NON – DOM

NON DOM


Non-Domiciliary Residents regime for wealthy individuals according to Law 1036/2020 and related

NEW


PRIVILEGED TAX REGIME


For


non-domiciliary residents (“Non-Dom”)


in Greece

    With a new Law (1036/2020 and related), Greece has offered a new “NON-DOM” (non-domiciliary residents) regime for wealthy individuals wishing to be taxed in Greece for all their overseas income.
    Key Facts
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  • The 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). .
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    NON-DOM


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