Mark Your Calendars and join us for EMBCA’s “Doing Business in Greece” Panel Discussion on Sunday January 10 at 2 P.M. EST (11 A.M. PST/ 9 P.M. Athens EEST). Doing business in Greece is easier today than a decade ago when the economic crisis began. More state services have come online, investment incentives are kicking in, and reforms are boosting the labour market. Although the Hellenic Republic’s at times Byzantine bureaucracy has baffled investors for years, the regulations have now been cut significantly, with costs and taxes slashed and procedures streamlined, making starting a business faster, simpler, and less costly to set up. This panel discussion will help demystify the process of “Dong Business in Greece” as the Hellenic Republic heads to potentially becoming a regional and Global Hub for Doing Business.
Reflecting palpable confidence in news out of Greece, Foreign Direct Investment (FDI) has picked up for the third year in a row. Furthermore, the government has outlined a non-domiciled regime and lump-sum taxation for individuals residing, for tax purposes, outside of Greece for the last seven out of eight years, that is applicable under certain conditions. They have also ushered in a new reduced tax bracket for personal income applicable as of January 1, 2020 and new legislation is being proposed that will offer low tax rates for EU retirees and hopefully soon US retirees. Some of the key advantages of investing in Greece include a swathe of investment funds from EU- wide purses, such as the European Investment Bank and the European Commission’s so-called ‘Juncker Plan’ of strategic funds, which are also available to investors. Also recent investments from global companies from Cosco to Microsoft and many others are leading the way. In addition but not finally Hellas is a very desirable location to live and work with easy access from around the globe, has a high standard of living, with a highly educated population in addition to an important Diaspora and a great brand name.