/Real Estate & Hospitality
Greece
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Home · Ownership comparator

Personal · Company · Long-term.

Three ways the same property can be owned and operated, costed side-by-side. Personal-name STR with the operator fee. Company-owned STR with VAT, corporation tax and dividend withholding. And residential long-term rental as the conservative alternative — same asset, very different cash profile. Pick your country in the inputs panel — tax rates and VAT switch automatically.

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Important · Read first This website does not provide financial, legal, accounting or tax advice. All figures, scales and rates shown are illustrative only and rely on simplifying assumptions about VAT, corporation tax, dividend withholding, treaty relief, deductible expenses and your personal circumstances. Tax law and rates change; treaties differ; what applies to you depends on your country of residence, your existing income, the structure of any company you set up, and the specific property. Investors must not rely on this tool as a basis for setting up a company, choosing a rental strategy, signing a lease, or filing a return. Engage a qualified accountant in the country where the property is located, plus a tax advisor in your country of residence, before acting.

Inputs · property & scenarios

Configure once. Three results.

Same property, modelled three ways. The comparator updates as you type.

Walk through every input step-by-step, or jump straight to a multi-page PDF analysis.
▲ Country — tax & rules adjust
Tax brackets, VAT rate, corporation tax and dividend withholding all switch to the country you pick.

Asset identification

Used as the title in the analysis and PDF.
Reports addressed to this name.
You must set this yourself. Default is a deliberately conservative 2% — historic long-run averages for Athens, Lisbon and Dublin sit in the 3–6% range, with recent run-rates well above that in some neighbourhoods. Move the slider to your own assumption. Capital gains tax on eventual sale is excluded — net cash yield + appreciation is a pre-CGT, pre-leverage gross return.

Short-term rental scenario

256 nights/yr

Long-term rental scenario

Residential long-term rental is typically VAT-exempt and outside the STR licensing regime in all three jurisdictions.

Investor tax residency

Local — domestic dividend withholding is final. Treaty — withholding under the bilateral tax treaty with your home country; further tax depends on home-country rates (e.g. UAE personal rate 0%). No treaty — full domestic withholding plus any home-country tax.

▲ Your cost assumptions · override anything

All cost figures are investor-editable. Defaults are conservative starting points; if your numbers differ, change them. Every change recalculates the comparator below.

STR operating costs

Power, water, internet, building fees — paid by host on STR.
Public-liability + contents rider on top of standard buildings policy.
Reserved each year for repairs, replacements and deep cleans.
Distinct from the operator management fee above. The cut taken by booking platforms (Airbnb host fee ~3%, Booking ~15%, Vrbo ~8%, direct 0%) — averaged across your channel mix.

Company structure (only used in Company STR column)

Realistic for an IKE / single-member LLC. Audited accounts & larger entities cost more. Excludes one-off setup costs.

LTR (long-term rental) operating costs

Lower than STR — fewer paying guests on premises.
Lower per-€ than STR but on a smaller revenue base.
Typically 1 month rent per tenant turnover. Average tenure ~2.5 years → 0.4 months/year.

Output · live

▲ Highest net to investor
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Cash advantage — vs. next-best
Net yield (post-tax) — · — · — Pers · Co · LTR
↔ Swipe to see all scenarios

Side-by-side P&L

Same property · same year · three structures

Line item
Annual €
All amounts post-deduction
01 · Scenario
Personal STR
VAT-exempt · personal income tax
02 · Scenario
Company STR
VAT · corp tax · div. WHT
03 · Scenario
Personal LTR
Residential lease · personal income tax
How this is calculated. Personal STR — individual letting up to 2 properties is VAT-exempt. Net of platform commission, management fee and operating costs. Pre-tax net runs through the country's progressive scale. Company STR — letting via a legal entity makes you a "professional hospitality business": VAT applies on accommodation revenue. Company P&L runs through the country's corporation tax. Distribution to the investor attracts country-specific dividend withholding (treaty rate for non-residents). Company also carries an annual admin overhead. Personal LTR — residential 12-month lease is VAT-exempt and outside the STR licensing regime. No platform commission or management fee. Tenant typically pays utilities. Pre-tax net runs through the same country progressive scale.
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Reminder This is illustrative only. Not financial, tax, legal or accounting advice. Tax law and treaty rates change. Investors must engage qualified accountants in both the asset's country and your country of residence before relying on these figures.