5A
Two important requirements should be met for someone to become a Greek Non-Dom tax resident:
- The applicant should not have been a Greek tax resident for the past 7 out of 8 years before the Non-Dom Tax Regime application in Greece.
- The applicant should invest at least Euro 500.000 in real estate or financial investment products, or business and legal entities based in Greece. The investment should be completed within 3 years from the submission of the application of transfer.
The application needs to be submitted no later than the 31st March of each tax year.
The rate of ‘flat’ tax is Euro 100.000.
In case of extending the regime to any of the applicant’s relatives, the additional ‘flat’ tax equals Euro 20.000 per person per tax year.
The above amount must be paid one-off until the last working day of July for each tax year.
The duration of the respective tax regime expires in 15 years since the approval of the respective application and no further extension will be granted.
The applicant can request the revocation of his/her Greek tax regime by submitting the respective application and documentation until the 31st of March of the specific tax year for which the revocation is requested.