Greece’s Enhanced Non-Dom Regime: A Strategic Move to Attract Global Wealth

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:

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:

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.