Transfer - buying Tax When you purchase a property in Greece, you pay a transfer tax, which is FMA. The tax rate is 3.09% of the taxable property value. There’s a system of “Objective Value”. It calculates how much a property should be worth depending on its size, location, and technical specification. In cases where the Objective Value is higher than the purchase price, you pay tax on that value...

How to apply for the Greek AFM -  tax identification number, including which documents you may need... The AFM is the personal Tax Identification Number (TIN). It is required for many everyday transactions in Greece. Let's see How to apply for the Greek AFM - tax identification number. The nine-digit number is unique to each individual. It is used when dealing with Greek authorities and when completing...

Greek Golden Visa - What are the advantages of Greece? In this article we will give you a brief list of 12 advantages one gains for getting a golden visa, investing and residing in Greece, Europe’s last “undiscovered” paradises. We could say much more than just 12 reasons to live here, but we will just give you a taste.   1.Rapid tourism rate increase Greece is a top tourist destination....

Greece Golden Visa property acquisition investment amount will still remain €250,000 in certain areas and it is one of the lowest amounts among Europe’s popular residency by investment schemes. However, it jumped to €500,000 in the municipalities of Athens, Thessaloniki, Mykonos and Santorini after July 31st, 2023. As of July 31, 2023, a new threshold of €500,000 is applicable for obtaining the...

Expenses during the sale of a property Capital gains tax and exit tax Greece has a very loyal approach to capital gains tax for property owners. Individuals are temporary, generally exempted from it, but under two conditions: one owner has sold or bought no more than two properties in the last two years; the sale of real estate is not considered entrepreneurial activity. But if an...

Under Greek law, the property selling process is exactly the same for all property sellers, Greeks and foreigners. The home selling process is the same whether you are selling for sale by owner or hiring a real estate agent. Required documents to sale a property in Greece In order to be able to sell (transfer) a property in Greece, the owner/seller to provide to the notary,...

The Municipality of Athens created the first public Japanese Garden in Greece in the Nereid Park in Pagrati, just behind the building of the National Gallery. The inauguration of the Japanese Garden took place yesterday by the Mayor of Athens, Costas Bakoyannis, in the presence of the Ambassador of Japan, Yasunori Nakayama, and other...