Greece is caving and going the way of Switzerland in an attempt to draw foreign entrepreneurs to Athens and other Greek cities by offering tax exemptions to money made outside of Greece. Of course such action was needed with recent events in Greece that continue to discourage visitors from coming, let alone staying in Greece.

The Greek Finance Ministry is examining the idea of offering tax incentives to high-income foreigners who choose to relocate to Greece, based on similar regulations that are in force in countries such as Switzerland and the United Kingdom.

According to sources the ministry is processing a clause that will provide for foreigners, such as business executives or pensioners, who choose Greece for their permanent residence to get taxed only for the income earned in this country, while their incomes from abroad will be exempt.

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