Exchange controls in Greece were abolished on 1st January 1990 and there are no restrictions on the import or export of funds. A Greek resident is permitted to open a bank account in any country and to import (or export) unlimited funds in any currency. However, the importation of sums over 10,000 euro and the exportation of sums over 2,000 euro must be declared at customs. Greek residents need a certificate from the Greek tax authorities in order to export foreign currency over 10.000 euro.

If you're a Greek resident, you must also inform the Greece tax authorities in your annual tax return of any new foreign account. Sums in excess of approximately 32,700 euro deposited abroad, other than by regular bank transfers, must be reported to the Bank of Greece. By doing this, you make the import or export 'legal' whatever its source and you won't be investigated for fraud. Similarly, if you wish to export funds, you require written proof that the funds were obtained legally. For example, if you've sold a house, then the contract of sale (signed and stamped by either the notary or the lawyer who was present at the completion) is acceptable. A certificate from the tax authorities is also required, verifying that you don't owe any taxes to the Greek government.