Greece is a lovely nation distinguished by its rich history, breathtaking scenery, and friendly environment. Moving to Greece appeals to many people from all around for its quality of living and financial possibilities. Getting tax residence under the Golden Visa program is one of the most appealing choices available to anyone wishing to settle in Greece. Along with residency, this program gives major tax savings. The greece investment visa is a great option for you should you intend to settle in Greece.
What is Greek tax residency?
Your tax due on income depends on your tax residency in Greece. You are regarded as tax resident if you spend more than 183 days in Greece over a year. Non-residents are taxed just on their Greek income; tax residents must pay taxes on their worldwide income. Greece is a desirable place for retirees and investors, nevertheless, because it provides certain tax benefits for new residents.
The Golden Visa Program’s advantages
The Golden Visa program lets non-EU nationals make a real estate investment to get a Greek residency permit. Not having to live in Greece full-time to keep your residence is one of the key benefits of this arrangement. Greek residency and its tax advantages can so be enjoyed while still residing abroad. Furthermore providing tremendous flexibility for visitors, the Golden Visa provides visa-free transit inside the Schengen Zone.
Golden Visa Holders’ Tax Benefits
Greece offers many tax benefits to those who use the Golden Visa and start tax residency. For pensioners and high-net-worth persons, the nation provides a good tax schedule with a flat tax on overseas income. Greece also appeals to foreign investors since it does not levy gift taxes, inheritance, or wealth taxes on foreign assets. Tax residency in Greece will help you greatly lower your tax load and yet provide a great quality of living.
The Golden Visa Application Process
Applying for the Golden Visa in Greece is really easy. Investing in real estate compliant with program criteria comes first. You have to send your application together with the required paperwork after making the investment. Approved, you get a five-year residency permit valid for renewal as long as you keep your investment. Including your family members on the application will help them to take advantage of Greek residency.
For those pursuing tax residency under the Golden Visa program, Greece presents a great possibility. Both retirees and investors would find this program perfect with its appealing tax incentives, great lifestyle, and visa-free travel advantages. The greece investment visa is a wise option if you want European residence and tax benefits.