Greece’s Digital Nomad Visa

September 9, 2024

As the world rapidly embraces remote work, Greece has emerged as a prime destination for digital nomads — remote workers who can now enjoy the country’s vibrant culture, favorable climate, and significant tax advantages. Since the introduction of Law 4825/2021, Greece has positioned itself as one of Europe’s most forward-thinking countries for digital innovation, welcoming the growing population of remote workers from across the globe.

Greece's Digital Nomad Visa, introduced under Article 11 of Law 4825/2021, allows third-country nationals to live and work remotely from Greece. This innovative law has been a key driver of economic development, particularly in cities and communities that are quickly adapting to the new digital economy. With large-scale technological investments — such as SpaceX and Tesla’s satellite network expansion, Cisco’s Digital Transformation Centre, and Pfizer’s Research Hub in Thessaloniki — Greece is becoming a central player in Europe’s digital revolution.

The tech ecosystem in Greece has matured significantly, and the government has been proactive in shaping policies to embrace emerging technologies. In particular, the country has introduced regulations for cryptocurrency companies and digital wallets, reflecting its commitment to innovation. Coupled with the licensing of 5G networks, Greece’s robust digital infrastructure supports a thriving environment for digital nomads.

The global shift towards remote work, accelerated by the COVID-19 pandemic, has only reinforced the demand for flexible working environments. According to a 2020 study by Emergent Research and MBO Partners, the number of US-based digital nomads grew by 49%, from 7.3 million to 10.9 million. This increase highlights a significant global trend, with more professionals seeking mobility and freedom to work from any location.

Key Features of the Digital Nomad Visa

The Digital Nomad Visa program in Greece offers a straightforward and cost-effective process for remote workers. With administrative fees around €1,000 and a fast-track application process (approximately 10 days) at the Greek consular authority, Greece makes it easier than ever to relocate. Applicants can also prepare their documents in advance and open a local bank account following the Tax Identification Number (TIN) registration.

Visa holders are granted legal residence in Greece for 12 months, with the option to extend their stay. Importantly, the visa does not permit employment with Greek businesses, although digital nomads can easily engage in freelance or remote work for international companies. Families can also join visa holders, and upon visa expiration, they may be eligible for a two-year residency extension, provided the necessary paperwork is submitted before the visa expires.

Tax Residency and Digital Nomads

While the Greek Independent Authority for Public Revenue (IAPR) has yet to issue specific guidelines on the tax residency of digital nomads, the country adheres to general OECD rules for taxation on a case-by-case basis. This approach ensures that digital nomads can rely on established tax frameworks, making it easier to manage tax obligations while enjoying the benefits of living in Greece.

Greece as a Premier Destination for Remote Work

Greece has long been a favorite destination for travelers due to its rich culture, stunning landscapes, and mild climate. Today, it offers even more: a Digital Nomad Visa, coupled with the Golden Visa program and significant digital investments, creates a unique environment for international companies to hire top talent without incurring the cost of permanent residence. This flexibility, combined with Greece's high quality of life, positions it as an ideal place to live and work remotely.