Greece is positioning itself as a premier European hub for global wealth migration, following a major upgrade to its flagship non-dom tax residency programme.
The legislative reforms, introduced by Minister of State Kyriakos Pierrakakis and now in the final stages of parliamentary approval, mark a significant evolution in Greece's offer to Ultra High Net Worth Individuals, particularly in light of the UK's upcoming abolition of its own non-dom regime.
Two key changes enhance the programme's appeal: a full exemption from Greek inheritance and gift tax on foreign assets, and new flexibility allowing family members to be added at any point during the 15-year non-dom term, each paying a flat annual tax of €20,000 with the same benefits as the primary applicant.
Participants pay a flat tax of €100,000 per year on all foreign income, with no wealth tax or global asset reporting; eligibility requires non-residency in Greece for seven of the previous eight years and a minimum €500,000 investment in Greek real estate, equity, or capital markets.
"These long-awaited changes position Greece as a leading European destination for wealth relocation." — Savvas Savvaidis, President & CEO of Greece Sotheby's International Realty
Since launching in 2020, the scheme has attracted 213 ultra-wealthy individuals, generating more than €277 million in direct investment. With these enhancements, Greece joins Italy and Switzerland among the few jurisdictions offering a stable, transparent, lifestyle-rich alternative for globally mobile families.
Greece Sotheby's International Realty provides specialist support for private banks, legal advisers, and family offices assessing Greece as a long-term tax and residency base, with dedicated teams across Athens, Mykonos, Corfu, and the Aegean.
This is examined further in the Intelligence Hub's Non-Dom Program guide.