Have you got a UK passport ?
Although the United Kingdom has left the EU, this does not mean that UK citizens and holders of a UK passport will no longer have the ability to continue living in Greece.
Greece’s new favorable tax policy to foreign investors
According to Article 2 of Law No 4646/2019, foreign tax payers who have transferred their tax residence to Greece can now benefit from an alternative taxation policy for the income they make abroad.
Conditions:
Important Announcement - New Security Measures from 3-11-2020 until 30-11-2020 - KCH Law Firm continues to work normally and follows all necessary safety measures
According to the Greek government’s newest Decisions the Attica Region is classified as a “High Danger Zone”. In view of the strict measures for the prevention of CoVid 19 that will be in force in the area from 3rd to 30th November 2020, KCH Law Firm would like to inform its esteemed clients:
Latest news regarding Golden Visas- The superiority of the Greek Golden Visa program is now more evident than ever
The legislation regarding Golden Visas in Europe has undergone significant changes in 2020.
To be more specific, the most important of those changes took place in Cyprus.
Greece’s new Law offers fixed rate on foreign pensioners’ global income
On 29th September 2020 Ministerial Decision No A1217 was published in the Government Gazette of Greece. This decision concerns foreign pensioners who wish to transfer their tax residence to Greece. According to this decision those pensioners will pay a 7% flat income tax for their all of their income obtained abroad. The whole amount of the aforementioned tax will be paid annually in one installment until the end of July.
New essential document for Golden Visa Issuance- Notarial Certificate
On the 11th of October 2020, the final form of the notarial certificate that foreign investors applying for a residence permit need to submit along with the rest of the necessary supporting documents was published in the Government Gazette No 4483.
Among other things, this certificate needs to include information about the parties of the contract, information regarding the real estate, the price of the real estate, the means of payment (crossed bank cheque, credit transfer, POS transaction, credit card or debit card) and payment details. This certificate must also specify whether or not the contract is subject to a resolutory condition and whether or not the property was previously used by the seller to acquire a residence permit.
This certificate must be provided by the same notary who wrote the real estate purchase contract. According to Article 20B of Law 4251/2014, in the event that the applicant fails to provide this certificate, their application to be granted a residence permit through the purchase of real estate will be rejected.
Taking the abovementioned into consideration, it is evident that notaries have now a very important role in the issuance of Golden Visas to foreign investors as the approval of their application depends on the validity of this certificate.
