In an effort to provide a migration route for remote workers, Greece is offering its own Digital Nomad Visa (DNV). But how easy is it to apply for it? What is the financial amount required? Are these achievable goals?
The truth is the Greek visa is not the cheapest option available for digital nomads.
According to Law 4825/2021, remote workers must be employed by an organization registered outside Greece or be an entrepreneur whose entire income comes from outside Greece and who earns at least €3,500 per month.
Nomads must provide evidence of a labor contract that was established outside the borders of Greece, either for an “indefinite period” or for a “fixed-term” covering the duration of the visa. Nomads who are self-employed must also declare their income and provide any contracts or proof of payment required to support their application.
Those who want to bring their partner, children, or other “dependents” will face higher financial requirements. By law, monthly expenses increase by up to 20% for a spouse and another 15% for each child. A Greek DNV is usually valid for up to twelve months and must be renewed if the visa holder plans to stay longer.
Suggested: 51 Countries Offering Digital Nomad Visa
Pros of the Greek DNV
- As long as you have a steady source of income, you can live and work in Greece, either on the mainland or on the islands.
- You can stay in Greece/Schengen for more than three months out of every six.
- If your employment position does not change, you may be able to extend your Greek residence visa.
Cons of the Greek DNV
- Applying is more expensive than other DNVs issued by competing destinations*.
- You may lose your immigrant status if you become unemployed or do not meet the financial requirements.
- If you bring family members and/or dependents, the cost increases significantly.
*Albania grants Americans a free one-year stay as tourists.