By
Savvas Savvaidis
President & CEOGreece, a country steeped in history and blessed with natural beauty, is experiencing a remarkable economic resurgence, hailed according to the Economist as the “global economic country of the year” in 2024. This revitalized economy, combined with the allure of a luxurious Mediterranean lifestyle and the attractive Non-Dom Tax Regime, makes Greece an irresistible choice for those seeking a new chapter abroad.
What is the Greek Non-Dom Program?
The Greek Non-Dom program, or the Alternative Tax Residence for Individuals, is a unique tax structure designed to entice foreign nationals to make Greece their home.
Key Benefits:
– Flat Tax on Foreign Income: A flat annual tax of €100,000 on all foreign-sourced income, regardless of the amount.
– Family Inclusion: An extension of the benefits to the family members the spouse and and dependent children for an additional €20,000 per adult per year.
– No Inheritance or Gift Tax: Exemption from inheritance and gift tax on assets located outside Greece. This significant benefit allows non-doms to pass on or receive foreign assets without incurring tax liabilities in Greece, offering substantial advantages for wealth preservation and estate planning.
– 15 Year Duration: Enjoy the benefits for up to 15 years, with the option to terminate earlier.
– Golden Visa: By investing €500,000 in Greece through the Non-Dom Program, you and your family become eligible for the Greek Golden Visa Program, which allows you visa-free travel throughout the 27 countries within the Schengen Area.
Who Qualifies?
To be eligible, you must not have been a Greek tax resident for 7 out of the 8 years prior to your application and make a minimum investment of €500,000 in Greek real estate, businesses, securities, or shares. Recent amendments have streamlined the application process, making it even easier to make Greece your new home.
Greece’s economic resurgence has transformed it into a prime destination for Ultra High Net Worth Individuals, particularly in the Athens Southern Suburbs. The region offers a unique blend of lifestyle and business advantages: a waterfront capital with year-round sun, easy access to the Greek islands, world-class private healthcare system, international schools, a strategic time zone bridging East and West, and a growing economy. This combination, coupled with a rich cultural heritage and deep connections for those with Greek roots, makes Greece an ideal haven for those seeking a thriving European base.
Athens, an attractive homebase
Athens presents a wealth of real estate opportunities for those seeking a home base in this vibrant city. Options range from luxurious new developments like the recently launched Apollo Hills Project on the Athens Riviera to a diverse selection of apartments and houses dotted along the stunning coastline.
Prestigious neighborhoods like Psychiko and Filothei, just minutes from the heart of Athens, offer a serene escape immersed in lush greenery. These sought-after residential enclaves provide an ideal haven for those seeking a tranquil and upscale lifestyle, while still enjoying convenient access to the city’s vibrant cultural and commercial center.
Athens offers a unique blend of lifestyle and business advantages: a waterfront capital with year-round sun, easy access to the Greek islands, world-class healthcare system, international schools and universities, a vibrant cultural lifestyle, a strategic time zone bridging East and West, and a growing economy. This combination, coupled with a rich cultural heritage and deep connections for those with Greek roots, makes Greece an ideal haven for those seeking a thriving European hub.
Contact us today to learn more about the Greek Non-Dom program and embark on a journey to discover your dream home in this Mediterranean paradise. Let us help you create a life of beauty, comfort, and endless possibilities in the heart of Greece.