Investment Opportunities in Greece with Felios & Associates Law Firm
"Explore Foreign Direct Investment opportunities in Greece with Felios & Associates Law Firm, a trusted legal partner offering expert services and advice for over 40 years. With a focus on FDI, they assist investors in market opportunities, licensing procedures, and more, making Greece an ideal destination for business ventures."
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FELIOS & ASSOCIATES LAW FIRM INVESTMENT INVESTMENT OPPORTUNITIES in OPPORTUNITIES in GREECE GREECE 10 Neofytou Vamva St. 106 74 Kolonaki, Athens, Greece T: +30 2107299630 F: +30 2107299651 E: sfelios@felioslawfirm.gr, www.felioslawfirm.gr, www.libralex.com
FELIOS & ASSOCIATES LAW FIRM Introduction For the last 40 years Felios & Associates Law Firm (FLF), has offered integrated legal and other expertise services and advice, with regard to Investment/Business activities The firm, with its team of highly qualified professional lawyers, as well as technical experts of an international experience, has been recently focusing on services referring to Foreign Direct Investment (FDI) opportunities in Greece! The work and commitment of FLF to providing excellent service is defined with the in depth local knowledge oriented in finding quality solutions. FLF is committed in achieving the results each of our clients goals.
FELIOS & ASSOCIATES LAW FIRM GREECE an ideal Foreign Direct Investment (FDI) Destination Greece represents a significant FDI destination for businesspeople, who wish to be at the crossroads of three Continents and at the fastest growing region of the SE Mediterranean Greater Area. FLF : Identifies market opportunities and provides investors with assistance, advice and aftercare support. Identifies potential partners, Locates sites, Assists with Legal & Technical Due Diligence services Supports Foreign Investors in licensing procedures During the last 20 years, has been facilitating private investment, independently of the political situation.
FELIOS & ASSOCIATES LAW FIRM FLF as a Facilitator / Mediator FLF offers the service of the Mediator who unlocks and facilitates the implementation of investments projects. FLF provides special legal & technical consultancy services during the design phase of an investment project, but also mediates during the licensing procedure in which bureaucratic obstacles, disputes related to State services and State actors vis a vis the foreign investor - or other difficulties arise
FELIOS & ASSOCIATES LAW FIRM Main FDI Sectors Tourism- Real Estate: 25% FDI in SERVICES: 74% off which: Trade: 10% Post & Telecom: 30% Financial: 35% Chemicals: 50% FDI in SECONDARY SECTOR: 25% off which: Food & Products: 17% Germany: 31% FDI during the last decade: France: 21% COUNTRIES of ORIGIN: UK: 10% USA: 9% Other: 30%
FELIOS & ASSOCIATES LAW FIRM FLF PROVIDES its SERVICES to the following sectors of FDI: Property Inspections Property Measurement Topographic Surveys Legal & Technical due Diligence Services Regularization - Legalization of building / construction works: ref. L.4178/2013 Issuance of Certificate of Legality required for transactions on Real Estate Assets Issuing of environmental efficiency certificate Services provided FDI in the TOURIST SECTOR FDI in the ENERGY SECTOR FDI in the RESEARCH & TECHNOLOGY SECTOR FDI in the FOOD PRODUCTS SECTOR FDI in the LOGISTICS SECTOR Supporting FDI in the LICENSING PROCEDURES FDI sectors
FELIOS & ASSOCIATES LAW FIRM Legal and Technical Due Diligence Services General Property Description Access Structure Building Fabric External Areas Building Services Environmental Issues Sustainability Town Planning Statutory Compliance Review Heritage Significance Assessment Floor Space Ratio, Car Parking Ratio and Efficiency Identification Surveys Tax Depreciation/ Capital Allowances Reinstatement Cost Assessment Capital Expenditure (CAPEX) Forecasts Operational Expenditure Assessment
FELIOS & ASSOCIATES LAW FIRM Regularization - Legalization of illegal building/construction works Collection of documents (Building Permit, architectural plans, land survey map, etc. Checking of existing GFA against the approved GFA. Recording the built up areas in excess of the permitted, floor-by-floor and the plot survey plan. Search and collection of documents, air-photos, etc. verifying the time of the building construction. Filling the electronic declaration of the illegally built structures Issuing of the fine payment order Electronic submission of the declaration to the TEE data base, comprising all of the documents, plans, etc provided by article 11 of L.4178/2013 .
FELIOS & ASSOCIATES LAW FIRM Certificate of Legality required for transactions on Real Estate Assets This issue assumes the following actions and procedures: Collection of all property related documents (land survey map, purchase deeds, building permits, approval of specific restrictions and conditions, etc.) Verification that any buildings in the Asset was constructed according to the building permit terms and other conditions. In case of buildings constructed in excess of the GFA permitted, application of the Legalization/regularization procedure, according to the L.4178/2013 provisions Issuing of Engineer s certificate, accompanied by an asset s survey map, as provided by article 3 of L.4178/2013. Issuing of environmental efficiency certificate. Property electronic identity
FELIOS & ASSOCIATES LAW FIRM FDI in the TOURIST SECTOR GREECE: 16,000km of Coastline, more than 6,000 islands & islets GREECE: A prime investment opportunity in the Tourist Sector MAIN INVESTMENTS INTERESTS: Thematic sun & beach tourist Nautical Tourism City Break Tourism Agro-Tourism (Guest Inn) / Cultural / Religious Tourism Meeting & Incentives (MICE) Tourism (Conference Tourism) Integrated Resorts (incl. Golf Resorts) Holiday Housing
FELIOS & ASSOCIATES LAW FIRM FDI in the TOURIST SECTOR (cont.) KEY INVESTMENT OPPORTUNITIES: Privatization of Marinas, Regional Airports, Ports, tourist properties Development of Premium Tourist Products (integrated resorts with infra for gastronomy, culture, wellness, MICE, medical or segments: elderly, couples, ) Markets targeted: Asia, Russia, and Israel )
FELIOS & ASSOCIATES LAW FIRM FDI in the ENERGY SECTOR The Renewable Energy Potential combined with ongoing large-scale infrastructure projects (TAP Gas Pipeline, oil exploitation) mean that Greece will play a major role in the Region s Energy Sector. MAIN INVESTMENTS OPPORTUNITIES: Privatization of State Assets Natural Gas: liquid gas terminals, gas pipelines, gas distribution. Hydrocarbon Exploitation Renewable energy: (WIND, HYDRO, BIOMASS, GEOTHERMAL, SOLAR & SOLAR/THERMAL) Energy efficiency businesses and investments Connecting the islands with the mainland network.
FELIOS & ASSOCIATES LAW FIRM FDI in the RESEARCH and TECHNOLOGY SECTOR The Research and Technology Sector offers several opportunities of investment in high-end, value added services with a global reach, leveraging the availability of skilled labor and the strong IT and Telecoms infrastructure. MAIN INVESTMENTS OPPORTUNITIES: Data centers Call centers / service centers operated by English-speaking staff Software Product Development Assembly and distribution of ICT devices Start-up communities and development clusters INVESTORS / FDIs AND FUNDS with CURRENT ACTIVITIES in the RESEARCH & TECHNOLOGY SECTOR in GREECE NOKIA, MICROSOFT, HTC
FELIOS & ASSOCIATES LAW FIRM FDI in the FOOD PRODUCTS SECTOR Greek diet is regarded as the most important of the Mediterranean Diet; e.g the diet of healthy, natural eating across the world. MAIN INVESTMENTS OPPORTUNITIES: Use of new technologies (hydroponics, greenhouses, etc.) Support organic producers with strong export potential Investment in the packaging, export and marketing of products like: olive oil, herbs and aquaculture Investment in boutique and niche market goods Promote the further development organic food sector Development in mass-market production of private-label or branded use. INVESTORS / FDIs AND FUNDS with CURRENT ACTIVITIES in the FOOD PRODUCTS SECTOR in GREECE NESTLE, KRAFT FOODS, BARILLA, CADBURY, UNILEVER, GENERAL MILLS, FRIESLAND CAMPINA
FELIOS & ASSOCIATES LAW FIRM FDI in the LOGISTICS SECTOR Greece has been for centuries a strategic node for the development of transportation in the Greater Region. Greece s geographical position, on the crossroads of three continents, e.g. the gateway between East and West, makes it highly attractive for investments in logistics and transport facilities/infrastructure MAIN INVESTMENTS OPPORTUNITIES: Investments in Greek ports Investment in Regional Airports Athens International Airport Rail & road transport investments Logistics Parks Assembly and quality assurance facilities INVESTORS / FDIs AND FUNDS with CURRENT ACTIVITIES in the LOGISTICS SECTOR in GREECE COSCO, FRAPORT,
FELIOS & ASSOCIATES LAW FIRM FLF supports FDI in LICENCING PROCEDURES Felios Law Firm is in the position to provide specific support service in the Licensing Procedures regarding all FDIs of the above Investments sectors. 1. TOURIST SECTOR: Licensing procedures in the Ministry of Tourism & National Organization of Tourism (EOT) for the establishment of: HOTELS, CONFERENCE CENTERS, TOURIST HARBORS-MARINAS, GOLF COURSES, and INTEGRATED TOURIST RESORTS. 2. ENERGY SECTOR: Licensing procedures mainly in the: Ministry of the Environment & Energy, Regulatory Authority of Energy, Centre of Renewable Energy Sources 3. RESEARCH & TECHNOLOGY SECTOR: Licensing procedures mainly in the: General Secretariat for Research and Technology, Foundation of Research and Technology, Information Society Observatory 4. FOOD AND PRODUCTS SECTOR: Licensing procedures mainly in the: Ministry of Agriculture, Association of Hellenic Food Manufacturers, Institute of Agro-biotechnology, Fisheries Research Institute 5. LOGISTICS SECTOR: Licensing procedures mainly in the: Ministry of Transport and Infrastructure Greek Society of Logistics
FELIOS & ASSOCIATES LAW FIRM EPILOGUE In the recent years, Greece has been experiencing an unprecedented period of economic and fiscal crisis. The country s economy now has many possibilities to recover and opportunities to achieve relatively good growth rates in the near future. The key to development is the persistent targeting, that brings results through self-confidence. The financing, the investments etc. is nothing else but the follow-up aspects of a positive vision of the future and the willingness to succeed without fearing the obstacles. The psychological factor forms the 50% of the problem. This persistent targeting is already visible. Many investment projects in Greece are currently open and attractive and their success will also depend on the proper law firm selection by the investors that will be present in any stage of the process for the implementation of the investment project
