Tax Optimization for Golden Visa Holders in Greece

Beyond the lifestyle and mobility benefits, Greece offers compelling tax incentives for high-net-worth individuals relocating to the country. The cornerstone of this strategy is the Non-Domiciled (Non-Dom) tax regime, introduced to attract foreign wealth and talent.

The Non-Dom Regime Explained

Under the Non-Dom program, individuals who transfer their tax residence to Greece can pay a flat annual tax of €100,000 on their global income, regardless of the amount earned abroad. This status is valid for up to 15 years. To qualify, the individual must not have been a Greek tax resident for the previous seven out of eight years and must invest at least €500,000 in Greek real estate or businesses (which aligns perfectly with the Golden Visa requirements).

Family Provisions

The regime also extends to family members. Relatives can be added to the Non-Dom status for an additional flat tax of €20,000 per person per year. Furthermore, any foreign-sourced income is exempt from Greek inheritance and donation taxes, providing a highly efficient wealth transfer mechanism.

Structuring Your Investment

Proper structuring is essential to maximize these benefits. It is crucial to engage with specialized tax advisors before finalizing the property purchase or transferring tax residency to ensure compliance and optimal financial outcomes.