Capital transfer controls

After the agreement between Institutions and Government,the removal of the capital transfer controls is on the agenda of the Government and the Bank of Greece. However, for the time being only in theory and on the condition of meeting certain economical key points and without any fixed time frame. Probably, first admission to the banking system will become easier, i.e. opening of bank accounts and granting of customer ID, while it will take some time until transfers from Greece will be unlimited. But it is a start and obviously enterprises should use any further possibilities for free capital movements. [Dirk Reinhardt/Partner MStR Law]