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Greek Real Estate seems a very attractive option for a foreign citizen, especially during this particular period, as a number of positive conditions are met, namely:
• The reduction of the Real Estate prices.
• The most favorable residence permit program in Europe.
• The advantages that Greece combines: a safe European beautiful, sunny country ideal for 4 season living. This combination is not very likely to happen.
However, the distance from decision to action is very long. Buying a property in a foreign country is a procedure not considered as a piece of cake. Complicated matters may arise and many questions have to be answered such as:
Analysis of financial statements
• Preparation of business and strategic plans
• Business reorganization and cost reduction
• Drafting – updating internal operating regulations, designing appropriate internal control procedures
• Provision of accounting – tax technical advice for shipping issues (foreign commercial and industrial companies established in Greece according to Law 89/1967, shipping companies Law 959/1979 and ship-owning companies)
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