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EU member with non-dom tax regime for new residents
Region
WESTERN EUROPE
Corporate Tax
22%
Setup Time
3 weeks
Currency
EUR
Greece, ancient civilization's birthplace, is rebuilding its economy after prolonged crisis. The country's EU membership and improving company registration processes support business setup for those seeking Mediterranean positioning with European market access.
With a population of 10.4 million, Greece offers Mediterranean lifestyle with historical depth. Greek is the official language, with English common in business and tourism. The climate provides hot summers and mild winters.
Healthcare is available through public and private systems, with quality varying. Safety is generally good. The cost of living is lower than Western Europe, making Greece accessible.
The lifestyle, culture, and climate attract both tourists and lifestyle migrants.
Corporate tax rate stands at 22%. Personal income tax reaches 44% on higher incomes. VAT applies at 24% standard rate. The tax system has been modernized following crisis-era reforms.
Greece uses the Euro. The economy relies heavily on tourism and shipping. Investment incentives exist for strategic projects. The bureaucratic environment has improved but remains challenging.
Company registration through the General Commercial Registry (GEMI) has been digitized. The IKE (private company) has become popular for its flexibility and low capital requirements. Foreign ownership faces no EU restrictions.
Company formation takes approximately 1-2 weeks. Minimum capital for IKE is EUR 1. At least one administrator is required. Annual compliance includes financial statements and tax filings.
The Hellenic Capital Market Commission oversees financial services. Greece implements EU frameworks for virtual asset service providers. Registration requirements apply under AML regulations.
The environment follows EU standards without specific national crypto licensing beyond EU requirements.
The Hellenic Gaming Commission regulates gambling, with an online licensing framework introduced in 2019. The gambling license regime is established with clear application processes for online operators.
The market is substantial and regulated, attracting international operators.
Economic recovery continues but uncertainty remains. Bureaucracy, though improved, can still be challenging. The summer tourism seasonality affects many businesses.
Banking access is available through Greek and international banks, though the system experienced crisis-era restrictions. Professional services are available but variable in quality.
Greece suits tourism-related businesses, shipping, and companies seeking lower-cost EU positioning for their business setup.
Local: EPE
Local: AE
Local: Branch
| Corporate Tax Rate | 22% |
| Personal Income Tax Rate | 44% |
| VAT / Sales Tax | 24% |
| Capital Gains Tax | 15% |
| Withholding Tax | 5% |
| Reduced Corporate Tax Available | Yes |
| Non-Resident Withholding Exempt | No |
| Tax Treaty Network | Yes |
| Banking Access | HIGH |
| Financial Privacy | LOW |
| Currency Controls | NONE |
| Local Bank Account Required | No |
| Non-Resident Bank Account Allowed | Yes |
| Physical Presence for Banking | Yes |
| Banks Restrictive (High Risk) | No |
| AML Officer Required | No |
| MLRO Required | No |
| Compliance Officer Required | No |
| Data Protection Officer Required | No |
| Bookkeeping Frequency | Annual |
| Local Bookkeeping Required | Yes |
| Mandatory Audit | No |