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The rule in writing
“Greece’s national (type D) visas require travel medical insurance with minimum cover of €30,000, valid for the whole Schengen area and the full duration of stay, covering emergency care, hospitalisation, and repatriation.”
Official source: Greek Ministry of Foreign Affairs (mfa.gr) national-visa documentation — Last verified:
The rule in writing
“The Greek visa is only the entry step. Financially Independent Person residence permits are issued under Article 163(8) of Law 5038/2023 — the Migration Code, applying from 31 March 2024 — as permit type I.8, and the supporting file requires an insurance policy from a private insurance company alongside proof of sufficient resources. That level is set at €3,500 per month of net income or capital, increased by 20% for a spouse and 15% for each child. The permit itself is an electronic residence card carrying biometric data.”
Official source: Hellenic Ministry of Migration & Asylum — Joint Ministerial Decision οικ. 225679, Government Gazette (ΦΕΚ) Β′ 5223 of 17.09.2024, Art. 1(1)(i); permit created by Law 5038/2023 (Migration Code) Art. 163(8), ΦΕΚ Α′ 81/01.04.2023 — Last verified:
What the investment thresholds actually are
The September 2024 circular sets three tiers, and the geography matters more than most summaries admit. €800,000 applies in Attica, the Thessaloniki regional unit, Mykonos, Thira and islands with more than 3,100 residents — which includes Euboea. €400,000 applies everywhere else. A reduced €250,000 tier applies to property converted to residential use or requiring restoration.
Two conditions catch people out. Where the property is built, its main areas must total at least 120 m². And the threshold must be met by a single property — you cannot assemble it from several smaller purchases.
What the circular restricts — and what it is silent on
The restrictions in the circular bind the property. Property acquired under the conversion tier cannot serve as a business headquarters or branch, and properties cannot be let short-term through sharing-economy platforms or sublet.
What the circular does not address is whether the holder may take Greek employment. We are not going to guess at that, and you should treat any source that states it confidently without a citation with suspicion. If working in Greece matters to your plan, that question needs answering by someone qualified before you commit capital — not by an insurance page.
So what insurance do you actually need?
Because the investor circular sets no insurance figure, the reference points are the ordinary ones. Greece’s national (type D) visa standard is €30,000 of cover, valid across the whole Schengen area for the full duration, including emergency care, hospitalisation and repatriation — and repatriation is the condition most often missing from an otherwise adequate policy.
The permit runs five years and renews while the investment is maintained, which makes this a long-horizon cover decision rather than a one-application purchase. Residence-grade cover valid in Greece from the outset avoids discovering at renewal that a travel policy no longer fits.
How it compares with Greece’s other routes
Greece’s financially-independent route asks for €3,500 a month of income and bars both employment and self-employment outright. The investor route asks for capital instead of income and is silent on work. If you are weighing them, the visa finder sets out every Greek route with its published work rule, and the income checker shows what each one asks you to earn.
Honest limits: Cover is worldwide but excludes treatment in the United States. Pre-existing conditions are excluded, including conditions you did not know about. We disclose this before you request a quote. Consulates keep discretion, and requirements can change. We show the published rule and its source; the final decision is the consulate’s.