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Greece’s Irresistible Tax Incentive

15/07/2021

Are you a professional looking to relocate? If so, you are in luck – through a recent law, Greece has launched tempting new tax incentives geared towards foreign tax residents who are considering a move to Greece for professional purposes. The tax incentive applies to both individuals in ‘employment positions’ and freelancers.

What Does the Tax Incentive Entail?

Individuals who are successful will:

Be exempt from income or solidarity tax on 50% of their source employment or freelancer income in Greece
Be exempt from local tax regulations on annual imputed income received from the ownership of real estate or vehicle.

Who Is Eligible?

Individuals who:

Are relocating from a European Union or European Economic Area member state.
Are planning to remain in Greece for a period of 2 years.
Have not been Greek tax residents in the past 5-6 years.
Are employees of a Greek enterprise or the Greek branch of an international company.

The tax incentive is set to attract a sizeable number of interested parties, including foreign individuals and former Greek citizens who have emigrated, as well as overseas companies.