About Board of Investment (BOI) Law in Athens, Greece
The Board of Investment (BOI) law in Athens, Greece concerns itself with laws and regulations that govern foreign and local investments. The purpose of BOI is to stimulate economic development and encourage foreign capital inflow, while simultaneously protecting the socio-economic interests of the country. The BOI specifically provides assistance to enterprises investing substantial amounts into the Greek economy.
Why You May Need a Lawyer
Understanding the intricate laws surrounding BOI in Athens can be a daunting task. You may require legal help when setting up new business ventures, strategically planning tax structures, dealing with bureaucratic procedures, or safeguarding your investments. A lawyer can also help in understanding various incentives, exemptions, and privileges that the BOI offers to those intending to invest in Athens, Greece.
Local Laws Overview
The basic law governing the BOI in Athens is Law 4146/2013, also known as the 'Investment Incentives Law'. It focuses on the modernization and growth of the economy, and supports the realization of private investment projects. The Law provides various incentives like tax relief, lease subsidies, and employment support. The Greek Ministry of Economy and Development exercises authority over investment regimes and oversees all BOI matters.
Frequently Asked Questions
Q: What kinds of investments qualify for aid according to the Investment Incentives Law?
A: The law covers a variety of sectors including production, tourism, energy and agriculture. The qualifying conditions usually depend on the value of investment, its impact on employment, and the kind of technology used.
Q: Are there any tax benefits for investors under BOI law?
A: Yes, the Investment Incentives Law provides tax exemptions or reductions depending on the size and nature of your investment.
Q: Can a foreign national set up a business in Athens under the BOI scheme?
A: Yes, foreign nationals can set up a business relevant to sectors covered by BOI laws to enjoy incentives and subsidies provided they satisfy certain conditions.
Q: How does Law 4146/2013 protect the interests of the investors?
A: The Investment Incentives Law ensures transparency, security and enhanced dispute resolution for the investors. It also provides an attractive and stable taxation setting for long term investments.
Q: Are these benefits available to both local and foreign investors?
A: Absolutely, the BOI scheme is designed to encourage both domestic and foreign investments in Athens, Greece.
Additional Resources
For information on laws, incentives, and other benefits related to the BOI, you can visit the official website of the Greek Ministry of Economy and Development. Enterprise Greece, the official agency of the Greek State, also provides valuable insights about investing in Greece.
Next Steps
If you are looking for legal assistance with the BOI in Athens, the first step would be to reach out to a local law firm that specializes in investment law. Ensure that the firm understands the vision for your investment and is familiar with the workings of BOI and associated laws.
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Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
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