28 May 2026

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Digital Nomad Visa vs. 5C Tax Regime

Interaction Between a Tax Incentive and an Immigration Route in Greece Greece has emerged as an attractive destination for internationally mobile professionals, offering both immigration pathways for remote workers and favourable tax incentives for new tax residents. Among the most discussed frameworks are the Digital Nomad Visa and the 5C tax regime. Although both regimes target individuals relocating to Greece, they are designed for fundamentally different categories of taxpayers and professionals. Their interaction may create practical and legal conflicts that should be carefully assessed before relocation. The Digital Nomad Visa (Residence Permit “Z.1”) The Greek Digital Nomad framework applies exclusively to third-country nationals (non-EU...

28 May 2026

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Tax Treatment in Greece of Directors’ Fees Received from a Lithuanian Company

Posted by Angeliki Spyridon

in Tax Law, Special topics

Directors’ fees received by a Greek tax resident from participation on the board of directors of a Lithuanian company raise important cross-border tax considerations, both under the Double Tax Treaty (“DTT”) between Greece and Lithuania and under Greek domestic tax law. The analysis below assumes that the remuneration constitutes directors’ fees paid in consideration for duties performed in the capacity of a board member of the Lithuanian company, and that such remuneration does not relate to employment services or dividend distributions. Double Tax Treaty Between Greece and Lithuania The taxation of directors’ fees is governed by Article 16 of the DTT between Greece...

29 Apr 2026

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Criteria for Selecting Employees for Layoff for Economic and Operational Reasons

Posted by Niki Plyta

in Labor & Employment, Special topics

[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...

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