- Country Guide
- Greece
Greece
Last Update by Marta, 31 Mar 2025
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Exchange Rate
05 May 2025
Cost of Living
Indicative value for a working adult in a city: Athens
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (EUR) |
|---|---|
| McDonalds Set Meal | 9 |
| Monthly Train and Bus Tickets | 29 |
| 3 Bedrooms Rental (City Center) | 1,025 |
| 3 Bedrooms Rental (Outskirt) | 915 |
Current Inflation Rate
2.7%
Wage
Minimum Wages
- 880 EUR per month
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (EUR) |
|---|---|
|
Entry-Level
Fresh Graduate
|
950 |
|
Mid-Level
5 Years
|
1500 |
|
Experienced & Managerial Level
10 Years
|
2500 |
|
Specialized & Senior-Level
15 Years
|
3100 |
Annual Salary Growth
7.2%
Statutory Contribution
The monthly social security contribution cap for EFKA is set at EUR 7,572.62.
All contributions are paid monthly by the employer to the EFKA, up to the end of the following month.
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Pension Fund |
13.33% |
6.67% |
All staff maximum earnings capped at 7,572.62 per month |
| Supplementary Pension | 3.00% | 3.00% |
All staff maximum earnings capped at 7,572.62 per month |
| Healthcare | 4.3% | 2.15% |
All staff maximum earnings capped at 7,572.62 per month |
| Supplementary Healthcare in Benefit | 0.25% | 0.40% |
All staff maximum earnings capped at 7,572.62 per month |
| Unemployment | 1.41% | 1.65% |
All staff maximum earnings capped at 7,572.62 per month |
| Professional Risk | 1.00% | - | All staff |
| High Occupational Risk | 1.40% | 2.20% | All staff in certain industries |
Other Benefit
Other common employment benefits in Greece include:
- Private Insurance: 120 EUR per month
- Car Allowance: Around 50 EUR per month
- Meal Allowance: Around 75 EUR per month
- Gym Membership: 50 EUR per month
Income Tax
Residents
- Tax period: 1st January - 31st December
Country Level
| Taxable Income | Rate |
|---|---|
| Up to 10,000 | 9% |
| 10,001 - 20,000 | 22% |
| 20,001 - 30,000 | 28% |
| 30,001 - 40,000 | 36% |
| 40,001+ | 44% |
Non-residents
- Non-residents are taxed on Greek-source income only. The same tax rate applies.
-
A tax resident is an individual who meets one of following criteria:
- Residence in Greece for at least 183 days in a calendar year
- Have their centre of life interests in Greece
Working Hours
Statutory
40 hours
8 hours a day, 5 days a week
Typical practice
40 hours
Monday - Friday
Overtime
Overtime limit: 150 hours per year
- Overtime within the maximum limit - 140% salary
- Overtime above the limit - 160% salary
Employer has to notify he Authorities - Work on Sundays and public holidays - 175%
- Work at night - 125% salary
Employment Contract
Fixed-Term
Used for temporary, seasonal work or specific projects
Contract Format
Written.
It is possible to use a qualified electronic signature.
Payroll Currency
EUR
Probation
Cannot exceed 1/4 of the contract, up to a maximum of 6 months
Contract Period
Up to 2 years and can be renewed without any limits if justified by an objective reason. Contracts for extensions without objective reasons are restricted to 3 renewals
Termination
The contract may be terminated by the employer, the employee or by mutual agreement
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | - No notice | - No notice | - No notice |
| Notice Period - Regular | - No notice - Collective agreements may differ |
- No notice - Collective agreements may differ |
- No notice - Collective agreements may differ |
| Severance Pay | - | - Salary paid till end of the contract's natural expiry date | - Salary paid till end of the contract's natural expiry date |
Public Holiday
- 12 days
Country Level
| Date | Name |
|---|---|
| 01 Jan | New Year's Day |
| 06 Jan | Epiphany |
| 03 Mar | Clean Monday |
| 25 Mar | Independence Day |
| 18 Apr | Orthodox Good Friday |
| 20 Apr - 21 Apr | Orthodox Easter |
| 01 May | Labor Day |
| 15 Aug | Assumption Day |
| 28 Oct | The Ochi day |
| 25 Dec - 26 Dec | Christmas Day |
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave |
20 working days, 5 day week 24 working days, 6 day week |
All staff 1 extra day per completed year for the first 2 years After 10 years' service, 25 days for 5-day work week and 30 days for six-day week |
| Maternity/Special Maternity Leave |
17 weeks Can be extended up to 43 weeks |
All expectant mothers |
| Paternity Leave | 14 working days | All expectant fathers |
| Parental Leave |
4 months Until the age of 8 |
All parents |
| Sick Leave |
1 month Employment from 4 - 10 years: 3 month Employment for more than 10 years: 4 months Employment for more than 15 years: 6 months |
All staff, employed for at least 10 days |
Reference
- https://www.numbeo.com/cost-of-living/in/Athens
- https://ypergasias.gov.gr/en/social-security/insured-persons/insurance-contributions/
- https://ypergasias.gov.gr/en/labour-relations/individual-employment-relations/working-time-limits/
- https://www.usemultiplier.com/greece/employee-benefits-and-compensation
- https://www.kpsy.gr/index.php/publications/employment/24-greek-law-labour-law-in-a-nutshell
- https://ypergasias.gov.gr/en/labour-relations/collective-employment-relations/minimum-wage/
- https://ypergasias.gov.gr/ergasiakes-scheseis/atomikes-ergasiakes-sxeseis/lysi-symvasis-ergasias/
- https://www.dypa.gov.gr/en/epidoma-gonikis-adeias-1
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Contact UsCountry Guide - Greece
Last updated: 31 Mar 2025
Exchange Rate
Currency (EUR)
- 1 CNY = 0.185 EUR
- 1 USD = 1.32 EUR
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Athens
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (EUR) |
|---|---|
| McDonalds Set Meal | 9 |
| Monthly Train and Bus Tickets | 29 |
| 3 Bedrooms Rental (City Center) | 1,025 |
| 3 Bedrooms Rental (Outskirt) | 915 |
Current Inflation Rate
2.7%
Wage
Minimum Wages
- 880 EUR per month
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (EUR) |
|---|---|
|
Entry-Level
Fresh Graduate
|
950 |
|
Mid-Level
5 Years
|
1500 |
|
Experienced & Managerial Level
10 Years
|
2500 |
|
Specialized & Senior-Level
15 Years
|
3100 |
Annual Salary Growth
7.2%
Statutory Contribution
The monthly social security contribution cap for EFKA is set at EUR 7,572.62.
All contributions are paid monthly by the employer to the EFKA, up to the end of the following month.
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Pension Fund |
13.33% |
6.67% |
All staff maximum earnings capped at 7,572.62 per month |
| Supplementary Pension | 3.00% | 3.00% |
All staff maximum earnings capped at 7,572.62 per month |
| Healthcare | 4.3% | 2.15% |
All staff maximum earnings capped at 7,572.62 per month |
| Supplementary Healthcare in Benefit | 0.25% | 0.40% |
All staff maximum earnings capped at 7,572.62 per month |
| Unemployment | 1.41% | 1.65% |
All staff maximum earnings capped at 7,572.62 per month |
| Professional Risk | 1.00% | - | All staff |
| High Occupational Risk | 1.40% | 2.20% | All staff in certain industries |
Other Benefit
Other common employment benefits in Greece include:
- Private Insurance: 120 EUR per month
- Car Allowance: Around 50 EUR per month
- Meal Allowance: Around 75 EUR per month
- Gym Membership: 50 EUR per month
Income Tax
Residents
- Tax period: 1st January - 31st December
Country Level
| Taxable Income | Rate |
|---|---|
| Up to 10,000 | 9% |
| 10,001 - 20,000 | 22% |
| 20,001 - 30,000 | 28% |
| 30,001 - 40,000 | 36% |
| 40,001+ | 44% |
Non-residents
- Non-residents are taxed on Greek-source income only. The same tax rate applies.
-
A tax resident is an individual who meets one of following criteria:
- Residence in Greece for at least 183 days in a calendar year
- Have their centre of life interests in Greece
Working Hours
Statutory
40 hours
8 hours a day, 5 days a week
Typical practice
40 hours
Monday - Friday
Overtime
Overtime limit: 150 hours per year
- Overtime within the maximum limit - 140% salary
- Overtime above the limit - 160% salary
Employer has to notify he Authorities - Work on Sundays and public holidays - 175%
- Work at night - 125% salary
Employment Contract
Permanent
Probation
6 - 12 months
Termination
The contract may be terminated by the employer, the employee or by mutual agreement
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | - No notice | - No notice | - No notice |
| Notice Period - Regular | - Up to 3 months notice - Collective agreements may differ |
- Under 12 months' service: no notice required - 12 months - 2 years: 1 month - 2 - 5 years: 2 months - 5 years - 10 years: 3 months - Over 10 years: 4 months |
- Under 12 months' service: no notice required - 12 months - 2 years: 1 month - 2 - 5 years: 2 months - 5 years - 10 years: 3 months - Over 10 years: 4 months |
| Severance Pay | - | Based on the last months' salary - staff with under 12 months service are not eligible - 12 months - 4 years' service: 2 months’ gross salary - 4 - 6 years' service : 3 months’ gross salary - 6 - 8 years' service: 4 months’ gross salary - 8 - 10 years' service: 5 months’ gross salary - 10 full years' service: 6 months' gross salary - Every full year over 10 years: 1 additional months' gross salary |
Based on the last months' salary - staff with under 12 months service are not eligible - 12 months - 4 years' service: 2 months’ gross salary - 4 - 6 years' service : 3 months’ gross salary - 6 - 8 years' service: 4 months’ gross salary - 8 - 10 years' service: 5 months’ gross salary - 10 full years' service: 6 months' gross salary - Every full year over 10 years: 1 additional months' gross salary |
Fixed-Term
Used for temporary, seasonal work or specific projects
Probation
Cannot exceed 1/4 of the contract, up to a maximum of 6 months
Termination
The contract may be terminated by the employer, the employee or by mutual agreement
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | - No notice | - No notice | - No notice |
| Notice Period - Regular | - No notice - Collective agreements may differ |
- No notice - Collective agreements may differ |
- No notice - Collective agreements may differ |
| Severance Pay | - | - Salary paid till end of the contract's natural expiry date | - Salary paid till end of the contract's natural expiry date |
Public Holiday
- 12 days
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave |
20 working days, 5 day week 24 working days, 6 day week |
All staff 1 extra day per completed year for the first 2 years After 10 years' service, 25 days for 5-day work week and 30 days for six-day week |
| Maternity/Special Maternity Leave |
17 weeks Can be extended up to 43 weeks |
All expectant mothers |
| Paternity Leave | 14 working days | All expectant fathers |
| Parental Leave |
4 months Until the age of 8 |
All parents |
| Sick Leave |
1 month Employment from 4 - 10 years: 3 month Employment for more than 10 years: 4 months Employment for more than 15 years: 6 months |
All staff, employed for at least 10 days |
Reference
- https://www.numbeo.com/cost-of-living/in/Athens
- https://ypergasias.gov.gr/en/social-security/insured-persons/insurance-contributions/
- https://ypergasias.gov.gr/en/labour-relations/individual-employment-relations/working-time-limits/
- https://www.usemultiplier.com/greece/employee-benefits-and-compensation
- https://www.kpsy.gr/index.php/publications/employment/24-greek-law-labour-law-in-a-nutshell
- https://ypergasias.gov.gr/en/labour-relations/collective-employment-relations/minimum-wage/
- https://ypergasias.gov.gr/ergasiakes-scheseis/atomikes-ergasiakes-sxeseis/lysi-symvasis-ergasias/
- https://www.dypa.gov.gr/en/epidoma-gonikis-adeias-1
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000