With effect from tax year 2021, a special legal framework (law 4778/2021) for so-called Family offices (single family office) has been introduced.
The above family offices will have as their exclusive objective the provision of support to Greek tax resident individuals and to their close family members (such as their spouse, their underage children, their parents) with regards to the management and administration of their assets and investments that they hold either directly or indirectly through legal persons or legal entities. Also another objective will be the management of the said persons’ living expenses and expenses related to their charitable and cultural activities. The above close family members, as well as legal persons / legal entities where the above Greek tax resident individuals and/ or their family members participate, may participate in the family office.