Non-Domicile (Non-Dom) Regime in Greece
Non-Dom for Pensioners: 7% Flat Tax Rate
Eligibility Criteria:
Must have been a non-Greek tax resident for 5 out of the last 6 years.
Must be a tax resident of a country with an existing administrative cooperation agreement with Greece.
Must receive non-domestic income from a pension.
Non-EU citizens must apply for a residency visa, like the Golden Visa.
Requirements:
Spend more than 183 days a year in Greece to maintain Greek tax residency.
Apply by March 31 of any calendar year.
Duration:
The regime lasts up to 15 years but can be terminated if conditions are not met.
Non-Dom for Investors: €100,000 Flat Tax Rate
Eligibility Criteria:
Must not have been a Greek tax resident for 7 out of the last 8 years.
Must invest a minimum of €500,000 in Greece within 3 years, in areas like real estate or businesses.
Special Provisions:
Individuals with an investment permit under the Golden Visa Program are exempt from proving additional investments.-Dom Regime for Pensioners
Key Points:
Tax Rate: Pensioners can benefit from a flat tax rate of 7% on their foreign-sourced pension income.
Eligibility:
Must have been a non-Greek tax resident for at least 5 of the last 6 years.
Must be a tax resident of a country with an administrative tax cooperation agreement with Greece.
Must receive income from a foreign pension.
Non-EU citizens must also apply for a residency permit, such as a Golden Visa.
Residency Requirement: Must spend more than 183 days in Greece per year to maintain tax residency.
Duration: The regime is valid for up to 15 years, with the option to terminate earlier if obligations are not met or by request.
Application Deadline: Applications must be submitted by March 31st of the desired tax year.
Non-Dom Regime for Investors
Key Points:
Flat Tax Rate: Investors pay a flat tax of €100,000 per year on worldwide income for 15 years.
Eligibility:
Must not have been a Greek tax resident for 7 out of the last 8 years.
Must invest a minimum of €500,000 in Greece, in areas such as real estate or business. The investment can be made by the applicant, a relative, or a legal entity.
Investment must be completed within 3 years from the application date.
Exemptions:
Those with a Golden Visa do not need to prove the €500,000 investment.
Individuals who moved their tax residence to Greece a year before the law’s enactment can also apply.
Both regimes are designed to attract foreign capital and residents by offering a simplified tax structure. It’s essential to plan carefully, ensuring all legal and financial requirements are met to fully benefit from these opportunities.
