Economic and Trade Relations
Trade and investment between Greece and the UK
Total Greek exports to the UK amounted to 2.142 billion euros in 2022, while imports stood at 854.2 million. The UK was Greece’s 7th largest export destination, accounting for 3.9% of total Greek exports, and the 21st largest import market, accounting for 0.9% of total Greek imports.
The main goods exported from Greece to the UK in 2022 were mineral fuels, lubricants and related materials, food (mainly dairy products), manufactured goods classified chiefly by material, and chemicals (mainly pharmaceuticals). Imports from the UK included various machines and devices, cars and alcoholic beverages.
In 2021 Greece reported a trade in services surplus of 1.395 billion euros with the UK. In the three quarters to the end of Q3 2022, 3.8 million Britons visited Greece.
In 2021 the inward stock of foreign direct investment in Greece from the UK was 1.447 billion euros.
Buy from Greece
Use the Greek exporters directory of the Athens Chamber of Commerce and Industry to choose your suppliers from Greece: https://dir.icap.gr/acci/
Explore key Greek industries and invest in Greece
Tourism, energy, ICT, life sciences, food & agriculture, logistics, global business services and audiovisual productions are among Greece’s high-growth industries. Discover them, explore opportunities and learn about investment incentives and services for investors here: https://www.enterprisegreece.gov.gr/en/invest-in-greece
Greek Golden Visa program
Non-EU citizens and their family members have several options to obtain a Greek Residence Permit. A residence permit is an official document giving individuals the right to reside legally in Greece. Residence permits are renewed every five years. The holders can travel freely in the Schengen area for up to 3 months within a 6-month period and can purchase a car with Greek license plates. They have equal right to public education as Greek nationals. Employment rights depend on the type of permit issued.
For more information on qualifying investments visit Enterprise Greece, the official Investment and Trade Promotion Agency of Greece.
Before you apply for a Residence Permit you need to submit an application for a long-stay visa (national visa /D type visa) to Greece. Read more about visas here.
Incentives for foreign taxpayers
The Greek Ministry of Finance has introduced the following favourable tax regimes for individuals who transfer their tax residence in Greece:
Under the Greek non-domiciled tax regime, individuals pay a lump sum tax of € 100,000 on an annual basis regardless of the income earned abroad. The special tax regime can be used for 15 years.
Foreign Pensioners who transfer their tax residence in Greece pay annually a 7% income tax for their total income obtained abroad. The special tax regime can be used for 15 years.
Natural persons who transfer their tax residence to Greece and will be employed in new jobs or start a business as a self-employed person are entitled to an income tax break and exemption from the special solidarity levy, of 50% of the income they acquire in Greece for 7 years.
For eligibility criteria and to submit your application please contact the Tax Office for non-residents (tel. +30 210 820 4631/ +30 210 8204 607, e-mail:
).
Work from Greece
Are you self-employed, freelancer or employee and can work remotely? How about becoming a digital nomad in Greece?
Greece is among the top destinations for digital nomads offering great internet access and speed, a reasonable cost of living, widespread use of English, safety, excellent weather conditions and world renown hospitality. Need more information on how it might feel to work from Greece? Visit https://workfromgreece.gr/
If you want to become a digital nomad in Greece, you will need to apply for a long-stay visa (national visa /D type visa). Read more about visas here.
Travel to Greece
Or at least dream about it! The journey starts here: https://www.visitgreece.gr/
Need more information?
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