Greece has a thriving service industry that makes up close to two thirds of gross domestic product, followed by industry and agriculture. Tourism is a major source of foreign exchange earnings and revenue, followed by shipping. Most of the country’s activities take place in Athens, where the majority of its population lives, but there are other important business centers such as Thessaloniki, Patra, Crete, and Kavala. Investor confidence has improved following the recent economic restructuring. 

Greece taxes its residents on income earned in any part of the world, but reduces tax liability for tax that was paid in the foreign country in which the profits arose. The tax rates vary depending on the type of income. The country has multiple agreements to avoid the double imposition of taxes. 

AURAY Capital’s partnership, via Grant Thornton Greece, can provide assurance, taxation and advisory services in its Athens office.