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Athens Macedonian News Agency: News in English, 12-12-12
CONTENTS
[01] New measures by Dev't ministry to aid company start ups, competition
[01] New measures by Dev't ministry to aid company start ups, competition
AMNA -- A new legislative arrangement announced on Monday evening by the
Ministry of Development, Competitiveness, Infrastructure, Transports and
Networks provides for a reduction in the amount of the minimum capital
requirement for starting up an SA and limited liability companies to
24,000 euros, from the current 60,000 euros and to 2,400 euros from
4,500 euros, respectively.
It also stipulates the abolition of compulsory registration with chambers
for business, as of January 1, 2015, while private school tuition fees
are liberated as of January 1, 2013.
The measures, according to the ministry, are envisaged to facilitate
the establishing of new companies, cost reduction and boosting
competition.amna
As shown in a World Bank study, Doing Business 2013, the cost of
establishing new companies in Greece accounts for 20.5 percent of GDP
per capita, compared with the average 4.5 percent in OECD nations.
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