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Greece Courts International Companies to Relocate Tax Residency

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PM Mitsotakis chats with Boris Johnson at 10 Downing Street on Tuesday. Credit: PM Press office

Greek Prime Minister Kyriakos Mitsotakis urged international companies to move their tax residency to Greece during his meetings in the City of London on Wednesday.

Mitsotakis said that his government would be offering tax incentives for those who relocate to Greece.

According to Greek government sources, Mitsotakis met with heads of financial institutions and fund management companies, as well as heads of international companies in the fields of energy, real estate, infrastructure, technology, and industry.

He recalled the intense interest of global companies such as Microsoft, Pfizer, Cisco, and Digital Realty, to invest in Greece, and noted the tax incentives for those who choose Greece as a permanent tax residence, including Greeks who choose to return home.

Greece offers “friendly investment environment” to foreign companies who opt for Greek tax perks

Mitsotakis stressed that companies that decide to invest in Greece offer well-paid – and often highly skilled – jobs to Greeks, while also contributing to the reversal of the brain drain that hit the country in the past decade.

According to the same sources, Mitsotakis informed foreign investors about the friendly investment environment and the drastic reduction of bureaucracy in Greece. He referred to the rapid digital transformation and operation of the portal, which, as he stressed, facilitates the interaction of Greek citizens and businesses with the state.

He also stressed that Greece is now borrowing at historically low interest rates, a fact that proves that markets are confident about the long-term prospects for the economy, Mitsotakis said.

Mitsotakis reiterates Greece’s demand for the Parthenon Marbles

On Tuesday, the Greek PM met his British counterpart Boris Johnson at 10 Downing Street, where the full spectrum of Greece-United Kingdom relations and ways to deepen these further yet was discussed.

Mitsotakis reiterated to Johnson Greece’s standing demand for the return of the Parthenon Marbles, noting that the time has come to meet Greece’s fair request, and see to the restoration of the monument in its entirety at the Acropolis Museum, sources noted.

Speaking about the issue to Greek journalists in London after his meeting with Johnson, Mitsotakis said that “our request is not a flare. We will insist, methodically, to build the necessary foundations within British public opinion for the need to reunite the Parthenon Marbles with the sculptures of the Acropolis Museum. It is an important issue, one that relates to our bilateral relations,” he underlined.

Moreover, he added, “this is not a legal issue per se; it is, above all, both a matter of principle, as well as a political issue,” and he concluded by saying that “ we will employ all means at our disposal to meet this target of ours.”

Johnson told Mitsotakis on Tuesday that the British Museum alone is responsible for dealing with Greece’s request for the return of the Parthenon Marbles.

“The Prime Minister said that he understood the strength of feeling of the Greek people on this issue, but reiterated the UK’s longstanding position that this matter is one for the trustees of the British Museum,” a Downing Street spokesperson said after the meeting.

“The leaders agreed that this issue in no way affects the strength of the UK-Greece partnership.”


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