Digital nomads who wish to work from Greece for at least two years, can save significant amounts, receiving from the Greek state an extremely large reduction in their taxation.
According to article no. 40 par. 1 of L.4758 / 2020, (Government Gazette A` 242 / 04.12.2020), the Greek government amended the existing tax framework for the establishment of foreign freelancers in Greece for the exercise of business activity.
According to no. 5 C of the Code of Tax Legislation (Law 4172/2013) persons who transfer their tax residence in Greece, in order to conduct individual business activity in Greece, have a tax deduction of 50% of what they would normally pay. At the same time, they are exempted from the solidarity contribution of no. 43A.
The 50% discount on taxation as well as on the solidarity contribution is valid for the next 7 years (No. 5C par. 7 law 4172/2013).
This action automatically brings Greece to the top of the destinations that provide significant tax incentives for relocation.
The process of joining the privileged program for digital nomads is not done automatically but an application is required to the competent authority.
It is expected that the administration will soon issue more instructions regarding the details of the accession, the necessary supporting documents as well as the start time for the submission of applications.