Relocated Employees, you can save 50% on Your Employment Income

Relocate to Greece and Benefit from Favorable Tax Incentives for Employees and Self-Employed Professionals

What is the Expat Regime?

The Special Tax Regime for Relocated Employees is designed to attract skilled professionals to Greece by offering significant tax advantages. If you qualify, you can benefit from an exemption of 50% of your income from employment or self-employment in Greece for up to 7 years.

This incentive allows you to keep more of your earnings, making Greece an even more attractive place to live and work.

Who Is Eligible for the Greek Expat Regime?

To qualify for the Expat Tax Regime, the following criteria must be cumulatively met:

1. Non-Greek Tax Residence: the individual must have been a non-Greek tax resident for 5 out of the last 6 years preceding the application.
2. Transfer from Eligible Countries: the individual must transfer their tax residence from an EU or EEA Member State or a country with which Greece has a valid administrative cooperation agreement on tax issues.
3. Employment or Self-Employment in Greece: the individual must be employed by a Greek company or a permanent establishment of a foreign company in Greece or be self-employed.
4. Declaration of Residence: the individual must formally declare that they intend to reside in Greece for at least 2 years.

Tax Incentives for Relocated Employees

Key Tax Benefits:

• 50% Tax Exemption: You’ll enjoy a 50% income tax exemption on employment income or income from business activities earned in Greece during the tax year.
• Taxation of Other Income: All other income is taxed according to Greece’s national tax rates.

Key Dates and Duration

To apply for the Special Tax Regime, you must adhere to the following deadlines based on when you start working in Greece:

For Individuals Who Started Working on or Before July 2nd of a given year:

• Application Deadline: You can submit your application by December 31st of the same year.
• What Happens After Submission: Your application will be considered for inclusion in the regime for that same year.

For Individuals Who Start Working After July 2nd:

• Application Deadline: You can apply until December 31st of the following year.
• What Happens After Submission: Your application will be considered for inclusion in the regime for the year after you commence your work or business activity in Greece.
• You can benefit from the alternative tax regime for a maximum of seven (7) years to benefit from the first year of inclusion.