FAQs
Tax Relief and Facilities(F-1) / Persons transfering their normal residence to Greece


  • Persons Entitled to Tax Relief
  • Personal Belongings on whitch Tax Relief is provided (Article 2, Decision of the Minister of Economy and Finance no. D.245.88)
  • Contitions (Articles 2, 3 and 5, Decision of the Minister of Economy and Finance no. D.245/88)
  • Restrictions (Articles 7 and 8, Decision of the Minister of Economy and Finance no. D.245/88)
  • Issuance prosedure of transfer thw normal residence certificate (Articles 28 and 29, Decision of the Minister of Economy and Finance no. D.245/88)
  • Import of Personal Belongings before Issuance of transfer the normal residence (Article 10, Decision of the Minister of Economy and Finance no. D.245/88)
  • Personal Items acuired in the contex of hereditary succession (Chapter D΄, Decision of the Minister of Economy and Finance no. D.245/88 - articles 16, 17 and 18)
  • Items of clothing and school material for pupils and students (Chapter F΄, Decision of the Minister of Economy and Finance no. D.245/88 - article 24)
  • Greek Sailors
  • Transfer of investment goods
  • Investment goods and other items of equipment (machinery, instruments, appliances, etc.) which are transferred to our country from another country, are exempted from the Value Added Tax (V.A.T.), as well as from the import duty (in case they are imported from a non EU country), provided that they are part of a business (industrial, handicraft, agricultural, etc.) which permanently ceases its activity in the country where it is based, in order to practise similar activity in our country.

    Conditions

    The above tax relief is granted whether, in each specific case, the following three conditions concur for the transferred items:

    • They have actually been used in the business of which they are part of at least 12 months, since the date on which the activity of the business ceases in the country from which it is being transferred.
    • They are intended for the use of the same purpose after their transfer. 
    • They correspond to the type and size of the particular business.

    The import of the items in our country must take place within 12 months since the date on which the business ceases its activity in the country from which it is being transferred.

    The following are excluded from the tax relief: 

    • Means of transport which do not constitute means for the production of goods or rendering services (e.g. the passenger cars of the businessman or his/her employees). 
    • All kinds of supplies that are intended for human consumption or for feeding animals. 
    • Fuel and reserves of raw materials or processed or semi-processed products. 
    • Animals in the possession of drovers. 

    Supporting documents

    The Customs where the import of investment goods takes place grants the above tax relief, provided that the businessman concerned submits to it the following supporting documents: 

    • A solemn statement, in which he/she will declare that his/her business permanently ceased its activity in the country where it was established, that the imported investment goods had been used in the business for at least 12 months, etc. 
    • A certificate issued by the commercial or other chamber of the country, where the business was established or proof of the sale of its buildings or other corresponding official evidence, by which it will be proved that the business concerned ceased its activity in the country where it was established and the time when it ceased this activity. In cases that the business which is transferred belongs to a Greek repatriate, instead of the above supporting documents, he/she may produce a relative certificate by the competent Greek consular authority. 
    • A certificate issued by the competent Tax Office of our country, which certifies that the person concerned has declared the beginning of his/her business activity.

    The above mentioned also apply proportionally to the investment goods and other items of equipment that belong to  free - lance professionals, who transfer  their activity from another country to our country.

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