Greece

The ISO code of Greece is GR according to the ISO 3166 standard. The local name of the country is Ellada. Greece capital city is Athens. People in Greece speak the Greek language. In the year 1944, Greece emerged as a sovereign political entity. The largest city in Greece is Athens.

Greece is located in the UTC +02:00 time zone, which is also called Eastern European Time or EET. The internet country code top-level domain (ccTLD) for Greece is .gr. Other domains assigned to Greece are .ελ, .eu. The domain name .eu is available for use by organizations in and residents of European Union member-states. The International dialing code for Greece is 30. People in Greece drive on the right side of the road. Total land area of Greece is 131,957 km² (approx. 50,949 mi²). Greece is not a landlocked country. It means that is is bordered by at least one major body of water.

Greece is located in Europe. Greece is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Greece faces various issues, including air pollution, water pollution.

Doing business in Greece

We offer various corporate services in Greece jurisdiction. These services can serve both, people coming from Greece and foreigners. If you plan on doing business in Greece you might be interested in contacting us.

To find out about starting your business in Greece click on company formation in Greece.

To find out how to open a bank account in Greece and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Greece.

Choose preferred service below or continue reading to find out more about Greece.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Greece

The total population of Greece is 11,142,161 people. In Greece, the population density is 84 people per square kilometer (219 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Greece is 0.1576. Greece has approximately 1242514 foreign immigrants. The median age is approximately 43.5 years. In Greece, 56 in every 100 people use internet. Greece has a Human Development Index (HDI) of 0.853.

The majority religion of Greece is Christianity, Greece is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Greece.

Culture of Greece

People in Greece speak the Greek language. According to data on inbound tourists in Greece, 17,920,000 tourists arrive in the country each year. The first McDonalds in Greece was opened on 12 November 1991, and it was located in Athens Syntagma Sq.. One of the most popular national dishes of Greece is fasolada. To read more click on culture of Greece.

Geography of Greece

Greece is considered to be a large nation because of its total area. Its total land area is 131,957 km² (approx. 50,949 mi²). Greece is located in Europe. Its capital city is Athens. Greece has 4 neighbouring countries. Its neighbours include Albania, Bulgaria, Turkey, and Macedonia. Total length of land borders of Greece is 1110 kilometers (~429 miles).

The highest point of Greece is Mount Olympus, with its official height being 2919 m (9,577 ft). Including land mass and EEZ, the total area of Greece is approximately 637,529 km² (~246,150 mi²). The most notable natural resources found in Greece are lignite, petroleum, iron ore, bauxite, lead, zinc, nickel, magnesite, marble, salt, hydropower potential.To read more click on geography of Greece.

Economy of Greece

The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 20.9% of population in the country are unemployed. The total number of unemployed people in Greece is 2,328,712. Each year, Greece exports around $30.39 billion and imports roughly $50.58 billion. The Gini Index of the country is 34.4. Greece has a Human Development Index (HDI) of 0.853.The Global Peace Index (GPI) for Greece is 1.878. Greece is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, food and tobacco processing, textiles, chemicals, metal products, mining, petroleum.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Greece is $285,297 billion. Each year, consumers spend around $172,484 million. The ratio of consumer spending to GDP in Greece is 0%, and the ratio of consumer spending to the world consumer market is 0.4. The corporate tax in Greece is set at 29%. Personal income tax ranges from 22% to 42%, depending on your specific situation and income level. VAT in Greece is 24%. To read more click on economy of Greece.

Infrastructure of Greece

Infrastructure quality in Greece is rated to be at 3.17. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.

In Greece, 100% of the population has access to electricity. There are 3,201,000 internet hosts in Greece. Greece has 77 airports nationwide.

The logistics performance index of Greece is 3.2. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.

Tracking possibilities for shipments are rated at 3.03. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.

To read more click on infrastructure of Greece.

Politics of Greece

Greece, is a unitary parliamentary constitutional republic. With regard to political and civil freedoms, Greece is 1. Citizens in Greece experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Prokopis Pavlopoulos.

According to the World Bank Group, the government effectiveness index of Greece is 0.4. This indicates that the government of Greece is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Greece before considering any business maneuvers.In Greece, the legislative power is vested in a Hellenic Parliament. The Global Peace Index (GPI) for Greece is 1.878. The strength of legal rights index for Greece is 3. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. Greece is a member of the United Nations (UN). On 25 October 1945, it joined the UN at it inception date as a full member state. Greece is one of the original UN member states who founded the organization. Greece is a member of the European Union (EU). On 25 October 1945, it joined the EU as a full member state. Greece is a member of the World Bank. To read more click on politics of Greece.

Environment of Greece

Greece emits 7.6 metric tons per capita of CO₂. 37520 km² of Greece's territory is covered in forests. and forest land comprises 28% of all the land in the country. To read more click on environment of Greece.

Company formation in Greece

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Greece.

When establishing a company in Greece, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Greece that will affect the establishment and growth of one's business. Contact us or click on company formation in Greece to read additional information when setting up a business.

Bank account opening in Greece

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Greece. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Greece, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Greece or contact us.