Why You Should Invest In Greece And Which Properties?
Member of the European Union and European Monetary Union, which are likely to continue providing strategic oversight, assistance and access to credit during the country’s economic struggles.
– One of the strongest shipping sectors in the world.
– Its geographical location, which makes it a strategic link to the emerging markets of the Balkans, Black Sea, Eastern Europe and Eastern Mediterranean regions.
– Prospects for tourism in the long-term remain strong. As the industry continues to grow, it will create opportunities for investments related to upgrading or updating related infrastructure.
Government Measures to Motivate or Restrict FDIT
he Legislative Decree number 2687 of 1953 as well as Article 112 of the Constitution, give approved foreign ‘productive investments’ property rights, preferential tax treatment and work permits for foreign managerial and technical staff.
Law 4146/2013, entitled the ‘Creation of a Business-Friendly Environment for Strategic and Private Investments’ is the primary investment incentive law currently in force.
It aims to improve the institutional framework for private investments, raise liquidity, accelerate investment procedures and increase transparency. The Greek government also established in 2014 Enterprise Greece, merging the previous Invest in Greece investment promotion agency with the Hellenic Foreign Trade Board to create a sole point of contact for investors.
Country Comparison For the Protection of Investors
|Index of Transaction Transparency*||7.0||6.0||7.0||5.0|
|Index of Manager’s Responsibility**||4.0||5.0||9.0||5.0|
|Index of Shareholders’ Power***||8.0||7.0||4.0||8.0|
|Index of Investor Protection****||6.3||6.5||6.5||6.0|