"Non-dom" (from "non-domiciled"), ie the "non-resident" status is established by many countries around the world, aiming to attract the world's multimillionaires or ultra-high-net-worth individuals-UHNWI, providing an attractive flat tax rate, hence achieving important tax and development benefits.

Greece is definitely among the countries that can offer the super-rich, a flat tax rate for their global income as a lure, in exchange for the transfer of their tax headquarters to our country.

According to art 5 of L.4172/2013, this new favorable procedure has been announced by the Greek MoF and can be applied by any individual who wishes to transfer their tax residence in Greece.

Taxpayers who wish to apply under the favorable provisions of Non-Dom tax status will benefit from many tax provisions either abroad or in Greece.

In a nutshell, the special Non-Dom tax regime dictates that the investor will pay a fixed tax per tax year, regardless of the total foreign-sourced income, and with no obligation to declare any foreign income in Greece.