GREECE Trends and Developments Contributed by: Petros Machas, Ioannis Charalampopoulos, Vasileios Tsintzos and Sofia-Maria Sventzouri, Machas & Partners
ticated private clients holding investments in Greek real estate. Other Tax Benefits Law 4712/2020 offers a 50% deduction from taxable income for capital contributions to start-ups that are listed in the National Start-Up Registry, up to a maxi - mum of EUR300,000 per tax year. Capital contribu - tions can involve up to three different start-ups, up to a maximum of EUR100,000 per company. This provision is directed towards angel investors: individuals who invest in dynamic innovative companies, often provid - ing not only capital but business consulting as well. In addition, pursuant to Article 38 of Law 5162/2024 (Government Gazette Α’ 198), the income from any gain arising from the transfer of units in venture capital mutual funds (VCMF – Α.Κ.Ε.Σ.) is exempted from any tax, duty and contribution. Succession Planning and Inheritance Contracts The modernisation of Greek private wealth planning has also been marked by the introduction of inherit - ance contracts into Greek law, creating a new plan - ning tool for the orderly transmission of wealth, with the introduction of Law 5303/2026. The reform is high - ly relevant to succession planning because it intro - duces tools that were previously prohibited, includ -
ing the conclusion of contracts of inheritance mortis causa and the waiver of future inheritance rights. These instruments reflect a regulatory shift towards a gradual transition of succession planning from the traditional rules of intestate succession and wills to a different conception of succession planning, with the introduction of a parallel system of contractual organi - sation of succession that enables a more structured and predictable allocation of assets. This develop - ment is particularly important for high net worth indi - viduals seeking greater certainty in cross-generational transfers, reduced scope for future disputes and bet - ter alignment between succession planning, asset- holding structures and tax strategy. Conclusion The business opportunities, investor-friendly policies, and combination of investment migration programmes with a simplified non-dom tax regime – along with the gradual recognition of the international estate and succession planning structures from a tax planning perspective – position Greece as an advantageous destination for investors and high net worth individu - als. Greece provides investors with a legal framework to establish themselves in the country, as well as with access to the country’s thriving markets and tax ben - efits.
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