12 October

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Participation claim in acquired assets

Participation claim in acquired assets Participation claim in acquired assets, as defined in Article 1400 of the Civil Code (CC), is a central pillar of family law in Greece. Within this framework, it is recognized that property acquired during the marriage is joint and belongs to both spouses. Significant is the ruling of the Supreme Court (287/2011), which addresses the rebuttable presumption of participation in one-third of the increased assets, providing the legal basis for one spouse's claim against the other. Legal Framework Article 1400, paragraph 1 of the CC states: "If the marriage is dissolved or annulled, and the property of one...

12 October

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expiration of lease agreement

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expiration of lease agreement can lead to the eviction of a tenant and signify either a smooth transition or a tense period between the landlord and the tenant. In some cases, the tenant is already planning to move on, and the landlord can prepare for the next chapter. However, in other situations, the process can become complicated and stressful. So, how can you ensure that the lease termination process is fair and smooth? Understanding the expiration of lease agreement The first step is understanding the terms of the lease agreement. Lease duration is defined by the terms agreed upon by both...

11 October

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Greek investment residence permits

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Greek investment residence permits through Investment in Securities or Bank Deposits. The Greek legal framework offers Greek investment residence permits to third-country nationals (non-EU and EEA citizens) who invest at least €400,000 in financial instruments such as securities, bonds, or term deposits. The law provides flexible options for individual investors or investments through legal entities, such as corporate share purchases, government bonds, or long-term bank deposits. Investors are entitled to bring their families (spouses, cohabitants, children under 21, and parents). Investment Options: 1. Capital Contributions to Greek Companies: Investments in Greek-based companies (except portfolio and real estate investment companies), through share purchases or bond...

11 October

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deadline for property declaration

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deadline for property declaration The Cadastral system in Greece is a comprehensive property registry that records legal, technical, and ownership details of real estate. Property owners are required to declare their assets in the Cadastral system to establish and protect their ownership rights. Missing deadlines for these declarations can result in fines or even legal complications. The process includes submitting accurate property details, including location, size, and boundaries. Our legal team at Economou & Economou law office can assist with Cadastral registration, ensuring compliance with Greek law and safeguarding your property rights. A 53-day Greek Cadastral deadline for property declaration at the...

08 October

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foreign plates vehicles circulation

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foreign plates vehicles circulation in Greece, what applies? and what are the hefty fines? Foreign plates vehicles circulation in Greece is allowed, provided certain conditions are met. Otherwise, the penalties imposed by the authorities are severe. It’s not uncommon to see vehicles with foreign plates vehicles circulation on our roads, which do not belong to tourists visiting Greece for holidays. In both cases, the circulation of these vehicles by their owners, and not only, is temporary and subject to specific conditions and time limits. Who is allowed to drive a vehicle with foreign plates? According to the current legislation, individuals entitled to import and...

08 October

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Inheritance Rights of Partners

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Inheritance Rights of Partners Significant changes have been introduced to inheritance law and wills after more than 80 years of the current provisions being in force. These reforms are deemed necessary due to the social and economic changes that have impacted the Greek family and modern asset management needs. The proposed amendments affect key aspects of how assets are inherited, as well as the procedures for drafting and executing wills. Specifically, the new regulations focus on six main areas: 1. Inheritance Rights of Partners: For the first time, inheritance rights are granted to life partners who have cohabited for a long period without...

22 September

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Golden visa greek startups Investors

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Golden visa greekstartups investors Are you an entrepreneur or investor looking for a way to live in Europe? The Golden visa greekstartups investors might be just what you need. This program allows international investors to get a residence permit in Greece by investing in the country, and there’s an exciting new way to qualify by investing in Greek startups. What’s new with Greek golden visa from January 2025? The Greece Golden Visa offers a promising pathway for non-EU investors and entrepreneurs seeking residency in Europe, with a recent addition to the program targeting investments in Greek startups. The Golden Visa enables individuals to secure a...

29 August

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How to Register Your Foreign Marriage in Greece

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in Uncategorized

How to Register Your Foreign Marriage in Greece: A Legal Guide by Economou & Economou law office in Athens Greece. If you've had the joy of celebrating your wedding abroad and are now looking to have it recognized in Greece, the process involves specific legal steps. At Economou & Economou law office, our expertise in family law ensures that your foreign marriage is registered seamlessly and legally recognized within Greece. Below, we outline the procedure in clear legal terms. 1. Legal Basis for Recognition of Foreign Marriages in Greece According to Greek law, marriages that are legally performed and valid under the law...

28 August

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Greek Army fine 6.000€ for Draft Dodgers

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Greek Army fine 6.000€ for draft dodgers, is one of the most severe penalties for those who fail to report for military service, significantly affecting both those residing in Greece and those living abroad. The consequences are numerous, including the seizure of bank accounts and the hindrance of tax clearance certificate issuance. Conscripts seeking legal advice often ask how to handle the fine and whether they will face asset seizures or restrictions on their freedom of movement, particularly regarding travel abroad. The response to these questions varies and depends on each individual's specific circumstances. These situations are discussed in detail either in...

25 August

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Buy sell transfer of vessel

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in Maritime Law

Buy sell transfer a vessel - Economou & Economou law office the best maritime lawyers in Athens Greece econlaw@live.com (+30)2103603824

Buy sell transfer of vessel Maritime law in Greece FAQ With shipping being a significant sector for Greece's national economy, advancements in this industry continue unabated. Recent changes introduced by the new Private Maritime Law Code have altered the landscape in several areas, improving long-standing issues within the legal framework governing the maritime sector. Below, we provide answers to the ten most frequently asked questions about maritime matters in a straightforward and comprehensible manner. How can you buy sell transfer of vessel today?To answer this fundamental question, we must first distinguish between original acquisition (where the vessel is acquired without previously belonging to...

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