TaxWise Greece

Relocating to Greece? Start With the Right Strategy — Not a Bank Account

You want to relocate to Greece — but you don’t know where to begin.

Most people believe the first step is opening a Greek bank account or renting an apartment.

It isn’t.

The first and most important step is speaking with a Greek tax advisor who understands international relocation, cross-border taxation, and long-term compliance.

Relocation is not just a lifestyle move. It is a tax and legal transition that affects you and your family from day one.

Step 1: Understand the Greek Tax System Before You Move

Will you become a Greek tax resident?
When does tax residency officially begin?
How will your foreign income be treated?
Does a Double Tax Treaty apply between Greece and your home country?
Does your home country have a different tax year than Greece?

The first year of relocation is often the most complex. Without structured planning, you may face dual filing obligations, reporting issues, or unnecessary tax exposure.

Step 2: Obtain a Greek Tax Identification Number (AFM)

Your first official administrative step is obtaining a Greek Tax Identification Number (TIN/AFM). The AFM is a unique lifetime number. It cannot be deleted or replaced.

Non-tax resident
Greek tax resident
Married / Single
Entrepreneur / Employee
Active / Inactive

In most relocation cases, we suggest first registering as a non-tax resident. This provides flexibility and strategic control over your tax position.

The 183-Day Rule: Timing Matters

If you relocate before early July, you are likely to remain in Greece for more than 183 days within the calendar year, which may classify you as a Greek tax resident.

What Comes After the AFM?

Secure access credentials for Greek tax authorities
Registration on relevant public administration platforms
Guidance for property rental agreements

When Should You Open a Greek Bank Account?

Reference letter from your existing bank abroad
Copy of your latest foreign tax return
Proof of source of funds
Identification documents
Greek tax ID (AFM)

Do You Automatically Receive a Greek Social Security Number (AMKA)?

Living in Greece does not automatically entitle you to receive AMKA. AMKA is linked to economic activity and social insurance contributions.

Official employment in Greece
Establishing and operating your own business in Greece
Being the spouse of someone who holds AMKA and pays social contributions

AFM vs. AMKA: Understand the Difference

AFM (Tax Identification Number) – Required for tax and financial activities
AMKA (Social Security Number) – Required for social insurance and healthcare access

Planning to Move to Greece?

Before opening a bank account. Before signing a lease. Before transferring funds.

Speak with a Greek tax expert first.

A properly structured first step protects your wealth, reduces uncertainty, and ensures a smooth transition to your new life in Greece.

How can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.