15 Apr 2015

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Article 17(1)(d) of Law 4251/2014 (the Hellenic Immigration Code) allows third country citizens who are employees and legal representatives who will work exclusively in companies in the Law 3427/2005 scheme to enter Greece after they have obtained a Greek entry visa. These third country citizens will be given a 2-year residence permit or a permit valid for the length of their planned stay in the country, which may be renewed every 3 years provided they continue to meet the conditions laid down by the law. Third country citizens may be accompanied by family members who will receive a residence permit...

09 Apr 2015

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Explanatory Circular no 58037/2014

Posted by ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ

in Immigration Law, Special topics

Athens 8 of April 2015 Pr. No 58037/2014 Holders of residence permits for other reasons Third country citizens entering or permanently residing in Greece for one of the reasons cited in Law 4251/2014 who apply to obtain or renew a residence permit of a type which allows them to be insured with a private insurance provider, can submit: • Insurance contracts entered into abroad, provided those contracts expressly indicate that they cover the person concerned for such time as he resides in Greece or • Insurance contracts entered into in Greece. The contracts will be accepted if they do not include deductibles and special additional covenants...

08 Apr 2015

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The electronic signature in Greek law

Posted by ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ

in Civil Law, Special topics

By virtue of Presidential Decree 150/2001, Directive 99/93/EC of the European Parliament and of the Council on a Community framework for electronic signatures was incorporated in the Greek law. Pursuant to such framework, an electronic signature, namely data in electronic form which are attached to or logically associated with other electronic data and which serve as a method of authentication is regarded as legally equivalent to hand-written signatures both in substantive law and in civil procedure law only if the essential and formal requirements laid down below are fulfilled. Essential requirements to be met so that the electronic signature is regarded as...

21 Oct 2014

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Ministerial Decision no 53821/2014

Posted by ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ

in Immigration Law, Special topics

A. Third country citizens entering or permanently residing in Greece for one of the reasons cited in Law 4251/2014 who apply to obtain or renew a residence permit of a type which allows them to be insured with a private insurance provider, shall be obliged on the date they submit the relevant request, to submit: a) Insurance contracts entered into abroad, provided those contracts expressly indicate that they cover the person concerned for such time as he resides in Greece or b) Insurance contracts entered into in Greece. B. To meet the provisions of Article 6(e) of Law 4251/2014 the coverage under the...

06 Oct 2014

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Voluntary support from the ship-owners sector is extended to four years

Posted by ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ

in Tax Law, Special topics

750 million euro contribution to the economy More than 420 million euro will be contributed to the Greek State funds in the next four years by the shipping industry as a voluntary benefit in addressing the economic crisis. With an amendment that was introduced to the Parliament yesterday, a solution was given to the problem that had been caused by the unconstitutional, as was described, compulsory taxation of the shipping industry for three years, raised with the Article 14 of Law 4223/2013 by the former Minister for Finance, Yiannis Stournaras, and was never implemented. With a new amendment that was introduced to the...

29 Aug 2014

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The general anti-avoidance rules in Greek law – Article 38 Law 4144/2013

Posted by ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ

in Tax Law, Special topics

Under the article 38 of the Tax Procedure Code (KFD), a general provision against the abuse of possibilities and discretions of configuring legal relations provided by legislation to the extent that this aimed to tax avoidance and resulted to, due to non-taxation, to the non-payment of tax either in whole or in part, is introduced for the first time in Greek tax law. In particular, it is provided that while determining the tax amount, the tax authorities have the right to disregard any configuration of legal relations, which is artificially done (artificial manipulation) in order to avoid taxation and due...

07 Aug 2014

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General procedural formalities in changes of employer

Posted by ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ

in Labor & Employment, Special topics

In the case of “change of employer” the following procedures must be followed, in general: First of all a private agreement between the old and the new employer and the employee should be signed. In this agreement the old employer discloses the terms of the employment contracts, the new employer accepts them and undertakes all the obligations that arise (accumulated rights of the employee) and the employee accepts the change of employer. The above private agreement must be submitted to the Manpower Employment Organization (OAED) the day that the change of employer (following a buy our, a merger/acquisition etc) is finalized and the...

11 Jul 2014

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Registration of an international trademark

Posted by ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ

in Intellectual Property, Labor & Employment, Special topics

The registration of an international trademark requires an investigation in the database for international trademarks with respect to those countries where one wishes to have the trademark registered, so as to identify whether a similar trademark has already been registered. In order to file an application for the registration of an international trademark, the applicant must be a Greek citizen or a resident in Greece or a company or a partnership having a real and permanent establishment in Greece and must have already filed an application for registration or registered the same trademark as a Greek one (if the application is...

11 Jul 2014

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Brief practical description of main Greek company types

Posted by ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ

in Company Law, Special topics

1. Partnership (O.E. ) - The most common form of company without need for a capital (only a nominal capital). - Is copied by the French “Société en nom Collectif”. - Simple accounting. - Unlimited liability for members for the company debts. - All members are considered as “traders” so they have an obligation to be registered for social security and pay relevant fees. - Difficult to manage if there are disagreements between the partners. - Little separation between management and ownership. 2. Limited Partnership (E.E.) - Same as the O.E. with the difference that at least one of the members has limited liability; - Is copied by the French “Société en Commandite Simple”. - The limited partner is not allowed to participate...

11 Jun 2014

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The investment of N.C.H. Capital Inc. in Kassiopi, Corfu and its complications

Posted by ΧΡΙΣΤΙΝΑ ΣΑΚΕΛΛΙΑ

in Real Estate, Special topics

The full possession and the occupation of the property in question with a surface of appr. 120 acres (489,560 sq. m.) in the area of Kassiopi, Corfu was transferred by an individual to the Greek State without consideration, in order to settle inheritance tax obligations. A little more than half of this property was classified as forest area by means of an act of the Corfu Forest Directorate. The remaining surface of the property was classified as agricultural and grass land. Within the property there is a lake with a surface of appr. 3,5 acres named “Vromolimni”. Moreover, within the 489,560...

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