Investing in Greece
“Invest in Greece, achieve mutual benefits and win– win.”
Wei Jiafu, President & CEO, COSCO
In 2013 and 2014 significant foreign investments were realized, due to the attractiveness of Greek asset prices, the willingness of Greece to recover its economy and the Return on Investment potential.
Incentives for Real Estate investors include the provision of a long term Residence permit for investments above a certain threshold which is the second lowest in Europe (more details for Schengen visa on Greek official webpage.
Foreign investment in Greek real estate focuses on commercial, touristic and private properties:
- Commercial investments in transportation (ports, airports, railways) exploit the unique geographical advantage of Greece as entry point into the European market,
- Tourism is one of the largest contributors to the Greek economy (a record 22 million tourists visited in 2014) and therefore investments such as hotels, resorts, restaurants, etc. are in demand,
- Private properties such as single houses, apartments, plots for building and holiday homes in the unique Greek environment and style are attractive and allow investors to apply for a residence visa.
Taxation incentives were recently applied, the general transfer tax has been reduced to 3%.
The Greek currency is Euro, and Greek Law is aligned with EU law. Greece is one of the founding members of the United Nations and the 10th member that joined the EEC, EU from 2001.
“Hewlett-Packard will transport its goods across Europe, the Middle East and Africa through Greece’s biggest port, after agreeing a deal with China’s Cosco Pacific.”
Enterprise Greece, Newsletter, December,2012
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