Understanding Greece's tax system helps you optimise finances.
- A European Union member since 1981 and part of the eurozone, Greece uses the euro (EUR).
- Greece belongs to the Schengen Area, allowing free movement across much of Europe.
- Its coastline stretches about 13,600 km, among the longest in the world.
Public transport in Athens includes a convenient metro, buses and trams.
Fresh food, sunny weather and a relaxed pace are big pluses.
Personal income tax
The Vietnamese community is small but present in Athens.
Opening a bank account requires a passport, tax number and residence documents.
Summers can be very hot, so choose a home with air-conditioning and near the sea if possible.
Business and capital tax
As an EU and eurozone member, Greece accesses the European single market.
Labour costs are more competitive than in Western Europe, appealing to some investors.
Renewable energy and technology are emerging growth areas.
Breaks for newcomers
When buying, budget for transfer tax, notary and legal fees on top of the purchase price.
- Greece runs a Golden Visa programme granting residence to real-estate investors.
- Since August 2024 the minimum investment rose to around EUR 800,000 in prime areas such as Athens, Thessaloniki, Mykonos and Santorini.
- In many other areas the threshold is roughly EUR 400,000, with lower tiers for certain heritage-restoration projects.
- The Golden Visa residence card is valid for five years and renews while the investment is held.
- The programme sets no minimum-stay requirement, which suits busy investors.
Banking and transfers
Rents outside central Athens are often softer than in many Western European cities.
The public health system (ESY) serves residents, though many add private insurance.
Residence holders must register a tax number (AFM) and a social-security number.
Need a tailored roadmap?
Viking Global Group walks with you from paperwork to settlement. Call +849.219.219.88 or email [email protected] for a free consultation.
Related articles
- Your first six months as a new resident of Greece
- A quick guide to Greece before starting your migration file
- Economy & Opportunity
Frequently Asked Questions
How high is income tax?
Reference income-tax rates are covered above.
Any tax breaks for newcomers?
Newcomer incentives are noted above.
Is opening a bank account hard?
Account and transfer steps are covered above.
Information is for reference and may change under the latest official policy. Please contact us for current regulations.
