Greece Offers 50% Reduction In Income Tax Rates

Greece Offers 50% Reduction In Income Taxes

It is widely known that brain drain is the worst threat to a country’s prosperity. The Greek government announced legislative initiative to reverse this phenomenon, to attract foreign investment and to invite foreign nationals to settle and work in Greece. The legislative initiatives also provide for a 50% reduction in income tax for the next 7 years, either if the job is transferred to Greece or if the interested individuals settle as self-employed or even as employees in another professional employment in Greece.

It is well known that financial motivation alone is never enough to decide upon one’s return to a country or even to move to another employer.  The excellent lifestyle, the mild climate along with the working conditions (since white collar personnel can work remotely) play a vital role in such decision making. Moreover, with the crisis now behind Greece and the long-term prospects in front of the country accompanied with political stability, will eventually result in an effective state and an economy that can offer more employment opportunities. Greece is one of the safest countries in the world for the expatriate and his family.

In Eurofast, having vast experience in promoting such incentives, attracting physical persons with a high net worth in numerous countries, we believe that Greece currently presents the boldest alternative to these individuals. We should never forget that Greece is a Schengen-zone country therefore an individual from a non-Schengen country automatically receives access to the Schengen zone as well (For example, the UK, the USA, the Arab World, the CIS countries)

Eurofast is a regional business advisory organisation employing local advisors in over 23 cities in South East Europe & Middle East (SEEME). The Organisation is uniquely positioned as one stop shop for investors and companies looking for professional services in South East Europe & Middle East.

For further information please contact: Chris Lakis Damionou


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2 comments on “Greece Offers 50% Reduction In Income Tax Rates

  • I’m impressed, I must say. Seldom do I come across a blog that’s both educative and interesting, and without a doubt, you have hit the nail on the head. The problem is an issue that not enough folks are speaking intelligently about. Now i’m very happy I stumbled across this during my hunt for something regarding this.

    • TaxConnections Admin

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