Mykonos, for a high earner.
The summer address of the yacht set and, since the flat tax, a place some of them stopped leaving. €100K a year on foreign income, a villa above Agios Ioannis, and Athens 45 minutes by air when you need a city.
In short, current to October 2026
- A person earning $1,000,000 and resident in Mykonos, Greece, pays an effective 43% of income tax on the Patrician.ch 2026 model, keeping $571K. At $300,000 the effective rate is 40%, and at $3,000,000 it is 44%.
- No tax on a gain from listed shares for a holder of under 0.5% of the company. A holder of 0.5% or more, and any sale of unlisted shares, pays 15% on the gain.
- Inheritance: Children taxed. Greece taxes children at 1% to 10% above a €150,000 allowance, €400,000 for minor children.
- Greece operates a special regime for arriving foreigners: Non dom flat tax of €100K a year on all foreign income for up to 15 years, against a €500K investment in Greece within 3 years and €20K a year more per family member, plus a 7% flat rate for foreign pensioners. 49 of the 100 addresses on the Patrician.ch board sit in a jurisdiction that does.
- On the passports most readers hold, the realistic route into Mykonos is Residence by investment, Lump sum residence, Remote work visa.
- Cost of the life is 108 on the Patrician.ch index where Zurich is 100, safety 7 of 10, schools 4 of 10. These 3 are Patrician.ch editorial indices scored by us, not published statistics.
- Rules moved in 2024: the golden visa floor rose to €800K in the areas people actually want. Any figure above is current to October 2026 and should be confirmed with counsel before it is relied on.
Official sources: Greek Income Tax Code, Law 4172/2013, Greek Government, Greek Ministry of Migration and Asylum. Checked against them on .
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Mykonos (Greece) tax and residence 2026 for a high earner, patrician.ch/cities/mykonos/, October 2026.
