Greece attracts British hedge funds amid UK tax shifts

Greece is emerging as an attractive destination for British hedge funds and high-net-worth individuals seeking more favorable tax conditions. This shift is part of a broader trend where wealth is migrating away from the United Kingdom due to changing tax landscapes and legal challenges.

Notable developments include hedge fund trader Chris Rokos preparing to relocate to Greece. Additionally, firms such as Millennium Management and Verition are reportedly preparing to open offices in Athens. To facilitate this, the Greek government offers a tax regime that exempts foreign-sourced income from local taxation for 15 years, a model similar to Italy’s approach.

Greek Finance Minister Kyriakos Pierrakakis is expected to meet with hedge funds in London to discuss further investment opportunities. This movement follows similar migrations to Switzerland, Monaco, and Milan, as cities compete to attract the global financial elite.