Greece has significantly upgraded its Non-Domicile (Non-Dom) tax regime to position itself as a leading destination for high-net-worth individuals (HNWIs). Originally introduced in 2020, this regime offers lucrative tax advantages coupled with lifestyle opportunities in Greece, attracting substantial international capital inflow.
Overview of Greece’s Non-Dom Regime:
The Non-Dom regime (Article 5A, Greek Income Tax Code) provides foreign nationals relocating their tax residency to Greece with substantial financial benefits:
- Flat Annual Tax: €100,000 on all foreign-sourced income.
- Domestic Income Tax: Standard taxation on Greek-sourced income.
- Inheritance and Gift Tax Exemption: Complete exemption on foreign-held assets.
- Family Inclusion: Option to include spouse and children with an additional €20,000 per person annually.
- Duration and Flexibility: Available for 15 years with flexibility to exit anytime.
- Investment Requirement: Minimum €500,000 investment in Greek real estate, bonds, or businesses within three years.
As of 2024, Greece has attracted 213 investors, resulting in an influx of €277 million in capital.
Upcoming Enhancements for 2025:
The Greek government has proposed significant reforms, making the regime even more attractive:
- Flexible Family Inclusion: Family members can join anytime during the 15-year duration.
- Expanded Tax Exemptions: Tax exemptions now include the transfer of foreign assets irrespective of the recipient’s residency.
- Enhanced Confidentiality: Notification to former tax residences occurs only if explicitly agreed through mutual international agreements.
- Simplified Application Process: March 31 annual deadline; retroactive applications permitted for prior-year relocations.
Golden Visa Synergy:
Greece’s popular Golden Visa Program, granting five-year renewable residency, complements the Non-Dom Regime:
| Region | Example Locations | Investment Threshold |
| Prime | Athens, Mykonos, Santorini | €800,000 |
| Other | Towns with <3,100 people | €400,000 |
| Special | Historic projects | €250,000 |
Strategically combining the Non-Dom regime and the Golden Visa can streamline investment requirements, allowing the €500,000 Non-Dom investment to overlap with Golden Visa criteria, enhancing both residency and financial planning.
Family Offices: Facilitating Global Wealth Management
Complementing the Non-Dom enhancements, Greece revamped its Family Office regime in 2025 to offer superior wealth structuring capabilities:
- International Client Inclusion: Family Offices can cater to foreign residents, expanding global reach.
- Tax Residency Protection: Services to foreign entities won’t trigger Greek tax residency.
- Reduced Operating Costs: Minimum annual expenditure cut from €1 million to €250,000, broadening accessibility.
- Inclusive Family Definition: Modernized to eliminate marital and custodial restrictions, providing flexibility.
Competitive Analysis within Europe:
Greece’s Non-Dom regime stands prominently among its European counterparts:
| Country | Flat Tax | Duration | Investment Condition |
| Greece | €100,000 | 15 years | €500,000 + Residency |
| Italy | €200,000 | 15 years | Abroad for 9 of the last 10 years |
| Malta | 15% Standard | Ongoing | Residency certificate |
| Cyprus | Remittance-Based | Ongoing | Abroad for 17 of the last 20 years |
| Portugal | Closed (NHR) | — | Closed to new applicants |
Greece offers exceptional advantages, including lower entry barriers, enhanced family flexibility, and integration with robust residency and business incentives.
Strategic Vision for Greece as a Global Investment Hub:
The policy updates signal Greece’s ambitions to become a leading global jurisdiction for tax efficiency and wealth management, beyond merely a lifestyle hub. The harmonious integration of the Non-Dom regime, Family Offices, and Golden Visa enhances Greece’s competitive appeal, offering both fiscal certainty and sustainable economic growth.
