Alternative Taxation

Greece offers a range of alternative taxation methods designed to attract individuals to transfer their tax residence to the country.

Introduction to Alternative Taxation in Greece

Greece offers a range of alternative taxation methods designed to attract individuals to transfer their tax residence to the country. These schemes provide significant tax incentives for those who meet specific criteria, encouraging investment, the relocation of pensioners, and the migration of skilled workers.

By introducing fixed or reduced tax rates on foreign income and offering exemptions on various forms of taxation, Greece aims to boost its economy while providing financial benefits to new residents. This approach aligns with international tax cooperation standards and ensures a mutually beneficial arrangement for both the state and taxpayers.

Program Benefits & Requirements

Frequently Asked Questions

The alternative taxation system in Greece allows foreign tax residents to benefit from favorable tax treatment on their global income by transferring their tax residency to Greece.

Eligibility criteria include:
  • Being a foreign tax resident.
  • Not having been a Greek tax resident in seven of the last eight years before applying.
  • Making a minimum investment of €500,000 in real estate, businesses, or securities in Greece.

Under this system, eligible individuals can:
  • Pay a flat tax of €100,000 per year on their global income, regardless of the amount.
  • Extend this benefit to family members for an additional €20,000 per person per year.
  • Be exempt from inheritance and donation taxes on assets outside Greece.

The application process involves:
  • Submitting an application to the Greek tax authorities by March 31 of the relevant tax year.
  • Providing necessary documentation, including proof of foreign tax residency and details of the investment.
  • Awaiting approval from the Greek tax authorities.

The alternative taxation status is valid for a period of 15 years, provided the annual flat tax is paid and the investment is maintained.

Yes, you can work in Greece. However, the alternative taxation applies only to global income. Income earned within Greece will be taxed under the regular Greek tax regime.

Qualifying investments include:
  • Real estate purchases or leases.
  • Shares in Greek companies.
  • Bonds or securities issued by Greek entities.

Failure to pay the flat tax by the specified deadline may result in losing the benefits of the alternative taxation system and being taxed under the regular Greek tax regime.

Yes, the Greek tax authorities can revoke the alternative taxation status if the eligibility criteria are no longer met or if there is non-compliance with the tax obligations.

Yes, you can extend the benefits to your spouse and dependent children for an additional flat tax of €20,000 per person per year.

The alternative taxation status itself does not grant travel rights. However, if you obtain residency through other programs like the Greek Golden Visa, you can travel freely within the Schengen Zone.

No, the €100,000 flat tax covers all types of global income, including dividends, interest, and capital gains.

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Greece offers a range of alternative taxation methods designed to attract individuals to transfer their tax residence to the country.