More than 9,000 Greek companies want to transfer their activities abroad

5 April 2016
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A great number of Greek companies, 39%, consider transferring their headquarters abroad, almost double compared to last July when capital controls were imposed, according to a survey conducted by Endeavor Greece.

The survey was conducted between March 23 and March 31 and showed that more than 9,000 small, medium and large Greek companies are examining the pros and cons of their transfer to another country.

At the same time, 15% of companies participating in the survey have already transferred their activities abroad.

The main reasons for transferring their activities abroad are tax instability (60%), access to capital (55%), high taxes (51%) and bureaucracy (42%). Less important reasons are the difficulty of trade and transactions due to capital controls and the negative image of the country abroad.

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