Chris Rokos to move tax residency from UK to Greece

Billionaire hedge fund manager Chris Rokos, founder of Rokos Capital Management, plans to move his tax residency from the United Kingdom to Greece and establish an office in Athens. Rokos is one of Britain’s largest individual taxpayers, having contributed an estimated £330 million in taxes last year.

The relocation follows the UK government's decision to abolish the “non-domiciled” tax regime and implement changes to inheritance and capital gains taxes. This has contributed to a broader trend of high-net-worth individuals leaving the country for jurisdictions with more favorable tax structures.

Greece has become an increasingly attractive destination by offering a special tax regime for wealthy foreign residents. Under this system, qualifying individuals can pay a flat annual tax of €100,000 on income earned abroad for up to 15 years, provided they make a minimum investment of €500,000 in the country. Additionally, recent adjustments in Greece have lowered the tax rate on carried interest for fund managers to 5%.