Read moreThe individual(s) must not have been Greek tax resident(s) for 7 of the past 8 years.
They, or an entity (they must prove) they control has to make a direct investment in Greece, of over €500.000, within the next 3 years. Investment can be in real estate, shares and other assets.
When the application is approved, the individual is taxed with a flat rate of €100.000 per annum, for all their overseas income. Any family members, excluding children (automatically included) can also apply for an added tax of €20.000/annum.
The Greek tax resident regime will last for the next 15 years. Any foreign countries where the individual is currently a tax resident will be notified accordingly.
Applications are accepted until the 31st of March for each tax year. The tax must be paid on the last work day of July at the latest.
All inheritance and related taxes are cancelled for “NON-DOM” individuals for all their world assets.
The above does not apply for income gained in Greece (e.g. rent etc). .