It is a fact that the Greek program is very popular due to the competitive advantages and its low entry price. The basic requirement for obtaining a permanent resident permit for a third-country citizen is the purchase of a property of at least 250,000 euros. However, the establishment of a domestic preferably company (SPV), or alternatively a subsidiary of a foreign company, has a number of issues that you need to look after and ask for expert consultancy. Tax issues, best business structures, tax dividend issues, funding schemes and effective company structure are among the whole setup. It would be better to contact a consultancy company and mandate it to take over for your account the full package from a tax and legal aspect of setting up your company. In addition, a construction company should also take into account the current legislative framework of the country on construction and licensing issues. Several issues, like archeological issues, forest issues and building coverage issues, should be taken into consideration since the time for the implementation of the project is a critical factor for any business. Following the above, and given the Greek bureaucracy, you could proceed in expanding your business in Greece but under a careful schedule of all your steps, and with professional consultation and advice of dedicated consultants.
