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FinanceGreece woos hedge funds with tax breaks, billionaire Chris Rokos to relocate to Athens
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Greece is actively courting hedge funds and wealthy financiers by offering attractive tax incentives, according to a Financial Times report. The Greek government has successfully persuaded billionaire hedge fund manager Chris Rokos to relocate his tax residency to Athens. Officials have also held discussions with other funds that may be drawn by the favorable tax regime. This strategy aims to boost Greece's financial sector and attract international capital, signaling a shift in the country's economic approach post-bailout. The move highlights Greece's efforts to position itself as a competitive hub for global finance, leveraging tax policy to lure high-net-worth individuals and investment firms away from traditional European centers like London.
Source report
Athens has successfully persuaded billionaire Chris Rokos to relocate his tax residency to Greece. The move is part of a broader effort by the Greek government to attract high-net-worth individuals and investment funds through favorable tax policies.
Officials have also held discussions with other funds that they hope will be drawn by these tax incentives. The strategy aims to boost the country's economy by encouraging wealthy investors and financial firms to establish a presence in Greece.
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Billionaire hedge fund founder Chris Rokos leaves UK for Greece after non-dom tax abolition