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Greece to offer 50% tax break for returning professionals

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With Brexit just around the corner and with more than 800.000 professionals having left Greece during the past few years, the Greek Government has decided to pass a Law providing for tax incentives not only for returning professionals, but also for “digital migrants”.

The Greek Government hopes that this move will not only improve job creation, battling the so-called “brain drain” of the latest years, but it will also attract citizens residing abroad, that wish either to return to Greece or to move to an E.U. member state in view of the upcoming Brexit or simply to take advantage of the tax break.

It is worth noting that this is the latest effort of the Greek Government to attract foreign nationals, after implementing an extremely favorable framework for investors (https://www.law-services.gr/foreign-investements-in-greece/) and pensioners moving their tax residence to Greece (https://www.linkedin.com/pulse/greeces-latest-tax-reform-benefiting-foreign-charalampos-amoiridis?trk=public_profile_article_view).

Up until this moment, according to Greek law, all profits amounting to more than €40.000,00 were subject to 44% tax regime.

However, the new draft law, that will be brought to the Parliament by the end of 2020, is meant to offer a 50% exemption on income earned in Greece by professionals, either working for an employer or independently, that are willing to move their tax residence to Greece. Said professionals will be benefiting from the new tax regime for the following seven years.

In order for a professional worker to be eligible to fall within the scope of this favorable tax regime, they need to have had their tax residence outside of Greece for the past seven years. This means that the main grounds for eligibility is the tax residence, as there will be no restrictions depending on the type of work or the level of income. According to the government’s officials, qualifying for this tax package will only be possible if the professional transfers their residence during 2021.

Of course, since remote working is becoming a reality for more and more professionals, because of the rapid acceleration of technological advancement, but also due to the COVID-19 restrictions all around the globe, any person teleworking can take advantage of the new regime, after simply transferring their tax residence to Greece.

At Amoiridis Law Services® we are dedicated at assisting our well-respected clients successfully complete any of their investment projects in Greece. Thanks to our longstanding experience, we are able to provide a full package of consultancy services to our almost exclusively international clientele, customized to their specific needs.

As a result, we have represented clients from all around the globe regarding their projects in Greece. Our network of associate experts, composed by both in-house and external solicitors, notaries, accountants, tax experts, civil engineers, topographers, realtors etc., enables us to provide an all-in-one package of consultancy services, guiding you throughout the entire procedure of transferring your tax residence to Greece and benefiting from the upcoming tax exemption package.

For any further information and clarifications please do not hesitate to contact our qualified legal team, ready to provide you with further personalised information tailored to your needs and your profile.

You can email us:  or call/text us directly at: +306908351705

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Greece’s latest tax reform benefiting foreign pensioners

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In July of 2020, the Greek government passed a Law introducing a new flat tax regime, as far as foreign pensioners are involved. Law 4714/2020 (Gov. Gazette A148/31.07.2020) amending Law 4172/2013.

Said law concerns the new tax provisions, after the implementation of EU Directive 2017/1852, Dir. 2018/822, Dir. 2020/876, Dir. 2016/1164, Dir. 2018/1910 and Dir. 2019/475, in order to enhance financial growth and combat the dire financial consequences of the COVID-19. In the meantime, in September of 2020, they published the Ministerial Order No. A1217/2020 (Gov. Gazz. 4215/29.09.2020), providing for additional guidelines.

According to the above-mentioned legal framework, foreign pensioners having transferred their tax residence in Greece are, from now on, subject to a single annual tax of 7% upon their global income.

This means that as soon as the third country citizen is a pensioner, they can apply for the Greek alternative Non-Dom regime. The fact that they may have further income deriving from other sources does not affect their right to apply for the above regime as a pensioner.

Alternative Non – Dom tax regime for pensioners, foreign citizens, who transfer their tax residence in Greece

The new Article 5B of the Law 4172/2013 stipulates that a pensioner is subject to an alternative tax regime for the income earned abroad, as long as they fulfill the following cumulative conditions:

1.    Their income deriving from the pension is earned abroad.

2.    They transfer their tax residence in Greece.

3.    They weren’t a tax resident of Greece for the past 5 out of 6 years prior to the transfer of their tax residence in Greece.

4.    The state from which they transfer their tax residence has acceded to a treaty for administrative co-operation in the field of taxation with Greece.

5.    For the acknowledgment of the capacity as a pensioner, the taxed person shall present any document issued by the Social Security Organization or any other social security institution or professional association or insurance company proving the payment of pension abroad by a main or auxiliary social insurance institution, professional associations etc.

Application Deadline

The application for the transfer of the tax residence in Greece needs to be submitted by the 31st of March of the respective fiscal year. During the same deadline, it is possible for the natural persons who have already transferred their tax residence in the previous year to also file the relevant application.

Application Procedure

Within 60 days since the submission of the application, the Tax Administration is reviewing the application and issuing a decision, either approving or rejecting the petition. The pensioner shall declare to their application the country in which they had their last tax residency until the filing of the application. The Greek Tax Authority will notify the Tax Authorities of said country for the transfer of the Tax Residency.

Approval of the application

If the relevant application is approved, the pensioner’s income shall be subject to a 7% tax rate upon the total global income earned abroad, paid annually. Said tax needs to be paid in one installment until the last working day of the fiscal year, i.e. the last working day of the month of July, and cannot be netted with other fiscal obligations or any credit balances of the tax person who has entered the alternative Non – Dom tax regime.

Upon the payment of the aforementioned tax, their tax obligation is exhausted.

This tax rate shall be valid for the 15 fiscal years following the approval, while this favorable regime starts from the year following the fiscal year for which the application was submitted.

Taxes paid in third countries

The tax of 7% is not imposed to incomes exempted from taxes at the country of residence pursuant to the provisions of Double Taxation Convention.

Any tax paid abroad for incomes covered by the alternative Greek Non-Dom tax regime will be deductible from the tax imposed in Greece, as long as:

a) the Double Taxation Convention (if any) stipulates the right of taxation for both

of the countries,

     or

b) there is not a Double Taxation Agreement.

Attention

If the taxpayer fails to pay the entire amount of the tax for the year, they shall no longer be subject to the alternative regime and will be taxed, from that moment on, according to the provisions of the Fiscal Code.

Revocation

The taxpayer retains the right to revoke their application at any fiscal year during the 15 years of the enforcement period. In case of revocation, the pensioner is subject to the regular provisions starting from the fiscal year when the application for revocation was submitted.

Content of the tax declaration according to the alternative regime

According to Art. 67 of the L. 4172/2013, all taxpayers above must declare all of their incomes, whether they are exempted or not, electronically. Under special circumstances, taxpayers are allowed to submit the declaration in paper form to the Tax Administration. Specifically for the pensioners subject to the alternative tax regime, they are obliged to declare all income arising in Greece and all income arising abroad that is subject to the alternative tax system.

Amoiridis Law Services ®, having successfully represented numerous international clients, coming from more than 60 countries, can assist you during the entire transfer of your tax residence and the application process in order to benefit from the latest flat tax regime.

Our experience, built through the years, allows us to offer our almost exclusively international clientele a full package of services, comprising of everything from property law to investments. In cooperation with our network of external associates, involving both in-house and external solicitors, notaries, accountants, tax experts, civil engineers, topographers, realtors etc., we can provide you with an all-in-one package of services concerning all aspects of the procedure.

For any further information and clarifications please do not hesitate to contact our qualified legal team, ready to provide you with further personalised information tailored to your needs and your profile.

You can email us:  or call/text us directly at: +306908351705

Athens, November 2020

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Golden Visa Investments in Greece Navigating through the Pandemic

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Ever since the global recovery from the financial crisis, more and more High-Net-Worth Individuals have concentrated a significant part of their efforts into wealth management planning, aiming to discover new ways to secure their investments. Investing in real estate, in countries where tax incentives for wealthy individuals have proliferated, has been one of the most prominent methods, in the past three years, to accomplish that.

Yet, predictions following the turbulent events of 2020 were ascertaining a decline in wealth movement due to the highly volatile conditions caused by the COVID-19 pandemic globally. However, that was not the case. Instead, the need for wealth management planning and diversification of wealthy individuals’ portfolios became more apparent than ever, leading wealthy individuals into a re-assessment of their business and lifestyle needs. In that context, real estate investments, accompanied by residence and citizenship rights and privileges, are rapidly becoming essential assets for those individuals wishing to not only maintain but also increase their network value.

That being said, the residence and citizenship benefits offered by most EU Member-States have attracted High-Network Individuals from all around the globe. Mainly basing their investment decisions on tax benefits, safety, market access and considering the ramifications of Brexit, more and more individuals pursue such investment opportunities in countries with a business-friendly approach in their immigration schemes, such as Greece.

In concrete terms, Greece has experienced a tremendous increase of investors benefiting from its Golden Visa legislation, concerning real estate investments, rendering it an ideal destination for many. Indicatively, until September of 2020, the number of applications for residence permits based on the Golden Visa program has reached the 7903 applications. While Asian and European citizens still form the majority of investors, the number of American, Canadian and Australian citizens is also increasing rapidly.

Being among the most experienced law firms in this sector in Greece, Amoiridis Law Services® is focusing all efforts into assisting our vast international clientele navigate in these times of uncertainty and successfully proceed with their investments. If you are one of the many interested in investing in Greece, taking advantage of the residence and citizenship benefits offered, do not hesitate to visit our website (https://www.law-services.gr/golden-visa-in-greece/) and contact us directly for further information.

For any further information and clarifications please do not hesitate to contact our qualified legal team, ready to provide you with further personalised information tailored to your needs and your profile. You can email us: /" target="_blank" rel="nofollow noopener"> or call/text us directly at : +306908351705

Athens, September 2020

All rights reserved, Amoiridis Law Services®

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BREXIT’S RAMIFICATIONS ON UK CITIZENS’ RIGHTS in GREECE

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The extrapolations of Brexit on the affairs of United Kingdom and European Union is a salient matter concerning many UK and EU citizens and their family members either living, working, studying in EU member states or UK respectively, either planning to do so.

The right for every EU citizen and their family members to live, work or study in any EU Member State was one of the foundations of the European Union. Many EU and UK citizens have made their life choices based on rights related to free movement under Union Law.

Brexit does not only affect the life and the choices of UK and EU citizens, but also the operation of enterprises activating both in United Kingdom and European Union.

Withdrawal Agreement

On 01.02.2020 “Political Brexit” has occurred. United Kingdom exited European Union signing the Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community (Withdrawal Agreement) published on 31.01.2020 at L 29/7 Official Journal of the European Union.

The Withdrawal Agreement stipulates the rights of UK citizens and their family members currently residing in EU member states or planning to reside in EU Member States till 31.12.2020.

Transition Period

transition or implementation period is stipulated under Art. 126 of the Withdrawal Agreement. Pursuant to the said article there shall be a transition or implementation period, which shall start on the date of entry into force of the Agreement, namely on 31 January 2020, and end on 31 December 2020.

During the transition period Union law shall be applicable to and in the United Kingdom.

On the end of the transition period the “Economic Brexit” will occur and will bring important and definite changes in many areas.

Negotiations on the conditions of the Future Relationship

As of March 2020, European Union and United Kingdom have initiated the negotiations regarding in order to finalize the terms and conditions of their future relationship. The negotiation period will last till the end of the transition period.

In the end of negotiations two contingencies may occur a) the negotiations may come to a unique inclusive agreement or b) the negotiations may come to an aggregate of individual sectoral agreements concerning all the sectors of common interest.

Future Relationship without Agreement

In case that United Kingdom and European Union will not come to an agreement regarding their future relationship till the end of the transition period, then United Kingdom will finally withdraw from European Union without any trade or other agreement. The commercial relationships between the parties will be governed by WTO rules.

The above scenario will entail dire ramifications to citizens, enterprises, public administrations, trade, transportations, financial and credit system and to other salient sectors concerning the relationship between European Union and United Kingdom.

Future relationship with an Agreement

The negotiating position of European Union regarding the future relationship that United Kingdom wish, is depicted in the European Commission’s negotiating order as approved by the General Affairs Council on 25th of February 2020.

This negotiating order advocates the adoption of a unique and inclusive agreement including sections regarding all the individual sectors of common interest (trade, transport, fishery, data exchange, police and judicial co-operation, defense and security etc).

United Kingdom has clearly expressed its preference for a separate Free Trade Agreement and separate sectoral agreements for the rest of matters of common interest.

Greek Legal Framework

Greek Law 4652/2020 “Provisions regarding the withdrawal of United Kingdom from European Union and other provisions” (published at Gov. Gazz. A’ 9/23.01.2020) adopted on 23 January 2020, abolished Articles 123-127 of Law 4604/2019  (published at Gov. Gazz. Α’ 50/26.03.2019), regulating the legal status and the entitlements of British citizens from the date of UK withdrawal until 31 December 2020 in the case of ratification of the Withdrawal Agreement and in the case of no deal scenario.

The Withdrawal Agreement was ratified and put into force on 31 January 2020. Hence, the provisions of the above Greek Law referred to no deal scenario are not put into force. 

In virtue of Art. 10 of L. 4652/2020 regarding the “Entitlements of UK citizens and their family members in case of withdrawal of United Kingdom from the European Union from the European Union with Withdrawal Agreement”:

1.             a) In case of entry into force of the Withdrawal Agreement of United Kingdom from the European Union, the provisions of the Part 2 (citizen’s rights) of the Withdrawal Agreement are implementedin particular the provisions of the Article 18 regarding the residence of UK citizens and of their family members in the European Union and any other matter relevant to their entitlements.

b) With a relevant decision of the Minister of Citizen’s Protection, the competent authorities for the issuance of the residence documents of the citizens of United Kingdom and their family members could be refined pursuant to the provisions of the Withdrawal Agreement. With the same decision are determined the details, in particular the matters of its implementation, and matters relevant to the examination of pending requests.

2.  a) In case of entry in force of the Withdrawal Agreement of the United Kingdom from European Union, the provisions of the Part 2 (citizen’s rights) of the Agreement regarding the access into the labor, the social insurance and the health care and hospital treatment, the recognition of professional and academic qualifications and the use of the driving licence issued by the United Kingdom are implemented.

 b) With a joint Decision of the Minister of Foreign Affairs, Citizen’s Protection, Labor and Social Affairs, are regulated especially the residence permits categories which UK citizens receive and their family members, either they are UK citizens or third country citizens, from the One – Stop Services of De-centralized Administrations of their place of residence.

On 18.02.2020 the Secretary General of Immigration Policy, Reception and Asylum published the with Protocol No. 5864/2020 Document addressing to all the Decentralized Administrations of the Country, according to which the rights, the conditions of residence and the residence documents of the third country citizens, family members of UK citizens residing or applying for residence in Greece, pursuant to the provisions of the Presidential Degree (P.D.) 106/2007 “Free movement – residence in Greece of European Union Citizens”, as in force, will remain invariable till the end of the transition period, namely the 31.12.2020.

Presidential Degree (P.D.) 106/2007 “Free movement – residence in Greece of European Union Citizens”

Art. 7 of P.D. 106/2007 stipulates the requirements that shall be fulfilled in order for an EU citizen to be entitled to reside in Greece for a period longer that three months. The provisions of the said article will remain in force till the end of the transition period.

Art. 7 of P.D. 106/2007 “Right of residence for more than three months”

(Art. 7 and 14 of the Directive 2004/38/EC)

1.European Citizens shall have the right of residence on the territory of Greece for a period of longer than three months if they:

(a) are workers or self-employed persons; or

(b) have sufficient resources for themselves and their family members not to become a burden on the social assistance system of the country during their period of residence and have comprehensive sickness insurance cover; or

(c) are enrolled at a private or public establishment, accredited or financed by the Greek State on the basis of its legislation or administrative practice, for the principal purpose of following a course of study, including vocational training; and have comprehensive sickness insurance cover in Greece and assure the relevant police authority, by means of a declaration or by such equivalent means as they may choose, that they have sufficient resources for themselves and their family members not to become a burden on the social assistance system of the country during their period of residence; or

(d) are family members accompanying or joining a Union citizen who satisfies the conditions referred to in points (a), (b) or (c).

2. The right of residence provided for in paragraph 1 shall extend to family members who are not nationals of a Member State, accompanying or joining the Union citizen in Greece, provided that such Union citizen satisfies the conditions referred to in paragraph 1(a), (b) or (c).

3. For the purposes of paragraph 1(a), a Union citizen who is no longer a worker or self-employed person shall retain the status of worker or self-employed person in the following circumstances:

(a) he/she is temporarily unable to work as the result of an illness or accident;

(b) he/she is in duly recorded involuntary unemployment after having been employed for more than one year and has registered as a job-seeker with the relevant employment office;

(c) he/she is in duly recorded involuntary unemployment after completing a fixed-term employment contract of less than a year or after having become involuntarily unemployed during the first twelve months and has registered as a job-seeker with the relevant employment office. In this case, the status of worker shall be retained for no less than six months;

(d) he/she embarks on vocational training. Unless he/she is involuntarily unemployed, the retention of the status of worker shall require the training to be related to the previous employment.

4. When the Union Citizen resides in Greece, because he/she fulfils the conditions of the par. 1(c), by way of derogation from paragraphs 1(d) and 2 of this article, only the spouse and the dependent children shall have the right of residence as family members of a Union citizen meeting the conditions under 1(c) and par. 2 above. The entry and the residence of his/her dependent direct relatives in the ascending line and those of his/her spouse, shall be facilitated pursuant to the provisions of the par. 2 of Art. 3 of this Article.

5. Union citizens and their family members, independently of their nationality, shall have the right of residence as long as they meet the conditions set out in Art. 7. In specific cases where there is a reasonable doubt as to whether a Union citizen or his/her family members satisfies these conditions, checks shall be carried out by the police authorities with competence in matters concerning foreign nationals of their residence, for Union Citizens or their family members who are Union Citizens or the competent Aliens and Immigration Departments of the relevant Prefecture in case that the family members of the Union Citizen are third country citizens. These checks shall not be carried out systematically.

6. As long as the Union Citizen resides in Greek territory for study purposes, as their family members, who are third country citizens, are deemed to be only the spouses and the dependent children, as defined according to (a) and (b) of par. 2 of Art. 2.

” Pursuant to Art. 13 of P.D. 106/2007 (Art. 19 of Directive 2004/38/EC) 
as superseded by the par. 9 of Art. 42 of L. 4071/2012. “After verification 
of the length of residence of the Union Citizens being entitled to issue a 
residence permit, upon the presentation of the Certificate of Registration, 
the police authorities with competence in matters concerning foreign nationals 
of their place of residence, issue as soon as possible upon application 
which is filed in person, document certifying permanent residence.”

Hence, UK citizens, who enter Greece till 31.12.2020, are entitled to reside legally in Greece with the issuance of the Certificate of Registration. Their family members, who are third country citizens, are entitled to enter Greece till the aforementioned date, under the condition the filing of an application to the services of the Ministry of Immigration Policy for the issuance of the Residence Card according to the provisions of P.D. 106/2007.

”Issuance of Residence Documents pursuant to Art. 18 of the Withdrawal Agreement”

The host State may require Union citizens or United Kingdom nationals, their respective family members and other persons, who reside in its territory, to apply for a new residence status and a document evidencing such status which may be in a digital form.

Pursuant to Art. 18 of the Withdrawal Agreement, EU Member States have to provide for certain provisions securing rights of UK citizens. The deadline for submitting the application shall not be less than 6 months from the end of the transition period, for persons residing in the host State before the end of the transition period.

For persons who have the right to commence residence after the end of the transition period in the host State, the deadline for submitting the application shall be 3 months after their arrival or 6 months from the end of the transition period, whichever is later. This deadline shall be extended automatically by 1 year where the Union has notified the United Kingdom, or the United Kingdom has notified the Union, that technical problems prevent the host State either from registering the application or from issuing the certificate of application.

In both cases a certificate of application for the residence status shall be issued immediately.

Where the deadline for submitting the application for the persons who have the right to commence residence after the end of the transition period in the host State is not respected by the persons concerned, the competent authorities shall assess all the circumstances and reasons for not respecting the deadline and shall allow those persons to submit an application within a reasonable further period of time if there are reasonable grounds for the failure to respect the deadline.

Persons who, before the end of the transition period, hold a valid permanent residence document issued under Article 19 or 20 of Directive 2004/38/EC, namely the Certificate of Registration pursuant to Art. 13 of P.D. 106/2007, or hold a valid domestic immigration document conferring a permanent right to reside in the host State, shall have the right to exchange that document within 6 months from the end of the transition period for a new residence document upon application after a verification of their identity, a criminality and security check and confirmation of their ongoing residence.

Such new residence documents shall be issued free of charge.

AMOIRIDIS LAW SERVICES® is a Greek Law firm specializing, amongst other sectors, in Immigration Law having a wide range of experts, composed by both in-house and external solicitors, notaries, accountants, tax experts, civil engineers, topographers, real estate agents, enabling us to provide an “all-in-one package” of legal guidance.

As a single team with an international focus and creative thinking AMOIRIDIS LAW SERVICES® has successfully concluded numerous immigration cases tackling successfully any challenges that might arise, by representing an exclusively foreign clientele from all over the globe, providing high standard legal advice tailored to the personalized profile of our clients.

AMOIRIDIS LAW SERVICES® handles each case with devotion and creative spirit.           

For any further information and clarifications please do not hesitate to contact our qualified legal team, ready to provide you with further personalized information tailored to your needs and your profile. You can email us:  or call/text us directly at : +306908351705

Athens, May 2020

All rights reserved, Amoiridis Law Services®

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GREEK LEGISLATION ON INHERITANCE PROCEEDINGS (Estates, Wills & Heirs)

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  • PREAMBLE (APPLICABLE LAW)

According to the Greek Civil Code the citizenship of the deceased determines the applicable national law on matters of inheritance, potential heirs and their percentages to the inheritance. In case the deceased had multiple citizenships, then Greek nationality takes precedence. In case the deceased did not have Greek nationality, then the laws of the nationality which the deceased had stronger relations with prevail. In case of no nationality, laws of the habitual residence of the deceased and finally the law of their residence are applicable.

Pursuant to articles 21 and 22 of EU Regulation 650/2012, which is applicable in Greece regarding succession of persons who passed away since August 2015 and onwards, the law applicable to the succession as a whole shall be the law of the state in which the deceased had their habitual residence at the time of death. Furthermore, a person may choose as governing law the law of the state whose nationality they possess at the time of their choice or at the time of their death.

 

  • REGARDING THE CONTENT OF THE INHERITANCE

The inheritance consists not only of the deceased person’s real estate and movable assets, but also their liabilities (private debts, taxes due to the Public State, social security debts, loans etc.).

 

  • PROVISIONS OF GREEK INHERITANCE LAW REGARDING SUCCESSION & TESTAMENT CATEGORIES

According to Greek inheritance law there are two ways of succession:

  1. a) Intestate succession in case there is no will (testament) drawn up by the deceased and concerns surviving spouse and blood relatives.

When the deceased has died intestate, certain relatives of the deceased become heirs by order of proximity and acquire joint ownership of all assets of the deceased (community of heirs). The heirs are grouped based on a rank or “class” system, with each rank taking precedence over the next one. In an intestate succession, thus, the descendants of the principal shall be called in the first rank. The nearer descendant shall exclude the more remote of the same strips. In the place of a descendant who is not living at the time of the opening of the succession, their own descendants shall be called in their stead (succession per stripes).

If no relatives exist in one class, then the estate passes on to the second class etc.:

  • 1st class: Children of the deceased and the descendants of any pre-deceased child, with equal portions.
  • 2nd class: Parents of the deceased, their siblings and the descendants of any pre-deceased sibling.
  • 3rd class: Grandparents of the deceased or their children or grandchildren.
  • 4th class: Great grandparents of the deceased.
  • 5th class: The spouse’s inheritance right runs concurrently with the first four classes.

IMPORTANT NOTE: If a spouse inherits along with first class heirs, they are entitled to a percentage 25% of the inheritance. In all other cases, the spouse is entitled to receive 50% of the inheritance or 100% when no other relative exists. The spouse is also entitled to receive as accretion, independently of their rank, the furniture, utensils, clothes and other similar domestic objects that were being used either by the surviving spouse alone or by both spouses. However, when there are also living children of the deceased spouse, their needs are taken into consideration where applicable.

  • 6th class: The Greek State.

 

  1. b) Succession by virtue of a testament

According to the relevant provisions of Greek Inheritance Law there are three basic types of wills in Greece:

  1. The holographic will. This type of will is handwritten by the testator in their language. The will is dated and signed by the testator and is free of any legal formalities. The testator has the right to give the will to a Lawyer or a Notary Public or any other legal agent for safekeeping.
  2. The public will. In this case, the testator declares verbally his last will before a Notary Public and in the precense of three witnesses or a second Notary Public and one witness. The witness must not be a relative of the testator, nor can they be mentioned as beneficiaries in the will.
  3. The secret (mystic) will. This type of will is handwritten or typed by the testator or another person and bears the signature of the testator. The testator hands the will to a Public Notaty in the presence of three witnesses (or a second notary and one witness), making an oral declaration that the document is their final will and testament.

All types of wills must be published to the competent Magistrate’s Court of the place of the deceased person’s last residence. In case of a public will (before a notary), the notary public is obliged to publish it to the competent court, as soon as they are informed of the principal’s death. In case of a private, written at hand will, the person possessing this will undertakes to initiate the proceedings for its publication. If the deceased was living abroad, the publication proceedings can be arranged either via a motion before the First Instance Court of Athens or through the Greek Consulate. Alternatively, if the will has been published by a foreign Court, it has to be registered to the First Instance Court of Athens.

 

  • PROCEDURE FOR THE ESTABLISHMENT OF THE HEIR’S RIGHT TO INHERIT

a. Preliminary actions (collaboration with land registries, municipality registries and Athens special registry)

Establishing the existence of a will

With the personal identification data of the deceased person, including the crucial information of the exact date of their death and the location of their last residence, a research can be conducted through the competent court secretariat to establish if the deceased had drafted a will before their death. The publication of the will is necessary so as to proceed to the stage of the inheritance acceptance.

Preparing the family tree and locating all potential heirs

The complete family tree and the marital status of the deceased are necessary so as to establish who is entitled to be called to inherit and estimate the proper inheritance portions based on the living inheritors and their rank.

To this end, collaboration with the competent Municipality Registry office/es is required, in order to search for the deceased’s family entry (“oikogeneiaki merida” in Greek). Proof of a heir’s right is also established by a special certificate called “next of kin” (“pistopoiitiko plisiesteron siggenon” in Greek), issued by the Municipality where the deceased was registered, provided that the interested relative is also registered to the competent Municipality family entry. This certificate can be also issued upon request via a Citizen Service Center (KEP).

  • IMPORTANT NOTE: The registration of events, such as births, marriages and deaths from residents abroad are conducted before the Athens Special Registry of the Greek Ministry of Interior, which subsequently updates electronically the local municipality registry offices. This procedure can be concluded either via the Greek Embassy at the place of the heir’s residence either with the assistance of a lawfully authorized attorney at law and the submission of the necessary documentation directly to the Athens Special Registry. The latter process is speedier than the process conducted via the Embassy. To conduct such registrations, all certificates of events (marriage, death or birth certificates) to be registered must be notarized or legalized according to the applicable provisions per country (attestation with Apostille for countries that are members of the Hague Convention of 5 October 1961 or attestation by the competent public authority/ies in collaboration with the local Greek Embassy).

Regarding the research of properties

Irrespective of the purpose of the research, i.e. if it is conducted for the purpose of buying or inheriting a property, the status (ownership, legal burdens, securities etc.) of the property can be verified with a research in the competent Land Registry according to the exact location of the property, either based on the ownership title (which includes the names of the owners) or based on the full name and personal data (parents’ names included) of the alleged owner. Such research will extent also to all persons included in the deceased person’s family tree, so as to ascertain if any of the heirs have accepted their own portion to the inheritance.

The exact location of the properties (city, municipality) is crucial so as to ascertain the competent land registry for the research, especially since the Greek National Cadaster database is still under construction for many municipalities of the Greek State and the greatest municipalities of the country have multiple land registry offices.

b. The acceptance of inheritance

The last step for the heir is to accept the inheritance by signing the relevant notarial deed before a Notary Public, which will then constitute the ownership title, as soon as it is registered at the local land registry office or national cadaster. The acceptance of the inheritance is crucial in case there is interest to further sell or donate the property.

Supporting documentation and requirements

  1. In case the inheritor does not wish to travel to Greece, they can sign a Power of Attorney (PoA), authorizing an Attorney at Law to conclude on their behalf all the required procedural steps before the competent court, Municipality and Land Registry/Cadaster for the purpose of the research on the inherited property, as well as sign the notarial deed of the inheritance acceptance. Additional mandates may refer to real estate services and property management services such as, indicatively, identification of for-sale properties, negotiation with potential sellers, finding tenants, representing the principal in lease contracts signing and termination, collection of rents, handling security deposits, being responsible for maintenance and repairs etc.
  2. Every owner of real estate in Greece must hold a Greek Tax Identification Number (T.I.N.). Residents abroad need also appoint a specific person residing in Greece to act as their tax representative. The deceased person’s TIN is also required.
  3. A variety of documents and certificates need to be collected. Such documentation includes, indicatively, purchase contracts or other ownership titles of the deceased or their predecessors, death certificates, copy of any existing testament and its publication, certificates proving who are the closest surviving relatives or prove that no publication of will and no dispute of the heir’s inheritance rights has taken place. Pending registrations of births, marriages, deaths to the Athens Special Registry must also be concluded.
  4. Submission of tax declaration and payment of the Inheritance Tax (where applicable). The execution of any Notarial document, by virtue of which ownership on recently inherited properties is conveyed, is prohibited, without the prior documented tax clearance that there is no Greek inheritance tax due (tax free inheritance or payment up in full). Certificates regarding the settlement of the Single Real Estate Property Tax («ENFIA») for the previous 5 years minimum need also be collected.
  5. A civil engineer must be appointed in order to make an on-site visit of the Estate and investigate if there are illegal structures, since it is required to submit to the Notary Public a relevant certificate signed by the civil engineer that no illegal constructions exist, by virtue of Law 4178/2013 and current law in force 4495/2017, accompanied with contour or floor plans.
  6. Signing of the inheritance acceptance and registration of the notarial deed to the competent land registry/national cadaster.

c. Regarding the bank accounts

In case that the deceased was holder of bank accounts in Greece, the heir must comply with the different policy each bank may implement in order to approve the heir as the beneficiary of the deceased’s accounts.

The common documents that need be collected and presented to the bank are the following:

  1. Certificate of registration of the passing of the deceased person.
  2. Certificate of closest relatives of the deceased person.
  3. Certificate regarding non-insinuation of testament of the deceased person.
  4. Certificate regarding non-dispute of the inheritance right.
  5. Certificate regarding non-disaffirmance of inheritance.

d. Certificate of Succession (“klironomitirio”)

The issuance of a Certificate of Succession is suggested in cases that no certificate of next of kin can be issued and a specific certificate is necessary to confirm the right of inheritance and the portion attributable to a heir. A person who is qualified as an heir on the certificate of succession is deemed to have the right of inheritance referred to therein. A legal transaction entered into a person indicated as an heir in the certificate of succession with a third party is valid for the benefit of the third party except if the third party was aware of the inaccuracy of the certificate of succession or of its revocation by a court judgment.

Note should be made that by virtue of Regulation (EU) No 650/2012 (the “EU Succession Regulation”) which applies to all Member States, save for Denmark, Ireland and UK with regards to the succession of persons that pass away after August 17, 2015, a European Certificate of Succession is introduced for the scope of enabling heirs, legatees, executors of wills and administrators of the estate to prove their status and exercise their rights or powers in other EU countries. Once issued by the competent court, the European Certificate of Succession is recognized in all EU countries without any other procedure being required.

 

  • SPECIAL PROVISIONS

According to the Greek Civil Code, a heir that wishes to renounce their hereditary right has to do so within 4 months from the date of death or publication of the testator’s will or from the day they were informed that they are called to inherit the ancestor following the renunciation of other ancestors in line of succession. For non-Greek residents or in case the deceased themselves resided abroad, the abovementioned time limit is extended up to 1 year from the above crucial dates.

Renunciation (“apopoiisi”) is performed with an official declaration to the Competent Court of the place where the deceased had their last residence. The official declaration must be submitted along with the following documents:

–      Applicant’s identity card

–       Death certificate of the ancestor

–       Power of Attorney (PoA)

(optional) Certificate of the closest living relatives of the deceased at the time of their death.

Contesting a will in case the potential heir has grounds to believe that the will may have been falsified or may have been signed by a testator under threat or other circumstances influencing their actual intent, or a testator lacking capacity to sign (persons placed under judicial assistance, deprived of general legal capacity or specifically the capacity to draw up a will, persons lacking consciousness or spiritual or mental clarity affecting the functioning of their will etc.) can be pursued by filling a specific action before the competent Court of First Instance. Short limitation period for the enactment of this right is provided specifically for dispute of the will on grounds of fraud, threat or false belief.

A testator may generally disinherit any person, aside from a category of close relatives which are considered compulsory heirs by law. In specific, the law provides that the testator’s parents, surviving spouse and children cannot be excluded from the estate, unless there are certain grounds determined by law for their exclusion (in case there are children, parents can be excluded). These heirs are entitled to a minimum portion (compulsory share or “nomimi moira” in Greek) to the inheritance, which is half the share they would be entitled to in case of intestate succession. The compulsory heir has the right to file a lawsuit demanding the acknowledgement that their exclusion from the estate renders the will invalid, as well as file a lawsuit against the rest heirs claiming their hereditary portion (“agogi peri klirou”).

The determination of a compulsory share is made on the basis of the condition and value of the estate at the time of demise of the principal after deduction of the debts, the funeral expenses and the expenses relating to the inventory of the estate. To the above net assets of the estate are added all assets donated to the compulsory heir as well as any assets donated by the principal during the last ten years of his life except if the donation was made for reasons of decency or special moral duty.

In case the estate does not suffice to cover a compulsory share, the beneficiary of such compulsory portion or his successors may file an action against the done (recipient of the gift) or his heirs for the rescission of the donation to the extent necessary to cover the compulsory share. The right to file such lawsuit is prescribed two years after the demise of the principal.

For any further information and clarifications please do not hesitate to contact our qualified legal team, ready to provide you with further personalized information tailored to your needs and your profile. You can email us:  or call/text us directly at : +306908351705

https://www.law-services.gr/greek-legislation-on-inheritance-proceedings/

Athens, Μay 2020

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Закон об иммиграции и гражданстве

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Уже более 10 лет мы также предлагаем профессиональные услуги, исходящие из Закона об иммиграции и гражданстве, такие как:

  • Вид на жительство для инвесторов третьих стран и членов их семей (супругов, детей и родителей), в соответствии с инвестиций в недвижимость,
  • Общая инвестиционная деятельность и инвестиционная стратегия (для получения дополнительной информации, пожалуйста, нажмите здесь).
  • Программы золотой визы в Греции (для получения более подробной информации, пожалуйста, нажмите здесь).
  • Приложение о натурализации
  • Приложения об иммиграции
  • Апелляции по иммиграции
  • Поддержка процедуры по выдаче консульской визы и т.д.

Учитывая превосходное предоставление услуг клиенту, мы имеем координирующую и контролирующую роль во всем процессе в тесном сотрудничестве со всеми заинтересованными сторонами (консульства, министерства, государственные органы, местные муниципалитеты и т.д.).

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Наследственное право

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Компания AMOIRIDIS LAW SERVICES® является одним из ведущих в предоставлении консультаций по наследственным вопросам, предлагая профессиональную консультацию по любому вопросу, связанному с наследственным правом (наследование). Наши услуги включают в себя:

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  • Проведение обширного исследования для подтверждения завещаний (голографических, явных или скрытых) и мониторинг активов умершего (недвижимость, банковские счета или другой дебиторской задолженности), на которые вы имеете право в качестве наследника
  • Определение прав наследования по завещанию посредством правил завещания или доли минимального вынужденного наследования, в соответствии с греческим законодательством
  • Оформление вашего имущества в компетентных греческих органах (Национальный кадастр, в районах, где это применяется) и получение соответствующего свидетельства о регистрации
  • Получение сертификатов в соответствии с вашим наследственным делом, такими как:
    • Свидетельство о регистрации смерти умершего человека
    • Свидетельство о ближайших родственниках умершего
    • Свидетельство о правильности завещания умершего
    • Свидетельство о неоспоримости права на наследство
    • Свидетельство о недопущении отказа от наследства
  • Поддержка при принятии или отказе в наследстве
  • Консультирование по вопросам налогообложения наследства
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Собственность и недвижимость

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Компания AMOIRIDIS LAW SERVICES® гордится тем, что представляет многих своих клиентов по всему миру (будь то юридические или физические лица) по вопросам собственности и недвижимости в Греции для коммерческих или личных целей. Наши услуги включают в себя:

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  • Правовая экспертиза в Национальном кадастре и органах градостроения, чтобы подтвердить состояние недвижимости (титулы собственности, юридические препятствия и т.д.)
  • Переговоры с продавцами / покупателями для окончательной доработки условий сделки
  • Имущественные сделки (консультации с банками, открытие банковских счетов, консультации по финансовым вопросам)
  • Представительство в ходе подписания у нотариуса, если это применимо
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  • Услуги по управлению имуществом и недвижимостью, в том числе недвижимостью на продажу, которые лучше всего подходят под критерии владельца (например, тип недвижимости, имеющийся бюджет, приемлемое местоположение), ведение переговоров с потенциальными покупателями, а также исполнять обязанности управдома, как например, поиск арендаторов, представление владельца при заключении договоров аренды, получение арендной платы от арендаторов, управление вкладами, ценными бумагами, ответственность за техническое обслуживание и ремонт, истечение сроков действия договоров аренды и т.д.
  • Консультирование в области налогообложения
  • Вид на жительство для приобретения недвижимости стоимостью свыше 250 000 евро, в том числе программы выдачи золотой визы, где это применимо (для получения дополнительной информации, пожалуйста, нажмите здесь).

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Предпринимательское и корпоративное право

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Удовлетворение потребностей наших клиентов демонстрирует опыт и новаторскую профессиональную поддержку, предлагаемую нами по любым вопросам, связанными с предпринимательским и корпоративным правом.

Наши услуги включают в себя:

  • Регистрацию любой компании (АО, ООО, частнокапиталистические компании и т.д. — Для получения дополнительной информации, нажмите здесь) в том числе каких-либо административных формальностей у нотариуса, в Торгово-Промышленной Палате, в налоговых органах и т.д.
  • Консультации по вопросам международных сделок, международной торговли, банковского права, банкротства и другим юридическим вопросам, связанными с бизнесом и корпоративными услугами, в том числе с трудовыми вопросами, с приобретением объектов недвижимости, со спорами по вопросам права собственности между арендодателем и арендатором, с защитой и восстановлением капиталов, халатностью на рабочем месте, вопросами акционеров и его партнеров и т.д.
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  • Консультирование по вопросам международных коммерческих контрактов (например, договоров по купли-продажи, договоров эксклюзивной дистрибуции, договоры управления гостиницами и т.д.), заключение таких договоров, переговоры с договаривающими сторонами
  • Надлежащий контроль
  • Разрешение споров в коммерческих и бизнес вопросах
  • Представительство в суде в случае судебных разбирательств, полученных от договорных отношений.

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Взыскание долгов

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Коллекторские агентства в Греции представляют собой многоступенчатую работу, которая требует отличных знаний по правовым вопросам, определеных навыков ведения переговоров и убеждения, а также превентивный подход к защите прав на реалистичных условиях. Компания AMOIRIDIS LAW SERVICES® обладает обширными знаниями в этой области, предлагая услуги по всей территории (независимо от того, где находится ваш должник), включающие в себя:

  • Внесудебные протесты и переговоры с должниками до начала любых юридических действий
  • Правовые действия по взысканию долгов в случае несоблюдения. Жалобы и применение платежного поручения в соответствии с греческим законодательством. Применение Европейского платежного поручения (в соответствии с Регламентом (ЕС) №. 1896/2006)
  • Внедрение исполнительного титула (в соответствии с Регламентом (ЕС) №. 44/2001)
  • Исполнение решений европейских судов
  • Исполнение исков (в том числе предварительных проверок по активам должника)
  • Представительство в суде (если должник предпримет прекращение применения временных мер), включая депозиты состязательных бумаг и доказательств;
  • Заявки на действия промежуточных решений (например, замораживание временных мер, обязательных временных мер, запретительных временных мер и т.д.), подтвержденные истцом, как утверждения ответчика, которые могут нанести непоправимый ущерб истцу.

AMOIRIDIS LAW SERVICES®

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