Fancy an extended remote working trip on a sun-drenched island in Greece? Launched in 2021, the Greek Digital Nomad Visa offers remote workers the ability to stay for up to 12 months – AND you have the option to extend your stay for as long as you like. Let’s get into the details below…
Greece: 227 Islands… 250+ days of sunshine… And three easy visa routes
Let’s be honest… The idyllic Greek lifestyle doesn’t exactly require a massive amount of selling. Offering stunning beaches, azure waters, sumptuous cuisine and a laid-back pace of life, Greece is the kind of place one doesn’t want to leave once you’ve experienced it.
And in 2023, if you can work remotely, you can stay there as long as you like.
Launched in 2021, the country’s digital nomad visa boasts fairly accessible requirements… AND it can lead to permanent residency… or even to eventual citizenship (more on that in just a moment)…
Greece is also an exceptionally affordable place to live: it’s rated as “Inexpensive – (3/7)” – in the Sovereign Man Cost of Living Index.
For example, a one-bedroom apartment in an expat area in Athens costs around $550, while a three-bedroom goes for around $1,000.
That, on average, is much lower than in the US, Canada or Northern Europe.
English is fairly widely spoken, especially in Athens and Thessaloniki. Although realistically, you’re most likely going to want to avoid the larger cities and head for one of the islands instead.
Source: Sovereign Man Cost of Living Index.
And in terms of internet connectivity, the country’s internet speed should be more than adequate – unless you’re crunching serious volumes of data. The mobile download speed is around 62 Mbps, while the fixed broadband speed is around 43 Mbps.
The Greek Digital Nomad Visa program at a glance…
We’ve previously also written about the country’s retirement residency program – the so-called Financially Independent Person Visa. And in addition, its property-based Golden Visa, which we’ve also written about extensively, is now one of the most popular programs of its kind.
But today, we hone in on the country’s residency program for remote workers and digital nomads…
|Official program name||“Work From Greece” program|
|Initial residency validity and renewals||Initial: 1 year
Renewals: You can apply for a “Digital Nomad Residence Permit”, valid for two years, and renewable indefinitely.
|Financial requirements||Monthly income (after tax): €3,500 (~$3,800)
Add 20% more for a spouse, 15% for each child.
|Can this DNV lead to permanent residency and citizenship?||Yes, after five years of DNV you can obtain permanent residency. After seven years of total residency, can apply for citizenship. (T&Cs apply.)|
|Tax situation||Standard conditions apply: Residence-based (worldwide) taxation after 180 days on the ground. Multiple tax breaks are available.|
How long can I spend in Greece on a Digital Nomad Visa (DNV)?
Officially known as the Work From Greece program, the Greek DNV allows you to spend up to one year in the country. And when the initial visa expires, you can apply for a separate Digital Nomad Residence Permit, which is valid for two more years, and is renewable indefinitely.
And as in Cyprus, you must prove a minimum monthly net income of €3,500 (~$3,800) to qualify for Greece’s DNV. Add 20% more for a spouse, and 15% for each child applying with you.
Therefore, in 2023, a family of four must prove a monthly net income of €5,250 (~$5,700).
You can even obtain permanent residency after five years of continuous DNV residency, and citizenship after seven. (Just remember that you must be fluent in Greek, and pass a very involved test on Greek culture and history to qualify for the latter.)
A word of caution regarding Greek taxation…
In Greece, the standard personal income tax rate reaches a whopping 45% for income above €40,000 (~$43,500) per year. And you will become a Greek tax resident after spending more than 180 days per year in the country.
Fortunately the country is home to several super attractive tax incentives, however it is highly advisable to speak to a Greek tax specialist before making any decisions.
Need expert insight and guidance on your options for second residency in the EU?
If you’d like to gain access to a comprehensive deep-dive report on ALL of Europe’s top residency options for 2023, be sure to join Sovereign Confidential.
Sovereign Confidential is the most comprehensive international diversification service on the planet, with our global, in-depth catalog spanning over 12 years. Members also benefit from our Monthly Letters series, covering a range of mission-critical topics, including:
1. The best options for second residency and citizenship — plus ALL of Europe’s top options, covered in absolute detail.
2. In-depth case studies of sovereign-minded individuals in our network who have built out awe-inspiring Plan B options for themselves (including many in the European Union).
3. How to legally and significantly reduce your taxes…
4. How to create a firewall around your assets — and especially your home…
5. And much, much more!
Discover all your best residency and citizenship options, along with step-by-step guidance on how to apply, by joining Sovereign Confidential today.
Greece offers a great climate, sumptuous, healthy cuisine, and a relaxed Mediterranean vibe. It’s a wonderful place to spend time, especially if you avoid the crowds of Athens and Santorini.
And now, thanks to their so-called “Work From Greece” Digital Nomad Visa program, this lifestyle can be yours for as long as you want. So if you catch yourself daydreaming about a “workation” in Greece, why not make it a reality? Apply for their Digital Nomad Visa at your nearest Greek consulate today.
Yours in freedom,
Team Sovereign Man
Simon Black is an international investor, entrepreneur and permanent traveler. His daily letter is both educational and entertaining, and we suggest that those who want unbiased, actionable information about global opportunities sign up for Sovereign Man’s free, actionable newsletter at http://www.SovereignMan.com.
From Simon Black of SovereignMan.com
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