Greece lowering taxes for digital nomads

Few digital nomads who choose Greece as their new home will, from next year, benefit from a new tax incentive.

It’s a 50% reduction in income tax, a measure aimed at attracting talent to Greece who, through technology, choose to work remotely, without depending on a fixed headquarters.

digital nomad working in a greek cafe

This was the path that French Charlotte, chose about a month ago. She decided to move to Greece for at least a year while running a few well-known sites for the French public, including a site specializing in sexe amateur content.

She arrived before she knew about this news about digital nomads in Greece, but as soon as she heard about it, she decided to invite other French friends to do the same.

The question is raised in a promotional document that is part of the legislative initiative that was discussed, voted and approved, on Wednesday, by the Greek Parliament.

As of January 2021, a new tax regime will be available for digital nomads arriving in Greece (both employees and self-employed), which will allow them to pay only half of the taxes due on their income over the next seven years.

Kyriakos Mitsotakis’ government hopes that this tax relief will attract more digital nomads to the country, but also some of the Greeks who were forced to emigrate during the years of the financial crisis. According to the proposal presented in November by the Greek Executive – quoted by Ekathimerini – there is no income ceiling or discrimination by type of work in accessing the tax relief in question, the only criterion being the establishment of Greece as a tax residence.

With this goal in mind, there is a willingness to study initiatives to increase the potential for hosting remote workers in the country, for example through a national network of coworking spaces. And changes in the tax plan may also be being considered, namely regarding the concept of tax residence, which today is difficult to apply to these talents.

Digital Nomads

What is a Digital Nomad? A digital nomad is someone who does not depend on “a certain place”, working “based on smart mobile devices, broadband, and fast internet access and access to cloud computing data”.

In short, a digital nomad is a person that travels frequently between different countries, cities, states, etc., but still works from home. The term has become popular among people who work remotely.

A digital nomad can be an employee at a company located anywhere around the globe. They are usually freelancers or contractors. Some may have offices in more than one location, while others prefer to live out of their suitcases.

Digital Nomads Are People Who Work From Anywhere

There are many reasons why a digital nomad chooses to do this. For some, it could be because they want to travel a lot. Others might just choose to live in a cheaper country but with a higher quality of life.

Whatever your reason for being a digital nomad, you will need to find ways to make money online. In this article, we will discuss how to earn money as a digital nomad.

How To Earn Money As A Digital Nomad

Since there are so many ways to make money online, earning money as a digital nomadic can vary. You can make money by selling products, writing articles, blogging, creating websites, consulting, teaching English, coaching, freelancing, and many other things.

How To Be A Successful Digital Nomad

If you decide to become a digital nomad, there are several things you will have to consider before starting your journey. One of these considerations is where you plan to stay. Another important factor is the type of work you intend to do.

You will also need to find a way to earn money so that you can pay the bills while traveling. This means you will probably need to start small and build up as time goes by. Finally, you must make sure that you are ready to leave your comfort zone.

Where Should You Stay

office setup of a digital nomad

When deciding where to go as a digital nomad, it is best to pick somewhere that is close to the places you want to visit. If you are planning to travel to Europe, then you should think about living in a city like London or Paris. These cities offer great opportunities for cultural experiences and entertainment.

However, if you are looking for a quieter lifestyle, you might prefer to settle down in a smaller town. There are plenty of towns in Europe that are perfect for a digital nomad. Whether you want to live in a big city or a quiet village, you will find something suitable for you.

The Location Of Your Home Is Important

Another thing you need to consider when choosing a place to live as a digital nomad is whether you want to rent a house or buy a property. It is always better to own your own home instead of renting. Renting a place is expensive and it can get even more expensive over time.