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Funds and asset management law in Perifereiaki Enotita Mykonou, Greece pertains to the legal structures, regulations, and processes involved in the collection, administration, investment, and protection of financial assets and investment funds. As an area known for its vibrant tourism sector and growing real estate investment, Mykonos attracts both domestic and international investors seeking opportunities in managed funds, private equity, real estate investment trusts, and other structured investment products. Greek law on funds and asset management is harmonized with European Union directives but also features local regulatory specifics that investors and managers should be aware of.
Individuals and businesses in Perifereiaki Enotita Mykonou may require legal assistance related to funds and asset management for a variety of reasons. Common situations include:
Seeking the guidance of a specialized lawyer can help protect assets, ensure legal compliance, and provide strategic advice in complex transactions.
Funds and asset management in Mykonos are governed by a combination of Greek national legislation and European regulations. The primary authority is the Hellenic Capital Market Commission, responsible for regulating fund structures, investment firms, and asset managers. Key laws relevant to funds and asset management include:
Local application of these laws can present unique challenges, especially in cross-border investment and when dealing with property assets typical of the Mykonos region.
Common fund types include UCITS funds, alternative investment funds (AIFs), private equity funds, real estate investment funds, and venture capital funds. Local regulations determine the structure and permissible investments of these funds.
No, you do not need to be a Greek resident. However, both Greek and EU regulations regarding anti-money laundering and tax matters apply to all investors.
The primary regulator is the Hellenic Capital Market Commission (HCMC), which supervises fund registration, operations, and compliance.
Asset managers must obtain a license from the HCMC, meet strict capital requirements, and comply with ongoing reporting obligations.
There are generally no restrictions for EU investors, and limited restrictions for non-EU investors, but certain sectors such as real estate may have additional requirements.
Taxes may apply on capital gains, dividends, and interest income. Double taxation treaties and local tax codes must be reviewed for each investor’s situation. Corporate structures may affect tax liabilities.
Yes. Real estate investment funds are popular for collective property investment in the area, typically used for tourism properties, hotels, and commercial real estate.
Both parties must undergo rigorous Know-Your-Customer checks and ongoing compliance reviews to satisfy anti-money laundering legislation.
Most fund agreements specify dispute resolution methods, including Greek court jurisdiction or arbitration. Legal counsel can help navigate resolutions.
A local lawyer ensures compliance with Greek and EU law, assists with structuring and registration, reviews contracts, advises on tax and investment matters, and represents clients in disputes.
For further guidance and official information, the following resources can be helpful:
If you need legal assistance in funds and asset management in Perifereiaki Enotita Mykonou, consider the following steps:
Legal expertise is crucial in navigating the regulatory complexities of funds and asset management in Mykonos, ensuring your investments are secure and compliant with all current laws.
