Recently, the Prime Minister of Greece announced a tax reform package totaling 1.6 billion euros, aimed at comprehensively reducing the tax burden on residents, encouraging childbirth, stabilizing the demographic structure, and strengthening Greece's appeal to high-net-worth individuals worldwide. This tax reform does more than just cut taxes; it elevates the value of Greek residency, making it a new focal point for global family asset allocation and identity planning.
This tax reform is not merely an adjustment of fiscal policy; it signifies a comprehensive upgrade in the value of Greek residency—amid the wave of global capital entering Europe, the Greek Golden Visa is becoming a new focal point for family asset planning and residency configuration.
Core Highlights: Unprecedented Tax Relief for All
This tax reform is not a "minor adjustment" but a systematic tax reduction plan covering the entire population:
• Comprehensive Tax Cuts: Tax rates for all income brackets will be reduced by 2 percentage points. The tax rate for the middle-income group (40,000 to 60,000 euros) will be lowered from 44% to 39%, enhancing residents' consumption and investment capacity.
• Family Tax Relief Policy: Families with children will enjoy tiered tax exemptions. For families with one child, the tax rate in the 10,000 to 20,000 euro income bracket is reduced to 18%; for two-child families, it is 16%; for three-child families, 9%; and for families with four or more children, this bracket is tax-exempt. In the 20,000 to 30,000 euro income bracket, the tax rate decreases by an additional 2 percentage points for each additional child.
• Strengthened Pension Security: Pensions will be linked to inflation and GDP growth, with the gradual removal of existing offset rules, enhancing social stability and providing long-term peace of mind for investors retiring in Greece.
• Youth Employment Incentives: Low-income individuals under 25 are exempt from tax, and the tax rate for the 25-30 age group is reduced from 22% to 9%, encouraging youth employment and providing businesses with more competitive young talent.
• Real Estate Investment Benefits: The tax rate on rental income (in the 12,000 to 24,000 euro bracket) is reduced to 25%. Long-term leasing of vacant properties and new construction projects will enjoy VAT incentives, significantly lowering the costs of property ownership and management.
The Signal Behind the Tax Reform:
Greece Aims to "Retain Talent" and "Attract People"
The Greek economy is recovering at an astonishing pace: tourism has reached record highs, the real estate market continues to heat up, and the innovation and elderly care industries are growing rapidly. By introducing this series of tax reforms on a sound fiscal basis, the government aims not only to benefit its own citizens but also to attract high-net-worth families and international capital from around the world to invest in Greece.
For families looking to allocate assets globally through overseas residency, this is undoubtedly a signal of "policy reinforcement": Greece is redefining the value of European residency.
Possessing Greek residency is far more than just a residence permit:
• Cost-Effective: Greece is one of the few countries in the EU and Schengen Area where you can obtain permanent residency by purchasing property.
• Fast Processing: The application process is simple, with permanent residency obtained in one step, as fast as 3-6 months to get an EU country green card.
• Freedom of Travel: With a Greek permanent residence visa, you can freely enter and exit 29 Schengen countries.
• Low Threshold: No requirements for language, education, business, or management experience.
• Flexible Conditions: No need to explain the source of funds, no "immigration jail," and no residency requirements.
• Family Immigration: One person applies, and the whole family of three generations can apply for Greek permanent residency.
• Excellent Benefits: Public healthcare and access to generous social benefits in EU countries.
• Quality Education: Children can enjoy high-quality public education in Greece for free, or return to their home country to participate in the Joint Entrance Exam for Overseas Chinese Students.
• Livable Life: Greece boasts a Mediterranean climate, pristine beaches, and a high-quality living environment, making it an ideal place for relocation and vacation.
Now is the Best Time to Plan
As one of the few projects in the current immigration market that allows for quick acquisition of an EU green card, investors can obtain Greek permanent residency in one step by investing in properties starting from 250,000 euros!
Currently, there are limited high-quality "commercial-to-residential" properties on the market that comply with the Greek Golden Visa legislation and can be transferred quickly. We recommend that interested investors select properties as soon as possible, complete the transfer promptly, and secure their status early to plan for the future with peace of mind!
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