What are the benefits to foreign investors who transfer their tax residency to Greece?

I've heard that Greece recently adopted favorable tax provisions for those interested in transferring tax residency in Greece. What are these favorable tax provisions?

Answers

On May 10, 2021 Mary Tsiganou answered:

Given the Greek government’s unwavering commitment in constructing a tax-favorable and investment-friendly environment for foreigners, who are interested in transferring their tax residence in Greece, significant benefits are applied per each category: High-net-worth individuals can enjoy an annual lump sum tax of 100,000 euros, regardless of their level of foreign income for 15 years maximum, provided they make an investment in Greece with a minimum 500,000 euros within a period of 3 years. Foreign pensioners are offered an alternative taxation on their foreign source income under an annual flat tax rate of 7% for next 15 years. From the beginning of 2021, if you stay in Greece for 2 years and your country has entered an income treaty with Greece, you are welcome to work here and gain the benefit of being taxed on 50% of your employment income for 7 consecutive years. Moving your tax residence to and starting businesses in the country will enable you to take the reward at any fiscal year: only 50% of your business income is deemed taxable.

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