Greece will launch the digital nomad visa this summer. Aiming to tap into the potential of the global trend, the Ministries of Foreign Affairs and Migration are in the final stage of drafting a legislation framework for the launch of a special visa category and relevant residence permits, which will allow digital nomads from other countries to relocate to the country.
According to surveys, digital nomads will reach 1 billion by 2035. If Greece managed to attract 100,000 digital nomads in a year, and they stayed in the country for 6 months, the benefit could reach 1.6 billion euros a year, which is almost equal to the revenue generated during a week by 2.5 million tourists.
Digital nomads who come to Greece can take advantage of a 50% tax break for the first seven years.
In order for an individual to be eligible for the favourable tax regime should satisfy the following conditions:
i) Be a non-Greek tax resident for the previous 7 out of 8 years,
ii) Transfer his tax residency from an EU Member – State or a State of the EEA or a State with which Greece has signed an administrative cooperation agreement,
iii) Has secured an employment contract (for new job positions only) as per article 12 par. 2 of Income Tax Code (L. 4172/2013) with a Greek legal entity or a foreign legal entity having a permanent establishment in Greece or is a self-employed in Greece
iv) Declares that his stay in Greece will be for at least two years.
Since the wake of the pandemic, Greece has been one of the most favourite destinations for remote workers to set up their homes as they are attracted to the Greek package of a Mediterranean climate, high quality of life, good healthcare services and a reasonable cost of living.