pomsgreece

[pomsgreece]

Tax Compliance Services In Greece | Peace Of Mind Services

Peace of Mind Services: Your trusted partner for Tax Compliance Services in Greece Experience tailored solutions.

#tax compliance #tax compliance services in greece

[pomsgreece]

Legal Essentials For Foreigners Buying Property In Greece 2023

Are you considering buying property in Greece? Greece is an appealing destination for real estate investment with crystal-clear waters, gorgeous landscapes and rich cultural legacy. However, before you embark on this exciting journey, you must first grasp the legal requirements to ensure a seamless and trouble-free purchase. In this article, we’ll review the top factors for foreign purchasers in Greece in 2023, such as dos and don’ts, the pitfalls of buying property in Greece, and how Peace-of-Mind Services can help you throughout the entire process.

#greece real estate #greece residency by investment #legal advice #buying property in greece #greece property

[pomsgreece]

#greece real estate #property management in greece #property investment in greece

[pomsgreece]

#greece taxation #tax regime #tax advisor in greece #tax consultant

[pomsgreece]

Making The Right Choice For Legal Services In Greece

Regarding legal matters in Greece, whether you’re an individual or a business owner, making the right choice for legal services is paramount. Having the proper legal consultants in Greece or a reliable legal advisor in Greece by your side can make all the difference when dealing with complex legal issues. This article will examine the factors and questions to ask when seeking legal assistance in Greece.

#legal advice #legal services #legal assistance #legal assistance in greece

[pomsgreece]

#sell property in greece #selling property in greece #property selling #real estate property in greece #property management greece #greece real estate

[pomsgreece]

Tax Regime In Greece: A Guide For Expats Moving Overseas

When considering a move to a foreign country, it is essential to have a comprehensive understanding of the tax system in place. Whether you’re an expat or a foreign citizen contemplating relocation to Greece, it’s crucial to have a thorough grasp of the tax system in the nation. This article aims to offer an overview of tax residency, tax registration, as well as the significance of tax consultants and advisors in Greece. By thoroughly understanding these essential components, you can confidently navigate the tax system in Greece.

What is Tax Residency?

Establishing tax residency in Greece is the first step for understanding an expat’s tax obligations. A person is considered a tax resident by the Greek tax authorities if they reside in Greece for more than 183 days each calendar year.

The tax residency status of expatriates has significant implications. Residents of Greece are taxed on their global income, whereas non-residents are only taxed on income earned in Greece. In the event of a marriage, taxes will be settled individually, although there may be variations to this rule. Expats must determine their tax residence status to comply with the applicable tax regulations.

How Does the Tax Registry Process Work in Greece?

Becoming a tax resident in Greece entails a meticulous Tax Registry process that expats must follow. This process involves gathering all the required documentation, filling out the tax registration forms specific to the Tax Registry Greece, and submitting them to the designated tax office. Upon completion of the review and approval process by the relevant authorities in the Tax Registry Greece system, individuals are issued a tax registry number or AFM (in Greece) and their file is assigned to the appropriate Tax Authorities bureau (DOY).

Documents Required for Tax Registry

To register for tax purposes, expats must provide a few documents, such as:

Passport / ID

Proof of residency

Income Statements (from country of origin)

Relevant employment contracts or rental agreements

What are the types of taxes in Greece?

Income Tax:

The Greek tax system regime levies income tax on individuals who earn income from Greek sources, regardless of their residency status. The income tax system in Greece follows a scaled tax structure, where tax rates progressively increase with higher income levels. Income tax rates range from 9% to 44%, with several tax brackets based on income levels.

Property Tax:

Greece levies property tax on property owners, also known as ENFIA. This tax pertains to property-owning Greek residents and non-residents alike. Location, size, type and market value are just a few factors taken into consideration by the state to determine your property tax. It is essential to note that municipal taxes in Greece are separately billed by Power Utility companies.

Value-added tax (VAT):

The value-added tax rate in Greece varies depending on the product or service category. The standard rate (FPA) is 24%, with reduced rates of 13% and 6% applicable to specific goods and services.

What is double taxation in Greece?

Double taxation occurs when an individual is required to pay taxes on the same income in two different nations. Greece has engaged in double taxation treaties with several countries worldwide to reduce this burden. The purpose of these agreements is to avoid double taxation and assure fair taxation for cross-border income.

The advantages of double taxation agreements include eliminating double taxation, reducing withholding tax rates and providing tax credit provisions. Expats should be informed of the special contracts between Greece and their home country to organize their tax affairs properly. Nations such as U.S.A., United Kingdom, Canada, Australia, Germany and France are some examples who have double taxation treaty agreements with Greece.

Why is professional advice important?

When navigating the Greek tax regime, seeking professional advice is crucial. A qualified tax advisor can provide valuable insights, assist with tax planning and help you make informed decisions. With their expertise, you can avoid costly mistakes and maximize the available tax benefits and incentives

Conclusion

By learning the tax regime in Greece and seeking professional advice when necessary, you will be able to navigate the complexities of the tax system, optimize your financial situation and maximize your expat experience in this beautiful Mediterranean nation.

Are you an expat moving to Greece or already living there? Ensure tax compliance and understand your obligations by visiting Peace-of-Mind Services Greece. Our comprehensive tax compliance services and expert guidance will help you easily navigate the Greek tax system. Don’t let tax complexities hold you back from enjoying your expat life.

#greece taxation #greece tax rate #property tax in greece #greek tax rate #tax rate in greece #income tax rate in greece #tax system in greece #taxes in greece for foreigners

[pomsgreece]

How To Obtain Permanent Residence Status In Greece By Investing

Securing permanent residence in Greece through strategic investments. Your gateway to a sun-soaked lifestyle awaits!

Are you contemplating relocating to the Mediterranean and immersing yourself in Greece’s rich culture and beautiful landscapes? Obtaining permanent residency in Greece through investment may be the best option for you. In this blog post, we provide valuable information and step-by-step instructions to obtain Permanent Residency in Greece through an investment.

Investment Options for Permanent Residence

The Golden Visa programme provides applicants with a variety of investment options. Real estate investment and business venture investment are the two most common approaches.

What is a Greek Golden Visa?

The Greek government launched the Golden Visa Programme in 2013 to encourage foreign investment and stimulate the economy. Under this programme, non-EU citizens can obtain a Greek residence permit by making an investment that meets certain criteria. The residence permit enables you to live and work in Greece and travel within the Schengen Area without a visa.

Eligibility Requirements

Certain requirements must be met to qualify for the Golden Visa programme in Greece

Be a non-EU/EEA country citizen

Above 18 years of age

Clean Criminal record

Have medical insurance for yourself and your family

Proof of Income: You must provide evidence of sufficient funds to support yourself and any dependents during your stay in Greece

Investing in Greece Real Estate

Real estate investment is a popular option for acquiring permanent residency in Greece. By purchasing a property worth a minimum of €250,000 (except for the municipalities of Athens, Thessaloniki, Mykonos and Santorini where minimum investment is €500,000), you qualify for the Golden Visa. It is possible to invest in residential or commercial properties, as well as land. Additionally, you can rent out the property to generate additional income.

Investing in Business Ventures

Investing in business ventures is another method for obtaining permanent residency in Greece. An example is 10 years of a lease agreement, whether signed for hotel accommodations or furnished tourist residences in integrated tourist resorts. By establishing a company in Greece or investing at least €250,000 in an existing Greek company, you can qualify for the Golden Visa. This route is appropriate for entrepreneurs and individuals wishing to establish or expand business operations in Greece.

Other Investment options – Capital Transfer Investment

By engaging in a strategic financial transaction, such as transferring a significant sum of funds to a designated Greek bank account or making a prudent investment in Greek government bonds, individuals have the opportunity to secure permanent residence in Greece. This particular investment option presents a unique opportunity for individuals who may not be inclined towards real estate or business ventures yet still desire to reap the numerous benefits of obtaining permanent residence.

Tax Implications

Understanding the tax implications when relocating to Greece and acquiring permanent residency is essential. Greece provides foreign investors with favorable tax regimes, including exemptions and reduced tax rates on certain income categories. To ensure compliance with Greek tax laws and optimize your tax position, consulting with a tax expert is essential.

Application Process

Several stages are involved in submitting an application for permanent residency in Greece. These include collecting the necessary documents, submitting an application to the relevant authorities, undergoing a background check, and attending an appointment for biometric data collection. It is essential to adhere to the guidelines the Greek authorities provided and obtain professional assistance when necessary.

The chance to go to Greece and gain permanent residency by investing can be a game-changer for many people. You can start a new chapter of your life in this Mediterranean paradise by navigating the Golden Visa programme and integrating the investment possibilities and requirements.

Maximize your Greek property investment returns with Peace-Of-Mind-Services Greece. From certifications to legal support, we handle it all. Our expert teams coordinate architects, lawyers, tax advisors, appraisers and realtors to meet your needs. Invest confidently in Greece real estate today! Contact Peace-Of-Mind Services for personalized assistance and start your successful investment journey now!

#residence status in greece #residence inn greece #residence inn greece ny #greece residency by investment #residency in greece #types of residence permit in greece #permanent residence in greece #how to get permanent residency in greece

[pomsgreece]

#greece taxation #greece tax rate #property tax in greece #greek tax rate #tax rate in greece #income tax rate in greece #tax system in greece #taxes in greece for foreigners

[pomsgreece]

#residence inn greece #residence inn greece ny #greece residency by investment #residency in greece #types of residence permit in greece #permanent residence in greece #how to get permanent residency in greece

[pomsgreece]

My Inheritance In Greece And How To Claim It?

Inheriting assets and properties can be complicated in a country like Greece, especially for non-residents. This blog post aims to provide you with essential information on claiming your inheritance in Greece. Whether you’re a Greek citizen, a foreign resident with Greek heritage, or a national living abroad, this guide will help you understand the necessary steps. Read on to discover how to successfully claim your inheritance and ensure a smooth transition of assets.

Understanding Greek Inheritance Laws

In Greece, inheritance is primarily regulated by the Greek Civil Code. This code outlines the rights and obligations of beneficiaries and provides guidelines for the distribution of assets. An integral part of Greek inheritance law is the acceptance of compelled heirship. This means certain beneficiaries, usually blood relatives like children or spouses, will receive a larger share of the estate. There is, however, room for discretionary distribution, allowing the testator to allocate a portion of their assets as they wish.

Identifying the Assets and Property

The first step in claiming an inheritance in Greece is determining the assets and property involved. This may include documents such as:

A copy of the death certificate of the deceased.

The will, if one exists.

The birth certificates of all potential heirs.

Marriage certificates, if applicable.

Documentation regarding any debts or liabilities of the deceased.

Additionally, you may need to provide documents related to the assets involved, such as property deeds or bank statements.

Seeking Legal Assistance

Given the complexity of Greek inheritance laws, seeking legal assistance is highly recommended. Professional legal advisors, particularly those experienced in Greek inheritance matters, can guide you. They will help you understand your rights, obligations, and the necessary paperwork to claim your inheritance.

Initiating the Claim

Once you have collected the necessary documents, the next step is to initiate the inheritance claim process. This involves submitting a formal request to the competent Greek court in the jurisdiction where the assets are located. Working with a legal professional is crucial during this stage, as they will guide you through the paperwork, ensure accurate translation of documents, and represent your interests throughout the proceedings.

Obtaining a certificate of inheritance

To officially claim the inheritance, you must obtain a certificate of inheritance from the Greek authorities. This certificate confirms your status as a beneficiary and grants you the legal right to access the assets.

Probate Procedure

In Greece, the probate procedure aims to establish the will’s validity (if available) and determine the legal heirs in case of intestacy. The court will review the documents and evidence provided, examine any potential challenges or disputes, and issue a judgment or decision on the inheritance distribution. The duration of the probate procedure may vary depending on the case’s complexity and the court’s workload.

Inheritance Taxation in Greece

Inheritance taxation is another crucial aspect when claiming your inheritance in Greece. The country imposes an inheritance tax on the value of the inherited assets. The tax rates and thresholds vary depending on the relationship between the heir and the deceased, as well as the value of the estate. Consulting with tax professionals specializing in Greek taxation laws is crucial to ensure compliance with all tax obligations.

Conclusion

Inheriting property in Greece is an exciting and potentially life-changing experience. However, understanding the legal procedures and navigating the complexities of Greek inheritance laws can be challenging. Seeking professional assistance at Peace-of-Mind Services can greatly simplify the process. By consulting with our experienced attorneys to gather the required documentation and follow the proper legal steps, you can successfully claim your inheritance and embark on a new chapter of your life in this captivating Mediterranean country.

Call us today at [phone] to make an appointment. Fill out the online contact form or if you prefer email us, and one of our Greek legal representatives will contact you according to your availability.

#inheritance certificate in greece #inheritance in greece #greek inheritance matters

[pomsgreece]

Getting Married In Greece? Learn What Documents Are Required.

Dreaming to get married amid stunning scenery and ancient history? For the ideal wedding destination, look no further than Greece. However, before you say “I do” in this Mediterranean paradise, it’s important to learn the ins and outs of marriage law in Greece, including the local matrimonial services available to you. For this special day, you will require a marriage license in Greece and this post outlines the legal criteria involved along with the related preparations that will ensure your perfect wedding.

When organizing a wedding in Greece, what should you know first?

It is essential to understand that certain legal requirements must be met. In Greece, civil and religious ceremonies are recognized, thus giving couples the flexibility to choose the type of wedding that aligns with their preferences.

How do civil and religious ceremonies differ from one another?

Civil ceremonies: Civil ceremonies in Greece are legally binding. One person must be a Greek citizen or resident to be eligible. For a civil ceremony, you must follow legal procedures and submit documentation to your local municipality, as per the marriage license Greece regulations. The approach taken to marriage is quite formal and legal. Religious Ceremonies: Greek Orthodox, Catholic, and Protestant ceremonies follow their respective traditions. Religious heads conduct religious ceremonies in churches or faith related locations, adhering to the rules set by Greece’s marriage certificate guidelines. What are the documents required for both civil and religious ceremonies?

Full Birth Certificate of the bride and groom

Certificate of no impediment (The CNI is a document stating that you are legally eligible to get married)

Divorce/Adoption/Change of name certificates where applied

Passports of bride and groom

A copy of the newspaper in which the wedding notices were published (if applicable)

For religious ceremonies, additional documents, such as a baptismal certificate or a letter of approval from the local priest, may be necessary.

What is the process for registering a civil or religious wedding in Greece? When getting married in Greece, registering your wedding at the local Registry office where the ceremony took place is mandatory and should be done within 40 days. Both the bride and groom are required to be present at the office for each document. Alternatively, if unable to attend, you can grant someone else power of attorney to handle the legal details on your behalf, provided it is signed before a Notary Public.

What happens if a marriage isn’t registered in time? Unregistered marriages are not legally recognized. After 90 days, registering your marriage will require a District Attorney’s approval, in which case monetary penalties (fines) apply.

How vital is the involvement of local government for marriages in Greece?

To initiate the marriage procedure in Greece, you must notify the city hall where you intend to wed. They will provide you with your selected location’s specific requirements and procedures.

Greek marriage rules and criteria are subject to change, so staying current on the latest developments is necessary. Furthermore, additional documentation may be required in certain cases, such as for those with a prior marriage or a specific nationality.

#getting married in greece #marriage certificate expert greece #marriage registration in greece #marriage in greece

[pomsgreece]

#inheritance in greece #inheritance certificate in greece #Greek inheritance matters

[pomsgreece]

#marriage certificate #marriage certificate expert greece #matrimonial service in greece #marriage registration in greece

[pomsgreece]

Registering Your Credentials in Greece | POMS

Greece has become a hotspot in attracting more expatriates and residents abroad to conduct various affairs dealing with inheritance, property, investment, etc. Registering your credentials as a non-resident taxpayer in Greece is an important step towards fulfilling your local obligations and avoiding legal complications. It enables you to obtain a tax identification number and ensures you comply with Greek tax laws.

Not registering can result in penalties and fines and could even lead to legal actions. Therefore, you must take the necessary steps to register your credentials and stay up to date with your tax obligations.

In this blog post, we will explore reasons why registering your credentials in Greece is vital.

Tax Residency in Greece

Registering your credentials in Greece is crucial as it helps you establish your tax residency in the country. Tax residency is determined by the country in which an individual pays taxes on their income. Non-resident taxpayers in Greece must register their tax residency with the Greek authorities (Permanent Residents Abroad division). To obtain a tax identification number, you need to provide various details during the declaration process, such as address and country of residence. Designating a tax consultant responsible for communicating with the Greek tax authorities is strongly recommended.

Government Benefits in Greece

Registration of credentials in Greece provides non-resident taxpayers with several fiscal advantages. Included in these advantages are tax refunds, exemptions, and deductions. Additionally, you can take advantage of reduced tax rates and avoid double taxation by registering. Enrolling your credentials ensures you receive all the tax benefits you are entitled to in Greece as a non-resident taxpayer.

Legal Matters in Greece

Issues may arise legally if credentials are not registered in Greece. Legal action, including fines and penalties, may apply to non-resident taxpayers. Compliance with Greek legislation and avoiding legal issues can be achieved by registering credentials. Non-Greek residents must also follow local law regulations.

Property Transactions in Greece

To ensure conformity in accordance with legal & tax stipulations and zoning laws when it comes to property transactions in Greece, registering the necessary credentials demands meticulous coordination with various professionals. Legalizations, Adherence to Zoning Regulations, Permit Re-Affirmations, submitting declarations to the Land Registry bureaus and adjusting Income Statements & Tax related forms are just a few of the important credentials to look out in securing your benefits for simplified processes and legal protection.

Communicating Effectively in Greece

Hiring a tax advisor in Greece can make registering your credentials much smoother. By having a tax representative deal with the Greek government on your behalf, you can avoid delays or any confusion caused by language barriers. Registering your credentials with the help of a tax consultant in Greece will guarantee efficient communication with the Greek authorities, ensuring that your tax and property affairs are managed correctly. With their expertise and knowledge of Greek tax laws and regulations, a tax advisor ensures compliancy and you avoid legal issues. Overall, registering your credentials in Greece with the assistance of a tax advisor will simplify the process and bring you with Peace of Mind.

Ensure Accurate Taxation in Greece

Registering your tax credentials, facilitates obtaining real time records of your tax status and obligations in Greece. Such detailed information, provides an updated view of your tax accounts thus avoiding any penalties or fines for underpayment or late payment.

In conclusion, non-resident taxpayers who wish to live, work, inherit-acquire or sell property in Greece must register a series of credentials with the Greek authorities. It protects you from any issues with the law and offers various financial advantages by keeping you in line with Greek tax standards. Having your credentials on file also facilitates smooth property transfers, clear lines of contact with the appropriate authorities, and better overall management of your affairs.

At POMS, we pride ourselves on our expertise in navigating the complex process of registering your credentials in Greece. Trust us to handle the important task of ensuring your credentials are properly registered. Our expert team’s extensive knowledge and thorough attention to detail enable us to manage and fulfil all your tax registry needs efficiently. We recommend you verify some of the most common credentials you may need for a matter in Greece, starting with a quick checklist for your review. Our services offer reliable, cost-effective solutions to help you organize your credentials—experience efficient and hassle-free management with our expert services. Get in touch with POMS now to learn more!

#Tax Residency in Greece #Legal Matters in Greece #Property Transactions in Greece #tax advisor in Greece #property transactions in Greece

[pomsgreece]

#real estate #taxpayer in Greece #property transactions in Greece #tax advisor in Greece #sell property in Greece

[pomsgreece]

Your Guide to Purchasing Real Estate in Greece as an American or Canadian

Greece's stunning landscapes, rich history, and vibrant culture have transformed it into a popular destination for real estate investors from the United States. Those interested in purchasing a secondary residence or investing in rental properties can take advantage of the country's affordable real estate prices, relaxed tax regulations, and delightful lifestyle.

Establish a Financial Plan for the Real Estate

The first step is to create a financial plan. The cost of Greek real estate varies significantly based on its condition and location. Thus, setting a budgetary limit is critical when embarking on your search. Additionally, you should factor in taxes, legal fees, and maintenance expenses.

Research the Real Estate Market

Researching the Greek real estate market is essential before making any purchases. This involves learning about the many areas of Greece and the various real estate options in each. Learning about the zoning laws, property taxes and other rules that apply to real estate purchases and ownership in Greece is also essential.

Find a representative and a Real Estate lawyer

Engaging an agent to aid in your property search would be a prudent decision. Additionally, if you are prepared to purchase, you will require the guidance of a legal professional who is well-versed in the stipulations governing non-EU citizens buying real estate in Greece. Simplify your Greek property investments by entrusting POMS to oversee your entire portfolio, including legal matters, documentation, and due diligence.

Choose the right location

Coastal beaches, historic cities and rural villages are just options for property investment in Greece. Consider public services, accessibility and rental revenue potential while deciding on a site. Seeing the location firsthand is essential for learning about the people and customs of the region.

Look at the listings

Now that you know which houses are viable options, it’s time to check them out in person. This is a crucial phase of the buying process because it gives you your first look at the property and a better understanding of its features, location, and surroundings. To help you find the perfect home, a real estate agent can set up showings and even accompany you.

Guaranteed Funding

If you need a loan to buy a house, you should thoroughly examine your financing choices before making an offer. To qualify for a mortgage from a Greek bank, foreign purchasers will need a high credit score and appropriate paperwork. You might also use equity from an existing home or obtain financing from a foreign bank.

Propose a price

Make an offer on the home of your dreams if you find one you like. The offer should detail the purchase price, any conditions or contingencies, and a proposed closing date, all of which your real estate investment agent will help you with. The seller will decide whether to take the offer or make a counteroffer.

Due diligence

If your offer is approved, the next step is to perform due diligence to ensure no financial liabilities on the property. Get a survey done, look over the title, and double-check for any unpaid taxes or debts; your lawyer & real estate agent can help you with all these things.

Closing

The conclusion of a deal is contingent upon the verification of all information obtained during due diligence. In Greece, the transfer of ownership and finalization of paperwork takes place at a notary public office, where a smooth closing can be facilitated with the assistance of a reliable real estate agent.

While investing in Greek real estate can be a fulfilling and enjoyable experience, it requires dedicated efforts to understand the market and work with a trustworthy agent. With the guidance of knowledgeable advisors and careful planning, achieving your goal of acquiring real estate in Greece is attainable.

Let POMS take care of your real estate portfolio in Greece with our expert partners. We offer complete management for buying, selling, investing and upkeeping your assets. Contact POMS to safeguard your future today.

#real estate #greece real estate #real estate investment greece #property investment greece #property management greece