Frankfurter Rundschau: Greece, one of the best tax havens for pensioners

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The choice of Greece seems ideal, as the country is within the European Union – with all the advantages that entails – and “therefore it is easily accessible”.

Publication signed by Johannes Nuß in the Frankfurter Rundschau refers to the standard of living of German pensioners, which is constantly being degraded.

As he points out for this reason, an alternative solution is to settle abroad, as there are many “tax havens” around the world.

Special mention is made of Greece as it is “one of the best tax havens for pensioners”.

The choice of Greece seems ideal, as the country is within the European Union – with all the advantages that entails – and “therefore it is easily accessible”.

Pensioners who settle in the country for more than 183 days a year enjoy a generous reduction in income tax to 7%. This facility is only valid for 15 years, but remains an important incentive according to Focus as well.

As far as the quality of life is concerned, it is very tempting to spend one’s life as a retiree near the Acropolis or on a Greek island, comments the publication, adding to the positives of Greece the sunshine that lasts up to 3,000 hours per year, as well as the “Greek ease with which life is dealt with”. In addition, anyone who buys a newly built property does not pay VAT until 2024.

The changes promoted by the government for the attractiveness of our country for pensioners have occupied the international media, with the French press – and more specifically the French Le Figaro – commenting that Greece is now the number 1 choice for French pensioners in the search them for the European country with the most favorable terms for pensioners.

Indicatively, the French press also pointed out that Greece now appears more attractive than Portugal. Indicatively, it is stated that “Taking advantage of Portugal’s setback, the Greek government voted for a more favorable system for pensioners in July 2020”.

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