New trending hotspots for digital nomads – Taxation

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Are you still looking for your next digital nomad adventure?

The location independent movement is gaining ground and more and more people are considering this vibrant way of life. However, not all cities are created equal and certain criteria make a place a fabulous and favorite place for Digital Nomads.

Want a change of scenery after being confined for so many months?

The latest trends show that more and more digital nomads are settling in Greece and generally staying longer than expected. Areas such as the capital, Athens, the co-capital Thessaloniki to the north and some islands like Rhodes, Santorini, Mykonos, Crete, seem to offer favorable conditions for digital nomads to stay and work in Greece. The country already has what it takes; great weather, affordable prices, delicious food and affordability while the relaxed lifestyle is stress-relieving in itself.

Greece is ideal for digital nomads who engage in blogging, web development, online marketing, and art. With an infrastructure developed to support all types of professions and high-speed internet connectivity, the country welcomes anyone looking for a change in work culture and lifestyle.

Visa and entry requirements

Non-EU citizens wishing to work in Greece need a visa to enter the country. In addition, if you plan to stay for less than 90 days, you do not need to apply for a residence permit. A tourist visa would do the trick. In addition, you can apply for a Schengen Greece visa, whatever the purpose of your visit.

Work visa A Type D visa (or national visa) for work must be obtained for any non-EU national who plans to stay in Greece for more than 90 days and work in the country. This visa is not an exclusive visa for work purposes. The national long-stay visa D allows travelers to enter and stay in Greece for more than three months and
mUp to a year. It can also be issued for research and university studies as well as for participation in cultural, scientific and religious events, other than employment.

Greek digital nomad visa

The Greek government is currently working on establishing a special one-year travel visa for digital nomads, which will likely be applied online by 2021 and allow internationals with remote jobs to work from Greece.

The plan, mutually agreed upon between the Greek Migration and Foreign Ministries, aims to help remote workers choose an advanced way of working.

Nevertheless, it remains to be seen whether the legislation passed by the Greek Parliament last year, granting a 50% tax break for the first seven years to non-dom employees and the self-employed, will apply to digital nomads arriving in Greece. And under what conditions. Since January 2021, the 50% reduction plan applies to salaried and self-employed entrepreneurs (provided they have not been tax residents in Greece for the last 5 out of 6 years). The new law has caught the attention of digital nomads from all corners of the planet, placing Greece at the top of the list with the most favorable places for digital nomadic life.

Digital Bank in Greece

One thing a digital nomad is always mindful of is their finances. Nomads can now carry out transactions with their mobile phones or laptops as long as they have opted for online banking services. Internet and mobile banking services are available through local and international banks in Greece provided you have a Bank account.

Alternative solutions

If you don’t want to wait for the Digital Nomad Travel Visa, other trending non-home residency programs that you might be interested in are:

  1. as an Employee or Freelance benefiting from a tax exemption of 50% for 7 years
  1. as a Wealthy Individual only benefiting from an annual fixed tax of 100,000 euros for 15 years
  1. as a retiree benefiting from a tax of only 7%, on your income from abroad, for 15 years.

Moving to Greece might not be difficult, but it does involve excessive bureaucracy. Our legal and accounting team can assist you every step of the way.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.


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