29 Apr 2026

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Criteria for Selecting Employees for Layoff for Economic and Operational Reasons

[vc_row triangle_shape="no"][vc_column][vc_column_text css=""]The present memo summarizes the basic criteria and procedures that a company must follow when selecting employees for dismissal for economic and technical reasons, in order to ensure the legality of the decision and reduce the risk of invalidity due to abuse. Fundamental Principles - Dismissal is a last resort (ultima ratio). - The selection of an employee must be based on objective and comparable criteria. - The decision must serve a genuine business purpose and not personal motives. - The process must be documented and verifiable. Prerequisites before selecting an employee to be laid off The company must ensure that: There are genuine economic and...

07 Apr 2026

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Taxation of withdrawals made by a Greek tax resident from a Self-Invested Personal Pension (SIPP) in the United Kingdom

Posted by Angeliki Spyridon

in Tax Law, Special topics

According to Articles 12(1) and (3), 14(1) and 15(4a) and (4b) of the Greek Income Tax Code: Gross income from employment and pensions includes all types of income in cash or in kind acquired in the context of an existing, past or future employment relationship. The following are considered gross income from pensions: pensions granted by the main and supplementary compulsory insurance institutions, as well as by professional funds established by law, and insurance paid as a lump sum or in the form of periodic benefits under group pension insurance contracts any other benefit received in respect of a past employment relationship. Taxable...

30 Mar 2026

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Inheritance – Taxation of assets belonging to Greek citizens located in Greece and the United States

Posted by Angeliki Spyridon

in Tax Law, Special topics

According to Article 3 of the Code of Provisions on Inheritance Tax, Gifts, Parental Benefits and Winnings from Games of Chance (Law 2961/2001 - hereinafter referred to as the "Code"), inheritance tax in Greece is levied on: Any property of any kind located in Greece, whether owned by Greek nationals or foreigners. Tangible or intangible movable property located abroad belonging to Greek nationals residing anywhere, as well as to foreign nationals residing in Greece. With regard to the Convention between Greece and the USA (Legislative Decree 2734/1953, Government Gazette A' 329/12.11.1953 – hereinafter "DTT") for the avoidance of double taxation in...

30 Mar 2026

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Taxation of director’s remuneration received by a Greek tax resident from the United Kingdom

Posted by Angeliki Spyridon

in Tax Law, Special topics

According to Articles 3, 5 and 15 of the Income Tax Code, natural persons who are tax residents in Greece are subject to tax on their taxable income derived from both Greece and abroad, i.e. on their worldwide income earned in a tax year. Income arising abroad is defined as any income that does not arise in Greece. Income from employment is considered to be of Greek origin when it is earned in Greece and of foreign origin when it is earned abroad. Income from employment is taxed in Greece according to the following scale: Income (€) ...

30 Mar 2026

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Taxation of dividends received by a Greek tax resident from the United Kingdom

Posted by Angeliki Spyridon

in Tax Law, Special topics

According to the general rules of Greek law, based on Articles 9, 36 and 40 of the Income Tax Code: If, during the tax year, a taxpayer – natural person who is a tax resident in Greece – earns income abroad, the income tax payable by that taxpayer in respect of that income is reduced by the amount of tax paid abroad on that income. The payment of the tax abroad is proven by the relevant supporting documents. The reduction in income tax provided for may not exceed the amount of tax corresponding to this income in Greece. The term "dividends"...

06 Feb 2026

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Heirs’ Legalization in Greek Banks: Required Supporting Documents

Posted by Niki Plyta

in Civil Law, Special topics

[vc_row triangle_shape="no"][vc_column][vc_column_text css=""] Based on our experience, we have compiled a list of the supporting documents that are usually required by Greek banking institutions for the identification and legalization of natural persons acting as heirs. General Supporting Documents: Special Power of Attorney for heirs residing abroad (in accordance with the form required by the relevant bank); Application for identification/legalization (provided by the relevant bank) police identity card or passport of the heirs; Tax Identification Number (TIN – AFM) of the heirs; Death Certificate of the account holder or holder of negotiable instruments; Certificate of next of kin; Certificate issued by the Court...

30 Jan 2026

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Insights – Tax issues faced by foreign persons investing in Greek commercial real estate Vol. 12 No. 5/ 2025

Posted by Angeliki Spyridon

in Tax Law, Special topics

[vc_row triangle_shape="no"][vc_column][vc_column_text css=""] Greece’s diverse real estate market has become an increasingly attractive destination for foreign investment. The Mediterranean climate, rich cultural history, and growing economy make the country particularly appealing to investors looking for residential and commercial properties. Greece’s investment landscape is further enhanced by favorable tax incentives, such as the non-dom tax regime, the tax regime for pensioners, the tax regime for employees and, freelancers, the family office regime, and the Golden Visa program. This article provides a comprehensive overview of the tax landscape for foreign investors, investing in Greek commercial real estate. Outlining the key tax considerations at...

28 Jan 2026

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Certificate of registration for EU citizens residing in Greece

Posted by Niki Plyta

in Immigration Law, Special topics

[vc_row triangle_shape="no"][vc_column][vc_column_text css=""] In order to complete the process of issuing a certificate of registration to an EU citizen residing in Greece as an financially inactive person, the following supporting documents must be submitted to verify the identity, address, financial situation, and insurance coverage of the applicant: Required supporting documents Photographs: Three (3) color photographs measuring 4 x 4 cm. Proof of address: For example: rental agreement, title deed, utility bills, tax clearance certificate, or other official document stating the applicant's residential address in Greece. This proof is used to determine the territorial jurisdiction of the competent police station and to correctly record...

23 Jan 2026

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Combined investment for both Golden Visa and Non-dom purposes

Posted by Angeliki Spyridon

in Immigration Law, Special topics

[vc_row triangle_shape="no"][vc_column][vc_column_text css=""] The investments that qualify for both the Greek Non-Dom Tax Regime and the Golden Visa Program are those that meet the minimum thresholds and conditions of each program. Based on current regulations: Eligible for Both Programs Greek Government Bonds (for both GV and non-dom purposes) Minimum value: €500,000 The Greek Government bonds must have a remaining maturity at the time of purchase of at least three (3) years and must be purchased through a credit institution established in Greece which is also acting as custodian of these bonds. Real Estate Investment For Golden Visa: €800,000 in prime areas (Attica,...

21 Jan 2026

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5C Tax Regime – Special regime of taxation for income from employment and business activity earned in Greece by individuals who transfer their tax residence to Greece

Posted by Niki Plyta

in Tax Law, Special topics

[vc_row triangle_shape="no"][vc_column][vc_column_text css=""] Article 5C of Law 4172/2013 - Income Tax Code (“ITC”) provides for a special tax regime for income from employment and business activity earned in Greece by individuals who transfer their tax residence to Greece. Special regime of taxation The individual who will be subject to the 5C tax regime shall be exempt from income tax and special solidarity contribution of article 43A (for the tax years that was in effect) for 50% of the income from employment and business activity earned in Greece within the tax year, for a maximum period of seven (7) consecutive tax years. Moreover, the individual...

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