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Alternative 7% taxation for the retirees

Last activity 27 June 2024 by PhilIpZ20201

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ipolishchuk

Hello fellow expats.

I'm interested in moving to Greece and in the 7% taxation program.

Does anybody know if I can be considered an eligible retiree  if I come to Greece on Golden Visa and live of savings and passive income ( interest, dividends, capital gain), but do not receive Social Security yet?

It is confusing, because some sources on the internet say I need to prove my retiree stratus with a document from a government entity like Social Security, and only actual pension is eligible.

Other sources say any passive income is eligible.

Thank you.

Igor

PhilIpZ20201

@ipolishchuk


No you cannot


Read the online details to avoid confusion


the online requirements and conditions are clear


pls do your homework!

Fine Athenian Estates

@ipolishchuk


Hi, I myself retired to Greece 1 1/2 years ago and confirm that, indeed, you do actually need pension (social security) income.


***


Best regards, Marcelo

Moderated by Cheryl 7 months ago
Reason : Advertising
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Cheryl

Hello Marcelo,


No advertising on the forum please.


You can register your agency in our Greece business directory for free.


Cheers,


Cheryl

Expat.com team

Fine Athenian Estates

Hi Cheryl, noted, thank you.

Pam Wilkinson

@ipolishchuk


I found this while doing my homework:


”The Greek immigration authorities may also consider, at their sole discretion, applications from non-retirees who are able to meet the program’s financial eligibility requirements. In the main, applicants are expected to be able to support themselves and any eligible dependents without the need to get a job or invest in Greece. You are, however, allowed to work remotely for an overseas employer or service offshore clients from within Greece.”


Hope it helps!

PhilIpZ20201

@Pam Wilkinson


this may be the case but this is an exception - probably due to:l any one of:


  1. your application being made through someone who has the right connections
  2. an applicant who has the right, detailed and explanatory documents from a professional body (i.e.bank)
  3. some form of influence (bribe?)
  4. a person who is professional - experienced - kind - has the right authority - is educated and can make the right judgement


in that order of likelihood

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