How we help Indian businesses invest in Greece

Our team at Tsaks Consulting has extensive experience assisting international businesses and investors looking to establish operations and invest in Greece. We work with a network of independent English-speaking lawyers, accountants and other qualified professionals who can assist Indian clients and expats from India looking to:

Expand their business operations into Greece.
Migrate to Greece.
Invest in infrastructure projects in Greece.
Open a company in Greece.
Carry out other business, investment and migration activities in Greece.

Tsaks Consulting provides business consulting, market research, business development, regulatory coordination and bid and tender writing services. We also connect Indian businesses and investors with independent legal and accounting professionals who can provide specialist advice and assistance.

Our legal and accounting partners offer a broad range of commercial services to Indian nationals doing business in Greece, including:

Company opening services for Indian businesses.
Migration and citizenship advice, including Golden Visa applications.
Regulatory compliance, including registering as a foreign director and obtaining a Greek tax number.
Opening a foreign branch or subsidiary in Greece.
Writing bids and tenders for Greek government contracts, as well as preparing bids for EU-funded projects and procurement opportunities.
Purchasing property, including hotels and other commercial assets in Greece and the wider EU, with independent legal and taxation advice where required.

Our personnel and professional network include:

Independent English-speaking accountants who understand the India–Greece Double Taxation Avoidance Agreement (DTAA).
Independent English-speaking accountants and tax advisers who can provide specialist advice on international taxation and assist with financial and taxation due diligence for investments in Greece.
English-speaking regulatory consultants and experienced bid and tender writers, including Jason Cooney, founder of Tsaks Consulting, who has extensive experience in European and international bids and tenders, including defence procurement.

Our knowledge of the India-Greece Double Taxation Avoidance Agreement (DTAA)

Our team of business consultants assists Indian businesses with investment research, market entry and infrastructure opportunities in Greece, including projects involving ports, airports and other major assets. We also work with independent accounting and taxation professionals who understand the India–Greece Double Taxation Avoidance Agreement (DTAA) and its implications for Indian businesses operating in Greece and Indian nationals investing in Greece.

The DTAA is an important bilateral tax agreement between India and Greece, designed to allocate taxing rights between the two countries and provide mechanisms for addressing double taxation. It can be particularly relevant to Indian companies establishing operations in Greece, investors receiving income from Greek assets and individuals with financial interests in both countries.

The agreement addresses various categories of income and taxation, including business profits, permanent establishments, dividends, interest, royalties, income from immovable property and other cross-border taxation matters.

Understanding how the DTAA applies is important when establishing a company, opening a branch, purchasing commercial assets or conducting business between India and Greece. The applicable treatment depends on the relevant treaty provisions, domestic tax legislation and the circumstances of the business or individual.

Key Highlights

Permanent establishment. The concept of a permanent establishment is important when determining whether a business operating across India and Greece may be subject to taxation in the other country. The DTAA contains provisions addressing the taxation of business profits attributable to a permanent establishment. Independent tax professionals can assess whether your activities create a permanent establishment and explain the resulting tax obligations.
Withholding tax rates. The DTAA contains provisions relating to the taxation of cross-border payments, including interest, dividends and royalties. The applicable withholding tax treatment depends on the nature of the payment, the relevant treaty provisions, domestic legislation and eligibility for treaty benefits. Our independent accounting and taxation partners can advise on the applicable rates and requirements.
Dividends. Where dividends are paid between India and Greece, the applicable tax treatment may depend on the recipient’s tax residency, the nature of the shareholding and the relevant treaty provisions. Specialist advice can help businesses understand their withholding tax and reporting obligations.
Immovable property tax and capital gains tax. The DTAA addresses income from immovable property and certain capital gains arising from the disposal of assets. The country in which the property or asset is located may have taxing rights, although the treatment depends on the type of asset and the applicable treaty provisions.
The taxation of pensions. The treatment of pensions and retirement income can depend on the type of pension, the individual’s tax residency and the relevant provisions of the DTAA. Indian nationals relocating to Greece should obtain specialist advice on how their retirement income may be taxed.
Provision for the exchange of information. The DTAA includes provisions addressing cooperation and the exchange of information between the tax authorities of India and Greece, subject to the applicable legal requirements and confidentiality protections.
Credit method application. The DTAA provides mechanisms for addressing double taxation, which may include foreign tax credits where applicable. The availability and calculation of tax relief depend on the relevant treaty provisions, domestic tax rules and individual circumstances.

A summary of how the DTAA works

The DTAA between Greece and India provides an important framework for Indian businesses expanding into Greece, opening companies and conducting cross-border business activities. It helps clarify how certain categories of income may be taxed and establishes mechanisms intended to reduce the risk of double taxation.

For Indian companies considering establishing a subsidiary, opening a branch or investing in Greek infrastructure and commercial assets, understanding the agreement can assist with business planning and identifying potential tax obligations.

The exchange of information provisions also support cooperation between the Indian and Greek tax authorities and international tax transparency. Businesses operating between the two countries should maintain appropriate records, comply with relevant reporting requirements and obtain professional advice on their international taxation obligations.

Tsaks Consulting can coordinate introductions to independent accountants and international tax advisers who can assess how the DTAA applies to your proposed business activities or investments.

How our accounting and legal partners who specialise in helping Indian nationals and Indian businesses expand into and operate in Greece can help you

Greece and India have a strategic relationship, and bilateral ties have strengthened in recent years. This presents opportunities for Indian companies to invest in Greece, establish business operations and use Greece as a gateway to the wider European Union.

Our team of business consultants, analysts and regulatory specialists works alongside independent accounting and legal partners to help Indian businesses navigate the Greek market. We provide practical assistance with market research, business development, investment opportunities, administrative coordination and government procurement.

We can work with you to:

Coordinate visa and migration applications through independent immigration lawyers.
Conduct market research and coordinate legal, financial and taxation due diligence on potential acquisition opportunities.
Assist with purchasing property and other assets through independent legal, accounting and property professionals.
Coordinate the establishment of companies in Greece.
Assist with establishing subsidiaries or branches of Indian businesses.
Coordinate Golden Visa applications and assess relevant investment pathways through independent qualified professionals, subject to current eligibility requirements.
Conduct marketing, business development and market penetration initiatives.
Coordinate compliance with Greek taxes and other regulatory requirements through independent accountants and lawyers.
Identify government contracts, infrastructure projects and tender opportunities in Greece and the EU.
Prepare bids and tenders for Greek government contracts, EU-funded projects and other public procurement opportunities.

Our team understands the importance of having reliable local support when investing or establishing operations in another country. Based in Athens, we can act as your central point of contact, coordinate communication with independent professionals and assist with navigating the administrative and commercial requirements of doing business in Greece.

Contact our team today to discuss how we can assist with your next project. We work collaboratively with law firms and accounting firms in India as required and can coordinate with your existing advisers to help ensure a consistent approach to your business activities in Greece.

About Our Professional Network and Important Information

Tsaks Consulting Greece is a business consultancy specialising in helping Indian businesses, international investors, expats and overseas companies establish and expand their operations in Greece and the European Union. We provide business consulting, market research, business development, investment opportunity research, regulatory coordination and bid and tender writing services directly.

We also work with a network of independent lawyers, accountants, tax advisers, notaries and other qualified professionals. Where specialist legal, accounting, taxation, immigration, investment or other regulated professional services are required, we connect clients with suitable independent professionals and coordinate the process to ensure they receive the support they need.

These specialist services are provided by independent professionals rather than Tsaks Consulting directly. Tsaks Consulting is not a law firm, accounting practice, licensed investment adviser or immigration law practice.

The information provided on this website is for general informational purposes only and does not constitute legal, accounting, financial, taxation, immigration or investment advice.

Greek, Indian and EU laws, regulations, tax rates, tax treaties, filing deadlines, investment requirements, Golden Visa eligibility criteria and administrative procedures may change at any time. The application of the India–Greece Double Taxation Avoidance Agreement depends on the treaty provisions in force, applicable domestic legislation and the circumstances of each taxpayer.

While we aim to provide accurate and useful information, we cannot guarantee that all information remains current or applicable to your individual circumstances. We recommend obtaining advice from an appropriately qualified and authorised professional before making any legal, financial, taxation, immigration or investment decisions.