Greece has emerged as an ideal investment and vacation destination for financially strong individuals and families. A key factor in this rise is the country’s two special tax regimes designed to attract investors and retirees. This article will provide detailed information about these tax regimes and analyze their impact on Vietnamese investors.

Special Tax Regime for Investors in Greece

To attract foreign investors, Greece introduced a fixed tax regime for investors in 2020. This regime requires investors to make a minimum investment of €500,000 in domestic assets, including real estate, securities, and other categories. In return, investors only have to pay an annual fixed tax of €100,000 and are exempted from taxes on all foreign income.

The program also extends benefits to investors’ families, with an additional tax of €20,000 per person. By the end of 2023, this program had attracted over 1,500 investors, with a total investment value reaching hundreds of millions of euros, providing a major boost to Greece’s economic recovery.

Special Tax Regime for Retirees

Greece has also implemented a tax regime specifically for retirees. Individuals from other countries who meet the residency requirements (living at least six months per year in Greece) enjoy a fixed tax rate of 7% on pensions and passive income from abroad. This regime has attracted over 5,000 retirees from around the world, contributing to community development and improving local living standards.

Impact of the Two Special Tax Regimes on Vietnamese Investors

For Vietnamese investors, these two tax regimes offer significant opportunities to optimize financial benefits and leverage Greece’s stable economic environment. Specifically:

• Optimizing Tax Costs: The fixed tax rate of €100,000 allows investors to avoid global income taxation, a substantial advantage compared to other countries.
• Extended Family Benefits: Vietnamese investors can take advantage of the extended family tax policy, protecting and growing assets for future generations.
• Stable Economic and Investment Environment: Greece is recovering and thriving after its economic downturn, offering a favorable environment for long-term investments.

Notably, the fixed 7% tax rate for retirees is a promising feature for Vietnamese investors with passive income from dividends, interest, or rental properties.

Greece’s Competitive Advantage Over Other Countries

Greece stands out not only for its favorable tax policies but also for:

• Strategic Location: Situated at the heart of the Mediterranean, Greece serves as a bridge between Europe, Asia, and Africa.
• Climate and Quality of Life: The mild year-round climate and rich cultural heritage make Greece an ideal place to settle.
• Modern Infrastructure and Services: Greece has made significant investments in infrastructure, including high-quality healthcare and education services, ensuring a comfortable and secure life for investors and their families.

Conclusion

Greece’s two special tax regimes offer attractive investment and retirement opportunities for Vietnamese investors. Optimizing tax benefits and extending family advantages are key factors making Greece a compelling investment destination in Europe. If you are looking for profitable investment opportunities and long-term residency, contact Portico and Bridge for comprehensive advice and support.

Portico and Bridge is proud to be a trusted partner, providing high-quality immigration investment consulting services to help you and your family realize your dream of settling in Greec