GREECE Trends and Developments Contributed by: Petros Machas, Ioannis Charalampopoulos, Vasileios Tsintzos and Sofia-Maria Sventzouri, Machas & Partners
offers professionally managed exposure to the Greek market and is suited to investors who value diversification and passive participation. • Purchase of shares, corporate bonds or Greek government bonds – EUR800,000 minimum – sup - porting the domestic capital market. This route provides access to potentially higher yields while simultaneously supporting the domestic capital market. • Purchase of units in a mutual fund – EUR350,000 minimum – focused on Greek-listed securities, offering diversified access to Greek financial instru - ments through a regulated collective investment vehicle. • Capital contribution to a Greek regulated company – EUR500,000 minimum, supporting local enter - prise while offering direct equity involvement. • Capital contribution to a real estate investment company (REIC) – EUR500,000 minimum – invest - ing solely in Greece and providing a regulated and indirect exposure to the Greek real estate sector. • Capital contribution to a venture capital company (VCC) or mutual fund of business holdings (MFBH) – EUR500,000 minimum – investing exclusively in Greek companies and ideal for those seeking to support Greek innovation and entrepreneurship through private equity channels. Pursuant to Joint Ministerial Decision No 214926/2025 (Government Gazette B/6014/11.11.2025), issued by the Ministry of Migration and Asylum in co-operation with the Ministry of Development, which revised the documentation and compliance requirements under Article 100 of the Immigration Code (Golden Visa), two new Joint Ministerial Decisions, No 216169/2025 (concerning Article 98 Law 5038/2023) and No 216718/2025 (concerning Article 99 Law 5038/2023) have been published, providing clarified documenta - tion standards, monitoring obligations and procedural guidance for investment-based residence permits. Collectively, these measures strengthen the legal cer - tainty of the regime by offering clearer rules across the distinct investment pathways, for high net worth individuals and investors. Investment Migration and Related Tax Benefits Capitalising on the numerous opportunities that Greece is currently offering comes with very signifi -
cant benefits for foreign investors: an attractive non- dom tax regime for all high net worth individuals who do not permanently reside in Greece and a series of investment migration programmes that cater specifi - cally to non-EU citizens. These two schemes can also be combined to create a winning proposition for eli - gible investors seeking to optimise their wealth man - agement strategies or address their global mobility concerns, which have become more relevant under the current global geopolitical situation. Greece’s non- dom tax regime provided for a favourable tax environ - ment for high net worth individuals everywhere across the globe. The basic requirement is to invest a mini - mum of EUR500,000 in Greece, in real estate, bonds/ securities or Greek legal entities. Upon entering the non-dom regime, an individual becomes a tax resident in Greece and is liable for an annual lump-sum tax of EUR100,000 for its global income generated outside Hellenic Republic, while income generated in Greece is declared and taxed based on the applicable tax regime for domestic tax residents. This special tax regime may be maintained for up to 15 years. The regime allows a maximum of up to three separate investments in different categories, allowing changes to investments within three years of the initial applica - tion, permitting changes after the completion of the investment and accepting different sources of fund - ing for the investment exceeding the minimum of EUR500,000. On 23 February 2024, an amendment was introduced by the Ministries of Finance, Devel - opment and Investments. This aimed to simplify the Greek non-dom tax regime, providing a straightfor - ward process and resolving issues that had hindered access to the benefits of this tax regime, including delays in registering notarial deeds with Land Regis - tries and Cadastral Offices. Certification of investment completion is granted with a one-year extension in pending registration cases. The Greek non-dom tax regime relies on a flat annual tax of EUR100,000 for all foreign-sourced income, with an additional EUR20,000 for family members. In 2025, the Ministry of Finance introduced a series of legislative amendments to the non-dom tax regime through Article 206 Law 5222/2025 (Government Gazette A’ 134/28.07.2025). The key amendments are as follows.
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