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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 ceo@eurofast.eu

 

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

  1. Avatar Mark Hooks says:

    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 TaxConnections Admin says:

      Mark,
      Thank you sincerely for your kind words. Especially so, since we have never met or spoken before this moment. The mission of http://www.taxconnections.com is connecting tax professionals to tax professionals; and connecting taxpayers to tax professionals nationally and internationally. We also educate taxpayers around the world on tax issues in a language they can understand through our tax blogs written by our Members. With tax authorities in multiple government jurisdictions looking to increase tax revenue, everyone needs as much help as they can get on tax issues. Tax increases are here and we exist to help our visitors make great connections to tax experts who help them!

      We encourage all tax professionals to join us as a TaxConnections Member as we make it easier for taxpayers to find your services and expertise.

      Your Kind Words Make Our Day,
      Kat Jennings, CEO TaxConnections

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