3,000 applications for Greece digital nomad visa submitted - BusinessDaily.gr
Greece has received nearly 3,000 applications for its digital nomad visa, indicating solid interest in the recently launched process, according to Businessdaily.gr.
Based on Migration Ministry figures seen by the site, 1,693 applications have been approved with another 1,225 applications outstanding.
Over the summer, Greece joined the race, introducing a visa that allows non-EU foreign nationals to live and work in the country for up to two years on the condition that they have a foreign employer and earn at least 3,500 euros per month. A higher income is needed if dependent family members are also involved.
The investments that may result from an influx of digital nomads in Greece are far reaching, with a focus on the property sector as living quarters are among the first needs that must be met.
According to the Massachusetts Institute of Technology, if Greece manages to attract 100,000 digital nomads in one year, and they stayed in the country for 6 months, the benefit to the economy could reach 1.6 billion euros a year
Greece’s rules for the digital nomads visa have drawn mixed reactions with some describing the 3,500 euro minimum income as being too high.
Other don't see that as an obstacle, but most agree that more work must be done in improving Greece's internet, one of the slowest and most expensive in Europe.
EY Greece has provided some useful tips on the more technical details related to the process in Q and A's listed below that can also be accessed here.
What is the status provided by the Digital Nomad Visa?
Holders of a Digital Nomad Visa have the right of legal residence within the Greek Territory, with no access right to Greek dependent employment or business activity in Greece whatsoever.
Who is eligible for a Digital Nomad Visa?
Third country (non EU) nationals who are either dependent employees or self employed persons, working remotely with employers or clients outside Greece using Information and Communication Technologies (digital nomads).
Which authority is competent for the issuance of the Digital Nomad Visa?
The Greek consular authority of the place of main residence of the applicant is competent to issue a Digital Nomad Visa, by applying a fast track process.
The Digital Nomad residence permit is issued by the competent authority of the Greek Ministry of Migration and Asylum.
What is the basic requirement for the issuance of a Digital Nomad Visa?
In order to be eligible to a Digital Nomad Visa, the applicant is required (among others prerequisites) to provide evidence that he/she has sufficient resources, as a stable income, to cover his/her living expenses during his/her stay in the country, without burdening the national social welfare system. The amount of sufficient resources is set at three and a half thousand (3,500) euros per month.
If the applicant’s resources derive from dependent employment or independent provision of services, the above minimum amount refers to the net income, after payment of the required taxes in the country where the employment or services are provided.
The above amount is increased by twenty percent (20%) for the spouse or cohabitant and by fifteen percent (15%) for each child. Additionally, the applicant is required to provide documentation proving that he/she is a dependent employee or self employed person working remotely with employers or clients outside Greece, covering the validity period of the Digital Nomad Visa.
I am already in Greece, am I eligible to a Digital Nomad Visa?
A third country citizen, as well as members of his/her family, who meet the conditions to apply for a Digital Nomad Visa and have already entered the Greek
Territory either with a uniform type of visa or under a visa waiver regime, have the opportunity, within the period of validity of their existing Visa, to apply to the one-stop service of the Greek Ministry of Migration and Asylum for the issuance of a Digital Nomad residence permit.
In this case, they shall also be required to submit documentation proving their residence address in Greece.
Are family members eligible for a Visa?
Family members are eligible for an individual visa, valid for the same period as the digital nomad visa, that does not provide right of employment or professional activity in Greece.
How long is a Digital Nomad Visa valid?
A Digital Nomad Visa is valid for a period of up to 12 months. If the third country national estimates that he/she shall continue to be eligible following that period, then prior the expiration of the Visa he/she may apply for the issuance of a Digital Nomad residence permit, with a 2-year period of validity (with option of renewal). In that case also, family members are eligible.