BUSINESS IN GREECE
Doing Business in Greece
Greek law provides for a variety of legal forms for carrying out a business. In addition to establishing a Greek company or entity (partnership), foreign enterprises may establish and operate a business in Greece by forming a Greek branch or entering into a joint venture with another enterprise.
Greek Tax Facts for Individuals
The global income of Greek tax residents is subject to tax in Greece. Non-Greek tax residents are subject to tax only for earnings generated in Greece. Different tax rates or tax scales are applied to each income, depending on the source of this income.
Real Estate Overview
Owners of real estate in Greece can be divided in two main categories with different tax treatment:
- Individuals: the property belongs directly to natural persons for ownership, exploitation or investment.
- Legal entities: the property belongs to companies for ownership, exploitation, investment, construction or rebuilding.