Our UK to Greece Tax Residency and Wealth Relocation Service

Our Specialist Consultancy and Independent Legal and Tax Advisory Network for UK High-Net-Worth Individuals, Fund Managers and Family Offices

Greece has recently emerged as a viable and reliable option for UK-based executives and HNWI individuals assessing alternative European and global jurisdictions. Greece is not only one of the more tax-attractive European destinations for certain qualifying individuals, it is also highly secure and has a stable government. Our cross-border consultancy team here at Tsaks Consulting, together with our network of independent tax and legal advisers, helps clients efficiently navigate the process of gaining tax residency in Greece, as well as assessing the benefits of both Greece and Cyprus.

There are significant foreign-investment incentives in place in Greece that are attractive to UK-based investors. These primarily relate to foreign-source income, capital gains and investment income, and our team of consultants and independent professional partners helps clients navigate the application process. Our team has strong experience in helping clients assess the potential benefits of Article 5A (HNWI) and coordinating applications through appropriately qualified independent accounting and taxation professionals.

Our Advisory Service: Article 5A – The Flat-Tax HNWI Regime

Key features and advantages of the Article 5A regime include:

Flat Annual Tax: Provides an alternative annual taxation arrangement for qualifying foreign-sourced income, subject to the applicable Article 5A provisions, eligibility requirements and annual tax obligations.
Family protection: The regime can be extended to eligible family members, including a spouse, children and parents, subject to the applicable requirements and additional annual tax obligations for each qualifying relative.
Exemption from gift & inheritance tax: Certain foreign-held assets may benefit from exemptions from Greek inheritance and gift taxation under the applicable Article 5A provisions.
Long-term certainty and stability: The regime provides a defined period of preferential tax treatment, provided the relevant eligibility and ongoing compliance requirements continue to be satisfied.
Qualifying investment requirements: Applicants must generally satisfy a minimum qualifying investment requirement in Greece, which may include eligible real estate, corporate entities or financial securities. The applicable investment threshold, qualifying assets and investment timeframe are determined by the legislation in force.

Our team at Tsaks Consulting helps UK-based executives, high-net-worth individuals and family offices understand the administrative requirements associated with Article 5A and coordinate applications through our network of independent Greek tax advisers, accountants and legal professionals. As eligibility conditions, investment thresholds and taxation requirements may change, our independent professional partners can verify the current requirements and assess how the regime may apply to your individual circumstances.

Thought Leadership From Our Tsaks Consulting Advisory Team on This Regime for UK HNWI Individuals

When assessing the suitability of Article 5A, HNWI individuals have a range of factors to consider beyond the tax benefits and potential compliance requirements. We generally recommend our clients consider:

The benefits of the regime from an international tax perspective compared to other global options such as Dubai, Cyprus and Singapore. Most of our UK clients consider Dubai, Cyprus and sometimes Malta due to their proximity to the UK, in addition to Greece. Greece has significant potential tax advantages for qualifying individuals, and there is a Double Tax Treaty in place with the UK. A detailed comparison should be conducted by independent qualified tax advisers to understand the financial implications of moving your tax residency to Greece, compared with Dubai and other jurisdictions.
Greek lifestyle and family options (schools etc.). Depending on your stage of life and situation, it’s also important to consider where you want to live. From Athens to Thessaloniki and some of the islands such as Crete, Greece has some beautiful places to live and work. However, when you drill down to it, in areas outside Athens, finding enough international school options can be a challenge, as can finding a general lifestyle that is of a similar standard to the UK. We help clients understand the realities of living in Greece compared to other countries such as Dubai, and what life may be like three, five and ten years in the future. We use our understanding of the country, as well as experience in dealing with clients in similar situations, to provide a holistic, top-down view of the potential lifestyle as well as tax advantages.
Greece’s services for running their business. In addition to making an investment, many clients need to operate from Greece. This can include hiring local staff and arranging other business services. We can guide you on potential labour resources and the benefits and challenges of operating in Greece, while connecting you with independent legal and accounting professionals for specialist employment, taxation and regulatory advice.

We also provide insight into investment options and some of the procedural challenges of purchasing property in Greece. There are significant alternative investment pathways, such as mutual funds, which should also be considered due to their potential efficiency and ease of investment. Where specific investment recommendations or financial advice are required, we coordinate introductions to independent, appropriately authorised investment professionals.

Our multidisciplinary consultancy team across London and Athens here at Tsaks Consulting, together with our independent professional network, provides a range of services to family offices, fund managers and HNWIs, including:

UK-Greece Double Tax Treaty (DTT) Structuring: Coordinating access to independent UK and Greek tax advisers who can assist with navigating statutory residence tests in the UK while establishing tax residency in Greece.
Article 5A: Administrative coordination and application management support, working with our independent accounting and taxation partners on applications to the Independent Authority for Public Revenue (IAPR / AADE).
Qualified investment placement: Coordinating introductions to independent legal, tax and regulated investment professionals who can assess and verify qualifying investments in Greek real estate, corporate equity, bonds or other eligible financial assets to satisfy Article 5A requirements. The minimum investment amount, eligible investment categories and applicable timeframes are subject to the legislation in force and should be confirmed by appropriately qualified independent professionals.
Golden Visa & Residency Authorisation: Assisting UK passport holders and other non-EU passport holders with navigating the administrative requirements of the Greek Golden Visa and other residency pathways, through our independent immigration and legal partners.
Estate & asset protection: Coordinating access to independent legal and tax professionals who can advise on establishing trusts, holding companies and international family office structures aligned with Greek legal requirements. We also have a close working relationship with a professional firm in Cyprus and can coordinate specialist advice on the potential benefits of establishing a trust in Cyprus.
Corporate relocation & subsidiary setup: Coordinating company establishment, local director representation where required, and payroll compliance for UK firms establishing operations in Greece, with independent legal and accounting professionals providing the necessary specialist services.

Why Work With Our Team at Tsaks Consulting?

We have over 10 years of experience in Greek tax residency and relocation coordination.
We understand the UK and provide a responsive, tailored service similar to professional services firms in the UK.
We know and understand both the UK and Greece. We take a global perspective to the consultancy services we provide and coordinate specialist advice from independent professionals where required.
We provide guidance based on finances as well as life. Tax optimisation is normally only part of the overall assessment. Most of our clients also consider lifestyle and the impact on their families and life in general. We provide honest feedback on what life is like in Greece.
We engage specialists where required. We work closely with independent legal and tax specialists to ensure clients have access to appropriate professional advice, particularly where matters fall outside our consultancy expertise.
We have close relationships with Greek banks and leverage these relationships to help coordinate administrative processes and introductions more efficiently, subject to the banks’ own requirements.
We provide honest, realistic consultancy advice and always aim to act in our clients’ best interests.

Contact our team of experts today to talk about how we assist executives from the UK to move to Greece. Our Director is available to assist clients as required.

About Our Professional Network and Important Information

Tsaks Consulting Greece is a business consultancy assisting UK-based individuals, investors and businesses with relocation, business establishment and administrative matters in Greece. We provide consulting and coordination services directly and work with a network of independent lawyers, accountants, tax advisers and other qualified professionals who provide specialist services.

Tsaks Consulting is not a law firm, accounting practice or licensed financial adviser. Legal, tax, accounting, investment and other regulated professional services are provided by appropriately qualified independent professionals.

Information on this website is for general purposes only and does not constitute professional advice. Greek and UK laws, tax regulations and residency requirements may change. Eligibility for Article 5A, Golden Visa and other incentives depends on individual circumstances. We recommend seeking independent professional advice before making legal, taxation, financial or relocation decisions.