‘Non dom’ scheme picking up

In mid-October an official from a major consultancy firm appeared at a tax office holding a sizable dossier. It contained the details of 200 foreign taxpayers with large properties seeking to become Greek taxpayers and take advantage of the special "non dom" status. Most of them were people of Greek origin who had been living abroad for years, or second-generation Greeks.

The initial surprise of authorities was succeeded by the certainty that the plan to gradually transform the country into a post-Brexit hub for wealthy entrepreneurs and corporation from the City of London has good chances of being a success.

The same official also submitted a list of concerns that would have to be addressed before his clients could decide to transfer their tax domicile to Greece. For instance, the law stipulates that for a foreigner to become a Greek tax resident - and face a small...