Greece is considered one of the countries that attracts investors from all over the world. Several economic and social factors have contributed to creating attractive investment opportunities in the country. In this article, we will highlight the key reasons that make Greece a preferred destination for many investors.
1. The strategic location of the country
Greece has a unique and ideal strategic location for those looking to enter the European market, It also offers direct access to regional and global markets, including emerging markets in Southeastern Europe and the Eastern Mediterranean. Additionally, Greece is a member of the Schengen Agreement, consisting of 26 European countries, and the country maintains strong trade and cultural relations with the region.
2. Quality of life including health and education services
Greece is renowned for its breathtaking natural beauty, charming small islands, white sandy beaches, and olive groves that are an integral part of Greek heritage, The ancient Greek civilization and prominent cultural heritage found throughout its cities and islands have made it a significant tourist destination and a vibrant country.
Moreover, English is widely spoken in Greece, making it easy to interact with local residents during your visit. The healthcare provided in the country adheres to high standards, with hospitals, clinics, and healthcare centers widely available and fully equipped with highly qualified and well-trained specialists.
Regarding the education system, Greece boasts several distinguished educational institutions, including international schools for primary and secondary education, as well as universities.
3. Investment incentive in Greece
As part of Greece’s vision to achieve its economic goals, the Greek government has established a legal framework known as the Investment Incentives Law (Law 4339/2016), This law aims to create investment plans and incentives for the development and growth of regional areas and to boost the local economy in Greece.
Through this legislative system, the government aims to create jobs, foster creativity in companies and businesses, enhance technological levels, and improve the competitiveness of high-potential sectors. Additionally, it seeks to revitalize the manufacturing sector in the country.
These incentives vary depending on the sectors in which investments are made. Examples of these incentives include tax exemptions on income tax, grants and subsidies provided by the Greek government to cover some or all of the expenses of approved projects, government leasing allowances enabling companies to benefit from government coverage of part of the expenses for purchasing new machinery and equipment, as well as government grants for salaries, fixed tax rates, and incentives for pioneering and innovative projects.
4. Diversity of Investment Opportunities offered by the country
Greece offers numerous investment opportunities in various sectors for individuals interested in investing in the country, such as the shipping and export sector, the telecommunications and information technology sector, and the tourism sector. Additionally, the real estate sector is considered one of the best types of investments, offering profitable returns and a promising future in the country due to the incentives provided by the government and the potential for investors to benefit from their investments.
5. Possibility of obtaining Residency through Investment
The Greek government launched the Golden Visa program in 2013, allowing qualified investors and their families the opportunity to obtain permanent residency. Investors interested in applying for the program are required to make an investment in the Greek real estate sector (such as an apartment, house, store, land, or a portfolio of real estate assets) with a minimum amount of 500,000 euros in order to qualify for residency, They are also obligated to maintain ownership of the property to renew their residency.
In Reach Real Estate Investment, we have sufficient experience and knowledge in the field of real estate in our branches around the world. If you are interested in real estate investment options in Europe, get your free consultation and contact us via the link here.