Greece is a popular nation, one with a rich historical background that is filled with notable events. The country is referred to as the cradle of western civilization, and an influential nation in ancient times. It is also a favourite destination of tourists from all across the globe. The country features 16,000 km of coastline that offers numerous islands and enchanting spaces.
In addition to its beautiful landscape and relatively stable weather, Greece is favourably located in South-Eastern Europe, connecting Europe, Africa, and Asia. Greece is a developed country with a high-income economy, a high standard of living, and a high quality of life. The country has the strongest economy in the Balkans. Also, it is ranked high in the Human Development Index, a good indication that it has a good business atmosphere.
Greece has a relatively appealing business atmosphere that is accommodating foreign investments. The countries location offers access to the European Union markets, East European markets, and the Black Sea as well. And considering Greece generates a huge chunk of its revenue from tourism, it is logical to assume that there are many business opportunities.
Greece has gone through a serious economic crisis for about a decade, but it is making reasonable gains as far as recovery is concerned. This in itself offers opportunities to foreign investors looking to ride the wave of an economy that is bouncing back.
Whether you are an entrepreneur or a startup exploring business opportunities or expanding business operations to Greece, here are some tips and information to help you get started.
Business Registration
There is a long list of requirements that you must meet to start a business in Greece, but this is the most important one. The same can be said for any other country where there are business opportunities. Whether you are forming a new company or expanding to Greece, you must ensure that the business is legally registered. To get this done successfully you need the help of a local business lawyer or firm. If you need a reliable law firm with experience in registering and helping businesses settle in Europe, then you should visit oikonomakislaw.com.
Get familiar with all business regulations
To get your business up and running without any obstacles, you need to be conversant with the business regulations in Greece. Again, employing an experienced lawyer or law firm might be your best option when trying to navigate regulations. Being a foreigner starting a business in Greece, the regulations will be different for you. You should expect a tedious vetting process that will require the submission of various documents to establish your business and to make sure that it meets the standards.
Obtain all necessary licenses
There are different types of licenses you need to operate a business in Greece. And the kind of business you are starting will usually determine the kind of license you should obtain.Ensure that you have all business licenses needed to operate in Greece to prevent your business from shutting down.
Set up your financials and taxes
This should be one of the first things that you need to have in place. You must apply for a tax identification number to operate your business in Greece. Set up a company account and other financial documents as required by the business regulating bodies. That is why you need the services of a law firm with experience in helping businesses set up base.