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Special topics

Iason Skouzos & Partners > Special topics (Page 10)

Is it possible for a third country national to work in Greece without a corresponding residence permit?

Law 4251/2014, besides the already existing residence permits that give the holder access to labour market, provides a new, more flexible way for people who want to work in Greece for a short period of time. This would be a visa D type or National Visa, granting residence for business for a certain period of time up to 1 year, that is not followed by a residence permit. The above visa cannot be renewed, and applies only to the following categories of persons/activities: a) Seasonal employees (Seasonal employment of third-country nationals is their employment in Greece for a period of up to...

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Ministerial Decision no 53821/2014

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...

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

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...

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

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...

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The government announced the elimination of cabotage for yachts

Minister of Tourism, Olga Kefalogianni agitated the stagnated waters of Greek yachting, by announcing yesterday the elimination of cabotage, already in force for cruise ships. On one hand, this announcement means for companies managing Greek marinas that they can already start “counting” their future benefits, but on the other made professional vessel owners under Greek flag very worried about the future of this sector in Greece. More specifically, at the press conference Ms Kefalogianni commented on maritime tourism, saying that in cooperation with other ministries, including the Ministry of Finance, a law draft is being prepared. It will regulate issues such...

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Two models of the hotel industry consolidation

The season ends, it’s time for hotel deals The Greek and foreign investors who are interested in acquiring hotels units, are waiting for a sign from the banks. It is said that, by the end of the season, the acquisition process of the hotel units is expected to begin, mainly of those facing difficulties repaying their loans. As hotel agents highlight, no moves have occurred from the banks’ side for the moment. Furthermore, they add that while a year now SETE (Association of Greek Tourism Enterprises) has raised the issue of the liquidity and the facilitation of the capital flows from the...

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General procedural formalities in changes of employer

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...

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Registration of an international trademark

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...

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Brief practical description of main Greek company types

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...

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