The real estate team of AP & Generalis is currently supporting four foreign investors in the establishment of operating companies regarding investments in holiday properties on the islands of Mykonos, Paros, Skiathos and Crete.

With a respective investment volume of more than 1 million in the area of vacation properties and expected rental income of more than 100,000 euros per year, the formation of a corporation is worthwhile, since the operating costs can be extensively deducted and profits which can be retained in the company are taxed at 22%.

The real estate team of AP & Generalis regularly supports investors in the process of establishing the IKE companies, the subsequent acquisition of the holiday properties, as well as in the drafting of rental contracts or contracts with providers of holiday homes. 

Currently, three IKE companies are in the process of being founded on the island of Mykonos and one company each on the islands of Paros, Skiathos and Crete.