Greece is becoming a centre for millionaires.1,200 tycoons will move to the country in 2024, 64,700 are already here

Greece center of millionaires - Economou & Economou law office the best immigration lawyers in Athens Greece for high network individuals econlaw@live.com (+30) 2103603824

Wealthy relocating to Greece Around 1,100 foreign millionaires (people with liquid or investable wealth of more than $1 million) moved to Greece in 2023 and a further 1,200 are expected to do so in 2024. The "hot" spots are Attica, Mykonos and Crete. "Despite a difficult start to the decade following the Greek debt crisis, Greece has seen a strong recovery, with wealthy relocating to Greece making property prices and the number of millionaires in the country increasing significantly, especially in recent years".Greece already has 64,700 millionaires, 105 people with assets of more than $100 million and 8 billionaires - the country's millionaire...

22 August

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Tax Evasion in Greece

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in Tax Law

Tax evasion in Greece - Economou & Economou law office the best tax lawyers in Athens Greece econlaw@live.com (+30)2103603824

Tax Evasion in Greece as a Criminal Act: Understanding the Law and Your Defense What is "Tax Evasion"? Tax evasion refers to the illegal act of deliberately avoiding tax obligations by an individual or business. For it to be considered a criminal offense and result in legal liability, the avoidance must be intentional rather than accidental. In contrast, tax avoidance involves legally finding ways to reduce taxable income. Tax evasion is a serious criminal offense under Greek law, with severe penalties that can include hefty fines, imprisonment, and reputational damage. In Greece, the authorities take tax evasion very seriously, given the significant impact...

17 November

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Greece Offers Foreign Pensioners Tax Breaks

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in Tax Law

foreign pensioners in Greece - Economou & Economou law office the best Immigration Lawyers in Athens Greece econlaw@live.com (+30) 2103603824

foreign pensioners in Greece A law establishing a unique tax framework for foreign pensioners in Greece or retirees who move to Greece has been published in the Official Gazette. A flat seven percent tax rate will be applied to qualifying taxpayers' overseas income under the special tax plan, which is intended to entice foreign pensioners in Greece and retirees to apply for Greek residency. Individuals must not have been a tax resident in Greece for at least five of the six years prior to qualifying for the scheme in order to be eligible for the flat tax. A tax cooperation agreement for administrative...