Greece is one of the most popular countries by investors from all over the world who are interested in investing in it, for many economic and social factors have helped create attractive investment opportunities in the country. Here are the most important reasons that make Greece the perfect destination for many investors:
The strategic location of the country
Greece enjoys a distinctive and ideal strategic location for those seeking to enter the European market. Greece has direct access to a regional and global market, including the emerging markets of Southeast Europe and the Eastern Mediterranean. Greece is also a member of the Schengen countries, which consists of 26 European countries, and the country shares strong commercial and cultural ties with the region.
Quality of life including health and education services
Greece is famous for its picturesque nature, its charming small islands, its white sandy beaches, and its olive groves which are an essential part of the Greek heritage. The ancient Greek civilization and the prominent cultural heritage throughout the cities and islands made it an important tourist destination and a vibrant country. Everyone speaks English which makes it easy to deal with the locals when you visit the country. The healthcare provided in the country is of high standards. Hospitals, clinics and health centers in Greece are widely spread and are fully equipped with highly qualified and trained specialists. In terms of the educational level of the state, Greece has many distinguished educational institutions from international schools for basic and secondary education in addition to universities.
Investment incentives in Greece
Within Greece’s vision to achieve its economic goals, the Greek government has established a legal system known as the Investment Incentives Law (Law 4339/2016) that aims to develop plans and investment incentives for the development of regional areas and the advancement of the local economy in Greece. Through this legislative system, the government aims to create jobs, Developing a sense of creativity in companies and businesses, developing the technological and competitive level of sectors with high potentials, in addition to re-developing the manufacturing sector in the country.
These incentives vary according to the sectors in which the investment will be made. Examples of these incentives are tax exemptions on paying income tax, or aid and grants provided by the Greek government to cover all or part of the expenses of accepted projects, or government subsidies and leasing grants that enable companies to benefit from The Greek government coverage for a portion of the expenses of purchasing new machinery and equipment, in addition to the government grants for salaries, fixed tax rates, and incentives for pioneering and innovative projects.
Diversity of Investment Opportunities offered by the country
Greece offers investors who are interested in investing in it many opportunities in various fields, such as shipping and export services sector, the communications and information technology sector and the tourism sector, and the real estate sector, which is one of the best and most profitable types of investments with a promising future in the country as a result of the facilities and possibilities provided by the state, and the possibility of getting a return on these investments.
Possibility of obtaining Residency through Investment
The Greek government launched the Greece Golden Visa Program in 2013. The program provides the opportunity for investors and their eligible family members to obtain permanent residence. Investors wishing to apply for the program are required to make an investment in the real estate sector in Greece (apartment, house, shop, plot of land or group of Real estate assets) with a value of at least €250,000 Euros to obtain the residency, and they are required to maintain the ownership of the purchased property for life to renew the residency.