NON-DOM GREEK TAX REGIME
The Non-Dom Greek Tax Regime is a tax incentive introduced by Greece to attract high-net-worth individuals (HNWIs) and other foreign nationals seeking to establish their tax residency in the country. This regime offers significant tax advantages by imposing a flat tax of 100,000 euros per year on foreign income, regardless of the amount earned. It is designed to appeal to individuals who are not Greek tax residents for at least seven out of the last eight years and wish to benefit from Greece's favorable tax laws while living in the country.
To qualify for the Non-Dom regime, individuals must be non-Greek tax residents who have not been considered tax residents in Greece for at least seven out of the last eight years. The regime is aimed at attracting foreigners who do not earn income from Greek sources but wish to enjoy the benefits of living in Greece.
Under the Non-Dom regime, eligible individuals are required to pay a flat tax of 100,000 euros per year on their foreign income. This tax amount is fixed, regardless of the total income earned outside of Greece. Income derived from Greek sources will still be subject to Greece's standard tax rates.
The Non-Dom regime applies to foreign income, such as earnings from investments, capital gains, and income from foreign businesses. Greek-source income, such as income from Greek property or business activities, will be taxed at standard rates in Greece.
The Non-Dom tax regime allows individuals to benefit from the 100,000 euro flat tax for a period of up to 15 years, provided they continue to meet the eligibility criteria and maintain their residency in Greece.
Family members of the individual benefiting from the Non-Dom regime, including a spouse and minor children, may also apply for the same flat tax rate under certain conditions.
The Non-Dom regime offers a significant tax reduction compared to the higher tax rates in many other countries. It allows individuals to enjoy a lower overall tax burden, access to Greece's high quality of life, and the ability to live and work in a country with a favorable climate and lifestyle.
To activate the Non-Dom regime, individuals must become tax residents in Greece by residing in the country for at least 183 days per year. They must also apply to the Greek tax authorities and complete all necessary formalities, including reporting foreign income.
In addition to the tax incentives, individuals may also qualify for other residency programs, such as the Golden Visa or Permanent Residency, by meeting investment requirements, such as investing in real estate.
Contact us.
Your details are safe and protected with us.