Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 13 MAY 1996

Investment In Greece - Mergers

KPMG Peat Marwick Kyriacou
Explore more from KPMG Peat Marwick Kyriacou

GreeceEmployment and HR
Law 1297/1972 was enacted in order to encourage mergers and acquisitions of business entities for the purpose of creating larger and more efficient entities. The validity of this law for mergers has been extended by Law 2166/1993 (from 31 December 1992) until 31 December 1996.

The incentives provided by this law take the form of exemptions from various taxes and duties, e.g. exemption from stamp duty, exemptions from transfer tax on real estate and the deferral of income tax on gains arising from the revaluation of assets at the time of the merger until the dissolution of the company or the distribution of the gains. These benefits apply on the conditions that the company resulting from the merger will have a paid up capital of at least Drs 60 million in the case of a company limited by shares (AE) or at least Drs 30 million in the case of a Limited Liability Company (EPE) and in most cases, that 75% of the AE shares or EPE parts will not be transferable for the first 5 years

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Law 5316/2026 On Pay Transparency And Equal Pay

Law 5316/20261 (the Law) was voted by the Greek Parliament on 2 July 2026. It transposes Directive (EU) 2023/970 into Greek law by amending several Articles of the Greek Labor Code. The purpose of the Directive is to eliminate the gender pay gap for equal work or work of equal value, create transparent conditions for pay determination and progression, strengthen enforcement mechanisms and ensure access to effective remedies and restoration for affected workers.
GreeceEmployment and HR
Bernitsas
Bernitsas
Article

Greece’s Transposition Of The EU Pay Transparency Directive: What Employers Need To Know

Greece's new pay transparency law, transposing the EU Pay Transparency Directive, introduces comprehensive requirements for employers including written pay structures, gender pay gap reporting, and employee information rights. With most operational obligations taking effect from November 1, 2026, employers face strict deadlines, substantial penalties for non-compliance, and a new administrative dispute resolution procedure that shifts the burden of proof in discrimination cases.
European UnionEmployment and HR
Ius Laboris
Ius Laboris
Article

Law 5316/2026 – Other Amendments

Law 5316/2026 (the Law) was voted by the Greek Parliament on 2 July 2026 and transposes Directive (EU) 2023/970 into Greek law by amending several Articles of the Greek Labor Code. The aim of this Briefing is to present the other amendments introduced by the Law to the Greek Labor Code on employment and pension matters, independent of the provisions concerning the transposition of the Directive, and specifically to provide an overview of the Articles in Parts B and C of the Law, which took effect on 6 July 2026.
GreeceEmployment and HR
Bernitsas
Bernitsas
Article

EU Pay Transparency: Greece Becomes Fifth Member State To Finalize Directive Transposition

Greece has become the fifth EU member state to transpose the Pay Transparency Directive, introducing comprehensive obligations that take effect November 1, 2026. While largely aligned with the EU framework, the Greek law includes distinctive provisions on pay structures, enforcement mechanisms, and a central role for the Greek Ombudsperson in overseeing compliance. Employers with operations in Greece face new requirements around gender-neutral compensation, pre-employment disclosures, and enhanced anti-disc
GlobalEmployment and HR
Jackson Lewis P.C.
Jackson Lewis P.C.