Greek Golden Visa and HNWI Lump Sum Tax Program

The Greek government has now implemented the best golden visa option in Europe that leads to a residence permit in the EU by acquiring property in Greece, as well as to the acquisition of Greek Citizenship on the premises that the provisions of the law are met. It can also lead to lump sum worldwide tax arrangement for the HNWI and VHNWI. Do not hesitate to contact us at md@swissfintechpro.com or connect@fintechsetup.com for more information.

Remark: The Greek Golden Visa and Lump Sum Tax Program are two  programs independent of each other – you can apply for Greek Golden Visa program only but not into the Lump Sum Tax Program or Vice Versa into the Lump Sum Program without applying for the Golden Visa Program or you can also do both

I. Breakdown of Greek Golden Visa Program benefits:

• Visa-free and unlimited travel to all Schengen
• area countries
• Affordable programme
• Easy application procedures
• Access to the same public health and education as Greek Citizens
• Subject to obeying the law, investors can renew their residence permits as often as they wish
• Investors can bring their spouse, children below 21 years of age, parents and parents of the spouse
• Safe country and good climate
• World famous holiday destination

Citizenship

• On the premises that the provisions of the law are met, the applicant can obtain also the Greek Citizenship or other types of Greek, multiannual staying permits.

Lump-Sum Taxation Scheme for HNWI or VNHWI

• May lead to Lump Sum Taxation Agreement @ €100,000 annually on worldwide income for a period of 15 years for HNWI or VHNWI individuals who transfer their tax residence in Greece.

1. Real Estate Investment Option
2. €250,000 investment in real estate property: The residency permit is granted for five (5) years and it is renewable for as long as the property remains in the possession of the initial owner. The Greece Residency Permit, allows the investor and their direct family, to live, study and work in Greece and other EU member countries provided they meet the necessary requirements.

 As you will need a place of residence in Greece for the duration of the residency this option is the one that makes the most sense

 III. Further investment options available under the Golden Visa program

2. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a company headquartered or established in Greece, except for Holding Companies and Real Estate Investment Companies, for the acquisition of stock in a capital stock increase or bonds upon the issuance of a bond loan, which are listed for trading in regulated markets or multilateral trading facilities operating in Greece.
3. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Real Estate Investment Company (REIC) under article 21 of Law 2778/1999 (OJHR A-295), whose object is to invest exclusively in Greece, for the acquisition of stock in an increase of its capital stock.
4. Capital contribution, amounting to at least four hundred thousand (400,000) euros, to a Venture Capital Company (VCC) under article 5 of Law 2367/1995 (OJHR A-261) for the acquisition of stock, or capital contribution to a Venture Capital Fund (VCF) under article 7 of Law 2992/2002 (OJHR A-54) for the acquisition of stock, provided that the object of the said Alternative Investment Funds (AIF) is to invest exclusively in companies headquartered or established in Greece.
5. Purchase of Greek Treasury bonds, with an acquisition value of at least four hundred thousand (400,000) euros and a residual duration, at the time of purchase, at least three (3) years, through a credit institution established in Greece, which is also their custodian.
6. Term deposit of at least four hundred thousand (400,000) euros, in a domestic credit institution, for at least one year, with a standing renewal order.
7. Purchase of shares, corporate bonds, or Greek Treasury bonds, which are listed for trading or traded in regulated markets or multilateral trading facilities operating in Greece, of an acquisition value of at least eight hundred thousand (800,000) euro.

IV LUMP SUM TAXATION AGREEMENT FOR HNWI or VHNWI

Pursuant to Greek Income Tax Code (Law 4172/2014), as amended, Greek tax authorities are competent to examine the applications of the individuals, who are interested in becoming Lump Sum Greek tax residents.

Features of the Lump Sum Taxation status

The new article 5A of the Greek Income Tax Code (Law 4172/2014), as amended, introduces a

• Flat tax rate of €100,000 annually on worldwide income; income arising outside the country, irrespective of its sum, and be discharged of any tax liability for this year
• For a period of 15 years for individuals who transfer their tax residence in Greece;
• This status is also applicable to relatives of a Lump Sum Greek tax resident, on the premises that the latter pays an extra tax of 20.000€ per individual
• The 15 years agreement can be terminated in only 2 cases. in case the Lump Sum tax residents fail to fulfil their obligations or apply for revocation.

Conditions of Lump Sum Tax Agreement

• Applicant should not be a Greek tax resident for the past 7 out of 8 years, prior to the transfer of tax residence in Greece and
• Applicants who have transferred their Tax Residence in Greece a year before the entry in force of the above law provision, are eligible to apply for the Lump Sum Resident Status; AND
• The applications should be filed until 31st March of each year and tax authorities have to accept or to decline them within 60 days.
• If the application is accepted, the applicant is considered as a Lump Sum Greek tax resident by the year he/she first filed the application and has to pay the tax (100.000 €) within 30 days from the acceptance of the application.

Investment Condition for Lump Sum Agreement

• Applicant has to invest in Greece an amount of 500.000 € minimum. The investment could take different forms (e.g. investment in real estate or business etc., as an individual or through a legal entity, established in Greece) and it should be completed within 3 years, starting from the application date. OR
• It is highlighted that an individual, who obtains a permit for investment activity, pursuant to Law 4251/2014 (Golden Visa Program), is not obliged to prove that the above-mentioned investment took place.

V. Fees Schedule

Our fees schedule to handle all processes are as follows

 Do not hesitate to contact us for more information: Whatsapp + 41787983770