Greece ranks third globally in attracting mobile millionaires
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Greece is expected to be third among European countries in attracting globally mobile millionaires in 2024, behind Italy and Switzerland and ahead of Portugal, British investment migration consultancy Henley & Partners said.
Italy remains the most popular destination for individuals with at least $1 million in liquid investable wealth despite announcing a doubling of the flat tax to €200,000 per year earlier this week.
Italy’s move will have little impact on people with a net worth of at least 7 million euros, Vito Di Pede, a tax adviser at Milan’s Studio Rock tax and law firm, said. Based on relocations up to June, Henley & Partners expects 2,200 high-worth individuals to move to Italy this year.
The regime is for a 15-year period and can be extended to family members paying 25,000 euros per person.
In Switzerland, a proposal has been put forward to impose a 50% inheritance tax on assets worth more than 50 million Swiss francs to fund the country’s green transition.
(Reuters)