Investing across BorderGreece and Spain apply additional equity
restrictions on airport operations, and Japan, France, and Spain
have limits on foreign ownership of ports.Foreign equity are
limited to the transportation sector, while other countriessuch as
Greece and Spainlimit foreign ownership in more sectors, including
electricity and media.The time required to lease land from the
government ranges from 3 weeks in Greece to almost 5
months.Enforcement times range from about 1 month in France to
almost a year in GreeceEconomies restrict foreign ownership in one
third or more of the sectors measured by the indicators: Bolivia,
China, Ethiopia, Greece, India, Indonesia, Malaysia, Mexico,
Morocco, the Philippines, Saudi Arabia, Sudan, Thailand, and
Vietnam. The overall process of acquiring land. Leasing public land
is fastest in GreeceGreece presents restrictions on foreign equity
ownership greater than the average for the 11 member states of the
European Union covered by the Investing Across Sectors indicators.
It imposes restrictions on foreign equity ownership in select
utility sectors, in particular in the electricity industry. Greece
imposes restrictions on the air transportation sector, in which
foreign ownership is limited to 49%. This equity restriction,
however, only applies to investors from countries outside of the
European Economic Area (EEA). Furthermore, foreign capital
participation in the airport operation sector is limited to a
less-than-50% share. Currently, all Greek airports are owned and
operated by public entities.The minimum paid-in capital requirement
for domestic and foreign LLCs in Greece is 4,500
There are 2 separate regimes governing arbitration in Greece.
Law 2735/1999 regulates international commercial arbitration, and
the Code of Civil Procedure (Presidential Decree 503/1985) governs
domestic arbitration. Greece that does not fall within the
definition of international arbitration. Private law disputes are
generally arbitrable, providing that the parties have the power to
dispose of the object in dispute. Parties are free to appoint
arbitrators of any nationality, gender, or professional
qualifications.On average, it takes around 45 weeks to enforce an
arbitration award rendered in Greece, from filing an application to
a writ of execution attaching assets (assuming there is no appeal),
and 43 weeks for a foreign award.
