The plan to attract wealthy foreign citizens, aimed at transporting their tax residence to Greece (Non DOM), presented today (23.6.2025) by the Minister of Finance Kyriakos Pierrakakisin the context of Money Review Mergers & Acquisitions Summit.
The Treasury, with events that will take place in autumn in foreign cities, in the presence of Kyriakos Pierrakakis, will address prospective investors considering taxation to Greece. In the direction of attracting non -dom, an important provision will be moved, which will be included in the draft law on the new Customs Code, which will soon be posted for consultation.
Mr. Pierrakakis described the change of the framework for Non Dom as a “success story” and explained the basic changes:
- Possibility of integrating family members into alternative taxation status at any time within the 15 -year stay of the original investor in Greece, at a cost of 20,000 euros per additional member.
- Complete exemption from donation and inheritance tax for property abroad that the investor transfers to third parties.
The minister stressed that heirs would not be taxed for this property in Greece and described the previous regime as disincentive, especially compared to other countries such as Italy.
According to the Minister, out of the 214 applications submitted in total, 213 were approved in the first five years of application (2020 – 2025). This resulted in a significant influx of foreign capital, totaling € 277 million, for investments that have either been completed or in progress.
Geopolitical developments and the effects on the economy
Referring to developments in the Middle East, the minister said: “We are closely following developments. Energy, fuel and inflation are areas that require attention, but markets have reacted calmly, without panic. “
The price of Brent stood at $ 77–78 a barrel this morning, increasing less than 1%. The minister recalled that when the war broke out in Ukraine in 2022, the price had reached $ 115 and was kept high for a long time.
“In the first half of 2025 oil was $ 65,” he commented, assuring that the government has the know -how and the appropriate tools for interventions, if required. But we are still far from this point.
EU – USA negotiations for zero duties
Mr Pierrakakis expressed his optimism about a positive outcome in the EU – US negotiations on duties, conveying the sense of finance ministers after the recent Eurogroup.
He recalled Greece’s timeless support in the initiative for zero duties in bilateral transactions. However, in the event of an unfavorable outcome of the negotiations, Greece, as the Minister of Finance pointed out, will request exception for specific products.
Internal obstacles within the EU and need to lift them
Referring to the Draghi and Letta reports, Mr Pierrakakis pointed out the need to deal with regulatory barriers between the 27 EU member states, especially in the services sector, where they are equivalent to 110%.
He expressed, however, his optimism about progress, saying that the EU crises are ultimately acting as a catalyst for positive changes.
Direct foreign investment and bureaucracy
Greece has surpassed Italy at the rate of direct foreign investment, reaching 2.5% of GDP.
“We are targeting even higher,” the minister said, noting that overall investments of the last six years are equal to those from the early years of the euro to 2019.
Mr Pierrakakis made a special reference to the MITOS program to reduce the bureaucracy in the State and recalled the reduction of more than 70 taxes as incentives for stimulating the investment climate.
Acquisitions and mergers
The minister mentioned in the attraction of foreign investment and the financial field, commenting on the recent UNICREDIT – ALPHA BANK cooperation agreement with a positive sign. “We have our arms open for such foreign investment,” he said and underlined the catalytic role and extroversion of Greek banks in the years before the crisis.
Addressing the banking sector, the minister spoke of the need to recover their strong role, especially today when conditions are improved and the country has entered the investment status. “Let’s get back the positive thread to move forward even further.”
ERAD properties and positive real estate shock
The utilization of the public property of the Treasury in the most appropriate way, the Minister of Finance was mentioned, identifying the value of assets to manage to be management of € 11.7 billion. Mr Pierrakakis was particularly in the fact that the Hypermalion is now operating by corporate governance rules and expressed the view that it could be a growth catalyst for the country.
The minister agreed that this is a new generation of investment, through the exploitation of Alykes, the port of Lavrion, the regional airports and the ERD, focusing on the pending completion of 36,000 real estate imprinting the latter to be used to resolve the housing problem.
“The property of the ERDA and those who own banks and services will contribute to finding a housing” and, as Mr Pierrakakis said, “we will seek a positive real estate supply shock”.
TIF – Support for the middle class
“The prime minister will announce the whole package of measures at the TIF,” the minister said. Asked about businesses, he replied that the targeting mainly concerns the middle class, but added:
“Obviously there will be measures for businesses, which are the catalyst in this continuous process of developing the economy.”