How to Retire in Greece? Everything You Need to Know!

Posted by Milestone Invest on September 12th, 2022

There's nothing like retiring to a beautiful island where you can enjoy delicious food in pleasant surroundings.

Greece has some of the most picturesque scenery in Europe and is a favorite retirement destination for many.

If you want to retire in a country with a rich cultural heritage and pleasant climate, Greece should be your first choice.

However, you will need information on how to purchase property and much more.

Your move to Greece will be easier than ever with the information in this guide. How to get retirement visa in Greece?

Here are some requirements for retiring in Greece

Residence Permits: -

Foreigners (from outside the EU) visiting Greece can enter the country without a visa and stay for up to 90 days, but retirees must obtain a retirement visa in Greece to stay longer than three months.

You must apply for a retirement visa and have your application approved before the three-month visa-free stay expires.

Proof of Income: -

You must have a regular source of income to retire in Greece.

Your retirement income can come from investments, pensions, etc.

Greece also accepts retirement income from real estate investments, provided that all returns are verifiable.

Housing Provisions: -

Greece offers affordable housing rentals for those wishing to relocate to inland and coastal cities.

Consider budgeting before renting or buying a property in Greece. It is also advisable to purchase a home if you are considering becoming a permanent resident in Greece.

Private Health Insurance: -

Greek citizens have universal health insurance, but you cannot benefit from it if you are retired from another country (outside the EU).

You need to get a private health insurance to live as a retiree in Greece.

Greece has some of the best health care services in Europe; however, most of these facilities are located in major urban centers.

Consider living near the hospitals covered by your insurance if you need frequent medical care.

Conclusion: -

Greece offers an excellent environment to get everything you want from a European retirement. The food, climate and environment are top notch. Greece is also very affordable. You can find a Greek Property for Sale at a good price, and daily expenses are quite low.

You can peacefully retire in Greece, but you will probably need expert advice to make the most of this new beginning.