Also in the news...
Apply to be an approved operator of an Extra-Territorial Office of Exchange
Apply to become an approved operator if you're a non-UK designated operator running an Extra-Territorial Office of Exchange in Great Britain.
Register as an overseas company with Companies House
You must register an overseas company with Companies House if you want to set up a place of business in the UK.
How to successfully expand your business and set up in the UK
Tell us about your business and we'll give you the official information and data you need, in one place
Foreign Office travel advice updates
Latest travel information for British nationals affected by the situation in the Middle East.
Check if you need a UK visa
You may need a visa to come to the UK to visit, study or work.
Greek TEA EAPAE (Pension Fund) Declaration 2015
Our Managing Director in Athens provides an update to insurance companies on their obligations to the Greek TEA EAPAE.
As previously announced, the requirement for insurers to make a contribution to the Greek TEA EAPAE (Pension Fund) was abolished by law 4254/2014 as of 1 January 2015.
Following this development the Fund appealed to the Government concerning this decision. TMF Group has been informed by the TEA EAPAE department that there is an agreement between the Association of the Greek Insurance companies and the TEA EAPAE regarding "new" contribution rates with a 40% reduction (effectively the old 1% contribution becoming 0.6%, the 2% contribution becoming 1.2%).
The Minister of Labour and Social Security approved the changes and this decision has been published in the National Gazette. No law has been published that either cancels the previous one or imposes contributions to the TEA EAPAE.
- The Fund have requested a declaration for the period of January to September 2015 by 20 October, and a payment for January to June 2015 by 31 October.
Given the information currently available, your legal department should decide whether you submit the declarations and make the payment.
For additional information please get in touch with Yannis and his expert team in Greece.