According to official data
German citizenship for investment … time and effort
Germany is the largest and most stable economy in Europe. German passport offers visa-free access to 188 countries of the world. Germany ranks fourth in the list of the best countries in the life drawn up by the United Nations, and ten German universities are in the top hundred according to the Times Higher Education magazine. Therefore, many wealthy foreigners seek to obtain German citizenship. Can I get a German passport for investments in the economy of the country? Continue reading
Business in Athens: not a catastrophe, but an opportunity
Greece returns business confidence. In February 2018, the international rating agency Moody’s raised the rating of the issuer of Greece from Caa2 to B3. The volume of foreign direct investment in Greece, according to the official Greece Agency Enterprise Greece, grew by 30% in 2017 compared to 2016 and reached 3.6 billion euros. Greece’s GDP has been growing for the fourth quarter in a row, and, according to forecasts of the European Commission, the Greek economy will continue to grow by 2.5% per annum in 2018 and 2019. The disposable income per capita, according to estimates of the European Central Bank (ECB), in 2017 increased for the first time in five years. Continue reading
Investment in rental business in Greece: European residence permit and high profitability amid rising prices
On August 30, the Independent Public Revenue Authority of Greece (AADE) announced the launch of a digital registry for those who rent out Greek property for short-term rent through online platforms: for example, Airbnb, Booking and HomeAway. Those who ignore the new rule face a fine of 5 thousand euros. The purpose of the regulator is to provide tax control and protection of tenants’ rights. Although the relevant law came into force on January 1, 2018, the launch of the registry was postponed several times and took place only eight months later. Continue reading