Last reviewed 29 October 2026 · Demetre E. Katsouris, Managing Partner
In a nutshell. Greece offers a dedicated family office regime under Article 71H of the Income Tax Code: a Greek company that provides management and advisory services to a Greek tax-resident family — any such family, not only one under the special regimes — is taxed on a profit computed as its expenses and depreciation plus 7%, at the 22% corporate rate, provided it employs at least five people in Greece within twelve months of formation and spends at least €500,000 a year in Greece (art. 71H as amended by Law 5222/2025 art. 211). Families who do not need a full family office commonly use a holding company for property and investments. Katsouris Law Firm advises on both.
The Greek family office regime
- Purpose: to allow families relocating to Greece to establish the office that administers their wealth in Greece, at a predictable tax cost.
- Beneficiaries: the individuals covered by the regime and their family members, as defined in the law; the office may also advise trustees of trusts settled by or for them.
- Conditions: a Greek company, a minimum number of employees in Greece within a set period, and minimum annual operating expenditure in Greece.
- Tax: the office’s profit is computed as 7% of its annual expenses (cost-plus), regardless of fees charged.
- Safeguard: the law provides that the office’s services to family-owned foreign companies do not create effective management in Greece, and arts. 4(3)–(4) of the Income Tax Code do not apply (art. 71H(6), added by Law 5222/2025).
Holding structures for families
A family holding company — an AE or an IKE — can own the family’s Greek property, participations and investment accounts, so that ownership passes by transfer of shares rather than of each asset, management is centralised, and the next generation can be brought in gradually. The firm drafts the articles and the shareholders’ agreement with the family’s succession plan in view, and advises on the tax consequences of contributing existing property to the company — a taxable transfer at 3.09% unless the tax-neutral regime of Part Δ of Law 5162/2024 applies, which for a sole proprietorship requires two years of prior activity and, for the transfer-tax exemption, two years’ use before and after (art. 52) — which must be assessed before any transfer.
The family charter
Many families combine the legal structure with a family charter: a non-binding statement of the family’s values and rules on employment of family members, dividends, decision-making and dispute resolution, whose key rules are then reflected in the binding articles and shareholders’ agreement.
Frequently asked questions
Do we need the non-dom regime to have a Greek family office? No. Since Law 5222/2025 the regime serves any Greek tax-resident family and its members — spouse or partner, unmarried children, direct ascendants — who may be shareholders but not employees; services to the family’s foreign companies do not create effective management in Greece (art. 71H(6)).
Is a holding company always beneficial for Greek property? Not always; the transfer of existing property into a company has a tax cost, and the benefit depends on the family’s plans for management and succession.
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This page is general information and does not constitute legal advice. It reflects the law as at the date shown and may change.
