The Exodus Of High Net Worth Greeks – A Lawyer’s View On Trends, Challenges

Michael Kosmides   Fri, 15 Jan 2016; 10:22

Recent years have propelled Greece into the limelight for reasons that many citizens of that country would have wished don’t exist.

Unsustainable debt and the risk of Greece being ejected from the eurozone prompted some Greeks to flee the country for supposedly more stable economies.

Authorities in the country have, inevitably, made a priority of raising revenue in a country notorious for lax approaches to complying with tax laws.

At the same time, Greece’s travails are also a reminder of how a large number of Greeks, many of them wealthy individuals with substantial business connections in sectors such as shipping, live overseas.

And a large, affluent Greek middle class exists.

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