among the conditions required to extend the residence of Greek financial resources are: 5 years of living in this country, of course, without any crime or misdemeanor. In addition, taxes must be paid in full during this period. Then, after 7 years, you can get a Greek passport.

Cost of living in Greece with financial means

The cost of accommodation in Greece depends on various factors such as the number of family members, financial resources and travel history, which are calculated by the company’s lawyers; You can contact us for detailed information about this matter.

Conditions for obtaining a companion visa through financial means

In the method of obtaining Greek residence through financial means, one of its attractive features is the possibility of obtaining a companion visa. In this way, it is possible for the applicant’s family, i.e. his wife and children under 18 under his guardianship, to immigrate with this visa. It is enough to present these documents for the companions at the time of presenting the documents.

Please note that there are two ways for the applicant’s children over 18 years old to immigrate to Greece. In the first method, which is to obtain a golden visa for Greece, the children must be at least 21 years old. The second method is educational migration for these people, which means that they get admission from a university in Greece and can immigrate to this country with their families.

Conclusion

In this article from  Stargate Institute  , we found out that staying in Greece is the easiest way to immigrate to this country and it is very attractive for people who have the right financial strength and desire to immigrate to one of the European countries. This pleasant country has made it possible to issue a five-year residence permit with a financial means visa, so if you are eligible to obtain this visa, do not miss this golden opportunity and start immigrating to Greece right now.

Similar searches by users:

Greek residency through financial means.
Stay in Greece with finances
Financing for a Greek tourist visa.
Greece self-sponsored visa.

Frequently asked questions about Greece financing residency
Among these questions are:

What are the conditions for obtaining a self-supporting visa?

The most important condition is attendance. In addition, applicants do not have a work permit and can only get a work permit if they start a business.

How much is the financial capacity for a Greek tourist visa?

According to the joint decision of the European Union ministers, from December 24, 2007, all non-EU nationals are required to have at least 50 euros per day and a total amount of 300 euros for a stay of up to 5 days for a tourist visa.

Do I need to have a lot of capital to stay in Greece?

In order to obtain a permanent residence in Greece, you need to prove your financial ability, which requires providing a document that proves that you have a monthly income of 2500 euros in Iran, and this amount will be added for each spouse and child.

Can I work and reside in Greece at the same time?

You need a work permit to work in Greece, but you don't need a work permit to stay in Greece.