Greece Offers Tax Breaks to Attract Digital Nomads

Updated: February 14, 2021

Note: The “Digital Nomad” visa in Greece is still in the idea phase. There is no legal framework for it as of early 2021. The Greek Government is working on establishing a 1-year travel visa for digital nomads, which will probably be applied online.  We will keep you posted as soon as there is any progress on the program.

The Greek government is attempting to boost the country’s economy by promising specific workers that half of their income will be tax-free.

Two clear truths here: taxes hurt and Greece is beautiful.  They may seem unrelated, but if you are a digital nomad looking for your next host country, bells may be ringing by now.

Alex Patelis, the chief economic adviser to the prime minister stated “Technology means we can now choose where we live and work”. Greece “can now offer tax incentives as well as the Sun.”

The center-right government in Greece helps boost the economy by luring workforce individuals and investments back into the country. The Greek government is keen on bringing back foreigners to turn around the country’s performance in the wake of the decade-long debt crisis which cost Greece about 25% of its economic output.

The New Tax Incentive for “work-from-anywhere” Individuals

The new tax initiative promises to only tax 50% of the income earned from those who are self-employed or newly employed in positions created in Greece in 2021.

Greece currently applies a tax rate of 44% for any earnings over €40,000. The new incentive will apply for a maximum of seven years for any worker who wants to move their tax base to Greece, regardless of their nationality or job type. The offer will also be valid to Greeks living abroad if they return to their home country.

The Reason Behind the Incentive

According to the European Commission, Greece faces a further 9% decline in the gross domestic product in 2020 due to COVID-19. The unemployment there is expected to reach around 18%, which is much less than the 30% levels seen at the peak of the economic crisis, yet still one of the highest numbers in Europe.

Greece Golden Visa

This is why the Greek government has been offering various incentives and programs to attract foreign investors and retirees. There is already a successful residence by investment program called Greece Golden Visa in the country. This program has attracted many investors to Greece by offering a permanent residence there in exchange for an investment in real estate. It has also started working on an initiative that offers flat tax rates for pensioners in an effort to lure pensioners into the country.

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Comments (8)

  • Really hope this process comes live in the next couple of months. We are going out to Crete, Greece in April with the hope to stay for up to a year.

    At the moment, the process to get a national d visa seems complicated and we are struggling to contact someone who can help with this.

    Thank you for the update, I’ll keep my eyes peeled.

    • Hello Mark, totally agreed. The government is on it, though it would be nice for them to speed up the process. Let us know when you move and we’d be happy to update you and connect you with a professional that can hopefully help you with this at that point. Best of luck!

    • If an individual is currently in Greece will they have to return to the States to apply for the Digital Nomad visa?

      • Hello Sharon, currently there is no “Digital Nomad Visa” in Greece. The government is working on it. We will only know the answer to your question once the program is officially declared.

  • We are having the same problem, there doesn’t appear to be anyone answering the phone at the Greek embassy in London. Longterm the Digital Nomad Visa sounds perfect for us.

  • Hi! How long will these visas last? I read somewhere about the tax being cut for the first 7 years of your digital nomad visa?! Will it be possible to stay longer then a year and eventually resident there?

  • Hello,
    I am not self employed. I work full time for a California based company as a career employee. Would the Digital Nomad Visa apply to me? I’m unclear if I would be taxed twice – US Fed/State taxes and then also Greek tax. Or, is that just for those who are independent contractors? Thanks!

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