Investment and Growth Opportunities Emerging In Greece
Greece is a beautiful European country for vacations, but it is also an exciting place for investment and business expansion. The geographic location puts businesses in touch with an active European market ready for high quality products and services from around the world. smsf advisory services pty ltd
This consumer market is growing steadily and is currently growing with upwards of 140 million buyers from the Eastern Mediterranean and Southeast Europe. There are no trade barriers to these consumers and Greece is a member of the Eurozone and the European Union. If you are interested in expanding your business to a new area of the world, you will find that some sectors of business have extremely competitive advantages in Greece.
When the Olympic Games came to Athens in 2004, investments were made in the travel and communication infrastructures. This investment has benefitted the people of Greece and has made the country ripe for investment. The natural resources found within the country also contribute to its emergence as a hot investment destination.
New Investment Legislation Affecting Real Estate
In order to maximize profit on the emerging Greece market, the country has adopted new investment legislation known as the Strategic Investments programme. The most recent legislations passed were designed to stimulate economic recovery within the country by offering incentives for "strategic investments." One area that will be impacted by these incentives is residential permits for real estate.
The Strategic Investments programme will allow select real estate investments to be fast tracked with administrative assistance, favourable conditions for planning, and other entitlements while proceeding through the permit process. In order to qualify for this entitlement, an investment needs to be deemed suitable by a government committee setup to evaluate investments.smsf advisory services
Another change is the offer of a long-term residence permit visa for third-country citizens who invest more than 250,000 Euros in real estate. This visa will allow the investors and their family members to travel freely between Greece and Schengen Area. This Fast Track legislation is something worth taking advantage of, especially since the real estate prices in Greece are currently bottoming out.
Progress and Change Happening Now
Decisions for global investment are typically made by weighing a variety of factors, including:
Stability
Timing
Location
Potential
Opportunity
Today's investors are paying more attention to Greece due to the massive structural overhauls happening within the country. The people of Greece have demanded change and progress for many years, and today they are starting to benefit form those demands. The country is becoming friendlier to business, and many international investors are eager to get involved with the transformation of the country.
The World Bank and the World Economic Forum have recently released studies indicating Greek progress in terms of eliminating structural barriers and overcoming regulatory shortcomings. These studies also highlighted positive changes made in the education system, technological preparedness and infrastructure throughout the country.
When you combine these positive changes with the Fast Track legislation currently passed for strategic real estate investors, it is easy to understand why the country is seen as a hotspot for investment.
Greek Growth In Other Sectors
The tourism has grown substantially in 2013, pulling in upwards of 17.5 million visitors by the start of 2014. This shows a dramatic boost in confidence on the part of tourists, and that is leading to even more interest from investors.
As tourism and real estate investment boom, Greek is also becoming known as a geostrategic location for the logistics sector. Many large companies are moving their operations into the country, and that is only encouraging more growth and more investment due to favorable forecasts for the long term and impressive measurable benefits for businesses. Some of the well-known companies currently investing in Greece include:smsf advisory
COSCO
HP
Phillip Morris
ZTE Corporation
Why would these companies and many other consider moving their operations to Greece? They are investing in the reformation and progress being made and the promise for the future that comes along with the Greek transformation. Investors from America, China, Germany, France and many other countries are now confident in the country's ability to emerge as a substantial world market, and they are showing their support in the form of major investments.
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