Greek Non-Dom Tax Regime
Greek Non-Dom Tax Regime
Greece offers a “non-domicile” tax regime for foreign individuals wishing to transfer their tax residency, inspired by similar programs in countries like Cyprus. This regime allows for a fixed annual tax on foreign income without the need to declare it in Greece.
Eligibility:
- Residency: Must not have been a Greek tax resident for 7 of the last 8 years.
- Investment: Invest at least €500,000 in Greece within three years, through real estate, securities, or shares. Alternatively, holding a Greek Golden Visa.
Tax Benefits:
- Fixed Tax: €100,000 per year covers all foreign income.
- Family Inclusion: €20,000 per year for each additional family member.
- No Declaration: No need to declare foreign income in Greece.
- Greek Income Tax: Greek-source income is taxed per standard Greek laws.
Conditions:
- Duration: Non-dom status valid for up to 15 years.
- Application Deadline: Apply by March 31st (each tax year)
- Payment Deadline: Annual tax due by the last working day of July.
Why Choose Greece:
- Simplified Taxation: Reduced tax declaring obligations.
- Double Tax Treaties: Benefit from Greece’s tax treaties.
- Comprehensive Services: Access custom banking, insurance, tax consulting, real estate management, and relocation packages.
What we can do for you
Eurofast offers tailored services for Non-Dom Tax Residents:
- One-Stop Hub: Centralized services including banking, insurance, and consulting.
- Residency Consultation: Comprehensive guidance on the non-dom application process.
- Tax Planning: Tailored strategies to maximize your tax benefits.
- Legal Assistance: Expert legal support to ensure compliance with Greek regulations.
- Ongoing Support: Continuous advisory services to maintain your tax status and residency benefits.
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