Billionaire Rokos plans UK tax residency shift to Greece

Hedge fund billionaire Chris Rokos is planning to shift his tax residency from the United Kingdom to Greece, a move that comes amid concerns over tax policies and the nation's ability to retain high-net-worth individuals. Rokos, the founder of Rokos Capital Management, a macro hedge fund managing approximately £17 billion, paid himself £477 million last year, making him one of Britain's largest individual taxpayers. The planned relocation to Greece is reportedly facilitated by a Greek incentive program offering qualifying high-net-worth individuals an annual flat tax of £100,000 on their foreign income. This arrangement can last for up to 15 years, provided the individual invests at least £500,000 in Greece. This move by Rokos follows similar departures from the UK by other wealthy individuals seeking more favorable tax environments in countries like Italy, Switzerland, and the United Arab Emirates. Rokos Capital Management employs over 370 people across offices in London, New York, Abu Dhabi, and Singapore. As Rokos is the central decision-maker for major trading positions at the firm, questions have arisen regarding whether senior staff might also relocate.