Italy, Cyprus, Portugal, Greece: Tax Rates & Personal Tax Compared

Side-by-side breakdown of tax rates, personal tax, startup ecosystem, and 6 more dimensions for founders choosing where to incorporate in 2026.

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4 selectedClear all
🇵🇹Portugal
76
IFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)
🇨🇾Cyprus
81
Worldwide
🇬🇷Greece
70
Worldwide
🇮🇹Italy
70
Worldwide

Dimension Profile

Shape = jurisdiction fingerprint. Gap = your decision.

Tax Regime Comparison5
🇵🇹PortugalIFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)48%
🇨🇾CyprusWorldwide35%
🇬🇷GreeceWorldwide44%
🇮🇹ItalyWorldwide43%
Tax system mismatchCritical

Cyprus and Greece and Italy tax all worldwide income once you become a tax resident (top rate: 44%). Portugal does not - only locally-sourced income is taxed. This is a fundamental structural difference that affects your total effective tax burden.

Exit tax applies in one jurisdictionCritical

Portugal and Greece have an exit tax. If you establish residency and later wish to leave, you may owe tax on unrealized gains or assets at departure. The other countries in this comparison do not have an exit tax.

13pp personal tax rate spreadNote

Both countries tax worldwide income, but the top personal income tax rates differ materially. Portugal: 48% vs Cyprus: 35%. Both apply to all global earnings once you establish residency.

CFC rules apply in one jurisdictionReview

Portugal and Greece and Italy have Controlled Foreign Corporation (CFC) rules. Owning a foreign company as a resident may trigger local tax on undistributed profits - even if the company pays no dividends. The other country in this comparison does not have CFC rules.

Special tax regime available in one jurisdictionNote

Portugal (IFICI (Incentivo Fiscal para a Internacionalização de Competências e Investimento)) offers a qualifying program that may exempt foreign-source income from local tax for up to 10 years. This can significantly reduce your effective rate compared to the standard regime.

Not tax advice. Tax laws change frequently. Verify with a qualified professional before making residency decisions.

Field-by-Field Breakdown

Green = best value per row
Metric
🇵🇹Portugal76
🇨🇾Cyprus81
🇬🇷Greece70
🇮🇹Italy70
Dimension Scores
Corporate Tax
55
83
52
32
Funding
95
85
85
100
Visa
90
90
85
90
Residency
78
65
60
68
Tax Res.
45
70
45
55
Practical
91
86
83
83
Remote Work
69
64
79
64
Family
95
100
85
85
Ecosystem
90
65
65
65
Corporate Tax Details
Corporate Tax Rate21%12.5%22%27.9%
Capital Gains Tax28%0%22%26%
Tax Treaties786557100
Territorial SystemNoNoNoNo
Funding Details
Active VCs48201680
Government GrantsYesYesYesYes
EU Funding EligibleYesYesYesYes
Visa Details
Has Startup VisaYesYesYesYes
Processing Time906012060
Min Investment$0$30K$272K-
E-ResidencyNoNoNoNo
Digital Nomad VisaYesYesYesYes
Residency Details
Visa Programs Available3364
Citizenship Timeline57710
Dual CitizenshipYesYesYesYes
Immigration Score8766
Tax Res. Details
Tax Residency Days183183183183
Personal Tax Top Rate48354443
Territorial TaxationNoNoNoNo
Special Tax RegimeYesYesYesYes
Exit TaxYesNoYesNo
Practical Details
Banking Difficultymoderatemoderatemoderatemoderate
100% Foreign OwnershipYesYesYesYes
Company Formation351030
Virtual Office OKYesYesYesYes
Remote Work Details
Nomad VisaYesYesYesYes
Tourist Workgray_areagray_areaillegalgray_area
Tourist Visa Days90909090
PE Risk Levelmoderatemoderatemoderatemoderate
Days Before Tax Res.18360183183
Internet Speed856593117
Coworking/mo$180$180$175$275
Family Details
Safety Index82805465
Int'l SchoolsYesYesYesYes
Homeschoolinglegal_with_restrictionslegal_with_restrictionslegal_with_restrictionslegal_with_restrictions
Healthcare Quality76755982
Cost of Living68704055
Ecosystem Details
Unicorns6129
English Business EnvYesYesYesNo
Talent Pool Quality72606865

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