LITHUANIAN DESK IN GREECE

The Lithuanian Business Desk in Greece has been launched by the Greek Law Firm Meidanis, Seremetakis & Associates (HM Law) in cooperation with the Lithuanian Law Firm Vaiciunas & Vaiciunas to facilitate investment and partnerships, to develop and improve links between businesses in Lithuania and Greece.

The key objective of the Lithuanian Business Desk in Greece is to assist Lithuanian companies with their business interests in Greece, in seizing opportunities in the Greek market.

What makes us unique:

We are the first law firm in Greece to offer tailor-made assistance to Lithuanian business.
We have been providing services to Lithuanian business clients in Greece since 2020. Current representation of Lithuanian companies in Greece, in various fields of operations.
Excellent understanding of business and legal environment in Lithuania.
In person representation in Lithuania by local lawyer (advokatas);
Work and communication in Lithuanian;

This is our private initiative and contribution to the development of economic relations between Lithuania and Greece, in response to the growing cooperation between Lithuania and Greece, as well as the attention and efforts devoted to it by national leaders in recent years[1].

Despite the fact that Greece and Lithuania are two geographically distant countries located on different sides of Europe 1800 km apart, but in fact they are just a simple airplane flight away. However, the more important point is that our countries also have many similarities. Greece and Lithuania face common challenges on which they work in close cooperation. While Greece and Lithuania have their unique identities, they are both important members of the European community and contribute to the cultural, economic, and political diversity of the continent.

“The current state of economic relations between Lithuania and Greece does not reflect the potential for cooperation. Economic cooperation and business ties can be successfully forged between the two countries in high value-added economic areas, including in the fields of renewable energy (especially solar energy), ICT, life sciences, start-up ecosystem development, Fintech, electronics and lasers, which are of interest to both sides”[3]. “There is a significant potential for improving economic relations, trade and investment on both sides. Our economy is growing faster than the euro area average. The foreign direct investment we are attracting to the country is at record levels. Therefore, it is also important for your audience, for Lithuanians, for Lithuanian companies that may be interested in investing in Greece, to understand that the Greece of 2022 is nothing like the Greece of the economic crisis of the second decade of the 21st century. We have made significant progress and I think we can further strengthen the economic ties between our two countries, to the benefit of both our peoples.“ [4]

Greece is a country that has a rich cultural heritage and a vibrant economy. It is important to note, Lithuanian business should look at Greece not only as a country with 11 million permanent inhabitants, but also as a market that attracts an additional 34 million tourists a year.

If you are considering doing business in Greece, here are some things to keep in mind:

Business registration: The first step in starting a business in Greece is to register it with the General Commercial Registry (GEMI). This can be done online, and the process is relatively straightforward.
Taxes: Greece has a corporate tax rate of 22% with a prospect to become to 20%. However, the government offers a range of tax and other incentives incentives for businesses that invest in certain regions or industries.
Infrastructure: Greece has a well-developed infrastructure, including a modern road network, ports, and airports. The country is strategically located at the crossroads of Europe, Asia, and Africa, making it an important hub for trade and commerce.
Cultural awareness: Greece has a unique business culture that values personal relationships and face-to-face communication. It is important to take the time to build relationships with potential business partners and to understand the local customs and traditions.
Legal system: Greece has a civil law legal system that is based on the Roman legal tradition. It is important to work with a local lawyer who is familiar with the local legal system and can help you navigate the complexities of doing business in Greece.

Law Firm Meidanis, Seremetakis & Associates is one of the most well-established and highly reputable law Firm in Greece and has built its’ reputation on successfully providing legal services both within the Greek territory as well as internationally. Our firm has extensive experience in every aspect corporate law through each business sector operating in Greece. We have an in-depth knowledge of the legal framework surrounding international Greek investment and investment within Greece and can offer our services to Lithuanian entrepreneurs and Lithuanian companies aiming to invest in Greece. More specifically, our range of work includes a broad range of legal services in the following areas:

Law of International Transactions/ Private International Law
Company law
General Business Law
Banking & Financial Law
Energy Law
Transport & Shipping Law
Real Estate Law
Regulatory & Administrative Law
Dispute Resolution, Litigation, Arbitration, and Mediation

How can we help? Contact us:

Haris Meidanis

Partner, Law Firm Meidanis, Seremetakis & Associates

hmeidanis@hmlaw.gr

+302103604445

Information sources:

https://gr.euronews.com/2022/10/20/dendias-apenanti-se-kathe-anatheoritiki-ideologia

[1] A) https://gr.mfa.lt/gr/en/news/state-of-economic-relations-between-lithuania-and-greecedoes-not-reflect-the-potential-for-cooperation;

[2] A) https://gr.mfa.lt/gr/en/news/state-of-economic-relations-between-lithuania-and-greecedoes-not-reflect-the-potential-for-cooperation;

[3] https://gr.mfa.lt/gr/en/news/state-of-economic-relations-between-lithuania-and-greecedoes-not-reflect-the-potential-for-cooperation

[4] https://www.amna.gr/home/article/685078/Kur-Mitsotakis-Europaiki-lusi-to-suntomotero-gia-to-thema-tis-energeiakis-krisis

[5] https://gr.mfa.lt/gr/en/news/state-of-economic-relations-between-lithuania-and-greecedo

es-not-reflect-the-potential-for-cooperation

[6] https://www.amna.gr/home/article/685078/Kur-Mitsotakis-Europaiki-lusi-to-suntomotero-gia-to-thema-tis-energeiakis-krisis

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