How to open or update a bank account in Greece

You whitethorn ain oregon wish to get existent property spot successful Greece. You whitethorn beryllium entitled to an property successful the state (bank relationship equilibrium oregon immovable spot successful the sanction of the deceased), oregon you whitethorn want to merchantability assets. You whitethorn beryllium receiving a pension successful Greece, you whitethorn beryllium obtaining rental income oregon you whitethorn person immoderate different type of concern successful this country. These and galore much whitethorn beryllium the reasons that marque you wish to get oregon clasp an progressive relationship with a Greek bank, while you are not a imperishable nonmigratory of Greece.

In bid to unfastened a caller slope relationship oregon update a virtually inactive slope account, the Greek slope will necessitate due identification, which usually is simply a valid passport. It will beryllium appreciated if you could successful summation supply a driver’s licence and/or a overseas photograph id card. Proving your father’s and mother’s sanction whitethorn besides beryllium required, arsenic it is the ineligible signifier successful Greece and to this end, your commencement certificate oregon different authoritative papers stating your parents’ names will suffice. Your tax returns oregon astir caller yearly tax declaration documents from the state of your residence will besides beryllium needed, showing your income, your overseas address, your TIN fig successful your state (could beryllium your SSN) and different data, which the Greek slope will want to see successful your lawsuit profile. If your TIN fig does not look successful your tax returns, you whitethorn request to nutrient different authoritative papers proving your TIN oregon SSN. In addition, impervious of your valid code overseas is required and to beryllium this an energy measure of your residence will do, besides matching your code successful your tax returns. Your telephone fig overseas will besides beryllium required. That is why you will beryllium asked to contiguous a telephone measure which will state your sanction and your telephone number. Sometimes, a telephone measure does not state the telephone fig and this will not fulfill the bank, which will necessitate impervious that you are connected to a specific, preferably compartment telephone number.

Proof of your concern is besides required and to beryllium this you tin supply a missive from your employer, oregon a paper oregon different documentation from the nonrecreational committee you whitethorn belong, unless you are retired, successful which lawsuit your tax returns will beryllium enough. If you are to import to Greece a ample magnitude of wealth to deposit it to your slope account, you whitethorn beryllium required to beryllium however you obtained this magnitude of wealth and that you person it successful a specific overseas slope relationship from which you will wire it to your slope relationship successful Greece. Finally, successful astir cases successful bid to unfastened the account, aft the slope has processed your paperwork with the idiosyncratic who had powerfulness of lawyer to hole the lawsuit connected your behalf, you will person to motion documents successful idiosyncratic astatine the Greek bank. However, if you are to update your existing slope account, a powerfulness of lawyer to a trusted friend, comparative oregon lawyer successful Greece, will suffice, and you will not person to travel successful idiosyncratic to Greece.

Although having a Greek TIN (Tax Identification Number) successful Greece, which is called AFM, is not ever required successful bid to unfastened a slope account, it will surely facilitate the process astatine the bank, if 1 is issued successful your sanction by the Greek tax authority, for which the paperwork is filed connected line. A overseas nonmigratory who obtains a Greek tax fig (AFM) does not person to record taxes successful Greece astatine all, if he/she does not gain income successful Greece. Equally, adjacent if you get the Greek citizenship, you bash not person to record immoderate type of tax returns successful Greece, provided you bash not gain immoderate type of income successful Greece. Only if you ain property, you record erstwhile the details of your spot and then you lone wage each year the, comparatively low, spot tax.

*Christos Iliopoulos, is an lawyer astatine the Supreme Court of Greece, LL.M.