Try Greece 🇬🇷
Greece offers a highly favorable tax regime for foreign retirees, featuring a flat 7% tax rate on all foreign-sourced income—including pensions, dividends, and rental income—for up to 15 years. To qualify, you must transfer your tax residence to Greece, not have been a Greek tax resident for 5 of the last 6 years, and come from a country with a double taxation treaty with Greece.
Key Tax Benefits and Requirements for Retirees:
7% Flat Tax: This preferential rate applies to all foreign income, significantly lower than standard Greek progressive rates, which can exceed 40%.
15-Year Duration: The 7% rate is locked in for 15 tax years.
Eligibility Requirements: The applicant must receive a pension from a foreign government, insurance body, or occupational scheme.
Application Deadline: Applications for this special regime must generally be filed by March 31st of the tax year.
Other Income: Income earned within Greece is taxed at standard, higher rates.
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