PUBLICATIONS

The reformation of the employment law in Greece

The Greek government is in the process of reforming its employment legislation. To this direction, a draft law has been presented which involves very important amendments. The scope of the present is to present these. As soon as the new law is ratified, an update shall be provided to the present. Arranging working time The ...

The Ministerial Decision on the tax incentives for foreigners moving their seat to Greece has been published (The so-called “brain gain” incentive)

The recent Law 4758/2020 established tax incentives to attract foreign employees and the self-employed individuals from abroad, as well as Greeks who left the country during the financial crisis, to transfer their tax residence and work in Greece. The recent issuance of the Joint Ministerial Decision (JMD 1087 / 15.4.2021, Government Gazette BD 1691) that ...

Greece offers investment incentives to attract investors and individuals

During the last recent years the Greek government has adopted various investment incentives. The mere scope of these initiatives is to attract various categories of legal entities and individuals as well as to facilitate entrepreneurship. The purpose of the present is to provide a brief overview of some of these initiatives under the light of ...

The Law on the “brain gain” tax incentives in Greece

Based on the article 40 par. 1 of Law 4758/2020 (Government Gazette A242 / 04.12.2020), the article 5C was added to the Income Tax Code. This article establishes tax incentives for individuals who will transfer their tax residence in Greece. Specifically, there is an exemption from income tax and from the special solidarity contribution for ...

A brief note on getting a permit in Greece as a Financially Indepedent Person

In general, we need to clarify that Visa is an official document that it allows for a non-national to enter a country, while permit is an official document that it allows a non-national to resident a country. The granting of a permit to an applicant is based on the appropriate type of the already issued ...

Incentives for foreign retirees to be transferred in Greece

According to a recent draft Law, at a rate of 7% will be taxed independently each year and for 10 years the income earned abroad by foreign retirees who choose to move their tax residence in Greece. With the payment of this tax, every tax liability of the natural person for this income shall be ...

A brief note on getting a permit in Greece as a company’s executive

In general, we need to clarify that Visa is an official document that it allows for a non-national to enter a country, while permit is an official document that it allows a non-national to resident a country. The granting of a permit to an applicant is based on the appropriate type of the already issued ...

Incentives for L. 3427/2005 (former L. 89/67) companies

* in association with VK Premium Business Consultans (www.vkpremium.com) Companies of L. 3427/2005 (former L. 89/67) companies may be granted, cumulatively or alternatively, aid in the following categories: a) Aid for the recruitment of disadvantaged and disabled workers Eligible for support costs are the wage costs over a maximum period of twelve (12) months of ...

Charter License in Greece: a brief introduction

In order the yacht’s charters/voyages commence and end in Greece, and also be able to embark and disembark passengers while in Greece, the yacht and its owning company (if no Greek) will have to comply with the following requirements: The vessel must “ideally” be registered to an EU Ship’s Registry and hold a valid Certificate of ...

The reforming of the Bankruptcy Law in Greece

Greece, April, 2020 The debtor shall be fully relieved of his debts to banks, the State or other creditors, 24 months from the filing of the Bankruptcy petition, and 12 months from the declaration of Bankruptcy, according to the draft of the new Bankruptcy Law that the Greek Government and the Ministry of Finance are ...

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