Photo by Sean Pollock on Unsplash

Greece once again ranks as the world’s most complex jurisdiction, fixed at the top of the GBCI (Global Business Complexity Index) for the third year running.

Doing business in Greece remains challenging, driven by frequent legislative changes and ongoing regulatory reforms across all three core service lines. New requirements such as the MyData e-reporting system for accounting and tax (A&T), digital platforms for HR and payroll (HRP), as well as unpredictable changes in the private wealth and family office (PWFO) sphere all add to overall uncertainty.

Businesses often face practical hurdles, as requirements frequently vary by officer and department
location, especially those that involve bodies like the Unified Social Security Institution. Significant variability also persists in how the General Commercial Registry handles applications. Frequent and unpredictable changes force companies to constantly adapt, heightening operational risk for foreign firms.

Read more at: TMF-Group