How hard is it to start a business in Greece? What are the laws concerning entrepreneurship there?
Greece is in a very difficult position financially. I've been reading about people using "starvation cookbooks" and giving up their children because they have no money and cannot find a job. I wonder if the Greek government has regulations that make it difficult for entrepreneurs to start businesses. You would think that if they made it easy to start businesses, then at least that might help the employment situation of some, somewhat.
Your question is very topical considering that 150 businesses in the centre of Athens was burned to a cinder last night.
Greece is the most difficult place in the world to open a business. Out of a survey of 150 countries Greece is around 147. It takes anything from 6 months to 5 years depending on the size of the business, The paperwork is ridiculous with anything from 37 different types of documents. Oh and of course you need money to pass under the table to the various authorities.
Lastly when you want to close your business the authorities will come and audit. Just in case you have not paid the correct taxes or VAT over the years you had the business they will charge you an arbitrary amount of money the size of which depends on how kind you are to them. Oh I almost forgot, also the tax laws have changes 17 times in the last 5 years just to make budgeting slightly difficult.
I believe Uganda makes it easier to start a business.
Starting a business in Greece is exceptionally difficult. It is not a capitalist system based on 21st or even 20th century laws, but rather arcane 19th Century laws, political graft, payoffs and endless paperwork. It is truly a socialist form of government that is exceptionally corrupt system and lacks any sense of political or economic stability, which is essential to starting any business. In fact Greece loses a tremendous amount of business to surrounding countries precisely because of these issues. The Heritage Foundation just recently completed their "Economic Freedom" rankings which review how easy it is to conduct and start businesses etc. and Greece ranks 119 out of 179 countries. In another study the Greeks were found to be extremely hard workers.
Greece is a microcosm of what happens in a socialist state when government spending and easy credit is, coupled with stagnant economic growth. It is a representative economic model of what occurs to a Nation State when the incentive to produce and prosper is taken out of the equation and replaced by government larges.
by Susan Reid 6 years ago
The dynamic duo Romney/Ryan are in Ohio today, ostensibly courting the "women's vote." And how do they do that?By insulting women entrepreneurs!Seriously!The presumptive Republican nominee told the crowd that women are "more likely" to start businesses than men and "need...
by Simone Haruko Smith 6 years ago
What advice could you give to people interested in starting their own businesses? Share your tips and entrepreneurial expertise as part of this week’s Weekly Topic Inspiration challenge! If you don’t know where to start, I’ve put together some search-friendly titles below:Essential Lessons...
by Kathryn L Hill 5 years ago
by Harvey Stelman 8 years ago
Our Politicians think they can. Tell me if you or the government can; and how?
by Moderndayslave 7 years ago
With the income gap between the wealthiest American's and the soon to be decimated middle or working class ever increasing. How much more proof do you need that tax cuts for the wealthy isn't creating jobs or supplying wages that are holding their own against inflation....
by Sterling Carter 6 years ago
What is the number one reason why people who start a work from home business fail?There are a lot of reasons I know. But what is at the top of the list?
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|