Greece still fascinates investors because it provides a wide range of investment options that capitalize on the nation’s advantageous geographical area and distinct competitive strengths. With a GDP of nearly 1 trillion euros, 140 million consumers can be reached easily through Greece.
Greek businesses and institutions are well-established in the markets of the surrounding countries. Investors are realizing that Greece possesses a unique set of qualities that are unmatched in Europe. Greece is a popular tourist destination on the international stage, a developing regional power center, and it has highly skilled and bilingual human resources.
Invest in Greece
Greece is starting a new phase in its development, therefore currently is the ideal time to invest. The state has passed large tax breaks, the markets have reacted favorably, huge investments are on the horizon, real estate values are anticipated to increase, and visitation is at an all-time high. Future economic growth is predicted to be close to 3%, one of the highest rates in the Eurozone. Therefore, the wisest financial decision someone can make right now is to invest in the Greek economy. The top Greek industries that entice international investment are listed below.
Tourism
Greece offers a fantastic investment prospect in the tourism industry with more than 16,000 miles of shoreline, more than 6,000 archipelagos, and a developed leisure business. The country offers appealing options for year-round-themed vacations and is among the top international tourist locations for sun and seaside vacations. Greece’s economic strengths, such as its rich historical legacy, scenic wonders, and regional variety, have attracted considerable tourism investors recently, further solidifying Greece’s reputation as an outstanding location for investments.
Energy
The country will play a vital role in determining the composition of all of Europe’s electricity sector and will offer substantial investment options in the power field due to the abundance of sustainable energy resources and current infrastructure initiatives.
Due to economic growth and shifting consumer habits, the Greek power system has seen a consistent rise in energy use in recent times. Through oil pipelines, power grid connections, and other ways of assuring Supply Security, Greece can play a significant role in the transit of energy from East to West.
ICT
The desire for robotics and modernization in the Greek state and commercial sector has made the ICT industry among the most important in the Greek industry. The abundance of trained labor, the existing research skills, the robust IT, and the excellent working facilities all contribute to the ICT sector’s numerous investment potential.
Life sciences
The Greek life sciences sector has a tremendous opportunity for expansion both in serving its market and in extending its reach across national boundaries. Greece’s life sciences sector has been expanding quickly, and more new start-up and spin-off businesses are pursuing worldwide R&D partnerships to create competitive, technologically advanced goods and services. The Greek R&D network, which consists of globally recognized institutes, scientists, and academic experts, is crucial to this dynamic expansion.
Agriculture
Greek food and agriculture have historically been among Greece’s top export industries. It holds a significant position in the European and expanding position in the US food industries as well as a variety of businesses seeing rapid export development. Greek businesses have taken advantage of the challenging perks provided by Greek primary producers to generate everything from processed meats to sesame oil, making food and farming one of the most vibrant and high-growth industries in Greek production.
Incentives provided by the government
The state’s incentives for attracting international investors are listed below.
Investment incentive
The law gives investors the option to use investments under Special Guidelines for the Spatial Growth of Strategic Investments. The legislation also allows for the acquisition of property or the creation of rights in person over real estate.
Tax incentive
The law allows for the possibility of a tax exemption as well as the acceleration of tax writedowns on assets that are a part of the authorized investment plan.
