Opening A Bank Account In Greece

Greece has suffered enough the past years due to the worldwide economic depression occurred in 2008. However, Greece has shown great financial improvement the last 3 years owing to:

• The boost of Tourism, which in 2019 reached almost 40 million visitors, and is projected to increase even more when the pandemic ends
• Major investments that have taken place in Greece resulting in the country's GDP increase with the latest being that of Pfizer  
• Greece's strategic location connecting 3 continents  

Some key details  before investing in Greece are: 

• The tax return is currently at 24% and for 2021 will be reduced to 22% on profits
• VAT is at 24%, when in some cases can reach 13% and 6.5%.