Greece becomes latest European country to entice digital nomads with new tax law

Ā·

On Wednesday (2 December) Greece’s parliament passed a new law allowing digital nomads to half their income tax. This makes Greece the latest European country to try and woo the new work-from-home workforce, Forbes reports.

ā€œIf you can work from anywhere, why not work from Greece?ā€ asks a promotional document seen by Greece’s parliament this week. Amid dreamy images of whitewashed farmhouses and deep-blue seascapes, it sets out a new law that allows newly settled foreigners to pay half their income tax over the next seven years.

From January 2021, the scheme will be open to both employed and self-employed workers as long as they have not previously been a tax resident of Greece, or replace an existing job in the country.

Ā© Louisa Gouliamaki/AFP via Getty

Kyriakos Mitsotakis’s government hopes the tax break will attract the newly empowered ā€˜work-from-anywhere’ digital nomad, which Alex Patelis, chief economic advisor to the prime minister, describes as ā€œthe person who’s three months in Thailand, two months in Jamaica, and so on. We want them to be two months in Greece, and why not?ā€

A tender for rolling out 5G closes in Greece this month, and coverage is expected to be in major towns and cities in early 2021.

ā€œThis place is a paradise especially if you make good money,ā€ says Taki Despo from his new home in Athens. He moved from New York after his firm, the design retailer Moro.com, allowed him to do his job as market relations director remotely.

“Covid didn’t really do much it just gave me a little courage to make this move.”

Kate Silcox, originally from the U.K. but now working as a photo editor for GQ Dubai from Athens, has spent a decade working remotely from various countries but thinks she will now stay in Greece if she can save on taxes. ā€œIt would encourage me to be fully committed and settle down there for longer in Greece.ā€

Greece is hoping that tax perks will make more expats like Kate stay.

Sourced By: Forbes

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Comic author Peter Barber and his Greek Orthodox Easter ‘adventures’

Award-winning British author Peter Barber writes books about… Greece. So far, he has published five books about his second, or first, home!

Peter Dutton MP’s Easter message: Honouring faith and the Greek Australian legacy

Australia’s Leader of the Opposition, Peter Dutton MP, has issued a message to Greek communities to mark Orthodox Easter today.

Anthony Albanese MP praises Greek community in heartfelt Easter message

Federal Labor leader,Ā Anthony Albanese, has sent a message to mark Orthodox Easter this year. Read the full message here.

High Commissioner of the Republic of Cyprus in Australia sends heartfelt Easter wishes

High Commissioner of the Republic of Cyprus in Australia, Antonis Sammoutis, sends a message for Orthodox Easter.

Greece’s Deputy Foreign Minister for Greeks Abroad sends message for Orthodox Easter

Greece’sĀ Deputy Foreign Affairs Minister for Greeks Abroad, Ioannis Michail Loverdos, has issued a message for Orthodox Easter.

You May Also Like

Gabriel Attal: France’s new Prime Minister with Greek roots

It has been discovered that Gabriel Attal, the new Prime Minister of France, has Greek ancestry. Read full story here.

North Macedonia’s Foreign Ministry affirms commitment to Prespa Agreement

North Macedonia's Foreign Ministry on Monday issued a statement affirming the country’s ā€œunwavering commitment" to the Prespa Agreement.

The Greek designer behind Amanda Gorman’s symbolic hoop earrings

On this historic day, Oprah, who has been one of Gorman’s most vocal supporters, gave the young poet the bold earrings and a birdcage ring.