Greece’s Updated Non-Dom Tax Regime Explained

Greece’s Income Tax Code offers enticing tax incentives for non-domiciles transferring their tax residency to the country under the Greece Non-Dom Tax Regime. Individuals who become tax residents in Greece can take advantage of favorable provisions, including flat tax rates on foreign income and exemptions on inheritance and gift taxes.

Overview of the key benefits for those looking to move their tax residency to Greece:

1. Alternative Taxation for Foreign-Sourced Income

Eligible individuals can benefit from a flat tax rate of €100,000 annually on foreign income, provided they:

• Have not been tax residents in Greece for 7 of the last 8 years.
• Invest €500,000+ in Greek real estate, businesses, or securities within 3 years. (Note: Exceptions apply for holders of specific investment residence permits)

This scheme also exempts participants from inheritance or gift tax for assets located abroad.

2. Taxation of Foreign Pension Income

Pensioners transferring tax residence from a cooperative country can enjoy a 7% flat tax rate on foreign pension income if they:

• Haven’t been Greek tax residents for 5 of the last 6 years.
• Transfer their tax residence from a country with an administrative cooperation agreement with Greece.

3. Special Taxation for Employment & Business Activity

For employment or business activity in Greece:

• Transfer tax residence from the EU, EEA, or a cooperative country.
• Commit to staying in Greece for at least 2 years.

Participants enjoy a 50% tax exemption on income from employment or business activity earned in Greece.

Application Deadlines:

• Applications must be submitted by 31^st of March 2025.
• Any application which will be submitted after the 31^st of March 2025, will be examined for 2026 tax year.

Seize the opportunity to embrace Greece’s vibrant culture and lifestyle—while benefiting from its attractive tax policies!