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Country Details

Greece, officially known as the Hellenic Republic, is a country located in southeastern Europe. It has a rich history, culture, and natural beauty that attract millions of visitors each year. Here are five important facts about Greece:

  1. Cradle of Western Civilization: Greece is often referred to as the cradle of Western civilization due to its profound influence on the development of ancient culture, philosophy, and democracy. It is the birthplace of famous philosophers such as Socrates, Plato, and Aristotle. The city-state of Athens was the center of intellectual and artistic achievements during the classical era, leaving a lasting legacy on Western thought.
  2. Architectural Marvels: Greece is renowned for its ancient architectural marvels, with the most iconic being the Acropolis in Athens. The Parthenon, a Doric temple dedicated to the goddess Athena, is an enduring symbol of ancient Greece. Additionally, Greece is home to numerous well-preserved archaeological sites, including the ancient city of Olympia, the sanctuary of Delphi, and the ruins of Mycenae.
  3. Stunning Landscapes and Islands: Greece offers a diverse range of landscapes, from stunning coastlines and sandy beaches to rugged mountains and picturesque villages. The country is known for its thousands of islands scattered across the Aegean and Ionian Seas, including popular destinations such as Santorini, Mykonos, and Crete. The crystal-clear waters and charming architecture make these islands a paradise for travelers.
  4. Greek Cuisine: Greek cuisine is celebrated for its fresh ingredients, Mediterranean flavors, and healthy approach. Traditional dishes include moussaka, souvlaki, Greek salads, and spanakopita. Olive oil, feta cheese, and yogurt are staple ingredients in Greek cooking. Greek cuisine emphasizes the use of locally sourced produce, herbs, and seafood, resulting in delicious and nutritious meals.
  5. Olympic Tradition: The Olympic Games originated in ancient Greece and hold great cultural and historical significance. The modern Olympic Games were revived in Athens in 1896, and Greece hosted the games once again in 2004. The Olympic spirit continues to resonate in the country, and Greek athletes have achieved notable success in various sports, including track and field, gymnastics, and swimming.
Immigration Details

To immigrate to Greece, there are several pathways available, including the Golden Visa program, establishing a company, work permits, studying, and obtaining citizenship or residency. Let's explore each option:

1. Golden Visa Program:
- Capital requirements: Greece offers a Golden Visa program that grants residency in exchange for a real estate investment. The minimum investment amount is €250,000 in residential property. However, different investment options, such as purchasing land or investing in a business, may have higher capital requirements.
- Residency permit: Upon making the qualifying investment, you can apply for a residency permit, which allows you and your family to live in Greece and travel within the Schengen area.
- Timeline and fees: The processing time for the Golden Visa program is relatively fast, usually taking a few months. The fees associated with the Golden Visa program include legal fees, property acquisition costs, government fees, and other administrative expenses.

2. Establishing a Company:
- Capital requirements: Establishing a company in Greece requires a minimum share capital based on the chosen legal form, such as a limited liability company (LLC). The minimum share capital for an LLC is €4,500.
- Employing locals: When establishing a company, you can employ local workers. The employment requirements and regulations can be obtained from Greek authorities or legal professionals.
- Residency permit: As a company owner, you may be eligible for a residency permit based on entrepreneurship or self-employment, subject to meeting specific criteria and requirements.
- Timeline and fees: The timeline for establishing a company and obtaining a residency permit can vary, but it generally takes several months. The fees can include company registration costs, legal fees, visa application fees, and other administrative charges.

3. Work Permit:
- Finding a job: Securing a job offer from a Greek employer is crucial for obtaining a work permit. The employer will need to sponsor your work permit and provide necessary documentation, including an employment contract and proof of qualifications.
- Work permit: Once you have a job offer, your employer will apply for a work permit on your behalf. The type of work permit will depend on the job category and your qualifications.
- Residency permit: Depending on the duration of your employment and circumstances, you may be eligible to apply for a residency permit based on employment.
- Timeline and fees: The processing time for work permits and residency permits can vary, but it generally takes several months. The fees can include work permit application fees, legal fees, and other administrative charges.

4. Study-based Immigration:
- Obtain admission: Apply and get accepted into a recognized educational institution in Greece.
- Student visa: Once accepted, you will need to apply for a student visa, which allows you to reside in Greece for the duration of your studies.
- Residency permit: Depending on your circumstances, you may be able to transition from a student visa to a residency permit based on employment or other eligible categories.
- Timeline and fees: The processing time for student visas and residency permits can vary, but it generally takes several months. The fees typically include visa application fees, tuition fees, and other administrative charges.

5. Citizenship or Residency:
- Citizenship: Obtaining Greek citizenship typically requires residing in Greece for a significant period, demonstrating knowledge of the Greek language, passing citizenship tests, and meeting other eligibility criteria. Greek citizenship can also be obtained through ancestry or marriage.
- Residency permit: If you do not qualify for citizenship, you may consider applying for a long-term residency permit, which grants legal residency status in Greece without citizenship rights.
- Timeline and fees: The timeline for obtaining citizenship or a residency permit can vary significantly, often taking several years. The fees depend on the specific process

Location
Rank
  • VISA-FREE
    156
  • DUAL CITIZENSHIP
  • POPULATION
    10,533,871
  • Time To Citizenship
    4
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TAX

To be a tax resident in Greece an individual must spend more than 183 days per year within the country. Residency rules may vary according to a tax treaty.

Tax residents are subject to personal income tax on their worldwide income, while non-residents are only taxed on their Greek-source income.

Personal income tax is levied at progressive rates up to 45%. Dividends and interests are taxed at a 15% flat rate. Rental income is taxed separately at progressive rates from 0% to 45%. Capital gains from the sale of securities is subject to 15%. Those arising from the sale of immovable assets are currently tax-exempt.

Greece has enacted controlled foreign company rules. Under this regulation residents may be taxed on the undistributed profits of their companies abroad, provided that they own at least 50% of the share capital, the entity is resident in a non-cooperative jurisdiction, more than 30% of profits are derived from passive income and shares of the entity are not listed in a regulated market.

Real property tax is levied according to the location, use, zone price, surface and age of the property. There is an additional real property tax levied on properties or sum of properties by a taxpayer over a tax value of €200,000.

There is an inheritance tax: estates are taxed between 1-10%, for other heirs and rates range from 0 to 40%. There is a transfer tax of 3% levied on the transfer of real properties, if V.A.T. does not apply. There is no net worth tax.

The V.A.T. standard rate is 24%, the reduced rate is 13% and a super reduced rate of 6% may apply to certain goods and service transactions.

With regard to corporate taxation, resident entities are subject to a 29% corporate income tax on their worldwide income. To learn more about Greek corporate taxation, legal framework and tax treaties, check out incorporations.io/greece.

This should not be construed as tax advice. We have access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

  • Property Tax Yes
  • Transfer Tax Yes
  • Inheritance Tax Yes
  • Net Worth Tax No
  • CFC Law Yes
  • Tax Residency Days 183
  • Personal Income Tax Rate 45%
  • Capital Gains Tax Rate 15%
  • Investment Income Tax Rate 15%
  • Territorial Taxation No
Visa-Free Explain

Where Can Greek Passport Holders Travel Without a Visa?

As of June 2023, Greek passport holders can travel visa free to 156 countries and territories:

  • Albania
  • American Samoa
  • Andorra
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Bahamas
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Bermuda
  • Bolivia
  • Caribbean Netherlands
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • British Virgin Islands
  • Brunei
  • Bulgaria
  • Canada
  • Cabo Verde
  • Cayman Islands
  • Chile
  • Colombia
  • Cook Islands
  • Costa Rica
  • Croatia
  • Curaçao
  • Cyprus
  • Czechia
  • Denmark
  • Dominica
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Estonia
  • Falkland Islands
  • Faroe Islands
  • Fiji
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • French West Indies
  • Gabon
  • Georgia
  • Germany
  • Gibraltar
  • Greenland
  • Grenada
  • Guam
  • Guatemala
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • Indonesia
  • Iraq
  • Ireland
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Kazakhstan
  • Kiribati
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macau
  • Malaysia
  • Malta
  • Marshall Islands
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Netherlands
  • New Caledonia
  • New Zealand
  • Nicaragua
  • Niue
  • North Macedonia
  • Northern Mariana Islands
  • Norway
  • Oman
  • Palau
  • Palestine
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Réunion
  • Romania
  • Samoa
  • San Marino
  • São Tomé and Príncipe
  • Senegal
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • Solomon Islands
  • South Africa
  • South Korea
  • Spain
  • Sri Lanka
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Martin
  • Saint Vincent and the Grenadines
  • Suriname
  • Sweden
  • Switzerland
  • Taiwan
  • Tajikistan
  • Thailand
  • Gambia
  • Timor-Leste
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turks and Caicos Islands
  • Tuvalu
  • Türkiye
  • United States Virgin Islands
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Vatican City
  • Venezuela
  • Zambia
  • Eswatini

For visa-free travels, you still must have a valid passport — usually six months after your departure date— and you must purchase travel health insurance as required by your destination country.

Where Can Greek Citizens Go Without a Passport?

Greek citizens can enter the following countries without a passport with only an ID card:

  • Albania
  • Andorra
  • Aruba
  • Austria
  • Belgium
  • Caribbean Netherlands
  • Bosnia and Herzegovina
  • Bulgaria
  • Croatia
  • Curaçao
  • Cyprus
  • Czechia
  • Denmark
  • Estonia
  • Faroe Islands
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • French West Indies
  • Georgia
  • Germany
  • Greenland
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Mayotte
  • Moldova
  • Monaco
  • Montenegro
  • Netherlands
  • New Caledonia
  • North Macedonia
  • Norway
  • Poland
  • Portugal
  • Réunion
  • Romania
  • San Marino
  • Serbia
  • Slovakia
  • Slovenia
  • Spain
  • Saint Martin
  • Sweden
  • Switzerland
  • Türkiye
  • Vatican City

What Countries Issue eVisa to Greek Citizens?

The following 13 countries issue eVisas for Greek passport holders:

  • Angola
  • Azerbaijan
  • Benin
  • Djibouti
  • Ethiopia
  • Guinea
  • India
  • Kenya
  • Lesotho
  • Myanmar
  • Pakistan
  • Uganda
  • Vietnam

The process of getting an eVisa is more or less the same as applying for a traditional visa. However, in this case, you don’t have to visit a visa application center— you can submit your application online, including the visa payment.

After your application is approved, you will receive an email confirming your visa status along with a document you must print out and bring with you when crossing the border. Your visa will be registered online, but some officers may ask you for a physical copy of the permit; that is why it’s important to keep the copy on your person while traveling.

What Countries Issue Visa on Arrival to Greek Passport Holders?

If you are a Greek citizen, you can get a visa on arrival for the 29 countries listed below:

  • Bahrain
  • Bangladesh
  • Burkina Faso
  • Burundi
  • Cambodia
  • Comoros
  • Egypt
  • Guinea-Bissau
  • Iran
  • Jordan
  • Kuwait
  • Laos
  • Lebanon
  • Madagascar
  • Malawi
  • Maldives
  • Mauritania
  • Mozambique
  • Nepal
  • Papua New Guinea
  • Rwanda
  • Saudi Arabia
  • Seychelles
  • Sierra Leone
  • Somalia
  • Saint Helena
  • Tanzania
  • Togo
  • Zimbabwe

You receive a visa on arrival (VOA) after entering the country that issues such a visa. Usually, there is a separate section at the airport where you can submit your application for your visa on arrival.

Countries With Visa Requirements for Greek Citizens

You need a valid visa to enter the following 28 countries with a Greek passport:

  • Afghanistan
  • Algeria
  • Bhutan
  • Cameroon
  • Central African Republic
  • Chad
  • China
  • Democratic Republic of the Congo
  • Republic of the Congo
  • Ivory Coast
  • Cuba
  • Equatorial Guinea
  • Eritrea
  • Ghana
  • Liberia
  • Libya
  • Mali
  • Namibia
  • Nauru
  • Niger
  • Nigeria
  • North Korea
  • Russia
  • South Sudan
  • Sudan
  • Syria
  • Turkmenistan
  • Yemen

The application for a visa goes as follows:

  1. Make an appointment at the visa center in Greece. You must contact a local visa application center in your home country and make an appointment to submit your application. It may take several months to schedule a meeting with the embassy or consulate.
  2. Get your documents ready. To submit a successful application, you have to prepare the required documents for your visa, i.e., passport, application form, health insurance, etc. Some of your documents must be verified with an apostille stamp or certified by a foreign office.
  3. Submit your application. Finally, you can submit your application and attend the visa interview—you may also be required to submit your biometrics. Once you translate your documents as required by the embassy or consulate and verify them with an apostille stamp— if possible, then you can submit your application. From then it will take several weeks until a decision is made regarding your visa application.

Please note that if you have a valid visa that allows you to enter more than one country, you don’t have to apply for a new visa.

What Documents Do Greek Citizens Need to Apply for a Visa?

Greek citizens that want to visit countries that require them to apply for a visa beforehand need to submit a few documents. Depending on the country you want to visit, document requirements may vary. However, most countries will certainly require the following:

  • Your valid Greek passport (plus a photocopy). Some countries require the passport to be valid for more than six months after the day you plan on departing their country.
  • A filled visa application form.
  • Passport pictures that are not older than six months.
  • Travel health insurance that covers your entire period of stay.
  • Proof of paid visa fee.
  • Detailed travel itinerary that shows all the places you want to visit.
  • Letter of invitation (if applicable)
  • Proof of booked return ticket for the flight home.
  • Proof of booked accommodation.
  • Proof that you have sufficient funds to cover your visit
  • Civil status documents (marriage papers, certificates of birth, etc.)
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