Pierakakis: EU Crises Act as Catalysts for Positive Change

In a presentation today (June 23, 2025) at the MONEY REVIEW Mergers & Acquisitions Summit, Greece’s Minister of Finance unveiled a plan to attract wealthy foreign citizens aiming to transfer their tax residency to Greece under the Non-Dom scheme. The Ministry of Finance will host events this fall in international cities, targeting potential investors considering moving their tax base to Greece. A significant provision will be included in the upcoming draft law for the new Customs Code. Minister Pierakakis described the change in the Non-Dom framework as a ‘success story,’ highlighting key changes such as family member inclusion and full exemption from inheritance and gift taxes for foreign assets. Regarding geopolitical developments, the minister noted that energy, fuels, and inflation require attention but markets have reacted calmly. He expressed optimism about EU-US negotiations for zero tariffs, emphasizing Greece’s longstanding support for this initiative. Internally, he pointed out the need to address regulatory barriers within the EU, stating that crises ultimately act as catalysts for positive change. Greece has surpassed Italy in FDI percentage, reaching 2.5% of GDP, with further ambitions. The minister also discussed the MITOS program to reduce bureaucracy and praised recent banking collaborations like Unicredit – Alpha Bank. Highlighting the importance of utilizing public property effectively, Pierakakis mentioned the value of assets managed by the Hellenic Asset Development Fund at €11.7 billion, suggesting it could drive growth. Lastly, measures supporting the middle class will be announced during the DEΘ event.