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New investment in Greece is good, fixed tax paid by qualified investors declines
Recently, the new Greek cabinet has launched a series of bold reforms, especially in encouraging international investment. In the first two months after taking office, the new Greek Prime Minister has announced a series of tax cuts that will benefit investors, such as 22% reduction in property tax and 50% reduction in decoration tax.
Earlier, the New Democratic Party ’s cabinet further announced that credit cards will be regarded as an effective form of transaction for the “Greek Golden Visa” scheme, providing greater convenience to investors. In recent days, the new government has introduced another legislation that will levy a fixed tax of 100,000 euros on investors' global income (for every additional one for dependents, an additional 20,000 Euro is required). According to bloomberg, the project will initially last 15 years.
Investors who become tax residents and invest 1.5 million euros in Greece, they only need to pay a fixed tax of 50,000 euros per year on their global income; investing 3 million euros in Greece only pay 25,000 euros on their global income fixed tax. In addition, a retention clause will protect these investors from the potential impact of future policy reversals.
The draft bill is scheduled for a vote at the end of November. Taking into account the NDP's absolute majority in parliament, Mizotakis is expected to do so.
According to the guardian, the Greek Prime Minister stated during a visit to Shanghai in early November: "Today, the Greek government is determined to facilitate foreign investors, attract foreign capital, and provide a sustainable and environmentally friendly way for all Greece. People create wealth and prosperity. "
As the new Greek government takes office to implement a series of positive measures, foreign investors will usher in new opportunities for Greek investment. At present, through the Greek home immigration project, not only can Greek permanent property rights be obtained. Participating in the Greek investment market, you can also apply for Greece residence permit for three generations, and travel to 26 Schengen countries.
Immigration in Greece - purchase a house
Advantages
1. Perfect welfare;
2. Excellent quality of life;
3. Perfect living environment;
Requirements
1. Non-criminal record;
2. 2.50,000 euro bank statement;
Why choose us: WZ&P is the expert in residence and citizenship planning. There are hundreds of clients and advisors rely on our expertise and experience. Our highly qualified professionals work together as one team worldwide.
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