Video Briefing

IMI Daily: $200M Tennis Pro Ditches Spain and Monaco for Greece

Nov 15, 2025Video Briefing1:37Watch on YouTube

Novak Djokovic has obtained a Greek Golden Visa after buying a luxury home in Glyfada, on Athens’ coastal stretch. The move places Greece at the center of his family, residency, tax, and tennis operations after several years based in Spain.

Djokovic moved to Athens with his family last summer after five years in Marbella, Spain. Before Spain, his international base included around 15 years in Monaco, along with a seasonal presence in Dubai.

The Serbian tennis player is described as holding 24 major titles and 101 career titles.

Why Athens

Djokovic has spoken positively about Greece and its historic and cultural ties with Serbia. According to the transcript, he said he feels at home in Athens, and that sense of ease played an important role in the decision.

His family move also appears connected to education. Media reports cited in the transcript say his children, Stefan and Tara, are enrolled at St. Lawrence College, a 20-acre British school in Athens with on-campus outdoor tennis courts.

Golden Visa and real estate

Djokovic confirmed that he obtained a Greek Golden Visa after purchasing a luxury property in Glyfada.

The transcript does not provide the purchase price or the specific Golden Visa investment threshold used.

The residence is located on Athens’ coastal stretch, positioning the family in one of the city’s higher-end residential areas.

Possible tax incentive

The transcript suggests there may also be a financial reason for the move.

Djokovic reportedly earned nearly $30 million last year, according to Forbes. Based on that income profile, the transcript says he would likely qualify for Greece’s non-dom tax regime.

Under the regime described in the transcript, new residents can pay a €100,000 annual tax on worldwide income for up to 15 years.

Tennis operations shift toward Greece

A related development is the relocation of a tennis tournament connected to Djokovic’s family.

The Belgrade Open, owned and managed by his brother Djordje, was canceled in 2025, moved from Serbia to Greece, and reintroduced as the Hellenic Championship.

The transcript presents this as a sign that the Djokovic camp may be shifting some tennis operations toward Athens.

Broader residency pattern

Athens is not Djokovic’s first foreign base.

His residency path described in the transcript includes:

  • Around 15 years in Monaco.
  • Marbella, Spain, from 2020.
  • A seasonal presence in Dubai.
  • A move to Athens after obtaining a Greek Golden Visa.

The move to Greece appears to combine family, lifestyle, cultural, tax, and business considerations.