Greek Laws

Digital Nomad Visa

December 2nd 2020 Greece passed a law allowing digital nomads to half their income tax by working from Greece.  The scheme is open to both employed and self-employed starting from January 2021 as long as you have not previously been a tax resident of Greece or taking someone else's job.As Crete has been voted one of the top 5 countries in the world to live in we cannot think of anywhere better to work...

Golden Visa

Investment An investment of €250,000 is required in real estate in Greece making the Greek programme the lowest investment level of any real estate residency visa scheme in Europe. The property, which can be located anywhere on the Greek mainland or the islands, can be either residential or commercial. Any number of properties can combine to make up the €250,000 minimum investment. Joint buyers can...

Inheritance Tax

In Greece, heirs are divided into 3 categories; the main category includes spouse, children, grandchildren, and parents. Inheritance tax has 3 scales and is calculated on property tax value (not market value). Property with tax value under €150 000 is tax-free. Exceeding €150 000 is taxed at 1% and €300 000 by 5% respectively. 10% of the share above €600 000. Example: inherited property with...

Greek Legislation

If one wishes to purchase real estate in Greece, the purchase of such is governed by the Astikos Kodikas (Greek Civil Code) which, is comparable to the German Civil Code (BGB). A notarised contract of sale and entry in the Ipothikofilakio (Land Charges Register) or Ktimatologio (Land Register) is also required for the purchase. As in German law, Greek law also has accession of title to a property and...

Buying Property

Buying Property in Greece..is different in Greece than in many other European countries. As a customer of A Place in Crete we assist you with all the paperwork. You need to have a lawyer who will obtain a “Power of Attorney”, which means that the lawyer can sign all necessary papers in your absence. You have the option of choosing your own lawyer on Crete or we can recommend you some. First we need...

Residence Permits

EU citizens enjoy their full rights and privileges, including the right to establish residency, buy property, open a business and work in Greece.Greek Government offers residency permits for non-EU nationals that buy real estate in Greece with a minimum value of 250,000 Euros.For non-EU Nationals, there is now the possibility to acquire a Permanent Greek Residence Permit under the extremely attractive...

Property Purchase Expenses

The expenses that the buyer has to pay when purchasing a property, are based on the selling price of the property. However, in cases where the Objective Value is higher than the selling price, then it is taken into account and consideration in the Purchase Contract. Below you can find a brief list of the expenses that one is to expect during a property purchase:- Transfer Tax All property purchases in...

Compare listings

Compare