Greece Market Entry Strategy

How to set up Business in Greece?

The new economy of Greece is really shaping well. Also, the country has the high ground on workforce, propelled framework and is right now a nation with extraordinary potential for reviving its economy. This is one of the main reason due to which the nation has been attracting entrepreneurs from around the globe to make new organization and invest in the country. Investors wishing to set up a business in Greece have the option to form any type of legal business entity (LLC, General / Limited Partnership, Branches). Here are the five steps to start your company in Greece:

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  Choose the type of Legal Entity for your business

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  Register the Company with Chamber of Commerce

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  Obtaining a Tax Identification Number & other sector specific licenses

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  Make a Company Seal & books and accounting log

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  Registration with EFKA (Unified Social Security Institution)

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The Greek law provides for a variety of legal forms for carrying out a business in the country. Apart from setting up a Greek company or entity (partnership), foreign investors may establish and operate a business in Greece by forming a branch or entering into a joint venture with a local business. An entity with its registered place of business in Greece is normally considered to be a Greek entity despite the fact that all of its members may be foreign.

Here are a few tips on planning, legal issues, hiring, immigration, and taxes & an overview of Greece market that would help you to build a expansion strategy for your business.

Top 3 Sectors for Investment in Greece

Over the last decade, the venture openings have turned out to be appealing and generally accessible in segments like Travel and Tourism, Defense and Aerospace, Maritime, Agricultural items and sustainable power source. The service sector is also an important part of Greece financial profile, but other sectors including IT sector, Biotechnology, health care, and property management, hold numerous attractive investment opportunities for foreign investors.

DOWNLOAD THE GREECE MARKET ENTRY REPORT FOR FREE

Greece stands at the crossroads of Europe, Asia, and Africa and offers excellent opportunities for internal-continental connection. The country has a highly developed maritime infrastructure that offers a platform to venture into nearby markets. Entrepreneurs planning to expand or set up business in foreign market, Greece could be the right place for them, as it is more welcoming and there is an abundance of opportunities available with a long term business existence. You can find a detailed report covering different facets and market intelligence related to Greece here.

Visa and Immigration

The Golden Visa for Greece, residence -by-investment, is one of the most popular investment visa programs in the EU. There are several investment options available but the most common route is through purchasing real estate. It immediately grants five years residency to the investor and their family, as well as free travel in the Schengen zone.

Eligibility Criteria:
1. Individuals to be above the age of 18 years.
2. No criminal history record in any country.
3. Must obtain a health insurance from a company operating in Greece
4. Must have a significant investment in Greece.

 

 

Investment Options for the Golden Visa:
1. Purchase of real estate property worth at least EUR 250,000
2. Sign a lease agreement with a hotel or tourist establishment for at least 10 years
3. Capital investment in a company registered in Greece, worth at least EUR 400,000.
4. EUR 400,000 deposit in a Greek bank.
5. Invest EUR 400,000 in bonds or shares of real estate investment companies.

 

 

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