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Tel: +30 210 3613379
Tel: +41 32 5101465

Contact

  • Aviation

    ELC pioneered the liberalisation from the monopoly of air transportation related services in Greece, while also creating the foundation for the current ground services at the Athens International Airport and the other large airports throughout the country.

    Eurolegal - Aviation
  • Finance and tax

    In cooperation with certified accountants and tax consultants nationally and internationally, we can help you to sort out your finance assessment and make sure you can dispose of a proper evaluation of assets and of circumstances.

    Eurolegal - Finance and tax
  • General business law

    We are assisting in the creation of dozens of firms of different types for a variety of business purposes. We can help you to set up a proper structure according to your needs and assist you with a holding structure or an acquisition even on a small scale.

    Eurolegal - General business law
  • High technology

    We are very active in providing legal assistance to new expanding sectors of High Technology. One of the world's most prestigious manufacturers of super computers and specialized applications, Silicon Graphics International, turned to us for all necessary legal coverage in the country.

    Eurolegal - High technology
  • Labour law

    We feel it and we deal with it as very, very sensitive! Through our organised strategy we have proved successful in finding solutions that save our clients time and money.

    Eurolegal - Labour law
  • Intellectual property

    Whether you would simply like a check on the registration of a trademark or you wish to register a name, design or patent in Greece, Europe or even Worldwide, our experience and organisation can help you efficiently.

    Eurolegal - Intellectual property
  • Private and family law

    When your private life gets complicated, ELC can help. We have dealt with many cases and know how to find the best solutions offered in Greece and around the world.

    Eurolegal - Private and family law
  • Real estate

    Dozens of land and property buyers have entrusted us with their significant investments. From negotiating to contract preparation and registration, we take care of all your paperwork from A to Z.

    Eurolegal - Real estate

Welcome to the European Legal Consultancy

For comprehensive legal services... think ELC

ELC is one of an exciting new breed of law firms, combining local expertise with an international network of like-minded professional associates.

ELC has extensive legal experience across a broad range of sectors. We offer multi-lingual capabilities to compliment our wide range of specialist services for both commercial enterprises and private individuals. After many years of work and experience, ELC has created a solid, worldwide clientele.

We embrace cutting edge technology which keeps us up-to-date and links us seamlessly with all major domestic and international institutions - including bailiffs, court registrars, international organisations and the European Commission - but we never forget the importance of regular face-to-face meetings.

Our pricing is fully inclusive, honest, and transparent, with no hidden extras.

We are happy to offer you an initial consultation and quotation completely free of charge. Contact us now to find out more about how we can help.

Your visit to this web site and our exchange of correspondence do not imply acceptance by our Law firm to handle or to defend your case.

Inheritance law and estate planning in Greece and abroad

    Sharing your wealth to your family members or other persons is always a complex issue. Even those who inherit it, with or without a will, are not spared.

    The inheritance tax varies between 0 and 50% and depends on the degree of kinship, but also on whether it is real estate, securities, bank deposits or valuables. It also plays a role if the assets are registered in the country of residence, in the EU or in another state, but also the nationality of the heirs, etc. Special rules apply in particular to life insurance policies, joint-stock companies, etc.

Due to the particularly important tax and legal consequences, it is essential that specialized lawyers intervene scrupulously and cautiously.

    A mere transfer of ownership of a property or an ordinary joint bank account may be a solution in simple cases only. When things are getting complicated, a different stance is required. For example, in the near future, there will be, in Greece also, a wealth and assets record, like it is already in place in most countries and which will require a detailed registration of all assets. A transparent and legally compliant solution must be applied. That is why since 2017 already, the tax authorities of most countries of the world, every EU country, Switzerland, Liechtenstein, the United States and elsewhere, have introduced the automatic exchange of information (AEI) on moveable assets.

    Deposits (including investments, fund shares, etc.) in joint bank accounts in Greece are in practice exempt from inheritance tax, and in the event of the holder’s death, those assets are automatically credited to the co-owners. In theory, this does not apply to common bank accounts held abroad by Greek citizens, but in practice, no problems have arisen in this regard. It would also be contrary to European law (since the latter prevails over Greek law), which assures the free movement of capital.

    However, one must be careful, since, in some countries, e.g. Switzerland, there are no joint accounts, but only situations where third parties are operating through a simple authorization by the proxy. Therefore, in the event of the death of the account owner, his bank account is being blocked and the funds may only be transferred to the co-owners by inheritance (will or legal succession) after the establishment and the filing of an inheritance certificate or any other relevant document.

    Greek law has special provisions applicable to the taxation of inheritance of movable assets, located in Greece. However, when these assets are located abroad, things are more complicated and there is a distinction between residents and non-residents: For legal heirs residing in Greece (Greeks or foreigners), the inheritance is normally taxed. The same applies to Greek citizens residing abroad unless they have lived outside of Greece for at least 10 years without interruption. This measure is particularly burdensome for Greeks who owning assets outside of their home country.

    In a future analysis, we will deal with real estate ownership and the special regulations for insurance policies, the transfer of company shares, etc. Our law firm cooperates with specialized tax experts who have extensive experience in Greece and abroad, and we maintain privileged relations with Switzerland and the United States. Thus, our firm can properly assist you in situations where estate planning is essential.

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