Invest Aetos

22/09/2021

5 units available on this building! Located in Near Smyrni 5km from the beach and 5km from the center of Athens. The perfect investment for an all year round vacation rental!

Each unit going for 2000€/sq.m Corner building with incredible views
Perfect location to commute to the historic sights and to the beautiful Athens Riviera!

Contact us at [email protected]

22/09/2021

Dream of investing in the historic zone of Acropolis? Passion for tourism and the growth in the industry. Then this building is for you!

1000€/sq.m
6 units
2km from the entrance to Acropolis!

Contact us at [email protected]

Investing the honest way!

22/09/2021

The Council of the European Union projected Greece recover and return to a surplus by the end of 2021. Its resilient economy is well positioned to manage the impacts of the Corona virus and benefit in the next economic cycle. In its November 2020 statement on Greece, the Eurogroup attributes the recovery to the successful implementation of strategic reforms: “We welcome the progress made with reform implementation in these difficult circumstances, in particular the adoption of the major reform of the Greek insolvency framework, which is expected to contribute to resolving the key challenges in the financial sector. Other areas in which good progress has been achieved include public administration, the energy sector, public revenue and social welfare.” (Source https://www.consilium.europa.eu/en/press/press-releases/2020/11/30/eurogroup-statement-on-greece-of-30-november-2020/ )

Having shed the austerity measures in 2018, the Greek economy has expanded and returned to profitability (see chart for GDP figures Source https://www.consilium.europa.eu/en/infographics/financial-assistance-to-greece-2010-2018/ ). This has facilitated lending and allowed the government to boost its cash reserves. This has been Greece’s biggest weapon against the pandemic-induced crisis because it can finance its support measures and signal to the market that the country does not have any liquidity problems. It also has an ally in the European Central Bank and its bond-buying program, which has been a safety cushion.

Fabio Balboni, Director and Senior European Economist at HSBC, points out that the correct metric would be to take into account the turnaround in the deficit level. “Greece went from a small fiscal surplus last year to a fiscal deficit of around 10% of GDP (per HSBC estimates). That’s a turnaround by 12% of GDP, or 20 billion euros. So the ECB did nothing more and nothing less than offset that – pretty much as it did for all other eurozone countries. But the key is that Greece had already put itself in a strong position from a markets perspective given its strong commitment to reforms, privatizations, ability to attract foreign direct investment which led to several ratings upgrades in the previous years and which are still reflected in the most recent upgrade by Moody’s credit rating.”. (Source https://www.ekathimerini.com/economy/261865/greek-economy-s-vaccines-qe-and-cash-buffer/)

If you are interested in investing in Greece and taking advantage of vatious investment opportunities please book a consultation with the professionals at Invest Aetos.

22/09/2021

March 23. 2021

Greek lawmakers approved the transfer of partial ownership of the former airport site to Greek developer Lamda, bringing one of the country’s biggest urban redevelopment plans a step closer to being completed. The expected cost of the gigantic Hellenikon Airport redevelopment project will be close to €9 billion and will be Europe’s first ever integrated casino resort, include gaming-integrated hotels, convention centers, entertainment theaters, theme parks, as well as a luxury retail and fine dining venues. The casino & hotel complex is futuristic in appearance and will be named “Inspire Athens”.

The project is led by U.S. casino operator Mohegan Gaming & Entertainment and is expected to create 75,000 jobs. The Greek government has vowed to speed up the project, which is expected to help its efforts to pull the country out of a recession induced by the coronavirus pandemic. It will combine two things’ Greeks are passionate about: Tourism and Gaming. Making them a pinnacle destination for fun seekers and investors.

Lamda Development, the firm that is responsible for redeveloping the old Ellinikon Airport, will pay its first down payment next week.

22/09/2021

As of January 1st 2020 , the Greek parliament ratified law 4646 /2019 introducing changes in the Greek tax legislation. The change targets high net-worth individuals and incentivizes them to transfer their tax residency to Greece. The law dictates that the investor will pay a fixed tax of one hundred thousand (€100,000) in the tax year, irrespective of the total income earned abroad. This favourable regime can apply for a maximum time 15 fiscal years. Hight Net Worth Individual’s who choose to transfer their tax residence to Greece will enjoy the privileges of special tax treatment provided the following conditions are met:
• The taxpayer has not been a tax resident of Greece in the past seven out of the eight years prior to the transfer of their residence to Greece
• The taxpayer has to prove that either they or a relative have invested at least two hundred and fifty thousand (€250,000) in real estate seated in Greece.

( Please note: With the payment of this fixed tax, the individual bears no further tax obligation for income earned abroad and they are also exempted from inheritance or gift tax on properties located abroad.)

Multinational businesses and auditing firms that are active in Greece have been surprised by the interest being expressed and are focusing a large part of their activities on non domestic (Non-Dom) tax plan. Strong interest on the one hand and the gray areas in the law on the other, have led the government to expands the scope of the scheme by providing more incentives for more categories of foreigners seeking to move their tax residence. This could mark one of many initiatives on the way from the Greek government to help promote and grow the Non-Dom program.

20/09/2021

New Greek tax law for the wealthy!




https://investaetos.com/greek-tax-law-aimed-to-attract-the-wealthy/