Pensioners' paradise Greece attracts with low taxes

Pensioners' paradise Greece attracts with low taxes

More and more German pensioners are choosing to spend their retirement abroad, with Greece being particularly popular as an attractive destination with a low cost of living and a mild climate. The Greek government lures foreign pensioners with low tax rates, with pensioners paying just seven percent income tax if they spend at least 183 days a year in Greece. This tax advantage is valid for 15 years and applies to all income earned abroad.

Rural regions in Greece are particularly popular with foreign pensioners because they offer peace, privacy and security. Experts recommend places that do not depend heavily on tourism to ensure good infrastructure and cultural offerings all year round. In addition, it should be noted that pickpocketing and car break-ins are increasing in large cities such as Athens.

To have a successful retirement in Greece, it is advisable to apply for a tax number early, secure a residence permit and find out about property prices. With a price per square meter of 1,330 euros, real estate in Greece is significantly cheaper compared to Germany. Good health insurance is also essential, as operations in private clinics are quicker but have to be financed out of your own pocket.

A realistic look at life in retirement in Greece shows that it is possible for a German retired couple to live comfortably on the island of Crete with a monthly pension of 1,200 euros. The rent is 550 euros for 140 square meters of living space with three terraces near the beach. After deducting all costs, they can even save money, showing that Greece can be an attractive retirement option.