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Board of Investment (BOI) regulation in Piraeus forms a significant part of Greece's broader investment law landscape. Investment laws in Greece are designed to regulate, promote and ensure protection to investments and investors, both domestic and international. In Piraeus, much like the rest of Greece, the BOI's legal jurisdiction often focuses on strategic investments, property and real estate, industry sector regulations, and investment incentives. These may include tax breaks, financial assistance programs, as well as other incentives provided by the local and national government.
Consulting a lawyer well-versed in BOI regulations can be vital in many situations. For instance, when you plan to make a substantial investment, such as purchasing real estate or starting a new business. Understanding complex tax laws, investment incentives, regulatory requirements, and property rights requires legal expertise. Also, having a lawyer can ensure you comply with all local and national legislations, hence preventing administrative misunderstandings or legal issues.
BOI regulation in Piraeus often falls under the larger Greek investment law. This includes the Law on Strategic Investments, which aims to expedite and simplify procedures for significant investments. Moreover, Greece’s investment laws implement EU's policies on open and fair competition. Tax laws, property laws, corporate laws, and competition laws are also applicable, all of which may affect domestic and foreign investments.
Greek Investment Law aims to encourage domestic and foreign investment by providing tax and financial incentives, simplifying administrative procedures, and ensuring legal certainty and protection for investors.
Incentives can range from tax benefits, state grants, subsidized land or buildings, or funding for training and job creation, depending on the nature and location of the investment.
Strategic Investments are large-scale projects that have a significant impact on the national economy. They’re given special status to accelerate and ease their implementation.
Greece follows EU competition law, which is designed to ensure fair and open competition, prevent monopolies, and protect smaller businesses.
BOI lawyers provide legal advice, ensure compliance with applicable laws, assist in negotiations and documentation, and represent clients in disputes related to investments.
Reliable resources for BOI guidance include the Greek Ministry of Economy and Development, Enterprise Greece - the national investment promotion agency, and the Hellenic Competition Commission. Legal texts related to investment laws can be accessed from the National Printing Office. For international investors, embassies and chambers of commerce may offer additional resources and assistance.
If you need legal assistance in BOI, the first step is to select an experienced investment attorney. You may want to look for lawyers specializing in the specific area of your investment, such as real estate, industry, or corporate law. Check their credentials, inquire about their experience in handling similar cases, and arrange a consultation. It's also important to understand their fee structure.
