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Establishing a Business in Greece | How To

Establishing a Business in Greece | How To

When you mention Greece, the first thing that comes to mind is tourism, thanks to its beauty, rich history and culture. It is a favourite tourist country visited by people from across the globe.

Greece has a relatively attractive business climate that is welcoming to foreign investors. With its strategic location, the country provides access to various markets in the European Union, Eastern Europe, and the Black Sea. Since Greece generates some of its revenue from tourism, it is only logical to suggest that there are many business opportunities that entrepreneurs can leverage.

If you are an entrepreneur exploring business opportunities or expanding your business operations to the coastal country, here are some things that you need to know about company formation in Greece.

Register Your Business

Greece has very strict business regulations, and that includes registration and other paperwork that you need to set up your business. There is a long list of requirements that entrepreneurs must meet to establish a business in Greece but completing the business registration is the most important requirement. You can expect a similar process in other countries across the globe. Whether you are starting a new company or expanding, your business is legally registered.

Get Legal Support

To get through the registration process and other aspects of establishing your business in Greece, you need the help of a local business lawyer or law firm. For most foreigners planning to take their investment to the coastal country, they may stumble on some obstacles that can only be addressed with the help of a lawyer. Getting help from a local or international law firm with experience with helping businesses get settled and fully operational is very important.  If you are looking for a law firm in Athens, check oikonomakislaw.com.

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Understand Business Regulations

To get your business up and running without any issues with regulating agencies, you need to be conversant with business regulations. An experienced lawyer or law firm might be your best option when trying to understand regulations. Being a foreigner starting a business in Greece, the regulations might seem different and confusing 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 regulation standards.

Obtain Necessary Business Licenses and Permits

There are different licenses you need to operate a business in Greece. The kind of business you are setting up will determine the kind of business license you need to obtain. Ensure that you have all business licenses needed to operate in Greece to prevent disruptions to your business operation.

Get Your Financials and Taxes in Order

Apply for a tax identification number before opening up your doors for business. Set up a company account and other financial documents as required by the business regulating agencies. This is another reason why you need to employ a law firm with experience in establishing businesses in Greece.

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