Since its introduction in December 2019, the Greek Non-Dom Regime has established Greece as an attractive destination for high-net-worth individuals (HNWIs). This tax regime offers a compelling solution for taxing foreign income, appealing to individuals who transfer their tax residence to Greece.
Eligibility Criteria:
- The individual must not have been a Greek tax resident for seven (7) out of the eight (8) years before the year of transfer to Greece.
- A minimum investment of €500,000 in Greek real estate, legal entities, or securities is required, either directly or indirectly (e.g., through a company or relative).
Tax Treatment and Obligations:
- A fixed annual flat tax of €100,000 on all foreign-sourced income, irrespective of the actual amount earned.
- The regime can be extended to family members for an additional €20,000 per member, covering spouses, parents, and children.
- Exemption from inheritance and donation tax for foreign assets.
- No obligation to declare any income earned outside Greece.
- Greek-source income is taxed under standard national tax provisions.
Important Deadlines and Conditions:
- The investment shall be completed within three (3) years starting from the application date.
- Applications for the Non-Dom Tax Regime must be submitted by the 31st of March of the relevant fiscal year.
- Supporting documents can be submitted within two (2) months from the application date.
- The annual flat tax is due in one lump sum by July 31st each year.
- The regime is valid for a maximum of fifteen (15) years.
Eligible Investments Under the Greek Non-Dom Regime
- Real Estate: Purchase or construction of property in Greece.
- Private Companies: Acquisition of shares in Greek non-regulated entities.
- Greek Government Bonds: Purchase with a minimum maturity of three (3) years.
- Alternative Investment Funds: Capital contribution to funds established in Greece.
- Business Investments: Investments in securities or shares traded on regulated markets.
Learn More:
To explore the various opportunities Greece offers, including tax and relocation incentives, and more, download our brochure and see how we can assist you.
Contact us:
To start the process of transferring your tax residency to Greece.
E: info@machas-partners.com
T: +30 210 7211100
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