Tax incentives for the transfer of tax residence in Greece

Tax incentives for the transfer of tax residence in Greece

Greece successfully implemented a plan after the Covid19 economic crisis promoting digital infrastructure and the healthcare system. Greece's vision is to be a top destination for digital nomads by creating a complete package that can easily attract different types of investors. Let’s be honest, who would mind living in the most beautiful place in the world and benefit from the favorable Tax system?

Below are the special tax regime for non dom residents:

Investors

In the case of the persons who transfer their tax residence and make the investment, they pay every tax year a flat tax of one hundred thousand (100,000) euros, regardless of the amount of income obtained abroad.

Retirees

In the case of persons who transfer their tax residence and are retired, if their application for inclusion in that alternative tax method is accepted, they pay each tax year a tax equal to a rate of seven percent (7%) for the total income acquired abroad.

Employees and freelancers

In the case of persons who transfer their tax residence and are employed or provide their services with employment status with a sole proprietorship in accordance with the purposes of the Income Tax Code.

Read the full article for the requirements for each category here.

Are you interested in relocating in Greece? 

CYAUSE Audit Services Ltd  was formed in 2011 in Nicosia. With more than 25 years of experience in the field, Mr Tramountanellis (director) has formed an excellent reputation of excellence and professionalism in the accounting profession. CYAUSE Audit Services Ltd managed to provide continuously a full spectrum of services to its international and local clientele, from offshore and onshore incorporation and licensing of investment firms to accounting, audit and tax services to local and international entities and groups.

Source: Atlas Consulting