If you’re an American looking to retire abroad, retiring in Greece for Americans is an attractive option. As highlighted by Condé Nast Traveler, Greece offers exceptional benefits for retirees, especially those interested in real estate investment. With its Golden Visa program, foreign nationals can obtain permanent residency by investing in property. The minimum investment required depends on the location—approximately $427,713 in less tourist-heavy areas, and around $855,427 in prime spots like Athens, Mykonos, and Santorini. Retiring in Greece for Americans not only offers investment opportunities but also access to a Mediterranean lifestyle that combines ancient culture with modern relaxation.
The allure of Greece goes beyond stunning landscapes and rich history—it also boasts a tax-friendly environment. The country introduced a flat 7% tax rate on foreign pensions, rental income, and other qualifying investments. This rate is locked in for up to 15 years, providing a clear financial advantage compared to the U.S. tax system, where rates typically range from 10% to 37%.
With straightforward residency options, tax incentives, and a lifestyle that combines ancient culture with Mediterranean relaxation, Greece offers American retirees a compelling opportunity to embrace a vibrant, yet affordable retirement.
Source: Condé Nast Traveler
For further details, refer to the full article from Condé Nast Traveler by Laura Kiniry, published on November 8, 2024. Read the full article here.
For information on U.S. Visas and U.S. Citizen Services in Greece, you may visit the U.S. Embassy and Consulate in Greece here.
