Practice Areas

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Conditions and procedure for the issuance of “digital nomads visa”

in Immigration Law, Special topics

[manual for implementation of immigration and social integration codes and related legislation - special cases of schengen visa– case B16 – “Digital nomads visa” - November 2021] According to what is provided in case ie’ of paragraph 1 of article 18 of Law 4251/2014, as amended and currently in force a national visa may be granted to third country nationals, who are self-employed, freelancers or employees, and work remotely using Information and Communication Technologies (ICT) whose employers or clients are located outside Greece (digital nomads). The visa is be granted following the appearance in person and an interview. This national visa...

24 Nov 2021

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Professional leisure yachts – VAT exemption for purchase/import

The Greek VAT legislation provides for a VAT exemption for the purchase/import of professional leisure yachts in Greece, provided of course that the specific conditions set out by the relevant VAT legislation (as well as by the applicable regulatory framework) are met. VAT legislation In specific, according to article 27 par. 1 case (a) subcase (aa) of the Greek VAT Code (L. 2859/2000), a VAT exemption is provided for the supply (purchase) and import of vessels that are intended to be used for navigation on the high seas and which carry passengers for reward or which are used for the purpose of...

24 Nov 2021

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Private use (self-use) of a professional leisure yacht by the UBO

- The professional leisure yacht needs to be registered with the Registry of yachts of L. 4256/2014. - The professional leisure yacht is used for commercial charters and may also be used privately by the UBO for his private needs. - This private use is allowed by the regulatory framework of L. 4256/2014 and does not change the character of the yacht as a professional leisure yacht. - For the time that the yacht is used privately by the UBO, the VAT and any excise duties on the costs of the yacht are not deductible (e.g. on fuels, repairs, other provisioning etc.) - The...

23 Nov 2021

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Procedure and supporting documentation for application to the Greek Non-Dom taxation regime (Article 5A of the Greek Income Tax Code)

Article 5A of Law 4172/2013, which applies from the 2020 tax year onwards, states that an individual who transfers their tax residence to Greece using this procedure can be subject to an alternative method of taxation for income generated abroad. An individual may join this scheme under the following conditions: if they were not tax resident in Greece in 7 of the 8 years prior to the transfer of their tax residence to Greece and they prove that they invest personally or a relative does so (meaning their spouse and relatives in the ascending or descending line) or they do so...

16 Nov 2021

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Sick Leave – basic provisions of Greek employment law

in Labor & Employment, Special topics

Regarding the basic provisions of Greek law concerning an employee's absence due to illness and the compensation of such absence, the following apply: An employee, in order to be eligible to compensation for sick leave must be employed for at least 10 days to the employer. Employees must notify their employers about their absence due to illness by any means and verify their condition by providing relevant medical documents. Employees can claim half salary in case they are employed for a period greater than 10 days and shorter than a year and one salary in case they are employed for...

15 Nov 2021

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Alternative taxation method for recipients of pension income who transfer their tax residency in Greece – procedure and documentation

Article 5B of Law 4172/2013 states that a natural person - retiree who transfers their tax residence to Greece is subject to an alternative taxation method for income generated abroad. More specifically, they pay a flat rate tax for each tax year at a rate of 7% for all income generated abroad, and no special solidarity levy is imposed under Article 43A of Law 4172/2013. In order to join this scheme, all the following conditions must be met: a) the applicant must not have been tax resident in Greece in 5 of the 6 years prior to the transfer of their...

21 Jul 2021

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Law 4808/2021 ( labor arrangements)

in Practice Areas, Labor & Employment, Special topics

On 19/6/2021 the new labor law voted in Parliament (law 4808/2021) which contains important regulations regarding labor rights with provisions concerning both Individual and Collective Labor Law. Initially, it ratified the 190/2019 contract of the International Labor Organization and incorporated it in the Greek legal order with articles 1 to 23 of the law. It is about adopting measures against violence and harassment in the workplace by expanding the scope of prohibited behaviors by introducing psychological violence (mobbing) by expanding the circle of protected persons as well. Many of the regulation is an adaptation of Greek law incorporating Directive (EU) especially the...

24 Jun 2021

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Greek tax residence for individuals and legal entities

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According to the provisions of article 4 par. 3 of the Greek Income Tax Code-L. 4172/2103 (hereinafter referred to as “ITC”), “a legal person or a legal entity is a tax resident of Greece for any tax year, provided that: a) it was established or founded in accordance with Greek law, b) has its registered seat in Greece, or c) the place of exercise of the effective management is in Greece at any time during the tax year.”....

01 Jun 2021

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Procedure, requirements and supporting documents for inclusion in the favourable tax scheme for digital nomads

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