The Greek Government has provided important tax incentives to private individuals (high-net-worth individuals, pensioners, and Greeks living abroad) to transfer their tax residency in Greece. We have successfully advised clients in their relocation to Greece.
In a nutshell, the special non-Dom tax regime, which is valid for 15 years from the date of submission of the relevant application, provides the exhaustion of tax liability for any foreign-sourced income by paying an annual flat tax of €100.000, regardless of the amount of income earned abroad and with no obligation to declare any foreign income in Greece provided that:
- the individual was not a Greek tax resident in the previous 7 out of 8 years prior to the transfer of the tax residence in Greece, and
- invest an amount of at least 500.000 € in Greece no later than three years from the application for submission to the non-Dom tax regime