Greece is one of the favorite vacation destinations for many people. Perhaps it’s the beautiful Mediterranean climate that makes the country so attractive, or maybe it’s because it’s rich in history and dotted with thousands of beautiful white-washed houses and medieval castles.
Whatever it is, many people are choosing to make their home in Greece thanks to the country’s thriving tourist industry. If you’re one of those people who has decided to make the move, welcome to the wonderful world of Greek entrepreneurship! In this article, we’ll discuss how you can easily make money in Greece.
Find A Niche
If you’re looking to make money in Greece, one of the first things you’ll want to do is find your niche. What is your special skill or knowledge that you can market to help others make money? Your special skill or knowledge can be anything from dog breeding to fashion styling, translation to mediation, plumbing to dance. You can even start a business in niche industries like ticketing or events management if you aren’t equipped to run your own dog-breeding operation.
Whatever it may be, you need to find something that you’re passionate about and that you can see yourself doing regularly. If you can see yourself spending a lot of time working on your special skill or knowledge, you’ll find it easy to get motivated and inspired to work hard. In fact, you might even enjoy what you do!
Join A Sorority Or Society
Sororities and societies are great places to learn about business and leadership, and you can get access to some great networking opportunities. You might even come across opportunities to work for some of the large companies headquartered in Greece, such as Coca-Cola, Intel, and P&G. If you’re looking to make money in Greece, consider applying to be a member of a Greek business organization or joining a sorority or society.
The benefits of being a member of a business organization in Greece are numerous. You’ll be able to meet influential people who can help you climb the corporate ladder, connect you to investors, and provide you with invaluable resources like training and mentoring. If joining a business organization in Greece sounds like a good idea, there are numerous options to choose from.
Understand The Legal And Regulatory Framework
Another important thing to do if you’re looking to make money in Greece is to understand the legal and regulatory framework. Like any other country, Greece has legal institutions that exist to protect investors and entrepreneurs from scam artists and fraudsters. You must also understand that not all businesses are created equal, and some will seek to take advantage of you if you don’t understand their rules and regulations.
Fortunately, you can find all the relevant information you need to know in one place, so it’s easily accessible. Start by checking out the country’s General Business Regulations, which govern all businesses that operate in the territory of Greece. This is going to be your starting point, and from here you can navigate to the Legal Register, which is where all the companies that are registered in Greece have to file their annual reports and other documents with the authorities. You’ll also find the Insolvency Act, which helps protect investors from businesses that go bankrupt.
Understanding the legal framework is essential if you want to work in Greece and ensure that your business complies with all the rules and regulations. It also helps you avoid any misunderstandings with the authorities, which can quickly turn into disputes if you’re not careful. In most countries, you would file your articles of incorporation with the local authorities, but in Greece those documents are filed with public access, so anyone can verify your details. You must also register with the local business department if you’re physically located in the country, or if you conduct business via the internet.
Find Your Location
Once you’ve found your niche and understood the legal and regulatory framework, you can start looking for your location. Where will you base your business? There are plenty of options, from plush five-star hotels to more rustic alternatives, so you should be able to find something to suit your needs. If you’re looking for cheap rent, there are hundreds of cheap Airbnb rooms situated all over the country. If you’re looking for a quiet place to put down roots, consider moving to a small town where you can get an authentic Greek experience.
Decide Whether To Found A Sole Proprietorship Or To Form A Limited Company
So you’ve decided to set up a business in Greece. Great! Now you have to decide whether to found a sole proprietorship or to form a limited company. If you’ve decided to explore the luxury hotel market in the country, for example, you may want to set up a company, as hotels are better positioned to negotiate large commercial deals. If you’re looking to take the affordable route and stay in a smaller accommodation, a sole proprietorship might be the way to go.
Of course, it depends on your personal needs. What are your priorities? Are you looking to secure funding or are you happy to invest your own money? Are you looking for extra privacy or do you need the media exposure? There’s a trade-off in every situation, so you need to carefully consider your needs and the requirements of your business.
Be Prepared To Work Your Butt Off
If you’re looking to make money in Greece, you’ll have to be prepared to work your butt off to reach your goals. Unlike many countries, where you might encounter long red-tape-filled queues, in Greece working through the bureaucratic maze to get things done requires a lot of research, legwork, and strategic thinking. It’s not going to be easy, but it’s certainly do-able.
Greece is a wonderful place to do business and it’s a great destination for those seeking to make an extra buck. With consistent effort and by acting ethically and responsibly, you can easily make money in Greece.