Greece: Enhanced tax incentives for family offices
Law 5222/2025 introduced enhanced tax incentives for special purpose family wealth management companies
Law 5222/2025 introduced enhanced tax incentives for special purpose family wealth management companies (“family offices”):
- Extension of services family offices can provide (i.e., in addition to management and administration of family assets and investments, family offices can now offer advisory services to trustees of trusts whose settlors or beneficiaries are the family members of such family offices)
- Reduction in minimum required annual operating expenditure in Greece (from €1 million to €500,000)
- Explicit exclusion from application of place of effective management (PoEM) rules under which Greek tax residency could be attributed to foreign entities owned by covered family members to which Greek family offices provide services
Read a July 2025 report prepared by the KPMG member firm in Greece