Greece's Non-Dom Tax Regime: Eligibility & Benefits

Greece has become an attractive destination for investors and high-net-worth individuals looking to optimize their tax liabilities. The Non-Dom Tax Regime offers significant tax advantages for those who qualify, making it a compelling option for expatriates, retirees, and international entrepreneurs considering Greek tax residency.

Below, we'll explore the key eligibility criteria and benefits of this program.

Who is Eligible for Greece’s Non-Dom Tax Regime?

To qualify for the Greek Non-Dom Tax Regime, applicants must meet the following criteria:

1. Investment Requirement

• A minimum €500,000 investment in Greece is required.
• Eligible investments include real estate, business ventures, stocks, bonds, and other approved financial assets.
• While this may seem broad, specific guidelines define eligible investments, so a detailed review is necessary.

2. Tax Residency Requirement

• Applicants do not need to live in Greece full-time.
• However, they must maintain Greek tax residency to benefit from the program.

3. Prior Tax Residency Condition

• The applicant must not have been a tax resident in Greece for at least 7 out of the last 8 years before applying.

4. Flat Tax Obligation

• Upon approval, participants must pay an annual flat tax of €100,000, regardless of their global income.
• This tax must be paid by the specified deadline each year.

Why Consider the Greek Non-Dom Regime?

The Non-Dom Regime in Greece offers significant advantages for investors and expatriates, particularly those looking for a favorable Greek tax rate. Some key benefits include:

• Fixed Taxation: No matter how much global income you earn, your tax obligation remains fixed at €100,000 annually.
• Wealth & Asset Protection: Unlike traditional tax systems, foreign income is not taxed, making it a secure option for wealth management.
• Investment Flexibility: Greece provides multiple investment avenues, from property in Greece to stocks and business ventures.
• Residency & Lifestyle Perks: By becoming a tax resident, individuals can enjoy the benefits of living in Greece, including its favorable climate, quality of life, and access to the EU market.

Things to Consider Before Applying

• The Greek tax system has strict compliance requirements, and each case needs in-depth analysis to ensure full eligibility.
• The specifics of the investment requirement should be reviewed carefully to ensure compliance with government regulations.

Other benefits of being a tax resident in Greece as an investor is having 0% tax on capital gains, which means that profits from the sale of investments are not subject to taxation. Meanwhile, investment dividends are subject to a low 5% tax rate, making them an attractive option for those looking to grow their savings.

Frequently Asked Questions

Can I get the Golden Visa if I qualify under Greece's non-dom tax regime?

Qualifying for Greece's non-dom tax regime does not automatically mean you qualify for the Golden Visa, as the Golden Visa has its own separate eligibility requirements.

However, if you qualify for a Golden Visa through an investment of €400,000 in certain areas or €800,000 (depending on the applicable threshold), you would also be eligible to apply for the non-dom regime. In other words, obtaining a Golden Visa investment of at least €500,000 can make you eligible for non-dom status, but qualifying for non-dom alone does not make you eligible for the Golden Visa.

Next Steps

If you're considering applying for Greece’s Non-Dom Tax Regime, it’s essential to conduct a thorough tax assessment with a professional to determine your eligibility and understand the implications fully.

For more information on Greek tax residency, property investment, and financial planning, feel free to reach out to us by booking a 15-minute discovery call.

Why Choose My Greek Expat Journey?

At My Greek Expat Journey, we assist expats from around the world in obtaining their residency permits and with handling paperwork. With a trusted network of top-rated accountants and lawyers, we ensure a smooth process free from scams. Our transparent communication, up-front fees, and quick responses make relocating to Greece stress-free.