Non Dom

The “Non-Dom” tax status was established in Greece based on Article 5 of Law 4172/2013. It has been in effect since the 2020 tax year and is available to any individual who wishes to have Greece as their tax residence.

The “Non-domiciled” (“Non-resident”) status applies to individuals who, although not residing in Greece, can transfer their tax residence to the country and be subject to an alternative method of taxation for their income generated abroad.

This regime aims to make Greece a magnet for millionaires, affluent individuals, or those with very high net worth, by offering an attractive tax rate. The ultimate goal is to achieve significant tax and developmental benefits. In essence, “Non-Dom” stipulates that the investor will pay a fixed tax per tax year, regardless of the total income derived from abroad, and without the obligation to declare foreign income in Greece.

The new “special tax resident” status has made Greece competitive for major foreign investors and enticing for attracting substantial capital. However, its structure requires targeted tax actions and thorough compliance checks of investment obligations by specialised financial consultans.

TZIGKOS|BANTRAS develops a comprehensive tax plan according to the specific needs of each individual. Our specialised staff designs the optimal tax strategy and offers top-level comprehensive tax consultancy services to ensure that individuals reap the maximum benefits as “non-resident” taxpayers in Greece.

Services offered by TZIGKOS|BANTRAS:

• Assessment of existing tax structure

Types of non-dom services:

TYPE 5A – Attracting major investors

TYPE 5B – Attracting foreign retirees

TYPE 5C – Attracting foreign employees and self-employed individuals or Greeks residing abroad

• Tax support based on the maximum allowable leverage of the current tax legislation.
• Specialist advice on tax matters related to the specific activities of the individual.