To receive the above benefits, investors have to be in the country at least 183 days a year. They will also have to invest 500,000 euros in the national economy during the first three years as a resident. For investors who have invested 1.5 million euros in Greek assets, the fixed tax burden will be halved (to 50,000 euros), and investments of 3 million euros will reduce the burden to 25,000 euros. The program will exist for 15 years.
Greece is also on the verge of other important changes in the field of taxation, namely:
- corporate tax will be reduced to 24% from 28%;
- taxation of dividends will be reduced to 5% (currently - 10%);
- one-time tax on stock options exercising will be established in the amount of 15%.