# Greenland: taxes, residence and cost of living Source: https://domicile.wiki/places/greenland/ (domicile.wiki, researched 2026-10-15). Data licence CC BY-SA 4.0. Research, not tax or legal advice. ## At a glance For an EU-citizen family of five living off a EUR 30M portfolio (the guide's default reader). - Score for a wealthy family: 61 / 100 - Tax on a €30M portfolio: €219,600 a year - Wealth tax: none - Children inherit: tax-free - EU member: no - Currency: DKK - Capital: Nuuk ## Tax on investments, inheritance and wealth Greenland taxes residents on worldwide income at a single combined rate set by municipality (42% in Nuuk/Sermersooq, 44% in some other municipalities). As a main rule, capital gains on shares are not taxable for individuals; dividends and interest are ordinary income at the full rate, with a credit for foreign tax. Inheritances are not taxed and gifts from parents to children are tax-free. No wealth tax, no tax on private-use property and no VAT. - **Full tax liability**: Worldwide income taxed at a flat combined municipal + national rate (42%-44%); share gains untaxed; no inheritance, gift-to-children or wealth tax. ## Inheritance law and trusts Greenland still applies the old Danish Inheritance Act of 1964, not the 2008 Danish act. I could not read its text, so the size of the protected share is not confirmed. Denmark is not in the Hague Trusts Convention, and I found no trust or private foundation law for Greenland. ## Daily life (0-100, higher is better) - Safety and personal security: 52 - Political and institutional stability: 71 - Legal system and property rights: 81 - Healthcare quality and access: 26 - Infrastructure and connectivity: 69 - Business opportunities and economy: 81 ## Research notes ### Greenland — family-office tax dossier Last reviewed: 2026-10-15 Tax year: 2026 Reviewer: research agent (Claude), unreviewed by a tax adviser #### Summary Greenland taxes residents on worldwide income at a single combined rate set by municipality (42% in Nuuk/Sermersooq, 44% in some other municipalities). As a main rule, capital gains on shares are not taxable for individuals; dividends and interest are ordinary income at the full rate, with a credit for foreign tax. Inheritances are not taxed and gifts from parents to children are tax-free. No wealth tax, no tax on private-use property and no VAT. US citizens: No US-Greenland treaty; US citizens remain subject to US federal tax. US source dividends suffer US WHT without treaty reduction for non-US residents. #### Residence and eligibility Full liability on taking up residence (acquiring a home) or after six consecutive months' stay (PwC Residence). - **Danish and Nordic citizens** (EU, OTHER): Danish citizens may live in Greenland freely; Nordic citizens have facilitated rights. EU free movement does not extend to Greenland (not an EU territory). - **Others** (EU, US, OTHER): Residence and work permits under Danish/Greenlandic immigration rules; no passive-income or investor route found. #### Capital gains ##### Standard regime As a main rule capital gains are not taxable for individuals. Exceptions: financial contracts (derivatives) and debentures with nominal interest below 2% a year, taxed as ordinary income (42%-44%). Gains on Greenland real estate are not taxed for private individuals as a rule (PwC lists sale of Greenland real estate under limited liability income; treatment for residents not confirmed). - **Tax year / confidence / verification:** 2026 / medium / partially_verified (checked 2026-10-15) - **JSON numbers:** headline 0% (0.0); listed domestic 0% (0.0); listed foreign 0% (0.0); private business sale 0% (0.0); local real estate 0% (0.0); foreign real estate 0% (0.0). - **How derived:** PwC Income determination: capital gains not taxable for individuals, except derivatives and low-coupon debentures. - **Trader recharacterisation:** Business income (individual traders) is taxed at the ordinary rates. Open points for this tax: Treatment of gains on Greenland real estate held privately not confirmed; set to 0 following the 'main rule'. #### Dividends ##### Standard regime Dividends are ordinary taxable income at the combined rate for the municipality: 42% in Kommuneqarfik Sermersooq (Nuuk) per PwC's municipal table (2020 percentages, the latest published there). Foreign income taxes are credited up to the Greenland tax on that income. - **Regional differences:** 44% in Kujalleq, Qeqertalik and Avannaata; 36% outside municipalities. - **Tax year / confidence / verification:** 2026 / medium / partially_verified (checked 2026-10-15) - **JSON numbers:** headline 44% (0.44); domestic 42% (0.42); foreign gross 42% (0.42); foreign tax relief: credit. - **How derived:** Sermersooq combined rate 42% (26% municipal + 10% national + 6% joint municipal, PwC table). - **Outbound withholding:** Dividend WHT 36%-44% by municipality (24% under chapter 3b); treaty rates for Denmark, Faroes, Iceland, Norway. - **Treaty network:** Full treaties only with Denmark, Faroe Islands, Iceland and Norway (plus employee-tax treaties with Guernsey, Isle of Man, Jersey). No treaty relief for US or most EU source dividends. Open points for this tax: 2026 municipal rates not found; PwC's 2020 table used (42% Sermersooq); a 2025 AKA withholding form reportedly also shows 42% but could not be opened. The 2024 reform raised the personal allowance and labour-market levy but kept the landsskat. #### Inheritance and gifts to children ##### Standard regime Inheritance is generally not taxable. Gifts are taxable income, except gifts to a spouse, children, stepchildren and their descendants, parents and grandparents, which are exempt. - **Important exceptions, statute references and announced changes:** Probate/estate court fees not researched. - **Tax year / confidence / verification:** 2026 / medium / partially_verified (checked 2026-10-15) - **JSON numbers:** basis `none`, children `fully_exempt`, exemption 0 DKK, brackets (marginal): none; other transfer costs 0% (0.0). - **Gifts:** Gifts to children exempt; other gifts taxed as income at 42%-44%. (same as inheritance: True; tax-free after years: None) - **Business relief covers listed shares:** False #### Wealth tax ##### Standard regime No net wealth tax. - **Tax year / confidence / verification:** 2026 / high / verified (checked 2026-10-15) - **JSON type:** `none` - **Property tax (not a wealth tax):** No tax on property for private use; 1.5% stamp duty on real estate deeds. #### Special regimes None modelled; see Residence and eligibility. #### Company taxation (kept separate from personal tax) Headline CIT rate: 25% (0.25). 25% corporate tax (26.5% if the on-account payment is not made); dividends paid are deductible; dividend WHT 36%-44%. #### Cost of living notes Not researched. #### Open questions - 2026 Sermersooq rate not confirmed. - A Siumut motion for a 30% flat tax (2026) is only a proposal. #### Sources - PwC Worldwide Tax Summaries: Greenland - Individual - Income determination (PwC, professional): https://taxsummaries.pwc.com/greenland/individual/income-determination - PwC Worldwide Tax Summaries: Greenland - Individual - Taxes on personal income (PwC, professional): https://taxsummaries.pwc.com/greenland/individual/taxes-on-personal-income - PwC Worldwide Tax Summaries: Greenland - Individual - Foreign tax relief and tax treaties (PwC, professional): https://taxsummaries.pwc.com/greenland/individual/foreign-tax-relief-and-tax-treaties - PwC Worldwide Tax Summaries: Greenland - Individual - Other taxes (PwC, professional): https://taxsummaries.pwc.com/greenland/individual/other-taxes - PwC Worldwide Tax Summaries: Greenland - Individual - Residence (PwC, professional): https://taxsummaries.pwc.com/greenland/individual/residence - PwC Worldwide Tax Summaries: Greenland - Corporate - Taxes on corporate income (PwC, professional): https://taxsummaries.pwc.com/greenland/corporate/taxes-on-corporate-income - PwC Worldwide Tax Summaries: Greenland - Corporate - Withholding taxes (PwC, professional): https://taxsummaries.pwc.com/greenland/corporate/withholding-taxes #### Change log - 2026-10-15: initial research. ## Residence and succession sources - [HCCH status table: Convention on the Law Applicable to Trusts and on their Recognition (1985)](https://www.hcch.net/en/instruments/conventions/status-table/?cid=59) — HCCH - [Question to Naalakkersuisut on the inheritance act (Inatsisartut, 2017)](https://ina.gl/media/lianwq3a/2017_219_arvelov_kingornussisarnermut_inatsit_rave_da.pdf) — Inatsisartut