A new year brings new opportunities! For Greek immigrants, with the arrival of the new year 2020, a wave of favorable tax news is also on the way. The Greek government, which has been committed to tax reduction and economic stimulation, officially implemented several tax reform policies starting January 1, 2020. These policies are expected to significantly alleviate the tax burden on Greek taxpayers.
Starting January 1, 2020, the tax reform measures for individuals, families, and businesses in Greece include:
1. Personal Income Tax (for employed, retired, and self-employed income)
Personal income tax for taxpayers earning below €10,000 is reduced to 9%
Personal income tax for taxpayers earning between €10,000 and €20,000 is set at 22%
Personal income tax for taxpayers earning between €20,000 and €30,000 is reduced to 28%
Personal income tax for taxpayers earning between €30,000 and €40,000 is reduced to 36%
Personal income tax for taxpayers earning above €40,000 is reduced to 44%
Original Personal Income Tax (for employed, retired, and self-employed income):
2. Value Added Tax on New Homes
New home transfers are exempt from the 24% value-added tax, effective from January 1, 2020, for a period of three years.
3. Dividend Tax
Dividend tax is reduced from 10% to 5%.
Implementing tax reforms to reduce the tax burden on taxpayers is an important initiative of the new Greek government. The aforementioned series of tax reduction measures undoubtedly represent significant benefits for those intending to invest in Greece. These tax reductions not only lower the cost of investment for investors in Greece but also attract more overseas individuals to enter the Greek investment market.
For those intending to invest in immigration to Greece, the Greek property investment program is currently considered to be a cost-effective option for various considerations such as self-occupation and retirement. Currently, investing in properties starting from €250,000 not only allows the entire family to apply for Greek permanent residence visas, enabling travel across 26 Schengen countries, but also provides access to Greek education, healthcare, and other social welfare benefits, along with acquiring properties with permanent ownership in Greece, making it a win-win situation.
WorldWay Immigration Group, as one of the early immigration agencies promoting the Greek property investment program in China, collaborates with reputable Greek developers to introduce another significant property project to investors—high-rise residential units in downtown Athens, with an average price of less than €3,000 per square meter!
Overview of the High-Rise Residential Project in Downtown Athens
Type: Apartment
Layout: 1 Bedroom, 1 Bathroom
Price: Starting from €150,000
Project Highlights: Sold with lease agreements, average price of less than €3,000 per square meter; excellent location, within walking distance to the subway station, with complete surrounding amenities; one of the few high-rise buildings in downtown Athens; compliant with the Greek property investment immigration law, allowing the purchase of property for the entire family to apply for Greek permanent residency.
The project consists of 10 floors and is one of the few high-rise residential buildings in downtown Athens, with each unit featuring a private terrace for residents to enjoy the charming views of Athens. The project includes 52 parking spaces, with security personnel at the entrance and 24-hour front desk service, making it an ideal living choice that blends ancient civilization with the rhythm of modern urban life.
The project is ideally located with developed transportation
The project is situated in a prime location in downtown Athens, equipped with a comprehensive transportation network, allowing residents to use various modes of transport, such as buses, subways, and taxis, to easily travel to different districts of the city. The surrounding area is well-equipped with shopping, education, leisure, dining, hospitals, banks, and other complete living amenities.
Project Sample Room Photos (the following images are for reference, subject to actual delivery)
WorldWay Immigration is one of the early immigration agencies promoting the Greek property investment program in China
In 2013, we collaborated with the Greek Embassy in China to hold the "Greek Property Investment" launch ceremony in China, introducing this project to the Chinese market;
WorldWay Immigration Group's senior executives have met with dozens of dignitaries, including the Greek Ambassador to China, Commercial Counselor, Consul, and immigration bureau officials.
Given the current favorable economic situation in Greece and the beneficial policies, it is crucial not to miss out on this excellent investment opportunity. Therefore, investors interested in participating in the Greek investment market should act quickly to benefit early. For more details on the Greek property investment program, please consult: 400-138-2929.
Property images are for reference only, subject to actual delivery.