Tax Incentives for New Residents
Greece Tax Incentives for New Residents
Compare Greece’s three tax incentives for new residents: the investor flat-tax regime, the 7% pension tax, and 50% tax relief for employees and entrepreneurs moving to Greece.
Why Greece?
Greece offers some of Europe's most competitive tax incentives for professionals, investors, and retirees from abroad. Together with the climate, the culture, and a reasonable cost of living, they are one more reason to move here.
Maximum duration
To choose from
Investment needed for 50% tax relief
Three Tax Incentives at a Glance
Each option fits a different type of move to Greece. Here is how they compare.
Investors and high-net-worth individuals
Fixed annual tax on qualifying foreign income + €20,000 per family member
Best suited to people moving to Greece who want a predictable tax bill on foreign income.
Foreign pension recipients
7% flat tax on all foreign-source income
No minimum investment. Covers pensions, dividends, rental income, and other foreign-source earnings.
Employees, entrepreneurs, and freelancers
50% tax relief on employment & business income
The most accessible option. No investment is required for qualifying workers and business owners.
Try the 50% Tax Relief CalculatorA Fixed Annual Tax on Foreign Income
Article 5A allows qualifying individuals to pay a fixed annual tax of €100,000 on qualifying foreign income, regardless of how much they earn abroad. It is designed for investors and high-net-worth individuals who want tax certainty without the complexity of progressive rates.
To qualify, you must not have been a Greek tax resident for 7 of the previous 8 years, and you must invest at least €500,000 in Greek real estate, businesses, securities, or government bonds within three years of applying.
One of the most attractive features is the ability to extend coverage to family members at just €20,000 per person per year, so spouses and dependents can benefit from the same flat-tax treatment on qualifying foreign income.
Key Facts
Key Facts
7% Tax in Greece for Foreign Pensioners
Article 5B offers foreign pension recipients a flat 7% tax rate on all foreign-source income: not just pensions, but also investment income, rental income from abroad, and other foreign earnings. It is one of Europe's most favorable retiree tax regimes.
To qualify, you must transfer your tax residency from a country that has either a double taxation treaty or an administrative cooperation agreement with Greece. You must also not have been a Greek tax resident for 5 of the previous 6 years.
There is no minimum investment requirement, making this regime especially attractive for retirees who want to enjoy the Greek lifestyle without a large upfront financial commitment.
50% Tax Relief for Employees & Entrepreneurs
Article 5C grants 50% tax relief on employment and business income. If you are relocating to Greece for a new job or to start a business, you effectively pay tax on only half your qualifying income for seven years.
Eligibility requires that you were not a Greek tax resident for 5 of the previous 6 years before transferring your residency. You must also be employed by a Greek entity or operate a business in Greece.
This is the most accessible of the three regimes, as no investment is needed. It suits people employed by a Greek company or by a Greek permanent establishment of a foreign company, and entrepreneurs starting a business in Greece. Digital Nomad Visa holders working for a foreign employer usually do not qualify.
Key Facts
Which Regime Is Right for You?
Start by answering one question. Our team then looks at your situation and recommends what fits.
Are you a retiree receiving a foreign pension?
7% flat tax on all foreign-source income: pensions, investments, and rental.
Are you a high-net-worth individual planning to invest €500,000 or more?
A fixed annual tax on qualifying foreign income, regardless of how much you earn abroad.
Are you an employee or entrepreneur relocating for work?
50% tax relief on employment and business income for 7 years.
Frequently Asked Questions
Find the Right Greek Tax Incentive
Tell us about your situation and we'll recommend the regime that fits you best. We reply within one business day.