Debt Settlement
120 Installments - Debt Settlement
For businesses and freelancers - Law 4469/2017
The out-of-court debt settlement mechanism allows for debt write-offs and up to 120 installment payments for debts to the State, Social Security, banks and other creditors.
Key Benefits
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Up to 95% write-off of fines for State debts
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Up to 85% write-off of surcharges
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Settlement in up to 120 installments
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Write-off of all late payment interest to private creditors
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Automatic suspension of enforcement measures
Who Can Apply?
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Freelancers (self-employed)
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Businesses (small, medium, large)
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All legal entities with business income
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Sole proprietorships with commercial capacity
Exclusions
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Private employees
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Public servants
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Pensioners
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Debtors without tax residence in Greece
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Those convicted of economic crimes or tax evasion
Requirements
Active business activity is required. For simplified accounting, positive EBITDA in one of the last three years. For double-entry accounting, positive EBITDA or positive net equity in one of the last three years.
I look forward to hearing from you soon.
Kind Regards,
Nefeli
