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Greek taxes on dividends form shares (not from company)

Last activity 11 November 2024 by creta

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Arielt11

Hello.

I'm considering to move to Greece with the following plan;

1. Sell our property- assume we get 2M$

2 Invest in high dividen US shares/ ETFs - we can get about 5-7%. This will yield about 7.5K$ a month.


Question - is this amount count for dividend Taxes (5%) or capital gain (15%) or other Tax?

Thank you

Ariel

PhilIpZ20201

It all depends on your residency status

  1. will you be a resident under a golden visa program
  2. will you be a non-dom
  3. other

pls consult a competent Greek Tax accountant


the one I used was called Tax Art in Thesaaloniki

good luck

Arielt11

@PhilIpZ20201

Thank you Philip.

My plan is to use my EU passport and simply live in Greece as a resident.

It's more of a basic question- are "dividends" considered dividends coming from shares I have in my company? OR/AND are dividends considered from shares I have in the US stock exchange (e.g. from dividend ETFs)?

Logic says that dividends are dividends,  irrespective from their source.

Thank you

Ariel

creta

Hi,


I also inquired about this type of project, however my research is more focused on accumulation rather than dividend..


Simple calculation: $2M on ETF SP500 or Nasdaq because >30% per year without counting the snowball effect over the years..


So $2M + its 30% = $2.6M


i.e. $600k / 12 months = $50k per me


even deducting broker fees and ftax and tax you will be left with more than with dividend..


ETFs are good but Largest Companies by Marketcap may be better..


https://companiesmarketcap.com/


Anglais


Large capitalizations give no or very little dividend but very high returns in the same way as the ETFs which represent them...


From the little info I got the ftax was 7%.


To be convinced of this I plan to hire a local accountant.


Bye

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