{
  "id": 6400455,
  "title": "Greece targets hedge funds with new tax breaks",
  "url": "https://urgent.news/2026/09/09/greece-targets-hedge-funds-with-new-tax-breaks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T09:17:35.000Z",
  "source": {
    "name": "Hedgeweek",
    "slug": "hedgeweek",
    "url": "https://www.hedgeweek.com/greece-targets-hedge-funds-with-new-tax-breaks/"
  },
  "original_language": "en",
  "account": "Greece is making efforts to attract hedge funds and their executives with a new tax regime, aiming to compete with financial centers like London, Switzerland, and Dubai, according to the Financial Times. In June, Greece introduced targeted incentives, offering qualifying private equity and hedge fund executives a 5% tax rate on bonuses and carried interest, compared to the standard 15%. This initiative gained significant attention when billionaire hedge fund manager Chris Rokos moved his tax residency from the UK to Greece. Greek finance minister Kyriakos Pierrakakis met with Rokos before the announcement. Athens hopes this move will establish the country as a credible destination for international asset managers, following years marred by sovereign debt crises and capital controls. Vasilis Karatzas, an adviser to Pierrakakis, noted that Greek officials have discussed establishing operations with several hedge funds. The incentives require a Greek operation to spend at least €3m annually. Rokos Capital Management plans to establish a small presence in Athens, potentially employing around 50 people. Greece already offers a preferential tax regime for wealthy individuals and has a \"5C\" regime for foreign executives, exempting 50% of qualifying employment income for seven years. Currently, Greece has fewer than a dozen licensed hedge fund managers, most of which have focused on Greek assets. The arrival of international firms could significantly change this landscape, bringing managers overseeing global portfolios to the country for the first time.",
  "summary": "Greece is stepping up efforts to attract hedge funds and their senior executives to Athens with a new tax regime aimed at competing with established financial centres including London, Switzerland and Dubai, according to a report by the Financial Times.",
  "key_points": [
    "Greece introduces new tax breaks for hedge funds, aiming to rival London, Switzerland, and Dubai.",
    "Qualified hedge fund executives receive 5% tax rate on bonuses and carried interest, down from 15%."
  ],
  "editors_take": "Greece's new tax breaks for hedge funds signal a shift in the country's strategy to become a hub for international asset managers, potentially altering the landscape of its financial sector.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Financial Times",
        "title": "How Greece is wooing hedge funds",
        "url": "https://urgent.news/2026/09/09/how-greece-is-wooing-hedge-funds",
        "published": "2026-09-09T04:00:16.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}