Despite the pandemic, the lockdowns and the restrictive measures to prevent the spread of Covid, Greece remains an investment magnet. Moreover, it is an important market and we present you the most popular reasons why someone should
invest in Greece.
Strong economic outlook
Greece is expected to grow by more than 6% in 2022, which means that the country will exceed the forecasts for the eurozone which are set at 4,5% in terms of GDP growth and will stand out.
Strategic geographical location
Apart from being a famous destination, Greece also benefits from a strategic geographical location, which connects investors, tourists and residents with the rest of the world. It is located at the crossroads of Africa, Asia and Europe with all European countries within three hours. Greece also offers direct flights to major cities such as London, New York, Dubai, Moscow, Beijing, Shanghai and Singapore, paving the way for global operations and allowing investors to easily visit the country from many corners of the world.
Member of Schengen and EU
Greece is a member of Schengen- the largest visa free zone in the world. Greek residents can travel freely within the zone and also have the opportunity to live in another Schengen country for up to three months per semester. Greece is also a member of the EU, allowing it to benefit from infrastructure and financing projects in the region.
Attractive visa opportunities
The Greek Golden Visa program, is one of the most attractive residence programs in Europe. It takes an investment of 250.000 euros in real estate to be eligible, which is half the investment required in countries such as Spain and Portugal. The program offers investors and their immediate family a five year stay with no minimum residence requirements, along with free travel in the Schengen area.
Incentives for economic activity
Greece has implemented a number of initiatives to provide incentives for economic activity, such as:
· 1. The suspension of VAT on the transfer of newly built real estate until 31 December 2022. This is done in order to encourage the construction of real estate and to support the real estate market.
· 2. The reduction of corporate income tax from 24% to 22%.
· 3. The three year suspension of the capital gains tax (15%), which is valid for natural persons in case of a transaction of sale of real estate until 31 December 2022.
· 4. The introduction of a variety of new alternative tax regimes for natural persons transferring their tax residence to Greece.
