Why Global Investors Are Flocking to Greece’s Non-Dom Tax Regime
As global wealth migration accelerates, Greece is becoming a top destination for global investors and High-Net-Worth Individuals (HNWIs). They are seeking favorable tax regimes, economic stability, and lifestyle benefits.
The country’s competitive non-domicile tax regime, introduced in 2019, has played a key role. It has attracted affluent global investors and positioned Greece as a top hub for wealth relocation.
Greece’s Growing Appeal to Millionaires
The movement of global investors and HNWIs indicates economic stability. Greece has gained momentum in this area. From 2022 to 2024, about 1,200 millionaires relocated to Greece. This made it the eighth most popular destination globally for millionaire migration.
Currently, Greece is home to:
64,700 millionaires
105 ultra-high-net-worth individuals (UHNIs)
8 billionaires
This marks a 14% increase in Greece’s millionaire population over the past decade. Most new wealth inflows have been directed towards Greece’s real estate sector, boosting its investment-driven economic growth.
Additionally, data from Greece’s Finance Ministry shows that 213 global investors have successfully transferred their tax residence to Greece under the non-domicile tax program. These individuals have moved from the UK, US, Australia, Argentina, UAE, Russia, and Monaco. This highlights Greece’s growing reputation as a wealth-friendly jurisdiction.
The Greek Non-Dom Tax Regime: Key Advantages for Global Investors
Greece’s non-domicile tax regime, modeled after similar programs in Italy, Portugal, Cyprus, Malta, and the UK, offers wealthy global investors an attractive tax alternative. Key highlights include:
Flat Tax Structure: A fixed annual tax of €100,000 on foreign-sourced income, no matter the amount earned abroad. No need to declare foreign income in Greece.
Investment Requirement: A minimum investment of €500,000 in Greece (real estate, businesses, securities, or corporate shares) within three years of application.
Residency Requirement: Applicants must not have been Greek tax residents for seven of the last eight years before transferring tax residency.
Family Inclusion: Additional family members can be included for €20,000 per year per person.
Residency Flexibility: Non-domicile tax residents do not need to stay in Greece for more than 183 days per year or make Greece their primary residence.
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