Law 5100/2024 transposes into Greek legislation the Pillar Two and EU Minimum Tax Directive rules imposing a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups. At a glance  Law 5100/2024 that came into force on 5 April 2024, transposes into Greek law Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the EU (“Directive”). The Directive had converted into EU law the Pillar Two Global Anti-Base Erosion Rules (GloBE) developed by the OECD as part of addressing the tax challenges arising from the digitalisation of the economy in the context of the OECD/G20 Base Erosion and Profit Shifting Project (BEPS). The Gre...

Our head of Finance & Capital Markets practice, partner Christina Papanikolopoulou, will moderate a panel discussion on the critical issues surrounding listed companies at the 1st Listed Companies Conference, which will take place on Friday, April 19. During the conference, organised by NOMIKI BIBLIOTHIKI, distinguished speakers will discuss the challenges of the regulatory framework of listed companies. For more information: bit.ly/3Q2oYPb ...

Following an announcement of the Greek government marking a strategic shift in the country's approach to attracting non-European Union nationals interested in obtaining a residence permit through investment in real estate property, Law 5100/2024, which includes the amendment on the new conditions for the Golden Visa residence permit, was published in the Government Gazette on 05 April 2024. Key changes: The new framework introduces higher investment thresholds depending on the location of the real estate property: In the Region of Attica, the Regional Units of Thessaloniki, Mykonos and Santorini and the islands with a population of more than 3,100 inhabitants the threshold of the real estate investment rises at €800,000, instead of €500,000 (or 250,000 in certain areas), as was...

The wave of sustainable transition is becoming stronger and more forceful year after year and the net that it casts grows ever wider. As the impact is increasingly visible across society and business, it has come to affect culture, strategy and practices to their core. Within this framework, respect for human rights has been rightly placed at the centre of the way businesses need to care for their own employees and everyone throughout their supply chain through to end client. But as with everything in life and business, the devil lies in the details. Accepting this new reality in theory and implementing it in action are two vastly different things. Disparity in standards and complex guidelines put a strain on large multinational businesses, let alone smaller ones. However, meeting the b...