Greece’s parliament passed a new law allowing digital nomads to half their income tax.
“If you can work from anywhere, why not work from Greece?” asks a promo leaflet.
Greece has joined the growing list of countries that have launched programs to attract workers from all over the world who do their work online. Starting with January 2021 all digital workers will be able to work from Greece with tax breaks, on the condition they haven’t been tax residents before or replaced an existing job in this country.
This country has shown understanding and vision of the future by enacting this law. It is already moved towards this by introducing a 5G network covering most cities and bigger towns in the following months.
It all started from the fact that more than 800 000 Greeks moved to richer countries only from 2009 to 2015. It was due to the debt crisis that afflicted southern countries more than northern ones. However, with this new step, things will probably change drastically. Greece hopes to make a lot of the ex-pats consider coming back and even attracting people from all over the world.
InterNations is an organization that gathers all the online immigrant workers and they state that the newest data shows that people prefer working from warmer places and southern countries, like Spain or Portugal, but also Italy and Greece, especially if the taxes are not a burden in these uncertain times. Take the UK as an example: over 6000 households have moved from the UK to Spain only during the COVID19 pandemics. People just realized that if they must be locked inside their houses most of the time, they might as well improve their lives and move somewhere warmer and cheaper.
Whether this move will pay off to Greece is yet to be seen but there is little doubt that digital nomads will miss the opportunity to live their holidays 365 days a year.