Finance Ministry aims to lure super-rich to Greek tax register

The Greek government has taken a leaf out of Italy's law book to invite wealthy individuals to move their tax residency to Greece.

A clause will be included in next month's tax bill aimed at individuals and corporations with large deposits and offering significant incentives for registering with the Greek tax authorities.

Finance Ministry officials speak of particularly favorable timing, arguing that the threat of a no-deal Brexit could lead to a surge in interest for new tax residences outside the UK.

They add that Greece is, up to now at least, generally seen as a country that foreign investors should avoid. Besides the fact that there are no incentives for those moving their tax residence here, high tax rates act as a counterincentive even for corporations and individuals active in this country. Moreover, several major enterprises have moved their tax...