E.O.T stands for Organsiation of the Tourism in Greece, and is responsible for the issue of licenses for professional rental properties.

In case of intending to rent my property out seasonally I need such a license, i.e. the law maker assumes any rental contract to be professional, if the rental period is less than three months.

Before I can make an application for the E.O.T license I have to establish a business in Greece with the standard consequences as there are: residence permit, work permit, IRS registry, chamber of commerce registry, income tax declarations, VAT declarations and more. Thereafter I can make the E.O.T application for my property.

The statistics say between 6 and 12 months or even more and costwise up to 9510 Euros.

The law is strict and strictly enforced! You need several surveys for i.e. 'is the property rentable' for the fire protection for 'is the property built according to the permits' etc. Is there a swimming pool the situation for the issue of a license is getting even worse, cause your need a lifeguard in case of having a pool depth greater than 1.5 metres. It is almost impossible to get the license without having local people like attorneys and engineers handy. Also, your applications may be refused because of the saturation of the rental market.

In case of renting my property out against money and with the mentioned period of time less than three months you render yourself liable to prosecution! Is there a swimming pool linked to the property this causes a second element of crime. As a consequence thereof the E.O.T imposes a fine without further notice. Further on the E.O.T can lock the property. The IRS will be informed by the E.O.T and will begin an investigation because of fiscal fraud. The public prosecution will begin investigations because of renting a property without permit to do so. As legal consequences there are penalties, imprisonment up to eviction of the acting person.

You may issue rental contracts with periods of times more than three months. Your income of these activities must be declared yearly at the IRS. You just need a AFM (tax number) and that's it. Your tenants also need one.